You can now receive, hold, swap, and tip XNO tokens via CCTIP.
XNO Token Details
CCTIP features you can use with XNO: Receive, Hold, Tip, Play-To-Earn, and Airdrop.
CCTip has successfully completed the addition of Nano to the CCTIP Wallet. Users can now swap, hold, tip, airdrop, and play games with XNO tokens.
Nano was created as a cryptocurrency that solves real-world problems by creating a decentralized global payment network that facilitates instant payment at no cost. Nano’s unique proposition makes the network stand out as one of the crypto assets with practical, real-world use cases. As a result, we have added Nano to the CCTIP wallet to allow users to enjoy many benefits, making the most of their XNO holdings.
What is Nano?
Satoshi Nakamoto created Bitcoin in 2008 as a decentralized, borderless payment system. However, it hasn't been adopted worldwide due to poor scalability and slow speeds. As a result, many blockchain developers created forks and entirely new blockchains to create a decentralized payment solution that scales for massive usage.
Nano is one of several solutions seeking to maximize the use of blockchain technology for digital payments. Created in 2014 as RailBlocks (XRB), Nano provides clear advantages to many existing systems by ensuring zero-fee, eco-friendly, and instantly executing transactions.
RailBlocks rebranded to Nano in 2018; the rebrand was basically a name change that better depicts the project's goal. However, the project details remained unchanged.
In 2021, the company changed its symbol from $NANO to $XNO and created a symbol "Ӿ" to be recognized as a currency.
Nano Core Features
Open Representative Voting (ORV): ORV is a variation of the Delegated Proof-of-Stake (DPoS) consensus mechanism; however, tokens are not staked in this model.
Holders' account balances are used to assign a "voting weight." Each network participant's voting weight is proportional to their account balance; hence, the wealthiest token holders are designated as "Principal Representative" nodes. These Principal Representatives (PRs) can vote to confirm transactions published on the blockchain.
Similar to DPoS mechanisms, holders with smaller account balances can delegate their tokens to other nodes to vote as Principal Representatives. However, the Nano ecosystem doesn't reward PRs since no new tokens are mined. Similarly, no tokens are permanently locked up as a "stake."
One may be tempted to think there will be a dearth of Principal Representatives since there are no incentives (mining/staking rewards). However, many developers, exchanges, and payment processors who are early Nano adopters are indirectly incentivized to act as PRs, because increased adoption of the Nano network helps them accrue handsome returns on their initial investment.
To become a PR, you are expected to have at least 0.1% of XNO's total supply (133,249 XNOs)
Directed Acyclic Graph (DAG) Algorithm: Nano facilitates instant transactions via DAG. This algorithm structures data in the ledger as "Block Lattices."
Hence, we can say that all network participants have their own blockchains that can be updated simultaneously on the Nano network without causing congestion. In a typical Proof-of-Work (PoW) blockchain, every transaction has to be confirmed by miners; hence, in terms of high network demands, transaction speeds will be slow, and miners will charge hefty fees (this is why PoW blockchains are poorly scaled).
Once a sender initiates a transaction on the Nano blockchain, they are required to publish a block for the debited amount, which will mark the transaction as "pending." As soon as the recipient signs the transaction, the transaction will be confirmed, validated, and recorded on the main chain.
Unlike typical blockchains with several terabytes of data for every participant, Nano maintains a lightweight blockchain. It achieves this by considering ONLY the account balances of the sender and receiver before every new transaction. After both parties have signed and confirmed the transaction, the Principal Representatives will validate it, and then the latest transaction is published alongside the current balance.
Fixed Supply: XNO tokens cannot be inflated. Only 133,248,297 tokens were created at launch, of which the majority were distributed in airdrops. With increased real-world usage and demand for the token, its value tends to increase since no new tokens can be created.
Additionally, PRs typically maintain their tokens; hence, scarcity is induced in times of high demand.
CCTIP offers the lowest cross-chain transaction fees:
You can swap XNO tokens between 200+ cryptocurrencies present on CCTIP. Whether performing a cross-chain swap or an "on-chain swap," CCTip offers the lowest possible transaction fees. You can swap various currencies within your wallet for absolutely free!
XNO Token Price:
CCTIP updates its price charts in real-time, so you can find live updates on the XNO token via CCTIP Wallet.
Create an exclusive #XNO Community with CCTip DAO:
A group with all true XNO fans can be regulated using the CCTip DAO. It allows you to set a minimum of XNO tokens required for a new member to join the telegram/discord group. It is a beneficial tool for crypto start-ups and tokenized communities to engage with their target audience and grow their community.
Think of it as an exclusive group accepting the XNO community by verifying their crypto assets!
We hope you have gained insights and information on our newly listed network – Nano (XNO), and how you can seamlessly use it with CCTIP services!
Remember that you can receive, hold, tip, or swap XNO tokens on CCTip.
Now grow your community efficiently and quickly by exploring the various top features offered by CCTIP! Create an instant account now and enjoy cheap transaction fees with many features!
If you have any questions or comments, please leave a comment or join our community for more discussions, tips, and airdrops.