What is XDC Token? (2024)

FAQs

What does an XDC token do? ›

XDC Network uses a unique Delegated Proof of Stake (XDPoS) consensus mechanism, where holders delegate tokens to masternodes for transaction validation and network security. The XDC token, native to the network, is used for fees, staking rewards, governance, and accessing dapps designed for global commerce.

The XDC Network sets a benchmark for digitizing trade finance by enabling the tokenization of diverse trade finance instruments and assets. The XDC Network is an enterprise-grade, open-source and EVM-compatible Layer 1 blockchain.

XDC, XRP, and Solana each offer distinct advantages and address specific challenges within the blockchain space. XDC excels in enterprise solutions and trade finance with its hybrid model and high efficiency. XRP revolutionizes cross-border payments with speed and low cost, despite facing regulatory hurdles.

While it's difficult to predict the precise future price of any cryptocurrency, the likelihood of XDC hitting $100 in the foreseeable future is relatively low.

XDC is the world's first hybrid blockchain. All CGO gold tokens are 100% backed by real physical gold and are Shariah Compliant. One CGO represents one pure gram of gold, fully backed, redeemable, and regulated and priced at the prevailing rate for gold on international markets.

A highly optimized, bespoke fork of Ethereum, the XDC Network reaches consensus through a delegated proof-of-stake (XDPoS) mechanism, which allows for two-second transaction time, near zero gas fees, and over 2,000 transactions per second (TPS).

What are the predictions for XDC Network in 2025? Analysts remain optimistic for 2025 as well. In September XDC Network will reach a minimal price of €0.0567. XDC Network is projected to finish that year at a value of approximately €0.0685.

Stablecoins, which are digital assets pegged to stable assets such as fiat currencies, provide a secure and reliable alternative for businesses and investors. The XDC Network emerges as a compelling platform for stablecoin development.

Coincodex.com: According to Coincodex.com XDC price prediction, the price of XDC crypto is expected to be somewhere between $ 0.057229 on the lower end and $ 0.208644 on the high end by the end of 2025, and price prediction for 2030 could be between $ 0.098399 on the lower end and $ 0.138895 on the high end.

How many coins does XDC have? ›

As of mid 2023, there were approximately 12.3 billion XDC coins in circulation, with a total supply capped at 37.5 billion XDC.

The table above accurately updates our XDC price in real time. The price of XDC is up 0.19% since last hour, up 0.53% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $1.00B. XDC has a circulating supply of 14.92B coins and a max supply of 37.94B XDC.

XDC Network was the first blockchain to join the Global TFD Initiative - a consortium of major global financial institutions and leading service providers such as ABN AMRO, Santander Asset Management, ING Bank, SMBC, ANZ, Commonwealth Bank of Australia, Texel Group, NN Investment Partners, and more.

MATIC acts as a third-party environment that provides scalability and a low-cost transaction medium with higher throughput to the DAPPs and protocol. It is a Layer 2 solution, i.e it works on top of Ethereum's primary blockchain whereas XDC has a Single Layer.

XinFin blockchain is powered by the XDC01 Protocol. This smart-contract protocol is a fork of Quorum (a permissioned, i.e. private blockchain) which is, in turn, a fork of Ethereum (permissionless, i.e. public blockchain). This 'hybrid' architecture means that XinFin has two kinds of network states: public and private.