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XDNA Review

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Poor

Revainrating 2.5 out of 5  
Rating 
2.6
Crypto Projects

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Description of XDNA

XDNA (XDNA) is a cryptocurrency . Users are able to generate XDNA through the process of mining. XDNA has a current supply of 8,822,013.56576023 with 8,822,006.70176023 in circulation. The last known price of XDNA is 0.00036444 USD and is down -1.86 over the last 24 hours. It is currently trading on 2 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://xdna.io/.

Reviews

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Type of review

Revainrating 2 out of 5

x Protocol to reward social engagement in the humanitarian network.

3635 / 5000 Çeviri sonuçları There is no convergence between innovation and human presence in the search for intelligent programs; The main purpose is to evaluate the public exhibition of individuals depending on their public recognition and use. This humanistic biological system is called xHumanity; the money used in their functions is the xDNA convention. xHumanity supports the sequencing of networks of individuals completing P2P-type public associations through the use of computerized…

Pros
  • A digital tool for easy access to cryptocurrencies.
Cons
  • Low income

Revainrating 3 out of 5

protocol to reward social interaction on the xHumanity network

In the search for intelligent applications focused on the rapprochement between technology and human life; a platform has been developed whose main purpose is to evaluate people's social performance based on the actions and use of social recognition values. This humanistic ecosystem is known as xHumanity; whose currency used in its operations is the xDNA protocol. xHumanity encourages the formation of communities of people who carry out P2P-type social interactions, through its digital…

Pros
  • It allows to reward people for social actions on the network
  • Digital tool to easily access cryptocurrencies
  • It allows the connection of people worldwide through its social platform
  • Promotes the values of humanity through their actions on the web
  • It allows to evaluate the reputation of the participants or users in a transparent way
Cons
  • Few profits

In general, this project does not have many positive aspects to offer investors beyond a cryptocurrency that allows payments and good distribution in terms of the mining process. It also combines a certain evolution of other cryptocurrencies and their deficiencies. However, it lacks innovation and rethinking. how it should be made to massify its use

Pros
  • For the miners, it establishes new mechanisms for the distribution of rewards. It has a detailed white book.
Cons
  • It lacks utility. There are projects that basically comply with the purpose of this cryptocurrency. Low performance in its capitalization. There is a wide range of cryptocurrencies in the market that fulfill this role, say payments. To the expectation of the general public does not offer anything new. It has a great competition.

It's a solid project with clear goals and a lot of work done in multiple sub-projects under the name XDNA. Every block reward has a 1% dev fee and 2% charity fee. Using XDNA helps gather funds for charity, investing in XDNA helps them reach more people and bigger organisations, getting involved, voting and donating helps them direct the funds to where to community wishes. I find their project noble and transparent. Their PoW phase will last 3 years (we're 5 months in already) and during this…

Pros
  • 1) A fair launch project which is focused on help providing through multiple means. 2) A low dev premine (971,712 coins) which is obviously used for the community and not for pump & dump; for example within the first month of their launch they were being traded in Crypto-Bridge and 2.5 months after launch they were in Cryptopia. They also run a big bounty campaign, other marketing campaigns and adding to those expenses the Developers' and Community Managers' payshare, I'm sure they're putting the premine in good use. (More details about the premine distribution can be found in their site, in /premine-distribution/) 3) BitGun Sytem - The total XDNA emission during the 3 years of the Proof of Work phase is dynamic and is automatically adjusted based on the price and on the net-hash. This is great because if the price gets very low during the bear market, an algorithm will adjust the block reward in order to support the price. On the other hand, if the price increases and XDNA could become a target for a 51% attack, the block reward will be increased and more miners will join the network. 4) XDNA is a project with multiple fronts which aim to help humanity: - XDNA Research is running promotions in order to direct the support of the community to the scientific research that benefits the humanity. For example there was an event where users were rewarded for helping with disease research through Folding@Home. - XDNA Creation is helping new teams kickstart their cryptocurrency-based projects. - XDNA Foundation is a non-commercial charity cryptocurrency fund. Through this web platform (accessed through their site) people with special needs can request help and non-profit organisations can request funding. The community can then donate DIRECTLY to their wallet if they accept XDNA or if fiat is required for a specific case, the team gathers the donations, trades the coins for fiat and then sends them to the bank account of the people who opened the request. One such case already happened before the platform's site went live and everything was communicated openly and evidence was posted, so I'm happy with how they handled it. 5) The existence of 3 different levels of masternodes with different costs and rewards provides everyone a chance to get involved and run a masternode. 6) Great support team in Discord.
Cons
  • As with most early projects that have not "bought" hype to pump their price and then dump the premine, their market cap and liquidity are low. It will be hard to trade it and mining it is marginally profitable (depending on your power cost).