What is XTZ? Detailed introduction to XTZ coin online trading platform and total amount

XTZ, the native cryptocurrency of the Tezos blockchain, serves as a medium for transaction fees, staking rewards, and governance participation, while also being traded on various cryptocurrency exchanges, with Binance, OKX, and Coinbase being notable platforms.

Oct 28, 2024 at 04:44 am

What is XTZ?

1. XTZ is the native cryptocurrency of the Tezos blockchain. Tezos is a decentralized, open-source blockchain platform for smart contracts and decentralized applications (dApps). It is known for its advanced features, such as its formal verification system and on-chain governance mechanism.
2. XTZ is used to pay for transaction fees, gas costs, and staking rewards on the Tezos blockchain. It is also used to vote on protocol upgrades and other governance decisions.
3. XTZ is a tradable asset that can be bought and sold on cryptocurrency exchanges. Its price is determined by supply and demand, and it is influenced by factors such as market sentiment, news events, and the overall health of the cryptocurrency market.

Detailed Introduction to XTZ Coin Online Trading Platforms

1. Binance: Binance is the largest cryptocurrency exchange in the world by trading volume. It offers a wide range of trading pairs, including XTZ/USDT, XTZ/BTC, and XTZ/BUSD. Binance also offers margin trading, futures trading, and staking services.
2. OKX: OKX is the second-largest cryptocurrency exchange in the world by trading volume. It offers a similar range of trading pairs as Binance, as well as options trading and perpetual swaps. OKX also offers a high-yield savings account for XTZ holders.
3. Coinbase: Coinbase is a popular cryptocurrency exchange for beginners. It offers a user-friendly interface and a limited number of trading pairs, including XTZ/USD and XTZ/BTC. Coinbase also offers custody services and a debit card that can be used to spend cryptocurrency.
4. Kraken: Kraken is a well-established cryptocurrency exchange that is known for its security and reliability. It offers a wide range of trading pairs, including XTZ/USD, XTZ/BTC, and XTZ/EUR. Kraken also offers margin trading and OTC trading services.
5. Huobi: Huobi is a global cryptocurrency exchange that is based in Seychelles. It offers a wide range of trading pairs, including XTZ/USDT, XTZ/BTC, and XTZ/ETH. Huobi also offers margin trading, futures trading, and staking services.

Total Amount of XTZ

1. The total supply of XTZ is capped at 1.32 billion. This means that there will never be more than 1.32 billion XTZ in circulation.
2. The current circulating supply of XTZ is approximately 893 million. This means that there are approximately 427 million XTZ that have not yet been released into circulation.
3. The release schedule for XTZ is designed to gradually increase the circulating supply over time. This is intended to help keep the price of XTZ stable and to prevent inflation.