XFUEL™ is our development token and the first token on the XTRABYTES™ blockchain. As such, it serves as a way to fund XTRABYTES™, encourage project participation and serve as a proof of concept for the PoSign consensus algorithm by running on a lite version of PoSign which doesn't require miners to secure the chain. As a monetary incentive, XFUEL™ enables the project to pay participants for their time and efforts. Without XFUEL™, it would have been impossible to start and build out the XTRABYTES™ project. XTRABYTES™ did not conduct an ICO, meaning there was no ICO funding available to compensate project contributors. Development would have been incremental at best.
It differs to XBY as XBY is the native currency and the protocol coin for the XTRABYTES™ platform. XBY has been completely distributed and can not be mined or staked. As with any other cryptocurrency, XBY can be used to purchase goods and services. In addition, XBY is required to secure STATIC nodes on the XTRABYTES™ network. The total supply of XBY is 650 million, its circulating supply is dynamic and will consist of those XBY coins not locked into STATIC nodes.
What is the highest value XFUEL (XFUEL) has ever reached?
XFUEL (XFUEL) reached its peak price at 0.01589 $ on 03 May 2021, approximately 4 years ago ago. Presently, the current price is -93.06% lower than this all-time high.
What is the historical minimum price for XFUEL (XFUEL)?
The minimum price reached for XFUEL (XFUEL) was 0.0001599 $, documented on 21 November 2022, more than 3 years ago. In comparison, the current price is 588.66%, it above this historical low.
What is the fully diluted valuation of XFUEL (XFUEL)?
The fully diluted valuation (FDV) of XFUEL (XFUEL) stands at $ 716,124. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of XFUEL tokens. The realization of this FDV might take several years depending on the emission schedule of XFUEL tokens.