About XELS
XELS is an eco-conscious blockchain platform enabling corporations and individuals alike the ability to easily and transparently offset their carbon footprint by purchasing tokenized carbon offset credits. Since the birth of carbon offset markets in the wake of the Kyoto and Paris agreements, fraud has been a serious problem. Bad actors have been known to sell fake or expired carbon credits, and credit “recycling” fraud can lead to double spending of unretired carbon credits (see here for an example of one of the biggest fraud cases to hit carbon credits, which even ensnared Deutsche Bank. Blockchain’s distributed ledger technology is the perfect use case for carbon credits, as it cannot be changed, reversed, or double spent. Digital assets can also be “burned,” along with a transaction hash that proves the associated credit has been retired forever. We’re initially launching the eponymous XELS token as a “platform token” to access a future suite of stable tokens pegged 1:1 to various industry-standard voluntary carbon offset credits – think of those as being the “USDT” of carbon credits.
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Market Stats
Market Cap
$1.37M
-0.41%
FDV
$1.37M
Circ. Supply
21M XELS
Max Supply
21M XELS
Total Supply
21M XELS
Diluted Valuation
$1.37M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$129.68K
-4.53%
Volume (7D)
$966.91K
Volume (30D)
$4.52M
All time high
$5.47
Price Change (1Y)
25.32%
Additional details
Market details
XELS vs markets
↘ 26.48%
XELS vs BTC
↘ 24.75%
XELS vs ETH
↘ 21.12%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xE748269494e76c1ceC3F627bb1e561E607dA9161 | |
Ethereum | 0x397Deb686C72384FAd502A81f4d7fDb89e1f1280 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0654 | ↘ 0.40% |
1 Day | $0.0657 | ↘ 0.39% |
1 Week | $0.0523 | ↗ 25.00% |
1 Month | $0.0431 | ↗ 51.93% |
1 Year | $0.0522 | ↗ 25.32% |
FAQ
XELS is a platform that utilizes blockchain technology with the aim of promoting environmental sustainability. It seeks to contribute to a greener planet by minting carbon credits as non-fungible tokens (NFTs). These NFTs serve as immutable proof of ownership and aim to offer transparency and public traceability, positioning them as a potential tool for the next generation of voluntary emissions reductions (VERs). The XELS platform uses advanced satellite imagery and artificial intelligence to quantify the actual amount of carbon being neutralized by protected lands and reforestation efforts. It aims to provide an infrastructure for businesses and individuals to interact with global carbon offset markets in a simple, cost-effective, and energy-efficient way.
The XELS platform allows projects to create a multitude of digital carbon credit NFTs in a single transaction, aiming to reduce energy usage associated with multiple blockchain transactions. Users may allocate one XELS token per 10 tons of carbon to mint a custom carbon offset NFT equal to the amount of carbon they wish to sequester. Upon burning the offset-backed NFT, the XELS tokens will unlock, forming the basis of the XELS platform's consensus mechanism. XELS also provides a certificate as proof of the amount of carbon sequestered after each NFT is burned on its platform.
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Social stats
Popularity in posts
#2761
Contributors
1
Posts
14
% About XELS
0.003%
Hold times
0 days
X (Twitter)
100% bullish
Sentiment
5.0 ★
Highlights
1 unique individuals are talking about XELS and it is ranked #2,761 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, XELS has an average sentiment score of 100 out of 5. Finally, XELS is becoming less newsworthy, with 0 news articles published about XELS.
On Twitter, people are mostly bullish about XELS. There were 100% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about XELS. 0% of tweets were neutral about XELS. These sentiments are based on 24 tweets.
On Reddit, XELS was mentioned in 0 Reddit posts and there were 0 comments about XELS. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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