XELS PriceXELS

What is XELS (XELS)?

XELS is an eco-conscious blockchain platform that lets corporations and individuals buy tokenized carbon offset credits and record retired credits on-chain. The project positions itself as a bridge between enterprise blockchain adoption and carbon credit markets, offering organizations a straightforward and transparent platform that is easy to navigate. The XELS token operates as an ERC-20 token on the Ethereum blockchain, with a fixed total supply of 21,000,000 tokens. Circulating supply equals total supply (21,000,000 XELS) according to CoinMarketCap registry data. XELS is listed on CoinMarketCap (CMC ID 16962) and its official website is https://www.gxgateway.com/.

Key Specifications & Tokenomics

• Name: XELS
• Ticker / Symbol: XELS
• Token Standard: ERC-20 (Ethereum)
• Contract Address: 0x397Deb686C72384FAd502A81f4d7fDb89e1f1280
• Contract Migration: XELS migrated its contract from V1 (0xE748269494e76c1ceC3F627bb1e561E607dA9161) to V2 (0x397Deb686C72384FAd502A81f4d7fDb89e1f1280); holders should use the V2 address.
• Total Supply: 21,000,000 XELS
• Circulating Supply: 21,000,000 XELS
• Maximum Supply: 21,000,000 XELS
• Market Cap Rank: #4046 (CoinGecko)
• Holders: 535
• Transactions: 2,297
• Active Markets: 9
• Category: Eco-tech / Carbon Credit-backed Digital Asset
• Founder & CEO: Takeshi Nojima

Who created XELS?

XELS was founded by Takeshi Nojima, who serves as Founder and CEO. The team operates primarily out of Tokyo, Japan. XELS launched in 2019 and was listed on CoinMarketCap on 2022-01-06.

How does XELS work?

XELS is an ERC-20 token on Ethereum; the platform provides tools for buying tokenized carbon offset credits and recording retired credits on-chain. The token is tied to carbon credits, which are tradable instruments representing the right to emit a certain amount of carbon dioxide or other greenhouse gases. By combining these elements, XELS aims to incentivize organizations to participate in carbon credit markets through a transparent blockchain-based system. The ERC-20 token runs on Ethereum, providing compatibility with the broader Ethereum ecosystem, including wallets, decentralized applications, and exchanges that support the standard. On-chain data shows 2,297 transactions and 535 holders, indicating a functional but niche network of users.

What makes XELS unique and valuable?

XELS distinguishes itself through its dual focus on enterprise blockchain solutions and carbon credit-backed digital assets. XELS positions itself as a utility-oriented platform for companies engaging with carbon markets. Founder and CEO Takeshi Nojima has said: "We believe that decentralization is the only way that carbon markets can work effectively." The total and maximum supply are both 21,000,000 XELS, and circulating supply equals total supply according to CoinMarketCap registry data. This scarcity model, combined with the carbon credit backing, forms the core of the project's value proposition.

What is XELS used for?

The XELS token serves as the native digital asset of the XELS eco-tech platform. Its primary utility is tied to the carbon credit-backed digital asset model, meaning it is designed to facilitate transactions and interactions within a carbon credit ecosystem. Companies using the platform can leverage XELS tokens as part of their environmental asset management and trading activities. The token also functions as a standard ERC-20 asset on Ethereum, allowing it to be transferred, stored, and traded on supported platforms. As a carbon credit-backed asset, XELS aims to provide organizations with a blockchain-based tool for managing carbon credits transparently, potentially simplifying compliance and reporting processes related to environmental commitments.

How Is the XELS ecosystem developing?

The XELS ecosystem is centered around its enterprise blockchain platform and carbon credit-backed token. XELS trades on 9 active markets according to Yahoo Finance; LiveCoinWatch lists a single exchange (Gate.io, XELS/USDT). XELS maintains a Telegram channel (t.me/xelscoin), a Discord server, and a Twitter account (@xels_PR). On-chain activity shows 535 holders and 2,297 transactions, reflecting a small but active user base. XELS has a block explorer page on etherscan.io for its V2 contract. The project remains in an early stage of development relative to larger enterprise blockchain initiatives.

How to mine XELS?

XELS is an ERC-20 token on Ethereum, so it is not mined. New tokens are not created by mining; the supply is fixed at 21,000,000 XELS issued via smart contract. Tokens are obtained on exchanges that list XELS. Token holders and ecosystem participants interact with XELS through the Ethereum network, where transactions are validated by Ethereum's network of validators.

How to keep your XELS Coin safe?

Because XELS is an ERC-20 token on Ethereum, it can be stored in any wallet that supports the ERC-20 standard. This includes hardware wallets, software wallets, and web-based wallets that are compatible with Ethereum-based assets. For maximum security, a hardware wallet is generally recommended, as it keeps private keys offline and protected from online threats. When using software or web wallets, it is important to enable two-factor authentication where available and to never share private keys or seed phrases with anyone. Users should also verify the official XELS contract address before sending or receiving tokens to avoid interacting with counterfeit tokens. Since XELS is traded on multiple platforms, keeping tokens on exchanges for extended periods carries additional risk, and transferring holdings to a personal wallet provides greater control and security.