1. What is XEP?

XEP (Electra Protocol) is a cryptocurrency, and here are its main features:

1. Community-driven: XEP is a project driven by volunteers, with no ICO (Initial Coin Offering) or fundraising activities.

2. Blockchain technology: The Electra Protocol blockchain is a first-layer global environment that includes smart contracts and validator nodes. The project is under development and aims to provide cryptocurrency payment tools.

3. Use cases: XEP can be used for cryptocurrency payments and is currently being tested. The goal of the project is to support decentralized applications (DApps) and smart contracts.

4. Availability: XEP has been listed on exchanges like MEXC, where users can buy, hold, transfer, and stake XEP tokens.

In summary, XEP is a community-driven cryptocurrency based on blockchain technology, designed to provide secure and convenient payment solutions.

2. Who founded XEP?

The Electra Protocol (XEP) is a community-driven project with no specific founding members. The blockchain ecosystem of the project is developed and maintained collectively by volunteers and community members, without using external funding. Although there is no specific founder, there is a core team responsible for organizing and carrying out development activities related to the Electra Protocol, with the support of the Electra Foundation.

3. Which venture capital invested in XEP?

According to the provided search results, there is no direct mention of which venture capitalists invested in the cryptocurrency XEP. These results mainly discuss the investment situations of other cryptocurrencies and blockchain projects, such as Ethereum, XRP, Axie Infinity, OpenSea, etc., but do not specifically mention investment information for XEP.

If you need to understand the investment information for XEP, you may need to conduct a more specific search or refer to relevant financial news and investment reports.

4. How does XEP operate?

XEP (Electra Protocol) is a cryptocurrency that operates on a Proof of Stake (PoS) mechanism, designed to provide fast and secure blockchain transactions. Here are the main operational principles of XEP:

1. Proof of Stake (PoS): XEP uses the PoS mechanism to validate transactions and create new blocks. This mechanism does not require significant computational resources but rather determines who has the right to validate transactions and create new blocks based on the amount of XEP held by the user.

2. Dynamic blocks: The XEP blockchain can process over 1500 transactions per second, ensuring scalability and instant transaction processing capability. The block time is 80 seconds, with instant processing facilitated by a unified transaction management system.

3. Transaction cost adjustment: When transaction loads approach the system threshold, XEP triggers a mechanism to adjust transaction costs, thereby maintaining high network performance.

4. ElectraPay: The flagship product of XEP is ElectraPay, a comprehensive financial management system tailored for e-commerce merchants.

Overall, XEP provides rapid and secure transaction processing capabilities through its efficient PoS mechanism and dynamic block design, making it suitable for various cryptocurrency application scenarios.