AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
.jpg)
Highlights
- Xenon Pay, popularly known by its token name X2P, is a decentralised finance protocol, which operates on the Binance Smart Chain.
- The X2P token users also receive a 10% benefit from all the transaction fees from the network making it a great passing income opportunity.
Xenon Pay popularly known by its token name, X2P, is a decentralised finance (DeFi) protocol, which operates on the Binance Smart Chain. X2P is traded on the Pancakeswap Finance Exchange and works on the principle of proof of stake (PoS) consensus. X2P, with its inflationary algorithm and trades in a decentralised peer-to-network. The X2P offers staking facility to its users. Besides, the X2P token users also receive a 10% benefit from all the transaction fees from the network making it a great passing income opportunity.
With DeFi becoming increasingly popular due to the lack of interest rates, tokens such as X2P has gained prominence. In fact, earlier in July, X2P was the talk amongst the investor, following a rally of 120%. The token has managed to keep the interest going amongst the market participants as one of the key tokens to watch out for in the future.
What makes X2P so unique?
Founded by P. Vries and D. van Duijn, the X2P token’s primary objective is to function mainly as a payment solution provider. Considered to be a secure, smart, and easy-to-use payment platform, the token offers to provide viable option for the corporate and private business sector. Besides, X2P offers effective hedging against inflation. Due to the smaller number of tokens in circulation, the token also allows manual token burns solution.
The X2P token holders can stake the token and farm BabyX2P, which is an extension of Xenon Pay as a reward token. It provides good reward opportunities and allows the users to earn passive income opportunities.
How is X2P token faring in the market?
X2P is ranked 3640 on CoinMarketCap. According to CoinMarketCap, the X2P is trading at Xenon Pay price today is US $3.64 with a 24-hour trading volume of US $91,103.56. At the time of writing (BST 8:15 am), X2P was down 3.95% in the last 24 hours but its 24-hour trading volume is up by 51.21%. X2P currently has a fully diluted market cap of US $5,451,506. X2P has a circulating supply is not available but has a maximum supply of 15,00,00,00,00,00,000 X2P coins.
With the DeFi boom, the X2P could provide the ideal solution as a payment solution provider. Besides, it offers the opportunity to earn passive income and an effective inflation hedge, which should make it ideal for market participants, who worry about the volatile cryptocurrency market.
Conclusion
Still new in the market, X2P has managed to infuse interest amongst investors. With the Beta launch slated to be in October later this year, X2P could offer the users with wallet services as well. Though it showed signs of momentum in early July, but soon has fizzled out in terms of price, but volumes have been consistent. If the trend continues, we could see the token consolidate into a stronger position and could grow.
