XT.COM, the world’s first socially infused trading platform, continues to expand its offerings by listing the XIN (Mixin) token, a pivotal component of the Mixin Network ecosystem. The XIN/USDT trading pair has been made available in the platform’s Innovation zone (Layer 2), effective from 2024-03-22 11:00 (UTC).
XIN, an ERC-20 token deployed on the Ethereum Layer-1 blockchain with a maximum supply of 1 million tokens, represents a unique blend of functionality and utility within the digital asset landscape. As an integral part of the Mixin Network, XIN facilitates various operations, including full node collateral, DApp creation, and API calls.
To participate as a full node operator, individuals are required to pledge a minimum of 13,439 XIN tokens, thereby establishing initial trust within the network. Beyond its role as a medium of exchange, XIN embodies versatility and utility, underpinning critical operations such as decentralized application (DApp) creation and API calls. The creation of DApps within the Mixin ecosystem incurs a one-time cost in XIN, with the amount determined by the resources utilized. API calls made by DApps necessitate XIN fees, providing a sustainable mechanism for network maintenance and development.
Albin Warin, CEO of XT.COM, commented on the listing of the XIN token, stating, ‘The addition of XIN to our exchange further underscores our commitment to supporting innovative projects within the blockchain ecosystem. Mixin’s groundbreaking approach to peer-to-peer transactional networks aligns perfectly with our vision of fostering technological innovation and financial inclusion.’
Mixin represents a revolutionary approach to peer-to-peer transactional networks for digital assets. At its core lies the Mixin Kernel, a high-performance distributed ledger designed to verify asset transactions seamlessly. Mixin fosters a decentralized ecosystem that transcends traditional gateway-based solutions.
The Mixin Network architecture comprises Mixin Kernel nodes, Light Witness, and TEE. This unique topology ensures a decentralized yet efficient transactional network, eliminating concerns of central control. Security is paramount within the Mixin ecosystem, facilitated by innovative mechanisms such as asynchronous Byzantine fault tolerance and punitive proof-of-stake consensus.
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