XEC
Reputation Ratings

XEC

eCash 2-5 years
Website https://e.cash/
Browser
OTH RELPs
White Paper
Avg Price
0.00%
1D

$ 0.00003143 USD

$ 0.00003143 USD

Market Cap

$ 640.146 million USD

$ 640.146m USD

24h trading volume

$ 10.177 million USD

$ 10.177m USD

7d Vol

$ 68.196 million USD

$ 68.196m USD

Circulating supply

19.7188 trillion XEC

Related information

Issue Time

2021-07-01

Platform pertained to

--

Current price

$0.00003143USD

Market Cap

$640.146mUSD

Volume of Transaction

24h

$10.177mUSD

Circulating supply

19.7188tXEC

Volume of Transaction

7d

$68.196mUSD

Change

24h

0.00%

Number of Markets

97

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Current Rate0

Available

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Historical Price

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

-39.02%

1Y

+45.35%

All

+20.27%

No data
Aspect Information
Short Name XEC
Full Name eCash
Founded Year 2021
Main Founders Emergent Coding community
Support Exchanges HitBTC, Huobi, Binance, CoinEX etc
Storage Wallet Electrum ABC, Cashtab, RaiPay etc

Overview of XEC

XEC, also known as eCash, is a type of cryptocurrency that was established in 2021 by the Emergent Coding community. As a derivative of Bitcoin, eCash is primarily supported on exchanges such as HitBTC, Huobi, Binance, CoinEX etc. To store this cryptocurrency, wallets like Bitcoin ABC and Electron Cash could be viable options. Its creation marks an incremental step in the further expansion and diversification of the cryptocurrency market.

Overview of XEC

Pros and Cons

Pros Cons
Derivative of Bitcoin Relatively new in the market
Supported on various exchanges May need more time to establish authority in the market
Can be stored in established wallets Limited information about the team

Pros:

1. Derivative of Bitcoin: As a derivative of Bitcoin, eCash (XEC) shares the underlying blockchain technology and reliability, which makes it a cryptocurrency that might be considered trustworthy due to its association with a well-proven model.

2. Supported on Various Exchanges: It is supported on a wide range of exchanges such as HitBTC, Huobi, Binance, CoinEX etc. This provides flexibility and ease to potential investors when buying or trading the eCash (XEC) cryptocurrency.

3. Can Be Stored in Established Wallets: The eCash (XEC) token can be stored in recognized and established wallets such as Bitcoin ABC and Electron Cash. This reduces the need for users to set up new wallets, and also ensures a degree of security for their assets.

Cons:

1. Relatively New in the Market: Since it was established in 2021, eCash (XEC) is a relatively new player in the cryptocurrency market. This may affect its recognition and reliability among potential investors, as well as its overall market performance.

2. May Need More Time to Establish Authority in the Market: With its recent inception, the eCash (XEC) token may struggle to establish itself and gain significant authority in the highly competitive and dynamic cryptocurrency market.

3. Limited Information About the Team: There is limited information available about the main founders of eCash (XEC), who are described as the Emergent Coding community. This could cause some potential investors to have reservations due to lack of transparency about the project's leadership.

What Makes XEC Unique?

eCash, or XEC, presents itself as an innovative addition to the cryptocurrency market due to its primary feature of being an offshoot of Bitcoin, leaning towards the concept of “peer-to-peer digital cash.” This suggests a potential for a more user-centric approach to financial transactions, reminiscent of the original concept behind Bitcoin, but tailored to the evolving needs of the market.

Additionally, one of the points of differentiation between eCash (XEC) and other cryptocurrencies is its focus on high-scale transactions. Its design and underlying technology could potentially facilitate faster and more cost-efficient transaction handling compared to its counterparts.

Furthermore, the decision to have eCash (XEC) supported on a variety of exchanges indicates a playing field that extends beyond just one or two platforms, thereby allowing more accessibility for potential traders and investors.

However, as eCash (XEC) is relatively new to the cryptocurrency market, there is an element of inherent risk, as it has not yet had time to fully prove itself and establish a robust presence in the highly competitive arena of cryptocurrencies.

What Makes XEC Unique?

Circulation of XEC

eCash has the same fixed supply as bitcoin. The default base unit of eCash has 2 decimal places (100 satoshis).

eCash (XEC) has a current supply of approximately 19.51 trillion units out of a total supply of 21 trillion bits (XEC). This leaves a fair amount yet to be circulated, indicating the currency is not yet fully minted. The 24-hour inflation rate is quite low at 0.0046%, suggesting slow but steady growth. On a yearly basis, this inflation rate equates to approximately 1.68%. However, this inflation rate is predicted to decrease after the next halving event, expected to fall to 0.83%. This could imply a decrease in new XEC entering circulation and an increase in its scarcity.

Circulation of XEC

How Does XEC Work?

XEC, or eCash, operates on a blockchain technology, similar to Bitcoin, providing a decentralized platform for peer-to-peer transactions. The transactions are verified by a network of computers (nodes) via cryptography and recorded on a public ledger, ensuring security and transparency. Specific functioning details may vary depending on the product or service related to XEC.

Exchanges to Buy XEC

eCash is currently listed on most major exchanges under the XEC ticker. Some of the exchanges where you can trade eCash (XEC) are:

1. HitBTC

2. KUCOIN

3. Huobi

4. CoinEx

5. Binance

6. Coinone

7. bithumb

8. LBank

9. Korbit

10. MEXC

Please note that the actual trading pairs, fees, and accessibility might vary between exchanges, and it's recommended to check directly with the provider.

Exchanges to Buy XEC
Exchanges to Buy XEC

How to Store XEC?

Storing eCash (XEC) requires using a cryptocurrency wallet that supports it. These wallets can either be hardware or software-based. A hardware wallet is a physical device where you can store your cryptocurrency offline, making it secure from online threats. A software wallet, on the other hand, is an online application that can either be web-based, mobile-based, or desktop-based.

For eCash (XEC), the recommended wallets are Bitcoin ABC and Electron Cash. Bitcoin ABC is a full node implementation of the Bitcoin Cash protocol that also supports eCash (XEC). Electron Cash is an SPV wallet, which means it does not need to download the entire blockchain for transaction verification, making it a less space-consuming option.

To store eCash (XEC), one would need to first set up a wallet on any of these platforms. Once the wallet is set up, it will generate an eCash (XEC) address which one can use to receive funds. Its important to securely back up wallet information and private keys to ensure the safety of the tokens.

However, please note that while these wallets can store eCash (XEC), it is advised to do thorough research or consult a financial advisor before proceeding with storing any cryptocurrency.

Exchanges to Buy XEC How to Store XEC?
Exchanges to Buy XEC How to Store XEC?
Exchanges to Buy XEC How to Store XEC?

Should You Buy XEC?

eCash (XEC) might cater to a variety of individuals such as:

1. Cryptocurrency enthusiasts - who are interested in keeping track of the newest coins in the market.

2. Long-term investors - who are looking to diversify their cryptos and are willing to wait for newer coins (like XEC) to establish themselves.

3. Market Speculators - who might find opportunities in trading the coin in various exchanges.

However, investing in XEC (like any other cryptocurrency), is not without its risks due to the volatility of the cryptocurrency market, the coin's relatively recent inception, and limited information about the coin. Therefore, before investing, individuals should:

1. Research: Conduct ample research on XEC with regard to its market performance, technology used, main founders, partnerships, market sentiment etc.

2. Diversify: Avoid putting all your eggs in one basket. Diversifying your cryptocurrency portfolio may help reduce risk.

3. Invest what you are willing to lose: This is a general rule with all investments especially with a market as volatile as cryptocurrency.

4. Seek professional advice: Consider consulting with a financial advisor or investment professional who is knowledgeable about cryptocurrencies before making an investment.

5. Understand it's a long term investment: XEC is somewhat of a new entrant in the market and it might take some time for the coin to establish authority in the market.

This information does not constitute financial advice. The suitability for anyone to invest in XEC varies greatly depending on various factors like one's financial situation, investment portfolio, risk profile, and understanding of the cryptocurrency market. It's always best to seek professional financial advice before any investment.

Conclusion

eCash (XEC) is a fairly new addition to the cryptocurrency market, founded in 2021 by the Emergent Coding community. Developed as a derivative of Bitcoin, eCash facilitates high-scale transactions and offers a user-centric approach to financial exchanges. The XEC token can be traded on multiple exchanges and is compatible with established wallets like Bitcoin ABC and Electron Cash.

The development prospects of eCash are closely linked to its ability to fulfill its goal of being a highly scalable, user-friendly digital cash option. Its association with Bitcoin and its support on multiple established platforms are promising signs, but as a new player in the volatile cryptocurrency arena, it requires time to prove its stability and potential for growth.

As with any cryptocurrency, the potential for XEC to be profitable or appreciate in value depends heavily on market trends, investor interest, and the general performance of the cryptocurrency market. While some investors may see opportunity in its novelty and its ties to Bitcoin, others may find the lack of established history and the limited information about its creators as potential risks. It's therefore essential to undertake a thorough research and potentially seek professional financial advice before undertaking any investments in eCash or any other cryptocurrency. As always, the potential to make money in any form of investment comes with a certain level of risk and should be approached with caution.

FAQs

Q: What is eCash or XEC?

A: eCash, known as XEC, is an evolving cryptocurrency that is a derivative of Bitcoin and was established by the Emergent Coding community in 2021.

Q: In which exchanges is eCash (XEC) traded?

A: eCash (XEC) can be traded on various exchanges, including but not necessarily limited to HitBTC, Huobi, CoinEX, and Coinone.

Q: Can eCash (XEC) be stored in digital wallets?

A: Yes, eCash (XEC) tokens can be stored in established software wallets like Cashtab and ABCpay.

Q: What differentiates eCash (XEC) from other cryptocurrencies?

A: XEC distinguishes itself through its user-centric approach and its focus on facilitating high-scale transactions, drawing upon its foundational technology derived from Bitcoin.

Q: Who can potentially invest in eCash (XEC)?

A: Potential investors in eCash (XEC) could span cryptocurrency enthusiasts, long-term investors looking to diversify their portfolio, and market speculators, although appropriate financial advice should be sought before any investment decisions.

Q: What are the principles that govern eCash (XEC)'s operation?

A: eCash (XEC) operates on blockchain technology similar to Bitcoin, but it emphasizes a user-friendly approach and high-scale transaction processing.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

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4 ratings

Participate in evaluation
Lala27
Despite being among the top 50 cryptocurrencies, eCash's lack of a white paper has caused some investors to remain cautious.
2023-11-18 08:59
3
amirshariff24
the price did not recover i hope they could find ways to solve it.
2023-10-16 21:04
9
Dory724
Positioned as a hub for decentralized applications. Unique, but faces competition in a crowded market. Monitor adoption and developer interest.
2023-11-24 19:15
6
云南古树茶大伟
Fraud platform. Stay away from it.
2021-08-23 09:17
0