XELS XELS

1. Summary

Ranks

Liquidity

65

Developer

-

Social

58

Momentum (beta)

22

Stack Rank™

-

Price

$0.05 -4.2%

Market Cap

$1.01M (#3101)

Supply

19.52M / 21.00M

Tags

Ethereum Ecosystem

More Metrics

Price
52W High price	$1.47
52W High date	27th Oct 2023 (11 months ago)
All Time High (ATH) Date	14th Dec 2021 (2 years ago)
ATH Price	$13.95
% From ATH	-98.97%
All Time Low (ATL) Date	16th May 2024 (4 months ago)
ATL Price	$0.13
% From ATL	13.58%

Supply & Trading Volume
Trading Volume (24h)	$45,814.00
Total Supply	21.00M
Max Supply	21.00M
Circulating Supply	19.52M

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Description

XELS Overview

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XELS Overview

XELS is a blockchain-based platform designed to facilitate the transparent and secure offsetting of carbon footprints by corporations and individuals. The platform enables the purchase of tokenized carbon offset credits, providing an eco-conscious solution for reducing carbon emissions.

One of the primary objectives of XELS is to address the issue of fraud that has plagued traditional carbon markets, such as the sale of fake or expired credits. The use of blockchain technology ensures that transactions are secure, transparent, and irreversible, eliminating the possibility of fraud and double spending.

Initially, XELS will be launched as an ERC20 token. However, the company plans to migrate to a proprietary, low-energy blockchain called XELS Chain. This hybrid proof-of-stake and proof-of-work blockchain is designed to reduce energy consumption significantly, making it a more environmentally friendly option.

The XELS token serves as a platform token, allowing users to access a future suite of stablecoins pegged to various industry-standard voluntary carbon offset credits. This platform aims to provide a secure, transparent, and eco-friendly solution for the carbon offset market.

Key Features

• Tokenized Carbon Offset Credits: XELS enables the purchase and retirement of tokenized carbon offset credits, providing a secure and transparent way to offset carbon emissions.
• Blockchain Technology: The platform utilizes blockchain technology to ensure secure, irreversible, and transparent transactions, eliminating fraud and double spending.
• Low-Energy Blockchain: XELS Chain, a proprietary blockchain, aims to reduce energy consumption significantly, making it a more environmentally friendly option compared to traditional blockchains.
• Multi-Purpose Token: The XELS token serves as a platform token, allowing users to access a future suite of stablecoins pegged to various carbon offset credits.

Platform Objective

XELS aims to provide a secure, transparent, and eco-friendly platform for corporations and individuals to offset their carbon footprint, promoting a commitment to reducing carbon emissions and combating global warming.

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