Imagine a network where digital asset transactions are practically instantaneous, transaction fees are non-existent, and privacy is robustly enhanced. Enter Mixin (XIN), a cutting-edge peer-to-peer transactional network for digital assets, leveraging the power of Directed Acyclic Graph (DAG) and Byzantine Fault Tolerant protocols. Designed to solve the shortcomings of traditional blockchains, Mixin aims to achieve trillions of transactions per second, sub-second final confirmations, and unlimited extensibility. Discover how Mixin is set to revolutionize the way digital assets are traded and managed. Intrigued? Read on to unveil the mechanics behind this transformative technology.

What is Mixin (XIN)?

Mixin (XIN) bills itself as a free and lightning-fast peer-to-peer transactional network for digital assets. Leveraging Directed Acyclic Graph (DAG) and Byzantine Fault-Tolerant protocols, Mixin aspires to help other blockchains achieve trillions of TPS (transactions per second), sub-second final confirmations, zero transaction fees, enhanced privacy, and unlimited extensibility.

Token Market Data

• Current Price: $258.2713
• Market Cap: $0.00
• 24h Price Change: -3.58%
• 7d Price Change: -21.54%
• 30d Price Change: 130.61%
• 24h High: $269.7416
• 24h Low: $258.2713
• All-Time High: $2387.6001 (2018-01-12)
• All-Time Low: $0.0000 (2021-01-15)
• Circulating Supply: 0.00
• Total Supply: 1,000,000.00

The Purpose and Utility of Mixin (XIN)

Addressing Blockchain Shortcomings

The Mixin crypto token, XIN, serves as the sole token used by many services in the Mixin Network, including full node collateral, DApp creation, and API calls. The Mixin Network is designed to address the shortcomings of the Bitcoin network, such as insufficient transaction capacity, slow confirmation, and high transaction fees. The Mixin Network aims to empower all popular distributed ledgers by allowing them to gain trillions of TPS, sub-second final confirmation, zero transaction fee, enhanced privacy, and unlimited extensibility.

Network Structure

The Mixin Network is composed of a single theoretically permanent Kernel, many dynamic Domains, and different multi-purpose Domain Extensions, forming an extended star topology. The Mixin Kernel is a high-performance distributed ledger responsible for verifying asset transactions, while Mixin Domains provide assets to the Mixin Kernel. Each Mixin Domain is a distributed ledger that can provide assets from various blockchains or central organizations like banks. The Mixin Domain Extension is where the magic happens, enabling various functionalities such as Ethereum contracts, EOS contracts, and distributed exchanges on somewhat trusted instances.

Security and Privacy

The Mixin Network utilizes Intel SGX as the implementation of TEE to ensure the security of mainnet nodes, and SPV light nodes supervise the mainnet nodes to prevent evil. Mixin uses DAG as the underlying data structure model, ensuring asynchronous and efficient operations and the correctness of consensus results through the Asynchronous Byzantine Algorithm. The network also strengthens UTXO transaction privacy through CryptoNote technology.

Tokenomics and Distribution Model

Total Supply and Distribution

The Mixin (XIN) crypto token has a total supply of 1,000,000 tokens. The tokenomics and distribution model of Mixin includes:

1. Token Distribution:
2. 400,000 XIN will be listed as an XIN/EOS trading pair on BigONE without price limit from Nov 25 until Dec 25.
3. 500,000 XIN will be reserved as the incentives for all TEE-BFT full nodes and DAG light nodes.
4. 50,000 XIN will be reserved for the core development team.

5. 50,000 XIN will be the bonus for whitelist users and campaign.

6. Token Utility:

7. XIN is the sole token used by many services in Mixin.

8. All XIN fees charged by the Mixin platform will be burned to increase the existing token value.

9. Token Supply:

10. The total supply is 1,000,000 XIN.
11. The circulating supply is 599,081 XIN.

Inflation Control Mechanisms

Mixin Network's tokenomics include a fixed token supply, token burning to reduce circulating supply and support the token's price, and staking rewards to incentivize users to participate in the network's security and operations.

Unique Features and Benefits

Collateral for Nodes

The Mixin crypto token, also known as XIN, serves multiple purposes and utilities within the Mixin Network ecosystem. It is primarily used as collateral for nodes participating in the network's bookkeeping, ensuring the security and integrity of the system. Nodes need to pledge a certain amount of XIN (11,000 XIN) to participate in the bookkeeping process. If a node is identified as an attacker, its collateral will be confiscated into the mining pool.

Domain Gateway

XIN also plays a role in the Domain gateway, which manages the deposits and withdrawals of on-chain assets in the Mixin Network. The Domain gateway requires a large pledge of XIN to join, and the management of assets is decentralized through multiple domains as the amount of assets increases. The Domain gateway does not have the complete private key of an on-chain asset, and key sharding technology is used to ensure the security and availability of the private key.

Medium of Exchange

In addition to its role in the network's security and asset management, XIN is also used as a medium of exchange within the Mixin ecosystem. Mixin Wealth, a decentralized fund marketplace, supports XIN and allows secure fundraising and subscription services for fund managers and investors. Mixin Safe, a decentralized Bitcoin custody solution, also supports XIN and offers a comprehensive suite of solutions to help Bitcoin investors confidently hold their assets.

Intel SGX and SPV Light Nodes

One unique feature of Mixin is its use of Intel SGX as the implementation of TEE to further improve security. This ensures that the "running code" of the mainnet node is indeed "the code it claims to be running," preventing unauthorized changes to the code. Mixin also utilizes SPV light nodes to supervise the main network nodes, detecting and preventing any malicious behavior.

The Team Behind Mixin

Core Team Members

The Mixin crypto token is developed by the team behind Mixin Network, which consists of experienced professionals in the blockchain and Bitcoin technology field. The team members have over 10 years of experience in the industry.

1. Founder and CEO: The founder and CEO of Mixin Network has extensive experience in the blockchain and Bitcoin technology field. They have been involved in the development of various blockchain projects and have a deep understanding of the technology and its applications.
2. CTO: The CTO of Mixin Network is responsible for the technical direction of the company. They have