About Xfinite Entertainment Token
What is Xfinite? Xfinite is a decentralized entertainment ecosystem built on Algorand blockchain. The first dApp in our ecosystem - Mzaalo incentivizes content consumers for watching content. It is a gamified video on demand platform with over 12,000 movies and Live Tv, 1500 music tracks and much more... The dApp is currently available on iOS, android and web. To learn more about Mzaalo visit: How is Xfinite disrupting the entertainment ecosystem? Through their decentralized network, Xfinite aims to bring mass adoption of Blockchain as a technology across the globe (mainly through non-native crypto users). Xfinite’s watch to earn model will empower millions of users to have access to premium content at their disposal and earn crypto rewards. The blockchain enterprise already has partnered with 600+ loyalty partners across the globe to provide utility to its ecosystem participants. Xfinite is also on the anvil of launching their NFT marketplace that will facilitate XET holders to buy or sell NFTs. Who are Xfinite’s ecosystem enablers? Xfinite is powered by Algorand and backed by participants like Borderless Capital, Algorand, Shima Capital, Ceras Ventures, Black Mamba and FBG Capital. Xfinite also has established partnerships with esteemed organizations like Daimler, Josh, DailyHunt, and Eros Now. How is the XET token dispersed in the ecosystem? 25% of XET tokens This will open up avenues for potential investors to become representatives of the token itself. 28.75% of XET tokens - Rewards Utility A pool of 28.75% of XET tokens are segmented to incentivize XET ecosystem participants for contributing to the platform. 10% of XET reserves for the team For longer sustainability of the project and to keep the team consciously invested, 10% of XET will be reserved for the team members as an incentive for their contribution towards the project. 10% of XET for Strategic Partners Xfinite’s ecosystem has some ‘reach enablers’ who contribute to the development of the project. Partnerships play a pivotal role in the XET landscape. To reward them for their efforts, 10% of XET tokens are kept in reserves. 11.25% of XET for XSPO - Xfinite Staking Pool Offering We aim to launch our XET staking pool (XSPO) for XET token holders to earn yields by staking their tokens into the pool for a defined period. Where is XET listed? Xfinite Entertainment Token, $XET is listed on Bitmart and MEXC. Who are the people behind Xfinite Entertainment Token? The core team of Xfinite Entertainment Token boast of a cumulative experience of 25+ years. The team has been associated with Goldman Sachs, Viacom, Discovery, Sentinel and Autonomy. The blockchain team at Xfinite has a long- standing association with Algorand’s blockchain technology.
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Market Stats
Market Cap
$388,627.46
-5.02%
FDV
$667,171.60
Circulating Supply
2,330,000,000 XET
Max Supply
4,000,000,000 XET
Total Supply
4,000,000,000 XET
Diluted Valuation
$665,592.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$64,972.99
-0.05%
Volume (7D)
$436,175.72
Volume (30D)
$2,031,260.58
All time high
$0.19
Overall Price Change (1Y)
-0.66%
Additional info about Xfinite Entertainment Token
Recent trends
The price of Xfinite Entertainment Token has increased by 0.09% in the last hour and decreased by 5.06% in the past 24 hours. Xfinite Entertainment Token’s price has also fallen by 0.10% in the past week. The current price is $0.000166 per XET with a 24-hour trading volume of $64.97K. Currently, Xfinite Entertainment Token is valued at 99.91% below its all time high of $0.19. This all-time high was the highest price paid for Xfinite Entertainment Token since its launch. The current circulating supply of Xfinite Entertainment Token is 2,330,000,000 XET which means that Xfinite Entertainment Token has as total market cap of $388,627.46.
Market details
XET vs markets
↘ 70.62%
XET vs BTC
↘ 73.42%
XET vs ETH
↘ 31.2%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Algorand | 283820866 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000166 | ↘ 5.06% |
1 Day | $0.000175 | ↘ 5.06% |
1 Week | $0.000167 | ↘ 0.10% |
1 Month | $0.000212 | ↘ 21.34% |
1 Year | $0.000484 | ↘ 65.58% |
FAQ
Xfinity Entertainment is a decentralized entertainment ecosystem. The project claims to create a next-gen media platform via innovation in economics, content ownership, and data management ensuring transparency. According to its litepaper, the project aims to revolutionize digital media streaming and bring innovation to the customer experience. The project provides a blockchain-based solution to shape the future of digital entertainment in a trusted environment.
Its litepaper claims that the project is consumer-centric, providing a seamless and interactive user experience. The project also claims to provide rewarding economics where every user benefits from the project’s success. Further, the project claims to have partnered with more than twenty-five content providers and more than six hundred reward providers to provide quality and rewards to its users.
The project launched an online streaming decentralized app (DApp) called Mzaalo. The application is both available on android and IOS. Users can watch premium content without any fee and have an option to watch localized content. Further, users can earn a reward by watching and engaging with the app. The more a user engages, the more they earn the reward. Such reward can then be redeemed digitally or via physical merchandise or experiences. The Xfinity entertainment is built on the Algorand blockchain, which uses proof of stake consensus protocol. Algorand blockchain is claimed to be a cost-effective blockchain that has a rate of thousand transactions per second.
The native token of the project is denoted by XET. XET is a utility token. Users of the platform get rewarded with the XET token for their engagement with content on the platform and application. Influencers and brands use XET tokens to purchase advertisement space on the platform and application. Users can also stake their XET tokens to create non-fungible tokens (NFT) for their fans.
The streaming platform was launched in the second quarter of 2020. The XET token was launched in 2021. The founding team behind the project includes Swaneet Singh (CEO), Vikram Tanna (COO), Santosh Yellajosula (CECO), and Parag Arora (CSO). The total supply of XET tokens is four billion.
We update our Xfinite Entertainment Token to USD currency in real-time. Get the live price of Xfinite Entertainment Token on Coinbase.
The current market cap of Xfinite Entertainment Token is $388.63K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Xfinite Entertainment Token is $0.19. This all-time high is highest price paid for Xfinite Entertainment Token since it was launched.
Over the last 24 hours, the trading volume of Xfinite Entertainment Token is $64.97K.
Assets that have a similar market cap to Xfinite Entertainment Token include Taproot Exchange, Web3Shot, BitoPro Exchange Token, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Xfinite Entertainment Token is 2.3 billion.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#5120
Contributors
0
Posts
0
% About Xfinite Entertainment Token
0.001%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
0.0 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
0 unique individuals are talking about Xfinite Entertainment Token and it is ranked #5,120 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Xfinite Entertainment Token has an average sentiment score of 0 out of 5. Finally, Xfinite Entertainment Token is becoming less newsworthy, with 0 news articles published about Xfinite Entertainment Token.
On Reddit, Xfinite Entertainment Token was mentioned in 0 Reddit posts and there were 0 comments about Xfinite Entertainment Token. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.