Bittime - Mixin (XIN) offers a smart contract solution designed to facilitate peer-to-peer (P2P) transactions with digital assets across blockchains. This article will discuss Mixin in depth, including Mixin (XIN) price predictions for the coming years.
What is Mixin (XIN)?
Mixin (XIN) is a smart contract network designed to facilitate peer-to-peer (P2P) transactions with digital assets across blockchains. Mixin Messenger, the first dApp built on the Mixin Network, combines Facebook Messenger-like features with a multi-currency mobile wallet.
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XIN is the native cryptocurrency of Mixin Network, which also supports BTC, ETH, BCH, ETC and others.
Inventor and Brief History of Mixins
Mixin Ltd was founded in Tokyo, Japan in 2013 by Cedric Fung, and Mixin Network was launched in late 2017.
Toward the end of 2018, the company offered $150,000 for a global development competition on the platform. Mixin Labs, which owns the Mixin Messenger platform, is a subsidiary of Mixin Ltd. Li Lin became Head of Mixin Labs on October 23, 2018.
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Mixin Kernel currently supports 13 blockchains, over 50,000 cryptocurrencies, and all types of bots.
Mixin Competition and Challenges
Of course, there is no surefire path to victory for Mixin. Every cryptocurrency and blockchain project today focuses on speed and interoperability.
Crypto-based mobile payment solutions are offered by projects such as Pundi X (NPXS) and OmiseGO (OMG). And Facebook itself is launching its Libra cryptocurrency.
Additionally, the name Mixin itself can cause confusion. The term "mixin" is likely only familiar to JavaScript programmers. This is a method to bypass the limitations of inheriting from a single object and also fills the first few pages of Google searches for "mixins".
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What is XIN Token?
XIN is the native cryptocurrency of Mixin Network. Let's take a deeper look at XIN:
- Total Supply: Mixin (XIN) has a total supply of 1,000,000 XIN.
- Highest Price: XIN's peak price so far was $2,320.38 on January 9, 2018.
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Initial Token Distribution: The initial XIN token distribution occurred from November 25-December 25, 2017. At that time, 400,000 XIN were released on the BigONE exchange with EOS as the trading pair. The rest:
- 500,000 XIN allocated to full node TEE-BFT and light node DAG.
- 50,000 XIN distributed to the core development team.
- 50,000 XIN airdropped to early Mixin Messenger users.
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Proof-of-Stake (PoS)
Full nodes must stake at least 10,000 XIN tokens. These nodes process/verify transactions and are rewarded XIN through distributions such as punitive Proof-of-Stake (PoS) interest.
This means that if a node is deemed untrustworthy, its staked tokens will be redistributed to the network, and the node will be removed.
Light Nodes
Light nodes act as simple verification nodes that perform double checks on full node processing.
Light nodes that stake XIN act as light witnesses, choosing the node's trustworthiness and determining any appeals before they are removed from the network. These nodes are also rewarded with XIN in proportion to their token ownership.
Mobile Wallet
Mixin Messenger functions as a XIN mobile wallet, which can also store other currencies.
By understanding Mixin (XIN) and the XIN token better, we can make more informed decisions about its investment potential.
XIN Price Prediction
Predicting cryptocurrency prices is challenging because they are influenced by various dynamic factors, such as:
- Technology adoption: As more users and developers become interested in Mixin, demand for XIN will increase, potentially driving the price up.
- Regulation: Government regulation of cryptocurrencies can significantly impact the price of XIN.
- General market trends: Overall cryptocurrency market conditions also influence the price of XIN.
However, several research institutions and crypto analysis platforms dare to provide XIN price predictions for the next few years.
However, please note that these predictions are not a guarantee and should be considered as supplementary information, not as investment advice.
Mixin (XIN) Price Prediction from 2024 to 2050
| Year | Average Price (USD) | Lowest Price (USD) | Highest Price (USD) | Change from Current Price |
| 2024 | $186.36 | $92.09 | $349.18 | +4.12% |
| 2025 | $371.40 | $138.55 | $878.33 | +107.51% |
| 2026 | $210.77 | $201.32 | $627.01 | +17.76% |
| 2027 | $282.57 | $190.33 | $353.08 | +62.59% |
| 2028 | $214.77 | $164.93 | $428.71 | +20.00% |
| 2029 | $189.77 | $152.65 | $325.78 | +6.03% |
| 2030 | $592.47 | $169.57 | $903.83 | +240.90% |
| 2035 | $358.69 | $323.68 | $877.69 | +100.41% |
| 2040 | $400.66 | $335.52 | $736.47 | +123.85% |
| 2045 | $593.34 | $383.30 | $631.23 | +231.51% |
| 2050 | $610.00 | $465.86 | $668.30 | +240.81% |
It should be noted that the predictions above are based on current data and analysis. Actual XIN prices may vary significantly.
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Conclusion
Mixin offers an interesting privacy solution in the world of cryptocurrency. XIN, Mixin's native token, has quite promising growth potential in the future. However, as with any investment, it is important to conduct in-depth research and analysis before deciding to buy XIN.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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