Details

What is XED

Tokens

1. What is xed?

Introduction to Tokens

Tokens are a type of digital asset that does not require the involvement of trusted intermediaries such as custodians or banks, and are maintained and recorded directly on the blockchain. Each type of Token exists on the blockchain as a decentralized ledger, which records, clears, and verifies every transaction made on the network.

Main Features of Tokens

  1. Decentralization: Tokens do not rely on centralized entities to verify participants and transactions; instead, transactions are verified by multiple independent "miners" and recorded on the blockchain.
  2. Security: Tokens ensure the security of transactions through blockchain technology, preventing fraud, cyber attacks, hacking, and other malicious activities.
  3. Scalability: The underlying technology of different Tokens' blockchains determines their scalability.
  4. Stability: Tokens typically exhibit significant price volatility, and stability is one of their important characteristics.

Classification of Tokens

  • Proprietary Blockchain: Bitcoin, Ethereum, Solana, etc., have their own proprietary blockchains.
  • Shared Blockchain: Uniswap, Chainlink, Maker, etc., use existing blockchains, such as the Ethereum blockchain.

Applications of Tokens

  • Anonymous Payments: Tokens provide a relatively anonymous payment mechanism independent of financial institutions or governments.
  • Investment: Tokens are used as investment tools, attracting many investors.

Regulatory Situation

  • China's Regulation: China has全面禁止虚拟货币交易, including services provided by overseas virtual currency exchanges to residents within China.

2. Who founded xed?

According to the search results provided, there is no specific information found about the founder of Exeedme (XED). These results mainly provided data such as the price of XED, market capitalization, and trading platforms, but did not mention its founder. Therefore, the search results do not allow us to identify the founder of Exeedme.

3. Which venture capital firms invested in xed?

Here are some venture capital firms that have invested in Tokens and blockchain projects:

  1. Lightspeed Venture Partners: Participated in Wintermute's Series B funding round, leading with $20 million.
  2. Blockchain Ventures: Participated in Wintermute's Series B funding round.
  3. Pantera Capital: Participated in Wintermute's Series B funding round.
  4. Hack VC: Invested in multiple blockchain projects, including Eclipse's $50 million funding round.
  5. a16z: Led OpenSea's Series A and B funding rounds, amounting to $23 million and $100 million, respectively.
  6. Libertus Capital: Led Sky Mavis (the parent company of Axie Infinity)'s $7.5 million funding round.
  7. Blocktower Capital: Participated in Sky Mavis's $7.5 million funding round.
  8. Konvoy Ventures: Participated in Sky Mavis's $7.5 million funding round.
  9. Placeholder: Co-led Eclipse's $50 million funding round with Hack VC.
  10. Polychain Capital: Participated in Eclipse's $50 million funding round.
  11. Delphi Digital: Participated in Eclipse's $50 million funding round.
  12. Infinity Ventures Crypto (IVC): Holds an optimistic view on investment in the GameFi sector, expecting more development opportunities in 2024.

4. How does xed work?

Tokens are a type of digital currency that uses cryptographic techniques to secure transactions and control the creation of new units. Below is an overview of how it works:

  1. Decentralization: Tokens are not controlled by any central authority or government. They are based on blockchain technology, which is a distributed public ledger that records all transactions on the network.

  2. Blockchain: The blockchain is the core technology of Tokens. It is maintained by a network of computers, rather than a central authority, making it difficult to change or tamper with. The blockchain records all transactions, ensuring the security and transparency of transactions.

  3. Transactions: Transactions of Tokens are peer-to-peer and anonymous. Users can store and spend Tokens using cryptographic wallets. Transactions are recorded on the blockchain and are verified and protected through cryptographic techniques.

  4. Mining: Units of Tokens are created through a process called mining. Mining involves using computer power to solve complex mathematical problems that generate coins.

  5. Cryptographic Wallet: Tokens are stored in digital wallets. Users can use these wallets to conduct transactions and secure their assets through cryptographic techniques.

  6. Nodes: Nodes of Tokens are an important component of the blockchain network. They store blockchain data, validate and approve new transactions, and ensure the security and stability of the network.

In summary, Tokens achieve secure, transparent, and anonymous transactions through blockchain technology, cryptographic algorithms, and decentralized networks.

Share to