Exchange XELS

xels Price Live Data

The live XELS price today is $ 0.6 usd with a 24-hour trading volume of $189 031 usd. We update our XELS to usd price in real-time. XELS is up 0.48% in the last 24 hours. The current coinmarketcap ranking is #1179, with a live market cap of $11 355 457 usd. It has a circulating supply of 18 992 238 XELS coins and the max. Supply of 21 000 000 XELS coins.

What Is XELS (xels)?

XELS is an eco-conscious blockchain platform enabling corporations and individuals alike the ability to easily and transparently offset their carbon footprint by purchasing tokenized carbon offset credits. Since the birth of carbon offset markets in the wake of the Kyoto and Paris agreements, fraud has been a serious problem. Bad actors have been known to sell fake or expired carbon credits, and credit recycling fraud can lead to double spending of unretired carbon credits (see here for an example of one of the biggest fraud cases to hit carbon credits, which even ensnared Deutsche Bank. Blockchains distributed ledger technology is the perfect use case for carbon credits, as it cannot be changed, reversed, or double spent. Digital assets can also be burned, along with a transaction hash that proves the associated credit has been retired forever. Were initially launching the eponymous XELS token as a platform token to access a future suite of stable tokens pegged 1:1 to various industry-standard voluntary carbon offset credits think of those as being the USDT of carbon credits.



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