goodcryptox animated logo
goodcryptoX> First non-custodial DEX trading bot> Join DEX Trading Revolution 🔥 Ad
Xion logo

XION (XION)

Past
Total Raise: $36,000,000
Date: 05 May 2021 - 01 Apr 2024

XION is the first walletless blockchain made for mainstream adoption.

XION allows developers to create, launch, and scale consumer-ready products from scratch by abstracting all technical hurdles for all its users using the Chain Abstraction technology.

From its funding rounds, XION has successfully raised $36M from reputable backers such as Animoca Brands, Circle Ventures, Multicoin, Valor, Hashkey, and others.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

XION Overview

Ticker: XION
Country: United States
Founded: 2021
Whitelist: No
Blockchain Network: XION (Own blockchain)
KYC: No
Bounty: Yes
MVP: Yes
Type: Equity
Security Audit: No

XION Review

XION by Burnt is a blockchain infrastructure designed with the core user experience factor in mind. Advanced features include account management, signature processing, fee abstraction, and interoperability. This way, it will be easier for mainstream users to interact with blockchains by abstracting the technical complexity that prevents widespread adoption today.

🗝️ Other key features that make XION special are as follows:

  • Generalized Chain Abstraction;
  • Meta-Accounts;
  • Signature Device Abstraction;
  • Parameterized Fee Layer;
  • Abstracted Interoperability.

🎮 XION has introduced the CrashGame, a very simple yet powerful showcase of what Generalized Abstraction looks like in real life. This on-chain game tightly integrates all three parts of XION's infrastructure: meta accounts, device abstraction, and a parameterized fee layer, fairly well-eliminating friction that one would usually feel in Web3 applications and games. The interactive game is a great way to show developers who build on XION the different features of generalized abstraction that are available, and it also serves as a good method of stress testing in extreme conditions.

🎲 Also, there is one more interesting integration on the platform - BetFi. BetFi is the world's first consumer-friendly Web3 gaming casino to go live on XION. It is the leading example of Generalized Chain Abstraction in action by leveraging the XION meta accounts and its parameterized fee layer toward seamless gaming across all devices and audiences. Gameplay will be butter-smooth, with players barely noticing it's fully on-chain: no seed phrases, no popups, confusing text, or crypto jargon-just pure fun and gameplay.

💸 XION has successfully raised $36M in its funding rounds from reputable investors such as Animoca Brands, Circle Ventures, Multicoin, Valor, Hashkey, and others.

 

✅ XION’s pros:

  • Huge raise ($36M) from reputable investors (Animoca Brands, Circle Ventures, Multicoin, etc.);
  • Has a partnership with Halborn (Cybersecurity Company) with potential Security Audit from it;
  • Great PR performance;
  • Good Search Engine Optimization;
  • Not bad SMM coverage;
  • Above-the-average Growth Marketing and Influencer Marketing;
  • Has a lot of reputable backers and partners;
  • The team actively participates in AMA sessions.

❌ XION’s cons:

  • High FDV ($500M);
  • The team hasn’t presented a detailed roadmap and tokenomics yet;
  • Partially anonymous team; 
  • Weak Marketing Infrastructure.

XION Token Economy

Total Raise: $36,000,000
Total Supply:
Private/Pre-sale: (0%)
Public Sale: (0%)
Fully Diluted Valuation (FDV): $500,000,000
Initial Circulation Supply: (0% of FDV)

XION Token Sale (ICO & IDO) Rounds

Seed: May 2021 Past

Price: N/A
Tokens for sale: N/A
Raise: $3,000,000
Lock-Up: N/A
Private: Jan 2022 Past

Price: N/A
Tokens for sale: N/A
Raise: $8,000,000
Lock-Up: N/A
Strategic: Oct 2023 Past

Price: N/A
Tokens for sale: N/A
Raise: N/A
Lock-Up: N/A
Private: Apr 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $25,000,000
Lock-Up: N/A

XION Funds and Backers
(3/20)

Submit
Animoca Ventures Logo
Animoca Brands (Ventures)
Score: Very High
22 numbers of
investment
Read More
Hashkey Capital logo
HashKey Capital
Score: High
19 numbers of
investment
Read More
The Spartan Group Logo
The Spartan Group
Score: High
19 numbers of
investment
Read More
View All

XION Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  18 Oct 2024 Upgrade

XION Team

Burnt Banksy
Burnt Banksy
Founder & CEO
Prajjwal Yadav
Prajjwal Yadav
Growth Hacker

XION News

Others in past IDO

=Nil; foundation - Logi. =Nil; Foundation (N/A)
Total Raise: $23,000,000
Past
05 Feb - 10 Feb
Humanity Protocol - Logo. Humanity Protocol (H)
Total Raise: $50,000,000
Past
28 Feb - 28 Jan
Linera Logo Linera (N/A)
Total Raise: $12,000,000
Past
29 Jun - 17 Aug
Giza Project Logo. Giza Crypto (GIZA)
Total Raise: $3,000,000
Past
11 Jul - 05 Feb
Share this project:
0 Comments
No comments yet

Get Trust & Increase Conversion Rate

Place the CoinLaunch widget on your website to get trust of the crypto crowd. Make an announcement of the listing on your social media channels and tag our pages for additional traffic.

<a href="https://coinlaunch.space/projects/xion/" title="XION (XION)" target="_blank"><img src="https://coinlaunch.space/media/widgets/0/xion.png" width="224" alt="XION (XION)"></a>