Coin overview
XION
Ended--
Last price (USDT)
130.41K
24h total (USDT)
674.06K
Total vol (USDT)
2024-11-12 07:00:00 ~ 2024-12-05 09:30:00
Trading time (UTC+0)
2024-12-05 14:00:00
Delivery time (UTC+0)
Introduction
XION is the first L1 blockchain for crypto abstraction. It enables developers to build, launch, and scale consumer-ready Web3 products from the ground up. XION Total supply: 200,000,000
XION launches The Promethean Saga on-chain event, now open for early access
On December 19th, Layer1 project XION announced the launch of The Promethean Saga on-chain event, which will last for several months and is now open for early access. The first phase is limited to invited participants only.
L1 Blockchain XION Launches $12.6 Million Funding Program "Anti-Grant-Grant Program"
L1 blockchain XION announced a funding program with Thrive Protocol, called the "Anti-Grant-Grant Program," with a scale of up to $12.6 million. The program aims to change the traditional donation and funding model in the blockchain industry. Unlike traditional funding models, it is reported that this program uses accountability to deter projects that receive funding but fail to achieve their construction goals.
XION ecosystem rapidly expands: cross-chain exchange launched, prediction market launched, user surge triggers infrastructure challenges
On December 7th, the XION team reviewed its performance on the first day after the mainnet launch. Data showed that the system reached 2,500 requests per second (about 9,000,000 per hour) and successfully created 420,000 accounts within 24 hours. Despite the team expanding the infrastructure tenfold in advance, the email service still encountered challenges: due to high traffic, Google mistook it for a DDoS attack, resulting in about 4% of users receiving delayed OTP. The team responded quickly, added Google OAuth login and optimized deduplicate logic to ensure smooth user access. This event verified XION's insistence on decentralization. The team revealed that they are working with zkEmail to develop zero-knowledge email login, reduce dependence on centralized services, and further strengthen the Web3 spirit. On December 10th, XION ecosystem received another major news. The cross-chain exchange function launched in cooperation with SquidRouter allows users to exchange tokens on any chain for $XION with the lowest market transaction fee. In addition, the XIONMarkets platform has launched a new prediction market, providing users with market sentiment and trend betting functions, expanding the application scenarios of the ecosystem. The XION ecosystem has quickly demonstrated the Web2-level experience and Web3 decentralized concept from cross-chain exchange, prediction market to user surge. XION is leading a new round of ecological development, allowing users to truly "believe in the future, believe in XION".
Top 10 Airdrops For The Second Week of December
Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors. These airdrops distribute free tokens to attract new users and expand communities. For crypto enthusiasts, the following airdrops present a chance to earn new tokens and engage with emerging projects. Movement Network Movement secured $41.40 million in a funding round co-led by Polychain Capital, Borderless Capital, Blizzard Fund, and dao5, with additional participation from Binance Labs. While the MOVE network currently has no active tasks, users can claim their MoveDrop by connecting their EVM wallet used during registration. This initiative highlights the growing trend of incentivized participation in decentralized ecosystems. “Someone farmed 36 wallets for Movement & got 90,000+. MOVE airdrop currently worth around $66,000,” said Tobi, an airdrop farmer. MOVE airdrop was launched earlier today, on December 9, on Binance’s airdrop portal. The token also secured listings on South Korean exchanges Upbit and Bithumb. Nexus Labs Nexus Labs aims to create a “Verifiable Internet” by leveraging the computing power of connected devices. After raising $27.20 million in a funding round co-led by Pantera Capital, DragonFly Capital, and Lightspeed Ventures, the network launched its testnet on December 9, lasting only four days. Participants simply need to keep a browser tab open to share their internet speed, making it an accessible yet time-sensitive opportunity. Vana Vana raised $25 million in a round co-led by Coinbase Ventures, Polychain Capital, and Paradigm. Users can participate in its confirmed airdrop by running a node on a test network. With system requirements of 1 CPU, 8GB RAM, and 10GB of storage, Vana is targeting tech-savvy participants. The project also announced the closure of its Telegram app on December 9, urging users to connect their wallets to preserve earned points. “On Monday, December 9, at 9:00 am Pacific, we’ll be launching a new Nexus network testnet. The goal is to enable the Verifiable Internet. Watch our latest video to learn more about what we are building,” Vana said. SynFutures SynFutures, a decentralized exchange (DEX) for derivatives, completed a $36 million funding round co-led by Polychain Capital, Pantera Capital, and HashKey Capital. The launch of its governance token, F, on December 6 marked a significant milestone, offering fee discounts, rewards, and governance rights to holders. BeInCrypto also reported plans to list the token on Bybit and Gate.io. “The SynFutures Foundation will oversee growth, manage proposals, and collaborate with partners,” the team stated in a recent announcement. Wormhole Wormhole, a cross-chain bridge protocol, secured $225 million in funding with participation from Coinbase Ventures and Multicoin Capital. The project’s confirmed airdrop reflects its commitment to decentralization and community engagement. Meanwhile, token holders are rewarded for staking their W holdings. “A minimum of 50,000,000 W is allocated for Reward Period 1 of the Wormhole Staking Rewards Program (SRP), currently active for all W holders on Solana, Arbitrum, Base, Optimism, and Ethereum,” Wormhole said. XION XION raised $36 million in a fundraiser supported by HashKey Capital, The Spartan Group, and Multicoin Capital. The project’s airdrop targets early adopters and contributors who played a vital role in its community development. Through this initiative, XION emphasizes rewarding loyalty and ecosystem engagement. “You may be deemed a believer for the XION airdrop if you: Played a key role in the XION community’s growth, believing in the project from the beginning. Believed in and actively engaged with apps on the XION testnet. Earned special recognition from official XION community activities. Believed in something, across a wide variety of ecosystem partners,” one community member shared. Taiko Taiko, a Layer 2 scaling solution for Ethereum, raised $37 million in a funding round co-led by Hashed Fund, Lightspeed Ventures, and Hongshan. With its airdrop confirmed on December 5, Taiko aims to enhance decentralization by distributing tokens to early users and contributors. “Taiko, a Layer 2 scaling solution on Ethereum, is giving out free tokens through their airdrop,” an official medium post read. The Taiko airdrop rewards early users, developers, and community members. By joining, you can get free tokens and be part of Taiko’s future. With the Taiko airdrop, the project shares its tokens with the community. Magic Eden Magic Eden, a leading NFT platform, raised $159.50 million in a round led by Paradigm, with Coinbase Ventures and Sequoia Capital participating. The ME token, central to its ecosystem, is set for its airdrop on December 10. Pre-market trading suggests a value of $3-$4 per token, making it a potentially lucrative opportunity for participants. “The ME token is currently trading in pre-markets at $3-4 USD per ME. Pre-markets should always be treated with caution, but give an initial indication of where the value might be heading,” said Azuki researcher wale.moca. Jupiter Jupiter announced a confirmed $860 million airdrop following a $137.50 million fundraiser. Known as “Jupuary,” this initiative will reward protocol users while filtering out opportunistic participants. Eligibility checks begin this month, with the airdrop scheduled for January. “Jupuary is on. Jupiter DAO Passes Massive $860M ‘Jupuary’ Airdrop Vote. A snapshot of eligibility was taken in November. A link to check eligibility will be available later in the month, while the actual airdrop is scheduled for the following month,” said Marty Party, a popular user on X. StarkNet StarkNet, a Layer 2 solution on Ethereum, raised $282.50 million in a funding round co-led by Pantera Capital, Paradigm, and Sequoia Capital. While the project has not confirmed an airdrop date, ecosystem updates and integrations suggest exciting developments on the horizon. “More integrations, better accessibility, and an ecosystem that never stops shipping… Another great week on Starknet, packed with tons of updates (and a new airdrop to claim,” said Brother Staknet Digger. Overall, these crypto airdrops reflect significant developments within the blockchain space fueled by capital injections and community-driven incentives. From confirmed airdrops to novel testnets, these projects highlight the potential for a decentralized future of finance, computing, and internet connectivity. As these projects progress, early adopters have the opportunity to shape and benefit from this growing ecosystem actively.
Bitget Launchpool Project XION BGB Prize Pool APR temporarily reported at 131.88%
On December 5th, the Bitget Launchpool project XION (XION) has opened for investment, with a total prize pool of 330,000 XION. As of press time, the current BGB prize pool APR is temporarily reported at 131.88%, the XION prize pool yield rate is temporarily reported at 23,046.02% APR, and the INJ prize pool yield rate is temporarily reported at 102.09 APR. The lock-up opening time is from 18:00 on December 5 to 18:00 on December 10 (UTC+8).
Bitget has launched U-denominated XION perpetual contracts
Bitget announces the launch of U-denominated XION perpetual contracts, with a maximum leverage of 50 times. XION contract strategy trading will also be opened simultaneously.
XION mainnet goes live, launching the "Double or Nothing" gamified token airdrop mechanism
According to The Block, the Layer1 project XION has launched its mainnet and introduced a Double or Nothing mechanism. This gamifies the initial token airdrop, allowing eligible participants to choose to double their airdrop through a game-like spinning wheel or lose it all. The team stated that 5% (10 million) of the total supply of 200 million XION tokens were allocated for this airdrop, with 69% of the initial drop distributed to the XION community and the remaining portion given to industry participants supporting this ecosystem, including Berachain, Injective, Pyth, Monad, Milady, Brett and SPX6900 communities. Foresight News previously reported that XION completed $25 million in Series A financing in April this year with participation from Multicoin, Animoca and Arrington Capital among others.
XIONUSDT now launched for futures trading and trading bots
Bitget has launched XIONUSDT for futures trading with a maximum leverage of 50, along with support for futures trading bots, on December 5, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. XIONUSDT-M perpetual futures: Parameters Details Listing time December 5, 2024 19:30 (UTC+8) Underlying asset XION Settlement asset USDT Tick size 0.0001 Maximum leverage 50x Funding fee settlement frequency Every eight hours Trading time 7*24 Depending on market risk conditions, Bitget may adjust the parameters from time to time, which may include the tick size, maximum leverage, and maintenance margin rate. [Futures] Bitget’s futures include: USDT-M Futures, Coin-M Futures and USDC-M Futures. USDT-M Futures - Trade using USDT for all pairs. You can choose USDT to trade multiple currency pairs at the same time, in which multiple futures share the same account equity, profit, loss and risks. Thank you for your support and attention to Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Circle-backed Layer 1 Xion launches mainnet and gamified token airdrop mechanism
Layer 1 blockchain Xion, focused on chain abstraction, has launched its mainnet and introduced an unusual mechanism for its initial XION token airdrop distribution. The “Double or Nothing” airdrop feature means eligible participants can opt to potentially double — or lose — their rewards via a gamified spinning wheel, according to a statement shared with The Block. Xion is based on the Comet BFT consensus framework and the Cosmos SDK, a developer toolkit and software package leveraged in projects such as Injective, Osmosis and dYdX Chain. The network uses "generalized abstraction" to build a user-friendly blockchain ecosystem that doesn't require wallet accounts, signatures or additional technical sign-ups. This enables users to seamlessly interact with decentralized applications without remembering seed phrases or storing private keys in a more familiar web2-style experience. XION is a utility token that serves multiple functions across Xion’s ecosystem, including network usage fees, governance, and proof-of-stake security. Xion is also the first blockchain to integrate USDC as its primary transactional currency, meaning all products built on the network will display user-friendly prices in the stablecoin. Eligibility for Xion’s " Believe in Something " initial distribution was determined by factors such as testnet participation and engagement with partner communities. According to the team, up to 5% (10 million) of the total 200 million XION token supply is allocated to this first airdrop, with a current pre-trading value of more than $50 million. This initial airdrop allocates 69% to the Xion community, with the remainder distributed among industry participants who have shown strong support for the ecosystem, including the Berachain, Injective, Pyth, Monad, Milady, Brett and SPX6900 communities. A representative for Xion told The Block that 23% of its overall token supply is allocated to its ecosystem, 15% to the protocol and foundation, 15% to the community and launch, 27% to strategic backers and 20% to its core team. Stripping away the complexity of crypto Aiming to remove crypto's complexity and supported by an ecosystem of over 75 partners and a claimed 4 million active onchain wallets, the network will focus on use cases related to payments, social communities, web subscriptions, loyalty programs and games. For example, Xion claimed EarnOS, a consumer app on the network, gained 100,000 users from 159 countries in just 72 hours. EarnOS enables companies to create "missions" that users can complete in exchange for rewards, with brands like Uber, Baskin Robbins, The North Face, Sunglass Hut and Lacoste tripling their X followings from their campaigns, according to the project. The Xion ecosystem is also working closely with Injective, Sei and Pyth and expanding its chain abstraction to Solana, BNB Chain and Avalanche, the team said. “We’ve built a platform that lets the magic of crypto burn brightly behind the scenes, free of the usual mess and complexity,” Burnt Banksy, the pseudonymous founder and CEO of Burnt, a core contributor to the Xion network, said. “This isn’t about playing catch-up with competitors but fueling innovation, breaking boundaries and setting the blockchain world ablaze with possibilities. With Xion, crypto becomes so seamless it’s almost invisible.” Xion announced in April that it had raised $25 million in a Series A funding round, with participation from Animoca Brands, Laser Digital, Multicoin, Arrington Capital, Draper Dragon, Sfermion and GoldenTree. This brought its total funding to $36 million. Xion launched its testnet in December 2023 after raising $11 million from Circle Ventures, Animoca Brands, Multicoin, HashKey, and Valor, among others, The Block previously reported.
Bitget Spot Bot adds XION/USDT
We are pleased to announce that Bitget spot bot has now added: XION/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
XION opened at 12 dollars, Bitget Launchpool is now open for investment
According to Bitget, XION opened at $12 and is now trading at $10.99. Bitget's current Launchpool project, XION, is now open for play, with a total prize pool of 330,000 XION, and the lock pool will be open from December 5th 18:00 to December 10th 18:00, with a maximum of 10,000 BGB for regular users and 50,000 BGB for VIP users, for a total prize pool of 282,000 XION. The BGB pool is limited to 10,000 BGB for regular users and 50,000 BGB for VIP users, with a total prize pool of 282,000 XION pieces; the XION pool is limited to 200,000 XION, with a total prize pool of 24,000 XION pieces; the INJ pool is limited to 16,667 INJ, with a total prize pool of 24,000 XION pieces; the INJ pool is limited to 16,667 INJ, with a total prize pool of 24,000 XION pieces; and the INJ pool is limited to 16,667 INJ, with a total prize pool of 24,000 XION pieces. In the INJ pool, the maximum number of pledges is 16,667 INJ and the total prize pool is 24,000 XION。
XION announced the white paper and token economics, with the community and Launch accounting for 15.19% of the total token amount
On December 4th, Chain Abstraction L1 XION officially released its white paper and token economics. The total supply of XION tokens is 200 million, with an initial circulation of 25,559,333 tokens, accounting for 12.78%, while the remaining 87.22% of tokens will be unlocked over time. Of these, ecological incentives and project incubation account for 23%; strategic investors account for 26.81%; the team accounts for 20%; protocol development and foundation account for 15%; community and Launch account for 15.19%. XION serves as a utility token with functions including: network Gas, node pledge, governance, cross-chain fee settlement, collateralization and liquidity. XION supports a new type of abstract proof (Proof-of-Abstraction) consensus mechanism that enhances security through abstraction to solve the traditional trade-off problem between security and accessibility in Proof-of-Stake.
Gas-free trading and Meta accounts, multiple innovative features empower breaking through barriers, and list the expected market value of $XION
I. Project introduction XION is a Layer 1 blockchain based on Cosmos, designed specifically for widespread consumer adoption. Its goal is to solve the obstacles of functional complexity and cultural adaptability in the Web3 ecosystem, thereby promoting the popularization of blockchain technology. Through the universal abstraction layer, XION abstracts complex encryption operations, providing developers and users with a more intuitive and simplified experience, eliminating the complexity of encryption technology, and making it easy for ordinary users to access the Web3 world. The core concept of XION is to simplify complex operations such as account management, signature processing, expense management, and cross-chain interoperability, allowing ordinary users to smoothly interact with blockchain without understanding encryption technology. XION provides innovative features such as gas-free transactions, Meta accounts, cross-device support, and fiat currency pricing, greatly reducing the threshold for new users to enter Web3. In addition, XION's deep integration with the Cosmos ecosystem allows it to seamlessly integrate with a variety of cross-chain applications, allowing users and developers to enjoy a wider range of functional support and ecosystem resources. II. Project highlights 1. Seamless User Experience and Abstract Design XION abstracts complex encryption technologies (such as account management, signatures, payments, and gas fees) through its innovative, universal abstraction layer, simplifying blockchain operations and making it easy for ordinary users to use without mastering technical details. This design reduces the learning curve of Web3 and greatly enhances the User Experience. 2. No Gas Fee and Fiat Currency Pricing XION completely eliminates the requirement for users to pay Gas fees in transactions, and uses fiat currencies such as USDC for pricing and transactions. This not only avoids the impact of cryptocurrency price fluctuations, but also allows users to operate in familiar fiat currencies, providing a more intuitive and easy-to-understand payment method. 3. Meta accounts and cross-device support Through Meta accounts and signature device abstraction, XION enables users to seamlessly switch between different devices without managing private keys or downloading dedicated wallet applications. Whether on mobile or PC, users can enjoy a consistent security and convenience experience. 4. Abstract cross-chain interoperability XION provides powerful cross-chain interoperability. Through the Cosmos IBC protocol, users can seamlessly interact between multiple blockchains without worrying about the specific technical details of each chain. This provides developers with more application scenarios and brings users a richer functional experience. 5. Global payment and cooperation ecosystem XION supports the direct purchase of on-chain goods through credit/debit cards, simplifying the cumbersome process in traditional encrypted transactions and making it more suitable for mass users. In addition, XION has established strategic partnerships with multiple well-known companies in the Web3 and Web2 fields, providing strong support and trust endorsement for its ecosystem. III. Market value expectations XION is a Layer 1 blockchain based on Cosmos, designed to promote the popularization of blockchain applications. It solves the functional complexity and cultural adaptability barriers in the Web3 ecosystem through an innovative universal abstraction layer, aiming to lower the threshold for new users to enter the blockchain world. Currently, the pre-market price of XION's Bitget is $5.70, with a total supply of 200 million coins and an initial circulation of 25,559,333 coins, accounting for 12.78%. To further evaluate the market potential of XION, we can compare it with other outstanding public chain projects in the market, such as Injective, ZetaChain, and Celestia. Benchmarking project Layer 1 blockchain optimized for DeFi applications: Injective ($INJ) Unit price: $33.38 Market capitalization: 3.271 billion USD Fully diluted market capitalization: $3.341 billion Circulation: 97,727,220 INJ Total supply: 100,000,000 INJ Maximum supply: 100,000,000 INJ 2. Full-chain smart contract platform: ZetaChain ($ZETA) Unit price: 0.94 USD Market capitalization: 546 million USD Fully diluted market cap: $1.991 billion Circulation: 576,114,583 ZETA Total supply: 2,100,000,000 ZETA 3. Modularization blockchain network: Celestia ($TIA) Unit price: $8.26 Market capitalization: 3.655 billion USD Fully diluted market cap: $8.981 billion Circulation: 439,443,172 TIA Total supply: 1,087,243,397 TIA Market value comparison and forecast The following are several scenarios in which the market value of XION may reach, as well as the predicted price of $XION calculated based on these scenarios. Benchmark Injective ($INJ) If the circulating market value of $XION reaches the Injective level, the price of $XION may rise to $128.00, which means an increase of about 2145%. Benchmarking ZetaChain ($ZETA) If the circulating market value of $XION reaches the level of ZetaChain, the price of $XION may rise to $21.37, an increase of about 275%. Benchmarking Celestia ($TIA) If the circulating market value of $XION reaches the level of Celestia, the price of $XION may rise to $143.00, an increase of about 2407%. XION's core competitiveness lies in providing users with innovative features such as gas-free transactions, fiat currency pricing, and cross-chain interoperability. Combined with the current low initial circulation, XION has the potential to compete with top projects in the future. IV. Token Economics As a utility token driving the Proof of Abstraction ecosystem, $XION has a total supply of 200,000,000 tokens, with an initial circulating supply of 25,559,333 tokens. $XION aligns the interests of network participants through the following mechanisms to achieve sustainable development of the ecosystem: Staking: Allows network participants to support cyber security by staking tokens while receiving rewards. Fees: Used to pay for transaction fees and other network functions. Governance: Empowering token holders to participate in network decision-making, including protocol updates and governance proposal voting. Cross-Chain Fee Settlement: Supports value transfer and settlement between multiple chains. Collateral & Liquidity: Used as the basis for network functionality and liquidity support. These mechanisms jointly support the decentralization and long-term stable development of the network. The distribution strategy of $XION tokens focuses on the growth and sustainability of the ecosystem, with most tokens allocated to the community, ecosystem, and protocol development. The specific distribution is as follows: Strategic Backers: 27% Used to reward early investors and strategic supporters, ensuring resource security for ecosystem construction. Ecosystem Incentives & Incubation: 23% Inspire network participants while supporting new project incubation, promoting the expansion and innovation of the ecosystem. Core Team: 20% Allocate to the core contributing team to reward their continued contributions to protocol development. Protocol & Foundation: 15% Support the long-term development, maintenance, and related foundation activities of the agreement. Community and Launch: 15% Provide funding for community activities, marketing, and project startups to increase token user coverage and Network Effect. In order to ensure cyber security, strategic supporters can stake locked tokens to participate in consensus mechanisms and support network stability. Unlike projects such as Celestia and Aptos, the staking reward of $XION will be locked, which means that the staked reward cannot be circulated or transferred for a certain period of time, further enhancing network security. At the same time, in order to maintain fairness and decentralization, the core contribution team cannot pledge locked tokens. This policy ensures that the team's influence on the token market is limited, further enhancing the stability of the token economy. V. Team and financing Team part The team is composed of founder and CEO Banksy and head of growth Prajwal Yadav. Financing component Since its establishment in 2021, the project has gone through multiple rounds of financing. May 2021 seed round, raised $3 million, backed by investors including Injective, Multicoin Capital, Mechanism Capital, Tribe Capital, Solana Foundation, and Alameda Research. In January 2022, we raised a total of $8 million in Series A financing from well-known institutions such as Animoca Brands, Multicoin Capital, Mechanism Capital, Alliance DAO, DeFiance Capital, Spartan Group, and HashKey Capital. Strategic financing in October 2023, specific amount undisclosed, exclusively invested by Circle Ventures. In addition, in the financing in April 2021, the project received $25 million in funding support from well-known institutions such as Multicoin Capital, Animoca Brands, Arrington Capital, Sfermion, Spartan Group, and Kucoin Ventures. The financing process shows that the project has attracted strong support from multiple rounds of strategic capital, laying the foundation for its development in the industry. VI. Risk Warning 1. The core innovation of XION lies in its "general abstraction layer", which aims to simplify the operation of blockchain and allow ordinary users to use it without mastering complex encryption technologies. However, the complexity of this abstraction layer itself may also bring problems in Technology Implementation. For example, there may be potential vulnerabilities in the abstraction process, especially in user data, wallet signatures, cross-chain transactions, etc. If these abstractions are not fully tested or optimized, it may lead to data leakage or asset loss. 2. XION introduced a mechanism for pricing and trading fiat currencies, with the aim of keeping users away from the volatility of the crypto market and providing a more intuitive and familiar payment experience. However, this also means that the project needs to rely on stable fiat currency payment channels (such as stablecoins like USDC). If the fiat currency market encounters volatility or related policy changes (such as strengthening stablecoin regulation), XION's pricing mechanism may face adjustments, affecting its market acceptance. VII. Official link Website：https://xion.burnt.com/ Twitter：https://x.com/burnt_xion Discord：https://discord.com/invite/burnt
XION (XION): The Future of Secure, Accessible Web3 Accounts
What is XION (XION)? XION (XION) is a layer-1 blockchain that is designed to make managing digital accounts in Web3 easier, more secure, and more flexible than ever with no wallets. What sets XION apart from other Web3 accounts is its Meta Accounts. These are highly adaptable accounts that are modular in design, meaning they can be customized to meet the needs of individual users. This flexibility allows for a wide range of uses, from digital banking and gaming to content streaming and decentralized messaging. Who Created XION (XION)? XION was created by Burnt, a company that has dedicated itself to advancing society’s financial and creative freedom through blockchain and Web3 technology. Burnt's mission is not just about creating cutting-edge digital tools but also about breaking down barriers that currently limit people’s ability to participate in the crypto space. Burnt integrates and partners with organizations that share its vision to build the tools, products, and infrastructure needed to make Web3 relevant and accessible to society. What VCs Back XION (XION)? XION has already raised over $36 million from top venture capital firms and investors in the blockchain industry. Some of these big-name backers include Animoca Brands, Circle Ventures, Multicoin, Valor, Hashkey, Spartan, Mechanism, Figment, Stateless Ventures, Coinlist Seed, Injective, Alliance DAO, and more. The project has also attracted personal investors like Sandeep Nailwal, co-founder of Polygon. How XION (XION) Works Here are XION’s main features: 1. Generalized Abstraction Layer XION’s Generalized Abstraction Layer is designed to simplify user interaction with dApps and blockchain networks. Typically, when someone wants to interact with a blockchain, they have to understand different blockchain networks, tokens, and wallets. This can be confusing for people who are new to the space. The Generalized Abstraction Layer hides the complexity of blockchain operations behind the scenes, allowing users to focus on what they want to do rather than how to do it. For example, instead of worrying about which specific blockchain a transaction is happening on, users can make transactions easily and securely without having to understand the technical details. 2. Meta Accounts One of the most revolutionary features of XION is its Meta Accounts, which is a new kind of user account that’s built to work with decentralized applications without requiring a deep understanding of blockchain technology. Meta Accounts allow users to log in with familiar methods, like email, and to use the same account across multiple devices. For those who aren’t tech experts, this means they can still access dApps without having to learn about private keys, gas fees, or wallet management. Meta Accounts are also built for security and flexibility. They support time-limited sessions and customizable account rules, which means users can set transaction limits or even recurring payments. If a user loses one of their authentication methods (like their phone or email), they can still recover their Meta Account. This makes XION’s Meta Accounts a safer and more convenient option for new users and veterans alike. 3. Signature Device Abstraction Another unique aspect of XION’s technology is Signature Device Abstraction. Traditionally, when users interact with a blockchain, they need to sign transactions with private keys—a complex process that can be intimidating for beginners. Signature Device Abstraction allows users to sign transactions securely without worrying about managing these private keys. Instead, this feature lets users sign in and interact with Web3 apps through more familiar methods. Users can interact across devices, which makes it easier for people to use Web3 on their phone, tablet, or computer without having to manage multiple private keys or wallets. 4. Parameterized Fee Layer The Parameterized Fee Layer is a feature that makes paying transaction fees simpler and more flexible. Usually, each blockchain transaction requires a fee, often paid in that network’s native cryptocurrency (like ETH on Ethereum or MATIC on Polygon). This can be challenging for new users who don’t have these tokens handy. With XION’s Parameterized Fee Layer, developers can create applications where users can pay fees using different tokens, or even no fees at all in some cases (called "gasless transactions"). For example, if someone is using a decentralized messaging app built on XION, they could send a message without needing to own a specific token for transaction fees. This system makes it easier and more affordable for new users to get started with Web3 apps. 5. Abstracted Interoperability Abstracted Interoperability is another core feature of XION. One of the current limitations in Web3 is that different blockchains often operate independently, and users can’t easily interact with multiple networks in one place. XION addresses this issue by making it possible for users to interact across multiple chains seamlessly. For example, a user could send assets or data between different blockchains without needing separate accounts or wallets for each one. This interoperability makes XION’s technology incredibly flexible and practical, allowing users to participate in various blockchain ecosystems without being limited by a single network. Abstracted Interoperability means that whether users are playing a game, accessing a social media app, or transferring assets, they won’t have to worry about switching networks or managing multiple wallets. XION Goes Live on Bitget XION’s innovative approach to account management, transaction processing, and blockchain interoperability could make it much easier for everyday people to use Web3 applications. By simplifying complicated processes and adding familiar login and transaction methods, XION could help make Web3 applications feel as user-friendly as today’s most popular apps. With XION, developers don’t have to choose between crypto-native and non-crypto-native audiences—they can design dApps that appeal to both, helping to grow the Web3 community. With backing from major investors and partnerships with industry leaders, XION has a strong foundation to fulfill its mission of making Web3 accessible and usable for everyone. We are thrilled to announce that XION (XION) will be listed in the Innovation and Layer1 Zone. Check out the details below: Trading Available: 5 December 2024, 10:00 (UTC) Trading Link: XION/USDT Activity 1: Launchpool — Lock BGB, XION and INJ to share 330,000 XION Locking period: 5 December 2024, 10:00 – 10 December 2024, 10:00 (UTC) Campaign Pool details: Total XION Campaign Pool: 330,000 XION ● BGB Pool: 282,000 XION ● XION Pool: 24,000 XION ● INJ Pool: 24,000 XION Lock Now Activity 2: CandyBomb – Trade to get XION airdrop Promotion period: 5 December 2024, 10:00 – 12 December 2024, 10:00 (UTC) Promotion details: Total XION airdrop: 38,000 XION ● Spot trading pool: 19,000 XION ● Futures trading pool (new futures user only): 19,000 XION CandyBomb Activity 3: BGB Holders Celebration: 2,000 XION Reserved for You! Campaign Date: 5 December 2024, 10:00 – 12 December 2024, 10:00 (UTC) How to participate: ● Hold over 100 BGB ● Join the BGB Holders Group Bonus: 100 qualified users will be randomly selected to equally share the campaign pool! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
Join Bitget x XION Community Campaign Now to Win Your Share of $5,000 XION!
Bitget announced that XION is listing on Bitget! In order to show our warm welcome, we have set aside a reward pool of $5,000 for our special new joins during this period. Participate in the event and join Bitget now to receive your exclusive token airdrop. So, what are you waiting for? Join today! Campaign Period: 5th December, 10:00 – 12th December, 10:00 (UTC) Complete 3 tasks below and win $10-$20 XION airdrop: Sign up, download Bitget APP and complete KYC Join both Bitget Discord and BGB Holders Group Complete an XION/USDT spot trade of any amount Terms and conditions: The campaign is only open for new Bitget APP users who have registered and downloaded through the specified link and not open for affiliates. Users must register before downloading. Rewards are limited to 300 winners and will be distributed according to the rule of first come first serve. Campaign rewards can not be received at the same time as other platform campaigns. Rewards will be distributed within 7 working days after the campaign completion. Any mischievous behavior is strictly prohibited. Bitget has the right to revoke the participants' right to receive rewards. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Bitget will launch the Launchpool project XION, lock BGB, XION or INJ to earn 330,000 XION
ChainCatcher News, Bitget is about to launch the Launchpool project XION (XION), with a total prize pool of 330,000 XION. The lock-up period will be open from December 5th at 18:00 to December 10th at 18:00 (UTC+8). This round of Launchpool opens three lock-up pools, details are as follows: BGB Lock-Up Pool Maximum pledge for ordinary users: 10,000 BGB Maximum pledge for VIP users: 50,000 BGB Total Prize Pool: 282,000 XION XION Lock-Up Pool Pledge limit: 200,000 XION Total Prize Pool:24,000 XION INJ Lock-Up Pool Pledge limit :16,667 INJ Total Prize Pool :24 ,000 XIO
XION (XION) to be listed on Bitget Launchpool — lock BGB, XION and INJ to share 330,000 XION!
Bitget Launchpool will be listing XION (XION) . Eligible users can lock BGB, XION and INJ to share 330,000 XION. Locking period: 5 December 2024, 10:00 – 10 December 2024, 10:00 (UTC) Lock Now Project details • Token name: XION (XION) • Total supply: 200,000,000 XION • Launchpool allocation: 330,000 XION • About the project: XION is the first walletless L1 blockchain purpose built for consumer adoption through chain abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more. XION empowers developers to build secure, intuitive, and seamless user experiences. Locking pool 1: Total XION Campaign Pool 282,000 XION Maximum BGB locking limit for VIP1-VIP7 50,000 BGB Maximum BGB locking limit for VIP0 10,000 BGB Minimum BGB locking limit 5 BGB BGB pool airdrop per user = user's locked BGB ÷ total locked BGB of all eligible participants × corresponding pool. Locking pool 2: Total XION Campaign Pool 24,000 XION Maximum XION locking limit 200,000 XION Minimum XION locking limit 2 XION XION pool airdrop per user = user's locked XION ÷ total locked XION of all eligible participants × corresponding pool. Locking pool 3: Total XION Campaign Pool 24,000 XION Maximum INJ locking limit 16,667 INJ Minimum INJ locking limit 0.2 INJ INJ pool airdrop per user = user's locked INJ ÷ total locked INJ of all eligible participants × corresponding pool. Notes: 1. Token airdrop from Launchpool locking pools will be distributed hourly to participants based on their locked volume. 2. Bitget will take hourly snapshots of each participant's locked volume and distribute airdrop accordingly. 3. Airdrop will be distributed hourly. When a user locks at hour H, the locked volume is calculated at hour H+1, and airdrop is distributed at hour H+2. For example, if a user locks at 10:46 AM, the locked volume is confirmed at 11:00 AM, and airdrop is distributed at 12:00 PM. 4. The APR of each locking pool is calculated separately. 5. Users can unlock their locked tokens from the locking pool at any time. 6. Locked assets will be automatically returned to the user's spot account after the locking period ends. Terms and conditions 1. Users must complete identity verification to participate in the promotion. 2. All participants must strictly comply with Bitget's terms and conditions. 3. Sub-accounts, institutional accounts, and market maker accounts are not eligible for the promotion. 4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their rewards if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim rewards), or other violations are found. 5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion. 6. Bitget reserves the right of final interpretation of the promotion. Contact customer service if you have any questions. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Budget Now >>> Follow us on Twitter >>> Join our Community >>>
[Initial Listing] Bitget Will List XION (XION). Come and grab a share of 368,000 XION!
We are thrilled to announce that XION (XION) will be listed in the Innovation and Layer1 Zone. Check out the details below: Deposit Available: Opened Trading Available: 5 December 2024, 10:00 (UTC) Withdrawal Available: 6 December 2024, 11:00 (UTC) Spot Trading Link: XION/USDT Activity 1: Launchpool — Lock BGB, XION and INJ to share 330,000 XION Locking period: 5 December 2024, 10:00 – 10 December 2024, 10:00 (UTC) Lock Now Total XION Campaign Pool 330,000 XION BGB Campaign Pool 282,000 XION XION Campaign Pool 24,000 XION INJ Campaign Pool 24,000 XION Activity 2: CandyBomb – Trade to get XION airdrop Promotion period: 5 December 2024, 10:00 – 12 December 2024, 10:00 (UTC) CandyBomb Promotion details: Total XION airdrop 38,000 XION Spot trading pool 19,000 XION Futures trading pool*new futures user only 19,000 XION How to participate: 1. Go to the CandyBomb page and use the Join button. 2. Bitget will start calculating your valid activity data upon successful join. 3. You will get candies based on your XION spot trading and futures trading volumes. Activity 3: BGB Holders Celebration: 2,000 XION Reserved for You! Campaign Date： 5 December 2024, 10:00 – 12 December 2024, 10:00 (UTC) How to participate: Hold over 100 BGB Join the BGB Holders Group 🎁 Bonus: 100 qualified users will be randomly selected to equally share the campaign pool! Introduction XION is the first walletless L1 blockchain purpose built for consumer adoption through chain abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more. XION empowers developers to build secure, intuitive, and seamless user experiences. Website | X | Discord | Explorer How to Buy XION on Bitget XION to FIAT Calculator Fee Schedule Price & Market Data 7-Days Limited-time Buy Crypto Offer: Buy XION with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, TRY, THB, BRL, PLN, IDR and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Kaito launches XION Yapper leaderboard, XION is about to conduct TGE
On November 29, Kaito launched the Yapper leaderboard for XION. The leaderboard publicly displays the supporters who have contributed the most to XION's popularity and is open for free access. Users can also view AI analysis tags of all ranked accounts. In addition, XION is about to undergo a TGE (Token Generation Event). It is reported that XION is a Layer 1 blockchain designed specifically for consumer applications, providing daily users with a tailored seamless user experience. Through its innovative Chain Abstraction infrastructure, XION simplifies complex crypto interactions and provides protocol-level account abstraction, gasless transactions, signature abstraction, cross-device usage, statutory pricing functions and more.
XION BELIEVATHON Launch: $40,000+ Prize Pool, Million-Dollar Support Program, and Backing from Organizations such as Multicoin, Figment, Animoca
Source: XION Participate in the online entrepreneurship competition held from November 21 to December 15, build innovative consumer applications on XION, have the opportunity to win a portion of the $40,000 prize pool, receive million-dollar follow-up funding, and engage in direct conversations with top-tier investment institutions such as Multicoin, Figment, Animoca, and Spartan. Web3 is at the forefront of rapid transformation, and innovation never waits. Web3 requires not only technology but also belief and groundbreaking thinking. From November 21 to December 15, the BELIEVATHON kicks off! This is a three-week, fast-paced online entrepreneurial competition that combines technology, creativity, and vision, offering millions of dollars in funding support, the opportunity to engage with top investors directly, and a stage to lead the next wave of Web3 innovation. This event is tailored for entrepreneurs who want to turn their business ideas into reality, giving participants the opportunity to join XION's upcoming incubation program and receive more ecosystem support. BELIEVATHON will drive the next generation of user-friendly Web3 projects, launch innovative products through XION's abstract tech stack, and lead the future of Web3. Key Highlights 1· Prize Pool of Over $40,000: Win your entrepreneurship prize! 2· Over $1,000,000 in Follow-up Funding: Top venture capital firms such as Multicoin, Figment, Animoca, Outlier Ventures, and others will serve as judges, and outstanding teams will have the opportunity to directly enter XION's upcoming accelerator program. 3· Four Main Competition Units: · Faith (Pyramid of Faith): Engage in a technical challenge around the humorous theme of a "Ponzi Scheme." · Confession: Focuses on Zero Knowledge Proof (ZK) and privacy technology. · Esoterism: Covers consumer applications, social, payments, and creative fields. · Communion: Explores abstract interoperability solutions. The main goals of this Believathon competition are threefold: 1. To provide an opportunity for dedicated teams and individuals to turn their business ideas into reality, compete with other top developers, vie for eligibility to join XION's upcoming ACCELERAXION Accelerator program, and receive more ecosystem support. 2. To showcase how XION's unique Chain Abstraction infrastructure truly reaches mainstream users and drives the widespread adoption of Web3 technology. 3. To continuously expand and incentivize XION's rapidly growing developer community by providing a seamless developer experience and attracting developers from within and outside the industry to build innovative applications. About XION XION is the first Layer 1 blockchain designed for consumer applications, aiming to provide a seamless user experience for everyday users. Its testnet has attracted over 4 million users and achieved over 200 integrations. Through its unique Chain Abstraction infrastructure, XION vastly simplifies the complex crypto user experience, offering a range of features such as protocol-level account abstraction, 0 Gas fee transactions, signature abstraction, cross-device usability, and fiat valuation. By eliminating the barriers of traditional blockchain complexity, XION paves the way for the next generation of Web3 projects, enabling decentralized technology to reach global mainstream users. XION is betting on the future of Web3 by empowering developers dedicated to changing the status quo, providing them with tools, support, and infrastructure to help build user-friendly applications. XION ensures that today's developers can lead Web3 into the next chapter. How to Participate in Belieathon Register for the hackathon and learn more details: Click Here. Whether you are a developer, founder, or an innovative dreamer, BELIEVATHON will be your opportunity to take the plunge! To learn more about the XION information guide, please visit here, and follow @burnt_xion on X as well as join Discord. This article is from a submission and does not represent the views of BlockBeats
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