XDC Network priceXDC $0.04038

XinFin was founded in 2017 and is based in Singapore. The platform's founders are Ritesh Kakkad, Atul Khekade and Karan Bhardwaj. In 2018, however, Bhardwaj resigned to devote more time to his own startup, Elatior Tech.

Ritesh Kakkad is a tech entrepreneur with extensive experience in the blockchain industry. He earned his bachelor's degree in commerce, accounting, and finance from the University of Mumbai in India. Before joining XinFin, he helped establish the solutions and application development firm IndSoft Systems.

Atul Khekade is a skilled computer engineer and programmer who establishes new technology companies and provides funding for emerging platforms on XDC. He was instrumental in the development of MonetaGo, a financial technology firm that works to combat online fraud. On top of that, he was instrumental in the development of Airnetz, a hybrid online-offline travel agency. He graduated from India's Sardar Patel College of Engineering with a degree in IT.

The XDC Network is an EVM-compatible, layer 1 blockchain that is compatible with the global payment messaging standard, ISO 20022, making it a convenient platform onto which developers and financial institutions can build applications. Additionally, the platform launched the XDCPay app: a web extension with support for some popular browsers, which claims to simplify the user experience for investors and businesses.

XDC wants to address the challenges that early blockchain networks failed to address: low network bandwidth, unreasonably high fees and a poor experience for developers. The platform also supports smart contracts, so developers have the option of building apps and protocols on the blockchain.

It allows for the deployment of layer 2 digital assets (via Origin), and employs sharding to process transactions faster (over 2000 transactions per second).

The platform is an open-source hybrid blockchain for global trade and finance. Thanks to its hybrid design, XDC interacts with both public and private blockchains. The system provides hybrid relay bridges that retransmit transactions into the public network.

The blockchain’s native token, XDC, fuels transactional activities and smart contracts on the network, and facilitates cross-border trade. It powers the whole ecosystem and acts as a payment and settlement facility.

Users need XDC tokens to process transactions and pay gas fees on XDC. They can stake their tokens and receive XDC rewards in exchange for processing transactions and contributing to the network’s security. Decentralized applications, or dApps, developed on the platform use XDC as a utility token as well.

XDC has a total supply of 37,705,012,699 coins and a circulating supply of 13,828,679,553 coins, as of April 2023. The token distribution is as follows: rewards for network participants (32.5%); team (25%); ecosystem (15%); hedge pool (10%); pre-placement and token offering (10%); charities (5%); reserves (2.5%).

XDC is available through KuCoin, Bitfinex, Huobi, Bybit, Bittrex, Gate.io, ProBit Global, Bitget, CoinEx, Indodax, CoinDCX, CEX.IO and Bitrue.

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