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Xenios

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Discover Xenios's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Xenios?

XeniosCoin (XNC) is a cryptocurrency launched in 2019, designed to offer fast, secure, anonymous, and scalable payment methods for blockchain-based businesses and digital finance. It uses a hybrid X11 consensus algorithm and operates through Masternodes and Software Masternodes, enabling high-speed transactions with low fees. The coin has a semi-stable nature, combining the structure of stablecoins with its origin as a volatile cryptocurrency. It serves as the native asset of the Xenios Blockchain, supporting various use cases such as trading, investing, and rewarding users who mine new tokens and create blocks.

How is Xenios used?

XeniosCoin (XNC) is designed for trading and investing, offering anonymous, free, and quick transactions. It is a semi-stable asset, which can be comforting for investors who use it as a means of exchange. Additionally, XNC tokens are used to reward users who mine new XNC tokens and create blocks. The coin is also used for governance and utility on the Xenios platform and serves as the official currency for yearly subscriptions of members in the Hellenic Blockchain Association.

How do I store Xenios?

To store XeniosCoin (XNC) tokens, you have several options:

  • Exchanges' Wallets: You can store your XeniosCoin on exchanges' wallets, such as Binance Wallet.
  • Crypto Wallets: You can store your XeniosCoin on crypto wallets like Trust Wallet.
  • Cold Wallets: For long-term storage, you can use cold wallets, which are more secure than hot wallets.
  • Personal Wallets: You can also store your XeniosCoin in your personal wallet, either on-chain or off-chain, depending on your familiarity with operating on-chain wallets.

How to buy Xenios?

To buy Xenios (XNC) tokens, follow these steps:

  1. Create an Account:

    • Register on a centralized exchange (CEX) like Binance, Coinbase, or Bitrue. Verify your identity and secure your account with two-step verification.
  2. Fund Your Account:

    • Use fiat currency to purchase a cryptocurrency like USDT, ETH, or BNB. This can be done through the CEX's OTC trading service or via financial platforms like PayPal or Robinhood.
  3. Transfer Funds:

  • Transfer the purchased cryptocurrency to a CEX that supports XeniosCoin (XNC) trading. If the same CEX supports both fiat purchases and XNC trading, you can skip this step.
  1. Buy XeniosCoin:

    • Use the transferred cryptocurrency to buy XNC in the spot market. Ensure the CEX supports the desired trading pair, such as XNC/USDT or XNC/ETH.
  2. Store or Trade:

    • Store your XNC in a wallet, such as Binance Wallet or Trust Wallet, or trade it for other cryptocurrencies on crypto exchanges.

Remember to research the exchange's reputation and fees before making a purchase.

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History of Xenios

XeniosCoin (XNC) is a cryptocurrency launched on October 20, 2019, by a team based in Greece. The project was founded by Emmanouil Kafouros and Anastasios Oureilidis, who aimed to create a business and asset management-oriented cryptocurrency. The name "Xenios" is inspired by the Greek god Zeus, who is sometimes referred to as Zeus Xenios.

XeniosCoin is built on its native blockchain, which utilizes a hybrid PoS/PoW consensus mechanism. This allows for fast and secure transactions, making it suitable for various use cases. The blockchain is designed to be massively scalable, enabling it to handle millions of micropayments with minimal costs.

The Xenios ecosystem includes several products such as Xenios Exchange, Xenios BlockExplorer, and Xenios Wallet, which support the coin's functionality and usability. XNC tokens are used for trading and investing, offering anonymous, free, and quick transactions. They are also used to reward users who mine new XNC tokens and create blocks.

In terms of token distribution, 12 million XNC were allocated to the Xenios Team, 17 million were reserved for Masternode operators, and less than 2.5 million were dedicated for minting. The remaining coins were released into circulation.

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How Xenios works

Xenios (XNC) is a digital currency and blockchain protocol that leverages a hybrid consensus algorithm, combining elements of both Proof of Work (PoW) and Proof of Stake (PoS) mechanisms. This unique approach allows the blockchain to achieve high speeds and scalability while maintaining robust security.

Consensus Mechanism

The Xenios protocol uses a hybrid consensus algorithm called X11, which involves dual nodes: Masternodes and Software Masternodes. These nodes are responsible for verifying thousands of transactions on the blockchain within a short period, enabling the ecosystem to handle millions of transactions with extreme speed and low fees.

Masternodes and Software Masternodes

To set up a Software Masternode, users need to hold approximately 30,000 XNC tokens in their wallet. This setup generates an average of 25 XNC tokens daily for an estimated duration of at least 200 years, with block halving occurring every 200,000 blocks. Only 30 Software Masternodes are available.

Masternodes, on the other hand, require a significant investment of 1,000,000 XNC tokens. Only three Masternodes are available, and they produce an average of 550-750 XNC tokens daily, lasting for 200 years, with block halving occurring every 4,000,000 blocks.

Blockchain Capabilities

The Xenios blockchain is designed to process over 20,000 microtransactions within a minute, making it a reliable and scalable fintech solution. It also features near-zero fees, regardless of the amounts transferred in a single transaction. This is particularly useful for businesses and institutional investors who require high liquidity and fast transactions.

Semi-Stable Structure

XeniosCoin has a semi-stable structure, which ensures a parallel stable minimum price. This provides unlimited liquidity for institutional investors and helps maintain stability even in volatile market conditions. The coin's dual nature makes it both a means of exchange and a digital asset.

Governance and Utility

XeniosCoin serves as the governance and utility token on the Xenios platform. It is used for yearly subscriptions of members and is the official currency of the Hellenic blockchain. The coin's hybrid consensus mechanism and semi-stable structure make it an attractive option for those seeking a balance between stability and the potential for growth.

Overall, Xenios (XNC) offers a unique blend of speed, security, and stability, making it an interesting option for investors and users seeking a reliable and scalable fintech solution.

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Xenios's strengths

The token Xenios (XNC) has several strengths that make it a unique and attractive cryptocurrency:

  1. Hybrid Consensus Algorithm: Xenios uses a hybrid protocol called the X11 hybrid consensus algorithm, which combines the speed and scalability of Proof of Stake (PoS) with the security of Proof of Work (PoW). This allows for fast and secure transactions.

  2. Masternode and Software Masternode System: The blockchain operates through dual nodes known as Masternode and Software Masternodes. These nodes are responsible for verifying thousands of transactions quickly, making the ecosystem capable of handling millions of transactions with low fees.

  3. Semi-Stable Nature: XeniosCoin has a macroeconomic structure that ensures a stable minimum price, providing unlimited liquidity for investors. This makes it a reliable option for institutional investors.

  1. Fast and Scalable Transactions: The XNC blockchain can execute 20,000 microtransactions in a minute, making it a highly scalable Fintech solution. Additionally, it offers near-zero fees for transactions, regardless of the amount transferred.

  2. Eco-Friendly Environment: Xenios aims to provide an eco-friendly blockchain environment, which is a key aspect of its fundamental principle of hospitality and generosity.

  3. Strong Team and Partnerships: The Xenios team, based in Greece, has partnered with prominent digital currency payment gateways like CoinPayments, expanding its potential client base and offering high-quality payment solutions.

These strengths contribute to XeniosCoin's unique position in the cryptocurrency market, offering a fast, secure, and scalable payment method for blockchain-based businesses and digital finance.

Xenios's risks

XeniosCoin (XNC) carries several financial risks due to its volatile nature. Despite its semi-stable design, it is still susceptible to market fluctuations and unexpected events. Here are some key risks associated with investing in XNC:

  1. Price Volatility: XeniosCoin's price can be highly volatile, leading to significant losses if the market moves against investors. This volatility can be influenced by various factors such as changes in trading volume, market sentiment, and global economic conditions.

  2. Risk of Losing Money: Investing in XNC, like any other cryptocurrency, carries the risk of losing money. Investors should carefully consider their financial situation and risk tolerance before investing in XNC.

  3. High Risk Score: Recent price movements and market analysis have given XNC a high risk score, indicating that it is a relatively high-risk investment. This score is influenced by factors such as price volatility and trading volume.

  1. Market Instability: The cryptocurrency market as a whole is known for its instability, and XNC is not immune to these market fluctuations. Prolonged bear markets can negatively impact the value of XNC.

  2. Liquidity Risks: Although XNC aims to provide unlimited liquidity for investors, there is still a risk that liquidity may be limited during times of high market stress or low trading volume.

  3. Regulatory Risks: Changes in regulatory environments or laws governing cryptocurrencies can negatively impact the value and usability of XNC.

  1. Security Risks: As with any digital asset, there is a risk of security breaches or hacking incidents that could compromise the integrity of the Xenios blockchain and the value of XNC.

Investors should carefully weigh these risks against the potential benefits of investing in XeniosCoin and ensure they have a thorough understanding of the cryptocurrency market before making any investment decisions.

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Xenios's ecosystem

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Xenios’s team

  • Emannuel Kafouros: Vice Chairman & Chief Technology Officer, with over 30 years of experience in IT and blockchain, leading technological implementation and ensuring the proprietary blockchain is green and easily integrated with traditional systems.
  • Nikolaos Kotsopoulos: Chief Information Officer, with experience in information security and incident response, supporting the delivery of GDPR consulting projects and leading security assessments.
  • Apostolos Gioulis: Chief Security Officer, certified in OCSP, AZ-500, and AZ-104, ensuring digital infrastructure runs under strict security protocols.
  • Ioannis Markakis: Chairman & Chief Financial Officer, with a strong track record in the financial sector and experience in wealth management and real estate.
  • Anastasios Oureilidis: Chief Executive Officer, with hands-on experience across the blockchain ecosystem and extensive blockchain programming expertise.
  • Michael Broustis: Chief Operations Officer, with over 25 years of experience in concluding large-scale financial transactions.
  • Nick Kakaniaris: Marketing.
  • Nick Boulis: CFO.
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