Pros
- A digital tool for easy access to cryptocurrencies.
Cons
- Low income
XDNA Review
4
·
Poor
Rating
2.6
Crypto Projects
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/.
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
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.
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).
