XNO
XNO

Nano price

$0.86558
-$0.00660
(-0.76%)
Price change from 00:00 UTC until now
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Nano market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$115.38M
Circulating supply
133,248,290 XNO
Market cap ranking
167
24h high
$0.88627
24h low
$0.85778
All-time high
$3.0000

Nano price performance in USD

The current price of Nano is $0.86558. Since 00:00 UTC, Nano has decreased by -0.76%. It currently has a circulating supply of 133,248,290 XNO and a maximum supply of 133,248,290 XNO, giving it a fully diluted market cap of $115.38M. At present, Nano holds the 167 position in market cap rankings. The Nano/USD price is updated in real-time.
Today
-$0.00660
-0.76%
7 days
-$0.02872
-3.22%
30 days
-$0.00542
-0.63%
3 months
$0.026580
+3.16%

About Nano (XNO)

3.6/5
CyberScope
4.1
10/08/2024
TokenInsight
3.0
03/14/2023
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Nano is a peer-to-peer payment system blockchain launched in 2014 by Colin LeMahieu. The project was initially known as RaiBlocks, and its native token was XRB. However, in 2018, it was rebranded as Nano, and in 2021, its native token was renamed to XNO.

Nano created a blockchain that allows for quick transactions at no cost to its users. Transactions on the Nano blockchain are completed in a fraction of a second and at no cost to the user. This is in contrast to most other blockchains, where transactions can take several minutes to complete, and users must pay transaction fees to carry out transactions. Furthermore, Nano is built with a different ledger technology called directed acyclic graph (DAG). This enables very high transactional throughput, in the 1,000 transactions per second range.

The XNO token is the Nano blockchain's native token, and it is used for various purposes, including microtransactions, banking infrastructure, online and in-store payments, remittances, foreign exchange, and trading. One of the most critical applications of the XNO coin is in the selection of its network validators, known as representatives.

Nano has forged several partnerships that have helped it strengthen its market position. Some noteworthy entities that constitute the Nano ecosystem include CryptoUK, University of East London, Alternative Airlines, Ledger, Atomic Wallet, Exodus, Guarda, Coinify, Simplex, CS:GO, Raiblocks MC, Quake III, SOS Kinderdorf, and Crypto for the Homeless.

How does Nano work?

Nano was created to facilitate global payments without transaction costs and instant finalization. Bitcoin was launched in 2009 as the first successful digital currency offering an alternative to traditional fiat currencies. However, Bitcoin had problems, and Nano was developed partly to try and fix those problems.

The first problem was that Bitcoin could not scale easily because every node on the blockchain had to have a complete copy of the blockchain stored and updated for each transaction. The process of maintaining the blockchain became difficult as the network grew. Bitcoin also had latency problems, and transactions took a long time to confirm because of the Proof of Work consensus (PoW) model. The PoW consensus model is also very energy-intensive, requiring significant processing power.

To solve these problems, Nano was launched, running a version of the Proof of Stake (PoS) consensus model known as Delegated Proof of Stake (DPoS). In addition, the Nano blockchain runs a unique version of DPoS known as the Open Representative Voting system. In this consensus system, holders of the XNO token vote for representatives who act as validators, confirm transactions, and secure and update the blockchain.

The Open Representative Voting consensus system is much less energy intensive than the PoW consensus mechanism and poses no environmental threat. According to data from payments solutions provider Wirex, 15 million transactions on the Nano blockchain require less energy than a single transaction on the Bitcoin blockchain.

Nano also runs on a blockchain with what is known as a block-lattice approach to generating blocks. Using this model, each user on the Nano blockchain has their blockchain linked to their account. When a transaction is carried out between two users, both their blockchains are updated to show the transaction that has taken place. Using this approach, transactions can be finalized instantly. This is because, unlike most other blockchains, Nano does not have to validate all the transactions carried out at a specific time before updating the blockchain.

The blockchains connected to each account are updated, and transactions are finalized immediately. To keep the blockchain coherent, the representatives vote on the validity of transactions by confirming that the total amount of all XNO tokens in the accounts on the blockchain is equal to the amount of the total amount of XNO tokens in circulation.

XNO price and tokenomics

During Nano's initial founding as RaiBlocks, 340 million XRB tokens were set as the initial maximum supply and distributed to the public through a crypto faucet. A total of 126,248,289 XRB tokens were released this way. In addition, the Nano developer fund held 7 million XNO tokens, resulting in a total of 133,248,290 XNO tokens in circulation. After the faucet's closure, the Nano team burned 207,034,069 Nano coins by sending them to an unrecoverable burn address.

When Nano was first launched as RaiBlocks, there was a 340 million XRB initial maximum supply, and tokens were distributed to the general public using a mechanism called a crypto faucet. Through the faucet, 126,248,289 XRB tokens were made available to users. That, combined with the 7 million XNO tokens in the Nano developer fund, brings the total amount of XNO tokens in circulation to 133,248,290 XNO. After the faucet was shut down, the Nano team sent 207,034,069 tokens to a burn address.

On January 2, 2018, XNO reached an all-time high of $33.69. This was also when the project's name was changed from RaiBlocks to Nano. XNO does not have a mining or creation process because the people who run nodes on the network are not rewarded for keeping the network running. XNO has been fully diluted, and the entire supply of XNO tokens is now in circulation. There will be no new XNO tokens created in the future.

About the founders

Nano was founded in October 2015 by Colin LeMahieu, an accomplished software engineer and developer who has previously worked with tech giants like Qualcomm, AMD, and Dell. LeMahieu is also the founder of Nano Foundation, a non-profit organization that oversees the Nano projects. Alongside LeMahieu, Nano Foundation is headed by foundation director George Coxon and general counsel Maulin Shah.

Nano was first launched as RaiBlocks in 2014 with the release of the XRB tokens. The XRB tokens were released to the public via a captcha challenge which anyone could enter and complete captcha challenges to earn XRB tokens. The distribution method was chosen to ensure a fair distribution of the token, as anyone could get as many tokens as they were willing to put in the work.

The project was rebranded to Nano in January 2018 to reflect its lightweight design and one of its use cases — microtransactions. In November 2021, Nano coin's ticker was also changed from NANO to XNO. This was done to comply with the globally recognized international organization for standardization (ISO) requirements.

Nano highlights

XNO payments in India

As the global adoption of Nano as a payment system and XNO as a worldwide currency continues, Nano has taken a big step forward in India. A restaurant in Kolkata, India, the Vyanjan restaurant, has started accepting XNO payments for purchasing goods. In a blog post detailing the reason for choosing XNO above other cryptocurrencies, the restaurant said Nano's design made it especially suited for day-to-day payments of small amounts, like buying groceries and food.

Coin Cloud ATM integration

Leading cryptocurrency ATM services provider Coin Cloud has announced that it is adding XNO to the list of cryptocurrencies supported by the company. Coin Cloud has 6000 cryptocurrency ATMs in locations worldwide, and now XNO token transactions can be carried out on those ATMs.

NOWPayments adds XNO payments

Cryptocurrency payment services provider NOWPayments has announced that XNO will be added to its Switchere product. Switchere is a crypto payments service provider that allows merchants and businesses to accept payments in cryptocurrency and withdraw those payments in fiat currency. Switchere users can now accept XNO payments and seamlessly withdraw funds in fiat currency.

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3.4K new posts about Nano, driven by 852 contributors, and total online engagement reached 5.8M social interactions. The sentiment score for Nano currently stands at 77%. Compared to all cryptocurrencies, post volume for Nano currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Nano.
Powered by LunarCrush
Posts
3,417
Contributors
852
Interactions
5,760,285
Sentiment
77%
Volume rank
#0

X

Posts
1,761
Interactions
911,808
Sentiment
81%

XNO FAQ

What is XNO?

The XNO token is the native token of the Nano blockchain. It is used as a currency, a means of exchange and payments, and a store of value on the Nano blockchain. Nano is also working towards making XNO a global, legally recognized currency.

Is Nano a secure blockchain?

Nano's Open Representative System consensus mechanism places the power over the blockchain in a handful of representatives who maintain consensus over transactions on the blockchain. This leaves the blockchain open to dangers like a Sybil attack that comes with a blockchain's centralization. To protect against some of these dangers, Nano assigns each representative voting power proportional to how many XNO tokens the people who voted for that representative own in their Nano wallets. In this way, the balance of power is constantly shifting, and no one person can easily take control of the blockchain.

Where can I buy XNO?

Easily buy XNO tokens on the OKX TR cryptocurrency platform. One available trading pair in the OKX TR spot trading terminal is XNO/USDT. You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for XNO with zero fees and no price slippage by using OKX TR Convert.

How much is Nano worth today?
Currently, one Nano is worth $0.86558. For answers and insight into Nano's price action, you're in the right place. Explore the latest Nano charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Nano, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Nano have been created as well.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning.
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