CoinMarketCap takes a deep dive into Xenon Pay (X2P), a global payment solution that allows users to process transactions in real-time.
Xenon Pay (X2P) is a decentralized, high-yield, and deflationary token that operates on the Binance Smart Chain (BSC). Every time there is a transaction on the Xenon network, a 10% transaction fee is distributed among all X2P holders. The vision of Xenon Pay is to provide everyone with a crypto payment solution that can be used to process transactions in real-time. One of its objectives is to create a Xenon Payment Card that can be used by X2P holders for making purchases worldwide.
How Does Xenon Pay (X2P) Work?
Xenon Pay (X2P) is a user-friendly payment solution that is targeted towards the real and crypto world. It provides a decentralized peer-to-peer trading network that is hosted on the Binance Smart Chain (BSC) network, which has a lower fee as compared to the Ethereum network. It also offers passive income to X2P holders from its transaction fees, i.e. 10% to be specific. The platform has a crypto wallet and plans to launch the Xenon Payment Card soon.
Team Behind Xenon Pay (X2P)
There are four core members of the Xenon Pay (X2P) team:
- Piri Vries - CEO, Technical Engineer & Social Media Marketing Manager
- Dylan van Duijn - CTO & Software Engineer
- Nathan Smith - CFO & Economic Expert
- Aland Rasoul - CMO & Creative Director
Roadmap Of Xenon Pay (X2P)
Xenon Pay plans to burn a portion of its token supply and also add X2P new exchanges every month. The project is also planning to launch the X2P app's beta versions, develop a wallet, and hold several meme contests and marketing activities to boost the growth of the project. The biggest news for the X2P holders is scheduled to come in December, as the X2P Payment Card prototype will be launched, along with the X2P wallet's official launch.
Unique Features of Xenon Pay (X2P)
A Source of Passive Income
The benefit of holding X2P in digital wallets is that holders receive rewards which will be distributed from the 10% fee charged on every transaction (buy or sell order) on the X2P network which becomes an automatic source of passive income for them.
International Money Transfers
X2P tokens can be traded through the power of the BSC network to any part of the world. The transactions are fast, cheap, and simple, without the involvement of any third party.
Secure Form of Decentralized Finance
X2P is traded on PancakeSwap which is not a centralized exchange like Binance, Coinbase, and others. This means that holding X2P fulfills the objective of decentralization that makes it the most secure form of crypto trading. Users can also benefit from the low gas fees of PancakeSwap, a feature not offered by many DEXs in the crypto world.
The liquidity pool of X2P is hosted on the PancakeSwap network. Binance Coin (BNB) can be swapped with the token and vice versa.
Digital Crypto Wallet
Xenon Pay offers a crypto wallet in which users can store, send, and receive X2P tokens. Users can also see trading charts and their passive income stats over a certain period.
Protection Against Deflation and Hacking Attacks
The manual token burns will decrease the supply over time and this deflationary nature of the X2P token will allow the demand of the token to rise.
Xenon Pay (X2P) Tokenomics
There is a fee of 15% associated with X2P trades, 10% of which is distributed to X2P token holders and 5% is added to the liquidity pool. Also, the token is deflationary which means that the supply will decrease as time passes.
Xenon Pay (X2P) Price
Xenon Pay (X2P) is now trading at around $0.1035, as of Sept. 20, 2021. Its 24-hour trading volume on exchanges is around $381,889.
Xenon Pay (X2P) Price Prediction and Future Outlook
Diem is an upcoming cryptocurrency of the tech giant, Facebook, and is all set to launch after it gets out of some regulatory issues. While Diem and X2P work on two different models, the niche is the same - finance & payment in the crypto world. The launch of Diem will give X2P token a major boost as the future lies in providing people with a crypto payment solution that tech giants, like Facebook, have already recognized. X2P can follow its footsteps and reach high levels of popularity which will impact the X2P token’s price in a positive manner.
Xenon Pay (X2P) has been developed on the Binance Smart Chain (BSC) that provides fast transaction speeds, low transaction costs, high performance, and many other features that make it an attractive project. There are not many tokens on the BSC network that function in the area of decentralized finance. X2P can use this fact to its advantage and excel as the go-to payment solution for users or investors who prefer to invest in BSC projects. A high influx from big investors can increase the token’s price significantly.
Unlike many other tokens/coins in the crypto world, Xenon Pay (X2P) has a clear roadmap and most importantly a marketing plan in place. The X2P token team plans to start from local social media marketing and expand its horizon by hiring crypto influencers. They also aim to provide several airdrops and bounties to X2P holders and scale their marketing efforts on an international level which will give them enough exposure in the crypto world.
The X2P token is deflationary which means that with every burn, the supply of the token will decrease and the demand will rise. The deflationary model can attract a lot of investors to invest early in the project which can take the price of the X2P token to $1 in the near future.
Although the X2P token has experienced an increase of 26.26% in the past 24 hours, the market isn’t bullish yet. In fact, it is extremely volatile, so you should look out for technical indicators and seek out the advice of crypto experts before investing in it or any other cryptocurrency out there.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.