XION is the first L1 purpose-built for mainstream adoption.
**What is XION?**
XION is a blockchain built for everyone, everywhere through chain abstraction. Utilizing its Generalized Abstraction layer, XION distinguishes itself by integrating complex blockchain functionalities, such as accounts, signatures, and interoperability, directly at the protocol level. This approach allows for engagement with blockchain applications without needing to understand the underlying technologies. XION is the native utility token that is used for:
- Network Usage Fees: Transactions on the XION network incur fees, which are used innovatively to offset the minting of new tokens. This mechanism means that as network usage increases, the offsetting of fees could lead to a deflationary token model.
- Proof of Stake Security: As a proof-of-stake network, XION relies on validators to maintain its integrity. $XION token holders can delegate their tokens to validators or stake their tokens to run their own validator nodes. In addition, instead of calculating inflation against all tokens, the XION network calculates against only staked tokens. This vastly reduces the token’s overall inflation, leading to much more sustainable economics of the network.
- Governance: $XION token holders can actively participate in network governance by proposing and voting on proposals.
- Medium of Exchange & Collateral: $XION can be utilized as native liquidity and collateral within the ecosystem. It can also facilitate peer-to-peer transactions across applications and accounts within the XION ecosystem.
**What makes XION unique?**
Generalized Abstraction Layer: XION's foundational feature is its Generalized Abstraction layer, designed to simplify blockchain technology's complexities. This innovation aims to address the primary challenges that have prevented widespread blockchain adoption, providing a comprehensive solution for users and developers.
Meta Accounts: A distinctive element of XION, Meta Accounts, abstracts the traditional key model, enabling varied authentication methods. This feature facilitates a user-friendly transition from traditional web experiences to blockchain-based applications.
Signature and Device Abstraction: Through a signature-agnostic approach, XION accommodates transactions authenticated via common methods like email and biometrics. This inclusivity extends to device usage, ensuring seamless interactions across multiple platforms, thereby boosting security and user accessibility.
Parameterized Fee Layer: XION introduces a parameterized fee system that abstracts fees, enhancing user convenience. Furthermore, this system supports transactions denominated in stablecoins, such as USDC, enabling familiar pricing and stability.
Abstracted Interoperability: Focusing on interoperability, XION ensures that its Meta Accounts are compatible across diverse blockchain ecosystems. This feature enhances the user experience by facilitating effortless cross-chain interactions through chain abstraction.
**Who are the founders of XION?**
Burnt is the research and development company that first began contributing to XION blockchain.
Burnt Banksy, the founder, purchased a painting by the internationally famous artist Banksy, incinerated it, and then created an authenticated 1 of 1 NFT representation, selling it for more than the original physical artwork. His actions demonstrated the concept of digital scarcity on the world stage, making NFT community history and receiving universal acclaim in the process. The story was covered by leading publications including Bloomberg, CoinDesk, GQ, CoinTelegraph, BBC, CBS, HYPEBEAST, Art.Net, TechCrunch, and many others. He is often cited as one of the catalysts for NFTs as well as being cited in the wikipedia for the word NFT.
**How is XION secured?**
XION operates on a Tendermint-based proof-of-stake (PoS) consensus mechanism. Prominent validators help to secure the network while making it more decentralized as well.
XION is backed by industry leaders such as Animoca, Circle, Multicoin, Arrington, Spartan, Draper Dragon, Hashkey, GoldenTree, Mechanism, Morningstar Ventures, Figment, Play Ventures, Valor, Sfermion, Kucoin Ventures, MH Ventures, Laser Digital (Nomura) and more.
Where is XION available for purchase?
You can exchange XION tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading XION is HTX, notably the XION/USDT pair, which saw a trading volume of $ 4,96 MLN. in the past day. Additionally, LBank and DigiFinex are popular alternatives for trading tokens.
What is the highest value XION (XION) has ever reached?
XION (XION) reached its peak price at 6.83 $ on 08 December 2024, approximately 9 months ago ago. Presently, the current price is -86.09% lower than this all-time high.
What is the historical minimum price for XION (XION)?
The minimum price reached for XION (XION) was 0.7968 $, documented on 12 March 2025, more than 6 months ago. In comparison, the current price is 19.22%, it above this historical low.
What is the fully diluted valuation of XION (XION)?
The fully diluted valuation (FDV) of XION (XION) stands at $ 179,81 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of XION tokens. The realization of this FDV might take several years depending on the emission schedule of XION tokens.
How to add XION (XION) to MetaMask?
By integrating XION (XION) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import XION as a token. You can either manually import XION by copying its contract address (0x24d7ad9402717f429a81925fe7643b78918eda8b) or use MetaMask's Chrome extension to add XION with a single click through P.CASH.
How to add XION (XION) to TrustWallet?
Incorporating XION (XION) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include XION, you can either manually import it using the contract address (0x24d7ad9402717f429a81925fe7643b78918eda8b) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
IMPORTANT DISCLAIMER:
The information presented on our website and associated platforms is sourced from third parties and is intended for general informational purposes only. We do not guarantee the accuracy or timeliness of this content. None of the information provided should be construed as financial, legal, or other professional advice tailored to your specific needs. Your use of this content is at your own discretion and risk. It's important to independently research, evaluate, and verify the information before relying on it. Trading carries significant risks, so it's advisable to consult with a financial advisor before making any decisions. Our content is not intended to solicit or offer any services.