XELS is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of XELS are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review XELS token by explaining what the coin is about, tokenomics, ICO, staking insights of the project, listing the pros and cons, the supply and how legit/safe the token is for investment.
What is XELS?
XELS is using blockchain and other breakthrough technologies to promote a greener planet, has announced its pioneering new platform for minting carbon credits as non-fungible tokens, or NFTs (ERC-721). XELS Platform & Carbon Credit NFTs. NFTs are one-of-a-kind digital assets that serve as immutable proof of ownership. NFTs offer transparency and public traceability, making them the perfect vehicle by which to mint the world’s next generation of fully-digital voluntary emissions reductions (VERs, or voluntary carbon credits).
The XELS Platform will benefit from the company’s existing technology, which utilizes cutting-edge satellite imagery and artificial intelligence to map out and quantify the actual amount of carbon being neutralized by protected lands and reforestation efforts in Japan and Australia. XELS’ enterprise blockchain and eponymous token provide the infrastructure for businesses and individuals alike to interact with the global carbon offset markets in a simple, cost-effective, and energy-efficient way.
One of the most powerful features of the XELS platform is the ability for projects to create an infinite amount of digital carbon credit NFTs in a single transaction, saving gas fees while reducing the energy usage associated with multiple blockchain transactions.
There are 5,945,774.09 XELS in supply worldwide.
Pros and Cons of XELS
Pros of XELS
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – XELS
Cons of XELS
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is XELS Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, XELS have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is XELS Safe?
Being willing to invest in any token is a question entirely up to you to answer. XELS token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
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