Amidst the sea of cryptocurrencies vying for attention, xRhodium (XRC) emerges as a noteworthy contender with a unique value proposition. Launched on October 28, 2018, xRhodium aims to be a premier store-of-value coin and serves as the foundational currency for the innovative FreeMarket.One decentralized marketplace. Unlike many cryptos that are forks of existing blockchains, xRhodium operates on its own blockchain, promising enhanced security and reliability.
Boasting an exclusive total supply cap of 2.1 million XRC and programmed exclusively in C#, xRhodium introduces a unique "Strong Hands Program" rewarding dedicated holders over four years. Future enhancements include an NFT decentralized marketplace, poised to revolutionize the crypto space. Discover how xRhodium stands apart in the crowded crypto ecosystem.
The Purpose and Utility of xRhodium
Bridging Crypto Assets and Traditional Investments
The xRhodium crypto token (XRC) is designed to bridge the gap between crypto assets and traditional investments by facilitating peer-to-peer (P2P) exchange between XRC and investors through the "FreeMarket.one" decentralized application. The token aims to create a crypto asset with viable long-term use cases, initially distributed via airdrop to existing Bitcoin holders.
xRhodium operates independently of any centralized exchanges or banks, maintaining a record of transactions on its own blockchain with a total supply of 2.1 million XRC. The token is generated through the computational solution of mathematical problems through mining, using the X11 Proof-of-Work (PoW) algorithm.
Addressing Key Problems
The xRhodium project aims to address the problem of connecting crypto assets with traditional investments, providing a decentralized platform for P2P exchange. The X11 algorithm offers performance, security, and lower energy costs, while DigiShield protects against multi-pools and over-inflation of easily mined new coins, ensuring the blockchain remains functional during large fluctuations in hash power.
In summary, the xRhodium token aims to provide a long-term, viable crypto asset for investment, facilitating P2P exchange and maintaining a secure, decentralized blockchain through the X11 PoW algorithm and DigiShield protection.
Unique Features and Benefits
Scarcity and Security
The purpose and utility of the xRhodium (XRC) crypto token are to serve as a store of value, offering investors a secure and stable investment option. It is built on top of the Bitcoin blockchain, utilizing the same secure technology that has made Bitcoin a household name in the world of cryptocurrency. One of the key features of xRhodium is its scarcity, with only 2.1 million XRC tokens in existence, making it a truly limited asset. This scarcity, combined with the solid technology behind it, gives xRhodium the potential to become a coveted digital asset.
Staking Program
In addition to its scarcity, xRhodium offers investors the opportunity to participate in a unique staking program. By staking their XRC tokens, investors can earn a passive income in the form of Rhodium coins, a special reward token linked to the value of xRhodium.
Advanced Mining Algorithm
xRhodium is also unique in its use of the X11’s chained hashing algorithm, which combines a sequence of eleven hash functions for the proof-of-work, providing performance, security, and lower energy costs. Additionally, xRhodium uses DigiShield to protect against multi-pools and an over-inflation of easily mined new coins, accounting for wild fluctuations and preventing the blockchain from "freezing" during large exodus of hash power.
Community-Driven Development
xRhodium is a community-driven coin, developed for the people, with a record of transactions maintained on its own blockchain, and new units generated by the computational solution of mathematical problems through mining. It is fully open-source, free for anyone to improve and develop.
Tokenomics and Distribution Model
Total Supply and Distribution
The tokenomics of xRhodium (XRC) involves a total supply of 2.1 million XRC, which is generated through a proof-of-work (PoW) mechanism using the X11 chained hashing algorithm. The distribution model of xRhodium includes mining, with measures in place to protect against multi-pools and over-inflation of easily mined new coins through DigiShield.
The total supply of xRhodium is capped at 2.1 million XRC, and the circulating supply is not explicitly stated in the provided sources. However, the circulating supply is typically lower than the total supply due to tokens being locked or stored by owners.
Token Distribution Mechanism
The xRhodium distribution mechanism is not explicitly mentioned in the provided sources. However, it is known that xRhodium is a community-driven coin, implying that the community plays a significant role in its distribution and development.
Tokenomics Design
The tokenomics design of xRhodium includes measures to stabilize the price of the token, such as buyback and burn mechanisms. It also includes a clear governance structure, allowing community members to propose and vote on changes to the protocol.
Inflation Control Mechanisms
To control inflation, xRhodium has a staking program that allows investors to earn a passive income in the form of Rhodium coins, a special reward token linked to the value of xRhodium. By staking their XRC tokens, investors can participate in this unique opportunity and help maintain the network's security and stability.
The Team Behind xRhodium
Community-Driven Development
The xRhodium crypto token is a community-driven coin, and there is no specific team or company behind it. However, the project has a community of supporters and developers who contribute to its development and maintenance.
The xRhodium whitepaper provides some information about the project's development team, but it does not provide specific names or qualifications. The whitepaper mentions that the project is open-source and free for anyone to improve and develop.
Active Community
The xRhodium community is active on social media platforms such as Twitter, Discord, and Telegram, where users can connect with other supporters and developers of the project. The community is responsible for the development and maintenance of the xRhodium blockchain, which uses the X11 chained hashing algorithm for proof-of-work (PoW) mining.
Vision and Goals
The project's website also mentions that xRhodium is a commodity developed for the people, with a total supply of 2.1 million XRC. The project aims to provide a real, valuable commodity that can be used as a store of value for the future, along with Bitcoin.
Market Data and Performance
Current Market Statistics
- Current Price: $0.0166
- Market Cap: $0.00
- 24h Price Change: 1.36%
- 7d Price Change: -99.66%
- 30d Price Change: -99.54%
- 24h High: $0.0166
- 24h Low: $0.0163
- All-Time High: $49.3159 (2019-04
