Mixin (XIN) 2018-05-02T22:26:40+00:00

Mixin (XIN)

Project Description

Purpose

Mixin XIN is a messenger that can be used to transfer all cryptocurrencies with end-to-end encryption, offering the easiest way for anyone to enter the blockchain world.

The platform is designed to offer everyone a fair platform, created on a decentralized network – built with the purpose of processing transactions, contracts and businesses within seconds. It is a p2p based system that will make it possible for any third parties to use the system successfully and safely through the use of contracts. The purpose of the platform is to provide an ultra-safe and decentralized environment where people can go to make safe exchanges and transactions.

 

Strengths

  • Mixin XIN allows users to send cryptocurrencies to each other only using a phone number
  • All messages are end-to-end encrypted with the Signal protocol
  • Users only need to remember a 6 digits PIN instead of a private key

 

Weaknesses

  • There is no roadmap
  • The website is extremely empty
  • The whitepaper is very short and doesn’t really explain how Mixin works

 

Network Status

The Mixin app is already available on iOS and Android.

 

Roadmap

There is no available roadmap for Mixin yet.

 

Governance

XIN is the sole token used by many services in Mixin, especially full node pledge, the DApp creation and API calls.

To join the network as a full node, it should pledge at least 10,000 XIN tokens to establish the initial trust. Every DApp creation will cost some XIN for one time, the cost is determined by the resources the DApp claimed to consume. The Mixin API calls from DApp will cost some XIN depends on the call type and count. All the XIN fees charged by platform will be burned to increase the existing XIN tokens value. This means normal users won’t get charged to use the service while only DApp developers are charged, however, the DApp may charge users for its service.

 

Similarities

Mixin XIN is similar to Electroneum and Skrumble Network because they all are blockchain-based mobile messenger apps.

 

Notable partnerships

Mixin has no notable partnerships.

 

Exchange

XIN is only traded on BigONE.

 

Stack

Mixin is an application layer built on top of the EOS blockchain.

 

Mixin XIN Community

Facebook: 4 400 likes
Twitter: 2 244 followers

 

Price history

May-2018: 1 181.83 USD
April-2018: 345.82 USD
February-2018: 1 573.02 USD
January-9th-2018: 2 320.38 USD

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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.

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