Believe in XION: The Mainnet is Live
The very first walletless L1 purpose-built to support widespread Web3 adoption has officially launched its mainnet.
XION, the world’s first walletless L1 designed to drive mass adoption by removing barriers to Web3 participation, has officially launched its mainnet today. Purpose-built with user experience at its core since 2021, XION has brought about Web3’s next frontier, supported by a global community of nearly 6 million users and Syndicates. XION has also launched $XION, the token powering the XION ecosystem and now widely available across the world.
XION’s mantra in the run up to this launch, “Believe in Something,” encapsulates what it takes to rewrite Web3’s future and make it more accessible than ever before. Both the mainnet, and the $XION token are declarations of faith in a more inclusive, user-centric future where decentralization, true ownership, and sovereignty aren’t gatekept by technicalities, but built for everyone.
The Story So Far: Burnt’s Vision and Journey
The journey began three years ago when Burnt Banksy got the world talking by burning a Banksy painting and creating an NFT to demonstrate the promise of digital ownership and scarcity. This propelled NFTs into mainstream discussions globally — further popularized by coverage from top tier media publications.
However, Burnt Banksy soon realized the industry was trapped in an echo chamber which was building solutions for insiders while alienating the rest of the world; the very users Web3 sought to empower with its boundlessness and inclusivity. Complex user interfaces, technical jargon, and fragmented ecosystems had gatekept what was one of the world’s greatest inventions from everyday users.
Determined to change the status quo, Burnt envisioned XION: a blockchain designed to strip away the complexities of crypto and create a seamless experience for developers and users alike. Today, that vision becomes a reality with the launch of XION’s mainnet.
Built to connect builders with users
The launch today marks a big milestone for XION, its users, and Syndicates; but the real work begins here. XION was built from a first-principles approach to addressing Web3’s biggest barriers to adoption — understanding and using volatile tokens, managing private keys, and performing cross-chain transactions are just a few of these complexities.
While XION has reached millions of users already, it has set its sights on the billions more who’ll benefit from Web3’s permissionlessness and sovereignty without having to experience the steep learning curve that has deterred them before.
What makes XION stand out against other L1s is its protocol-level Chain Abstraction functionality, allowing developers to build user-centric applications from the ground up. XION brings fiat-denominated transactions, gas abstraction, simplified payments, easy interchain transactions, robust security parameters to Web3 so that users enjoy a clean and sleek Web2-like experience while benefiting from a borderless, permissionless experience. This allows users to engage with apps, artwork, content, and communities from anywhere in the world, unbound by geographical or technical constraints.
Real-world use cases are already flourishing on XION. Consumer applications like EarnOS have onboarded over 100,000 users within days, while partnerships with global brands like Uber and The North Face showcase XION’s ability to bridge the gap between Web2 and Web3. Meanwhile, XION’s Meta Accounts provide cross-chain accessibility with ease to millions. This movement is burning brighter by the day, fueled by a commitment to delivering real utility to everyday users.
Launching: Double or Nothing
Do you believe in luck? We’re shaking things up when it comes to claiming your airdrops. Once you’ve claimed your airdrop, you’ll be presented with a choice between taking your chips off the table, or trying your luck at Double or Nothing. If you choose to play, you can spin the wheel on the Claims dashboard and either walk away with double the XION tokens or nothing at all — there’s a 50/50 chance of each outcome and there’s no going back.
Certifiably Random
The "Double or Nothing" function is implemented in two parts. First, XION uses the hash function cyrb128 to generate a reproducible seed for a pseudorandom number generator. The string input to the hash function is a combination of a preset randomly generated seed, and the user's account address. The account address changes the user's seed, so their outcome is specific to their account, and is reproducible. We have committed the hash of the preset randomly generated seed, so degens can verify after the festivities are wrapped and the seed is published here.
The generated per-user seed is then passed into SplitMix32, a pseudorandom number generator that is relatively simple and fast. If the outcome of the PRNG is less than 1/2, you lose. If not, you win. No house edge. The PRNG isn't run until after a claimer has decided to risk their drop. If you choose to play, that is it, you can't take it back later. But a true gambler never has regrets.
Claim your airdrop and play Double or Nothing here.
Securing The Network
As a stake-based network, XION relies on validators to maintain its integrity and the XION token provides strong economic security. XION token holders can delegate their tokens to validators or stake their tokens to run their own validator nodes. In addition, instead of calculating inflation against all tokens, the XION network calculates against only staked tokens. This vastly reduces the token’s overall inflation, leading to much more sustainable economics of the network. The staking of the native token is crucial to the network’s economic security. The greater the amount of tokens staked, the harder it is for a bad actor to overtake the network given the increasing cost to acquire over 1/3rd of voting power.
Start securing the network today, and participating in its governance here.
Don’t have any $XION? Learn more about it and how to acquire it here.
Get Involved
From its testnet success to its vibrant ecosystem of partners and integrations, XION has proven its ability to scale and deliver value. The mainnet opens the door to even greater possibilities, inviting builders and users to explore a world where Web3 is as seamless as the apps we use today. Big moves are afoot. While this is a momentous time in XION’s history, it is also the precursor to numerous grander initiatives designed to reach the next billion users and the best app builders from around the world — from daily activities on XION’s Meta Account to unveiling incubators and more.
Web3 has always been about inclusivity, and XION’s mainnet will bring this inclusivity to unprecedented levels. Get ready to join one of the biggest on-chain movements to make Web3 more inclusive for everyone. Click here to begin your journey.
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Interested in reaching millions of users by building user-friendly applications, start learning more about building on XION below: