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2024XDC Network USD XDC-USD Stock Price, News, Quote & History
After the token’s launch on Jan 29, 2018, on the Ethereum platform, over 4,564 wallets have acquired XDCE, with a recorded total of 147,181 successful token transactions to date. XinFin Network (XDCE) is a cryptocurrency token built on top of Ethereum platform, launched in January 2018. Wealth distribution is an important factor to consider when researching a cryptocurrency. It refers to the percentage of the total supply of the cryptocurrency held by the top wallet addresses.
XDCE has a circulating supply of 12.31B coins and a max supply of XDCE. XinFin is a Blockchain technology company focused on international trade and finance. We have developed a highly scalable, secure, permissioned and commercial grade Blockchain architecture. With an aim to bridge the global infrastructural deficit with their open source marketing platform – TradeFinex, XinFin has created a seamless platform for financiers, suppliers and beneficiaries across industries worldwide. The primary goal of XinFin is efficiently facilitate capital deployment and minimize pressure on the infrastructural deficit by enabling a peer to peer trade and financing between governments, corporates, communities and suppliers.
What is XDC Network?
Additional contributions of note include those of SBI Holdings, which entered into a joint venture with TradeFinex to expand XDC Network use cases in global economic activities, particularly in trade finance and cross-border payments. Kakkad and Khekade set out to build an enterprise-ready blockchain uniquely suited to liquifying global trade finance. With that overarching goal in mind, they joined forces with André Casterman, who, after spending 20+ years at SWIFT, now serves in a prominent leadership role for the XDC Network and drives innovation by shepherding various network use cases across traditional finance. Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin. Analyzing Reddit stats can provide valuable insights into the community’s sentiment and engagement with a particular cryptocurrency.
XDC NetworkXDCE
Currently, 323.73M of XDCE were traded within 24 hours of time. In other words, $17.52M have changed hands within the past 24 hours through trading. XinFin and XinPay are the leading network developments, both live. XinFin’s digital asset is XDC, a governance token used to empower holders to vote on important network decisions. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals xdce price and risk tolerance. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily XinFin Network price chart.
The XDC Network is a blockchain developed to support trade finance and the tokenization of RWAs. A highly optimized, EVM-compatible Layer 1 blockchain, XDC Network reaches consensus through a delegated proof-of-stake (dPoS) mechanism, which allows for a transaction time of mere seconds, near zero gas fees, and a high number of transactions per second (TPS). Various teams supporting and utilizing the XDC Network posit that trade finance is the definitive use case for blockchain technology and that public blockchain networks, like the XDC Network, are the vehicle for industry transformation. As of Nov 18, XinFin Network has a market capitalization of $510.4 Million and is ranked #131 among all cryptocurrencies. This calculation is based on the circulating supply of XinFin Network.
market data
- With that overarching goal in mind, they joined forces with André Casterman, who, after spending 20+ years at SWIFT, now serves in a prominent leadership role for the XDC Network and drives innovation by shepherding various network use cases across traditional finance.
- It refers to the percentage of the total supply of the cryptocurrency held by the top wallet addresses.
- With an aim to bridge the global infrastructural deficit with their open source marketing platform – TradeFinex, XinFin has created a seamless platform for financiers, suppliers and beneficiaries across industries worldwide.
Going forward, XDC Network is positioned to support a suite of RWA products that will make trade finance assets widely accessible to capital markets while enabling finance-starved MSMEs to access the financing they need. Notably, XDC Network was the first and only blockchain invited to join the Trade Finance Distribution Initiative (TFDi), a consortium of the world’s leading banks and non-bank financial institutions established to bridge the $5 trillion trade finance gap. It was also invited to join the ITFA’s Digital Negotiable Instruments Initiative (DNI). Tradeteq was responsible for the world’s first trade finance-based non-fungible token (NFT) issuance on the XDC Network in late 2021.
In 2023, through the efforts of Tradeteq and Securitize, the XDC Network rolled out its first compliant U.S. Treasury token, USTY, representing blockchain-based versions of shares in a U.S. XinFin, a Singapore-based fintech company providing enterprise-grade blockchain solutions for international trade and finance, was established in 2017 by Ritesh Kakkad and Atul Khekade. Secure, scalable, and highly efficient, the XDC Network powers a wide range of novel blockchain use cases and provides state-of-the-art infrastructure for enterprise-grade blockchain applications.
The live XDC Network price today is $0.05 with a 24-hour trading volume of $17.52M. The table above accurately updates our XDCE price in real time. The price of XDCE is % since last hour, % since yesterday. The live market cap, measured by multiplying the number of coins by the current price is .
What Makes XinFin Different From Other Decentralized Networks?
They use blockchain and IoT to enable the transaction of community driven digital asset. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 920 exchanges. XinFin is a hybrid decentralized finance (DeFi) platform, built to advance global finance and trade through blockchain technology. With $13B in tokenized assets, strong institutional partnerships, and a clear first-mover advantage in the RWA space. The platform’s methodical approach to regulatory compliance, coupled with its hybrid public-private architecture, positions it uniquely to capture significant market share in the emerging tokenization landscape. While current fee generation primarily stems from metadata transactions, the planned launch of Figure Markets, major exchange listings, and comprehensive market-making initiatives in 2025 could serve as powerful catalysts for growth.
As of April 25, 2024, there are 312 XDC Network validator masternode candidates, of which 108 actively operate as validator masternodes, and the remainder are standby masternodes. Each masternode operator is required to stake 10M XDC.