What is the issue volume of XEC coins? One article to introduce the application scenarios of XEC coins

XEC's fixed issuance volume of 210 billion coins and diverse application scenarios, including staking, transaction fees, smart contracts, dApps, remittances, microtransactions, and digital advertising, support the expansion and sustainability of the eCash blockchain ecosystem.

Nov 14, 2024 at 06:54 pm

XEC Coin Issuance Volume and Application Scenarios

XEC Issuance Volume

XEC's issuance volume is fixed at 210 billion, with a minting rate of 13,500 coins per block and a block time of 60 seconds.
Approximately 115 billion XEC coins have been issued as of March 8, 2023.

Application Scenarios

XEC coins have several key application scenarios in the blockchain ecosystem:

1. Staking and Rewards:
XEC coin holders can stake their coins to participate in the network's consensus mechanism and earn rewards. Stakers can also delegate their coins to dedicated validators to earn additional income.

2. Transaction Fees:
XEC coins are used to pay transaction fees on the eCash blockchain. These fees incentivize miners to process and validate transactions, ensuring network security and stability.

3. Smart Contracts:
XEC coins can be integrated into smart contracts, which are self-executing agreements stored on the blockchain. Developers can use XEC to create and deploy customized contracts for various applications.

4. Decentralized Applications (dApps):
XEC coins facilitate the development and usage of decentralized applications (dApps) built on the eCash blockchain. These dApps can offer a wide range of functionalities, such as decentralized finance (DeFi), gaming, and social networking.

5. Remittances:
XEC coins offer a fast and low-cost solution for international remittances. They can be sent and received globally without relying on traditional financial institutions, making them particularly valuable for individuals in underbanked regions.

6. Microtransactions:
XEC's small unit size and low transaction fees enable efficient microtransactions. This makes it suitable for applications where high-volume, low-value payments are necessary, such as micro-tipping and peer-to-peer gifting.

7. Digital Advertising:
XEC coins can be utilized in digital advertising ecosystems to incentivize users for their attention and reward content creators. Advertisers can use XEC to compensate users for viewing ads or completing tasks, promoting user engagement and monetization.

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