XDC Network

About XDC Network

XDC Network is a next-generation, hybrid blockchain platform that aims to provide fast, secure, and efficient solutions for businesses and institutions across various industries, including finance, trade, supply chain, and more. It is based on the Ethereum codebase and combines the best features of both public and private blockchains to offer a highly scalable and interoperable ecosystem.

The XDC Network also has its native digital asset, the XDC token, which serves as the fuel for transactions and other network activities. With a focus on enterprise adoption and global accessibility, the XDC Network aims to bridge the gap between traditional and blockchain-based systems and facilitate the mass adoption of decentralized technologies.

About $XDC token

The XDC token is the native digital asset of the XDC Network, a hybrid blockchain platform designed for enterprise use cases. The XDC token serves as the fuel for transactions and other activities on the XDC Network, and it is used to pay for network fees, such as gas fees, and to incentivize network participants for contributing to the network. The XDC token is an ERC-20 token, which means it is based on the Ethereum codebase and can be stored in any Ethereum wallet that supports ERC-20 tokens.

In addition to its utility within the XDC Network, the XDC token is also listed on various cryptocurrency exchanges, where it can be traded for other cryptocurrencies or fiat currencies. As the XDC Network continues to grow and gain adoption across various industries, the demand for the XDC token may increase, potentially leading to appreciation in its value.

How to buy $XDC with a payment card

1. Enter the amount of $XDC and fiat currency that you wish to purchase.

2. Verify your phone and email.

3. Enter or create $XDC wallet

You are given the option to enter your $XDC wallet address or create one using the Swipelux widget.

4. Pass KYC flow

This verification process helps protect you from fraud and other malicious activities.

5. You're now ready to buy $XDC with a credit and debit card.

$XDC analytics

1. Market Position and Adoption: XDC Network is a hybrid blockchain platform that aims to provide fast, secure, and efficient solutions for businesses and institutions across various industries. The XDC Network also has its native digital asset, the XDC token, which serves as the fuel for transactions and other network activities. As of March 2023, the XDC token is ranked #91 among cryptocurrencies on CoinGecko, with a market capitalization of $409,179,148. XDC has also been listed on several major cryptocurrency exchanges, including Binance, KuCoin, and Bitrue, making it easily accessible to traders and investors.

2. Technology and Platform: XDC Network is based on the Ethereum codebase and is designed to be highly scalable and interoperable. The XDC Network combines the best features of both public and private blockchains to offer a hybrid blockchain solution that can meet the needs of various use cases, including finance, trade, and supply chain. The XDC Network uses a consensus mechanism called XinFin Delegated Proof of Stake (XDPOS), which enables fast and secure transactions while maintaining decentralization. The XDC Network also supports smart contracts, which are self-executing contracts that allow developers to create custom business logic on the blockchain.

3. Team: XDC Network is developed and maintained by a team of experienced professionals in blockchain technology, finance, and business. The core team includes founder and CEO Atul Khekade, co-founder and COO Ritesh Kakkad, and CTO Karan Bharadwaj, among others. The team has a track record of developing and deploying blockchain solutions for various industries and has received recognition for its contributions to the blockchain ecosystem.

4. Competition: The XDC Network operates in a competitive market with various blockchain platforms that offer similar features and capabilities. Some of the notable competitors of XDC Network include Ethereum, Binance Smart Chain, and Polygon. While these platforms offer similar features and capabilities, XDC Network aims to differentiate itself by focusing on enterprise adoption and offering tailored solutions for specific industries, such as trade finance and supply chain management.

5. Supply: As of March 2023, the circulating supply of XDC tokens is 13,820,191,976 out of a total supply of 37,705,012,699. The XDC token has no maximum supply limit, which means that new tokens can be minted as needed to meet the demands of the network. The XDC token is also deflationary, as a portion of the network fees collected in XDC tokens are burned, reducing the total supply over time. This deflationary mechanism may potentially increase the value of the XDC token over time if demand for the token remains stable or increases.

$XDC risks

1. Regulatory risks: The cryptocurrency industry is highly regulated, and any changes to laws or regulations could impact the adoption and value of XDC token.

2. Competition: XDC Network faces stiff competition from other blockchain platforms offering similar features, such as Ethereum, Binance Smart Chain, and Polygon. If these platforms continue to gain popularity, it could impact the demand for XDC token.

3. Liquidity risks: XDC token is listed on a limited number of exchanges, which could impact its liquidity. If there is a lack of buyers and sellers, it could impact the price and trading volume of XDC token.

4. Technology risks: While XDC Network's technology is promising, it is still in its early stages of development. There is a risk that technical issues, such as bugs or hacks, could impact the security and functionality of the platform and the value of XDC token.

5. Adoption risks: XDC Network's success depends on its ability to gain widespread adoption and usage. If the network fails to attract users and developers, it could impact the value of XDC token.

6. Centralization risks: XDC Network relies on a small number of validators to secure its blockchain, which could pose a centralization risk. If these validators collude or become compromised, it could impact the security and value of XDC token.

Potential market development triggers

1. Increased adoption by enterprises: XDC Network's focus on enterprise-grade solutions makes it an attractive option for businesses looking to integrate blockchain technology. If more companies begin to adopt XDC Network, it could increase the demand for XDC token.

2. Expansion of use cases: XDC Network's technology allows for a variety of use cases, such as supply chain management, trade finance, and remittances. If XDC Network expands its use cases and attracts more users, it could increase the demand for XDC token.

3. Partnerships and collaborations: XDC Network has already formed partnerships with several companies, such as R3 and Quant Network. If XDC Network continues to form strategic partnerships and collaborations, it could increase the exposure and adoption of XDC token.

4. Integration with other blockchain platforms: XDC Network's cross-chain interoperability allows for integration with other blockchain platforms, such as Ethereum and Binance Smart Chain. If XDC Network continues to integrate with more platforms, it could increase the demand for XDC token.

5. Increase in transaction volume: As more users and enterprises begin to use XDC Network, the transaction volume on the platform could increase. This would lead to increased demand for XDC token to facilitate transactions and pay for fees on the network.