About XELS
XELS is an eco-conscious blockchain platform enabling corporations and individuals alike the ability to easily and transparently offset their carbon footprint by purchasing tokenized carbon offset credits. Since the birth of carbon offset markets in the wake of the Kyoto and Paris agreements, fraud has been a serious problem. Bad actors have been known to sell fake or expired carbon credits, and credit “recycling” fraud can lead to double spending of unretired carbon credits (see here for an example of one of the biggest fraud cases to hit carbon credits, which even ensnared Deutsche Bank. Blockchain’s distributed ledger technology is the perfect use case for carbon credits, as it cannot be changed, reversed, or double spent. Digital assets can also be “burned,” along with a transaction hash that proves the associated credit has been retired forever. We’re initially launching the eponymous XELS token as a “platform token” to access a future suite of stable tokens pegged 1:1 to various industry-standard voluntary carbon offset credits – think of those as being the “USDT” of carbon credits.
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Trading Insights
Searched
1
Market Stats
Market Cap
$889.40K
-0.07%
FDV
$889.40K
Circ. Supply
21M XELS
Max Supply
21M XELS
Total Supply
21M XELS
Diluted Valuation
$889.48K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$67.36K
-8.77%
Volume (7D)
$530.63K
Volume (30D)
$2.25M
All time high
$5.47
Price Change (1Y)
-78.24%
Additional info about XELS
Recent trends
The latest XELS price is $0.0437. Compared to XELS's value of $0.04 from 24 hours ago, there's been a -0% decrease, while the current price is -2% down from $0.04 which was recorded one week ago. XELS's all time high is $5.47, which was reached on June 11, 2022. This is a -99% change from its price today.
The current circulating supply of XELS is 21,000,000. This is 100% of its max supply of 21,000,000 XELS and 100% of its total supply of 21,000,000. The market cap is currently $889.40K, which is a result of multiplying the current price of XELS($0.04) by the total supply(21,000,000 XELS). The fully diluted valuation of XELS is $889.40K. The diluted valuation of XELS is $889.40K.
Market details
XELS vs markets
↘ 82.78%
XELS vs BTC
↘ 85.55%
XELS vs ETH
↘ 68%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xE748269494e76c1ceC3F627bb1e561E607dA9161 | |
Ethereum | 0x397Deb686C72384FAd502A81f4d7fDb89e1f1280 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0437 | ↘ 0.13% |
1 Day | $0.0433 | ↘ 0.13% |
1 Week | $0.0432 | ↘ 2.05% |
1 Month | $0.0805 | ↘ 47.39% |
1 Year | $0.19 | ↘ 78.24% |
FAQ
XELS is a platform that utilizes blockchain technology with the aim of promoting environmental sustainability. It seeks to contribute to a greener planet by minting carbon credits as non-fungible tokens (NFTs). These NFTs serve as immutable proof of ownership and aim to offer transparency and public traceability, positioning them as a potential tool for the next generation of voluntary emissions reductions (VERs). The XELS platform uses advanced satellite imagery and artificial intelligence to quantify the actual amount of carbon being neutralized by protected lands and reforestation efforts. It aims to provide an infrastructure for businesses and individuals to interact with global carbon offset markets in a simple, cost-effective, and energy-efficient way.
The XELS platform allows projects to create a multitude of digital carbon credit NFTs in a single transaction, aiming to reduce energy usage associated with multiple blockchain transactions. Users may allocate one XELS token per 10 tons of carbon to mint a custom carbon offset NFT equal to the amount of carbon they wish to sequester. Upon burning the offset-backed NFT, the XELS tokens will unlock, forming the basis of the XELS platform's consensus mechanism. XELS also provides a certificate as proof of the amount of carbon sequestered after each NFT is burned on its platform.
XELS aims to provide a platform for minting carbon offset NFTs and intends to introduce a marketplace where users can exchange them based on individual needs. It seeks to make its vision of a healthier, more sustainable planet a reality for anyone who wishes to partake in the carbon offset markets. XELS also aims to be a blockchain-based sustainability disclosure platform for companies looking to showcase their climate action. It strives to provide a transparent and trustworthy platform for environmental disclosure, helping companies make more informed decisions and drive positive change.
XELS is a platform that has been developed with the aim of addressing the critical issue of environmental sustainability. It has partnered with green-tech industry leaders across the globe to strive towards its vision of a healthier, more sustainable planet. The platform is currently in the beta testing phase, with the official launch slated for early August 2023. The team behind XELS is working to fine-tune their services to provide a user experience. They are committed to addressing any issues and making improvements to ensure the platform meets the needs of its users.
We update our XELS to USD currency in real-time. Get the live price of XELS on Coinbase.
The current market cap of XELS is $889.40K. A high market cap implies that the asset is highly valued by the market.
The all-time high of XELS is $5.47. This all-time high is highest price paid for XELS since it was launched.
Over the last 24 hours, the trading volume of XELS is $67.36K.
Assets that have a similar market cap to XELS include bitSmiley, LBRY Credits, Emorya Finance, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of XELS is 21 million.
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