Xeno Token

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Discover Xeno Token'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 Xeno Token?

Xeno Token (XNO) is a cryptocurrency primarily used for creating and trading Non-Fungible Tokens (NFTs) within the Xeno ecosystem, which is a decentralized marketplace and incubator for ventures utilizing Web3 DAO tools, artificial intelligence services, and global SaaS platforms.

How is Xeno Token used?

Xeno Token (XNO) is primarily used for creating and trading Non-Fungible Tokens (NFTs) within the Xeno Holdings ecosystem. Additionally, it is used for transactions within the platform, which is designed to facilitate the creation and trading of NFTs in a secure and decentralized manner.

How do I store Xeno Token?

To store Xeno Token (XNO) tokens, you can use a non-custodial multi-coin wallet like COINS, which allows you to securely store Xeno Token and over 2000 other crypto assets on your mobile device.

How to buy Xeno Token?

To buy Xeno Token (XNO) tokens, follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports XNO trading. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. Ensure the wallet is suitable for your trading preferences and accepts your payment method.

  2. Set up Your Wallet: Create an account, provide personal information, and set a strong password. Note down the Secret Recovery Phrase or Seed Words carefully for future reference.

  3. Buy a Base Currency: Purchase a widely traded cryptocurrency like Bitcoin, Ethereum, or Tether (USDT) from a centralized exchange (CEX) or a financial service platform. This base currency will be used to trade for XNO.

  1. Transfer Funds to Your Wallet: Withdraw the base currency to your crypto wallet. Log into your exchange account, provide your wallet address, and specify the transfer amount. Wait for the funds to appear in your wallet.

  2. Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet and XNO trading. Ensure the DEX has sufficient liquidity for the trading pair. Examples of DEXs include Pancake Swap and 1inch.

  3. Buy Xeno Token (XNO): Connect your wallet to the DEX and select XNO as the coin to buy. Enter the amount you want to trade and complete the transaction. If XNO is not listed, find its Smart Contract address using tools like Etherscan and paste it into the DEX.

  1. Store Your XNO: Once you have purchased XNO, store it securely in your wallet. You can hold it with the expectation of its value increasing or use it for trading and other purposes within the Xeno ecosystem.

Remember to research and understand the fees, market trends, and tax implications associated with buying and holding XNO.

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History of Xeno Token

Xeno Token (XNO) is a cryptocurrency from Xeno Holdings, an investment company based in Hong Kong. Xeno Holdings is an incubator for ventures that use Web3 DAO tools, artificial intelligence services, and global SaaS platforms. Additionally, Xeno is a marketplace designed to create and trade NFTs.

XNO token is primarily used for NFT creation and trading and for transactions within Xeno Holdings. The token was founded by Pranav Ahuja, who serves as its CEO.

Historical prices for Xeno Token can be found on various platforms such as CoinCarp, which provides daily, weekly, or monthly price data since its issuance. BitDegree also offers real-time price charts and market capitalization data based on blockchain data.

CoinMarketCap provides historical data on Xeno Token's price, which currently stands at $0.0001779 USD with a 24-hour trading volume of $42,203.17 USD. Ethplorer offers additional information on the token, including its price, ERC20 history, and chart data.

Xeno Token is available for trading through Coinbase Wallet, although it is not listed on the Coinbase Exchange. The token's price has fluctuated, with a recent increase of 4.28% over the past seven days and a current price of $0.000073 per XNO, which is 99.99% below its all-time high of $1.14.

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How Xeno Token works

Xeno Token (XNO) is a token that operates on the Ethereum platform and plays a crucial role in the XENO ecosystem. It serves three main purposes within the XENO parachain:

  1. Staking: XNO tokens are staked by validators to support and secure the XENO network. This process helps maintain the integrity and stability of the network.

  2. Network Fees: XNO is the base currency used to pay transaction fees on the XENO network. This ensures that all transactions are processed efficiently and securely.

  3. Governance: XNO tokens are used to vote for governance policymaking referendums. Token holders can participate in the policymaking process, with their voting power directly proportional to the number of XNO tokens they hold.

In addition to these core functions, XNO tokens are also used in various other ways within the XENO ecosystem:

  • Trading: XNO is the primary fungible counter currency for all trades on the XENO NFT Hub Marketplace, facilitating the buying and selling of digital assets.

  • Application Fees: All fees for the XENO NFT Hub application, including trade fees, auction fees, and listing fees, are paid with XNO.

  • Rewards: Any system rewards distributed to users are denominated in XNO.

  • Membership: XNO token holders enjoy additional rights and privileges within the ecosystem, such as participating in special item auctions, paying reduced application fees, and receiving increased listing exposure.

Overall, XNO tokens are essential for the smooth operation and governance of the XENO ecosystem, providing utility and value to users and stakeholders alike.

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Xeno Token's strengths

Xeno Token (XNO) has several strengths that contribute to its potential success and value appreciation:

  1. Optimistic Long-term Price Forecast: Analysis suggests that Xeno Token's long-term price forecast is highly optimistic, indicating significant value appreciation in the future.

  2. Diverse Ecosystem: Xeno Holdings, the company behind XNO, is an incubator for ventures that use Web3 DAO tools, artificial intelligence services, and global SaaS platforms. Additionally, Xeno is a marketplace designed to create and trade NFTs, providing a diverse range of services.

  3. Key Role in Governance and Transactions: The XNO token plays a crucial role in the platform's ecosystem as it serves as the primary token of trade, enabling users to pay fees and vote for governance.

  1. Strong Market Presence: Xeno Token has a significant market presence, with a live price chart and real-time market cap data available on various platforms.

  2. Decentralized and Secure NFT Marketplace: Xeno Token is part of a marketplace that allows for the creation and trading of NFTs in a secure and decentralized manner, which can attract users interested in NFTs and decentralized marketplaces.

These strengths position Xeno Token for potential growth and adoption in the cryptocurrency market.

Xeno Token's risks

Xeno Token (XNO) is considered a high-risk investment due to its significant volatility. It should only be considered by investors who have a high tolerance for risk, are already in a strong financial position, and can afford potential losses.

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Did Xeno Token raise funds?

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Xeno Token’s team

  • Dr. Alan Miller: President of Xeno Token.
  • Kate Wilson: Head of PR at Xeno Holdings Limited.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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