Chronicle

What is XNL and how Does It Work?

XNL is the native token of the Chronicle platform that provides access to the dCollectibles platform along with its unique services. Following registration, users can explore various features of the platform, like Mystery Boxes. These boxes consist of a diverse range of collectibles of varying rarity levels, offering an element of unexpectedness for those desiring a mixed portfolio of digital tokens. In addition, XNL aids Chronicle platform in building relations between brands, aiming for an optimal user experience. Therefore, the role of XNL is essential on the Chronicle platform when it comes to promoting user interaction and nurturing participation.

The Vision and Mission Behind XNL

XNL focuses on streamlining its ecosystem and decreasing complexity. The method it follows is primarily community-based, with decisions heavily influenced by input and feedback from the token community. The development and implementation of XNL are largely based on ideas collected from traders. The token serves to create an environment catered to enhance user engagement. By functioning on a community-driven model, XNL not only merges its ecosystem but also fosters communication between traders, leading to healthier connections.

How to Buy and Store XNL?

To purchase XNL, Flooz.xyz offers a streamlined process. Flooz.xyz is a one-stop solution to buy this token, using a smooth checkout, without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless XNL transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This also ensures that you have access to your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your XNL trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz.

XNL Metrics:

• Current price: $0.0011

• Market cap: $53.8 k

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $0

Key Technological Features of XNL

XNL is a token designed with a variety of capabilities to serve different needs. It enables staking of XNL tokens, a process where rewards are linked to the quantity of tokens you stake. It functions via a Proof-of-Stake (PoS) consensus mechanism, designed to verify transactions and manage power use in an eco-conscious way. Beyond its eco-consciousness, XNL is also crafted to be interoperable, supporting several chains whilst maintaining neutrality, which makes it adaptable across different blockchain environments. It is observed that traders value this adaptability in XNL.

How Secure is XNL? Understanding Its Security Protocols

XNL, an ERC-20 token, operates on a licensed platform within the realm of blockchain. During the initial phase, XNL pursued an allocation strategy with portions of the token made accessible over time. Significantly, XNL is anchored by a fee structure helping to address operational and blockchain-related needs. The token further utilizes a vesting schedule, and as a participant, you are able to progressively access it over a predefined duration.

What's Next for XNL? Upcoming Developments and Roadmap Insights

The XNL platform stands at a significant phase of testing and is set to bring about several updated features. These include the introduction of connected medal drops and overseeing token sales related to complete IPs. Operational costs for the platform are assigned to sellers through a fee system, and staking rewards are anticipated. Chronicle has aimed to introduce the beta version of its web/desktop product as an important part of its roadmap. Included in this roadmap are steps to initiate operations at the Chronicle Store, advancements towards Chronicle Platform v2.0, engaging with numerous blockchains for integration possibilities, and a study of cross-chain NFT solutions. The platform is reviewing the feasibility of transferring to a separate blockchain. Chronicle is ready to undertake collaborations to address environmental aspects of their platform with a special focus on the carbon footprints. Chronicle also hopes to begin token auctions and coordinate with broader platforms to enhance token exposure. Revenue produced from premium listings and auctions are integral factors in the Chronicle ecosystem. Expansion is on the cards as Chronicle shows interest in involving more brands into its sphere. As the ultimate aim, the platform aspires to offer an equitable experience to traders.

Role of XNL in the Current Cryptocurrency Landscape

The XNL token contributes to the Chronicle user experience by playing a particular role as defined by the platform design. This role contributes to User engagement and ecosystem involvement. Within the Chronicle project, XNL is integrated into the issuance process for officially licensed memorabilia, functioning as a facilitator for transactions and mnemonic acquisitions. The interaction with this token is an element of the Chronicle user experience.

The Team Behind XNL: Who Are the Founders and Key Players?

The XNL token is part of Chronicle, established by Tim Glover and Jim Jin. The team's areas of knowledge include marketing, creative, engineering, and 2D and 3D design. They ensure an approachable onboarding process and offer insights about token wallets. Their expertise extends to licensing and NFTs, supported by their advisors. Chronicle has an emphasis on the fan community, tapping into the potential of its skilled team. This could be of interest to those interacting with the platform.

Real-world Applications: How is XNL Being Used Today?

The d.Collectibles platform places an emphasis on limited edition, culture-oriented NFTs. On this platform, enthusiasts can take part in NFT auctions, exchange, bid, and gift licensed digital tokens. It highlights an interesting feature, Chronicle, which grants Chronicle Medals NFTs for interacting with the platform. The platform works in collaboration with various brands, resulting in a wide selection of digital tokens. It incorporates liquidity services to facilitate the trading and exchange of these tokens. XNLs, the platform's native tokens, find function within the Chronicle platform, providing you with certain advantages and access to selected occasions. Embodying elements of film and television styles, interactions with these digital tokens, including buying, selling, and trading, primarily utilize XNL. Cryptocurrency options are also provided to support this. There's also an option to donate tokens to approved charities or even participate in activities to earn more of them. Finally, with a commitment to environmental consciousness, Chronicle suggests categories and limits of rarity for tokens and explores blockchain solutions for carbon offset.