The XNET token, $XNET, fuels a unique decentralized Wi-Fi network, incentivizing node operators to contribute to the network’s infrastructure and coverage.
Notably, Mobile Network Operators (MNOs) pay for the Wi-Fi services, and the funds are redistributed to $XNET token holders, creating an incentive for network expansion and maintenance.
According to the platform, “Using Solana’s blockchain, XNET records key transactions and revenue sharing on-chain, giving deployers clear, reliable information about their sites. This decentralized approach builds trust and ensures fair and balanced revenue distribution.”
XNET ($XNET) Key Features and Tokenomics
The token, capped at 2.4 billion, recently moved to the Solana blockchain, bringing faster transaction times and lower fees.
XNET’s tokenomics include a deflationary model, where revenues generated by MNOs are periodically used to buy back and burn $XNET tokens, thus reducing supply and supporting token value over time.
In addition, node operators earn $XNET for their role in providing network coverage, with rewards based on various factors, including location, hardware capabilities, and service demand.
Consequently, this ensures that high-demand areas or under-served locations receive the necessary coverage, benefiting from higher operator incentives.
Also noteworthy is that governance within XNET is a community-driven process. Hence, $XNET holders can vote on changes to reward mechanisms, coverage expansion strategies, and other network adjustments, ensuring a balance between operator incentives and overall network health.
XNET’s decentralized nature means that decisions reflect the interests of node operators and MNOs, ensuring sustained network growth and stability.
Furthermore, the transition to Solana enhances scalability, as the blockchain’s low transaction fees allow XNET’s network to handle higher transaction volumes and quicker confirmations, crucial for the fast-paced telecom industry.
For more details, see XNET Token Documentation.
Why XNET Could Be the Next Big Thing
$XNET could become a major player in crypto by solving a real-world need: expanding internet access through a decentralized, community-driven Wi-Fi network.
By incentivizing users to create Wi-Fi nodes, $XNET promotes connectivity in underserved areas. Its tokenomics, including a deflationary model, support long-term value, while migration to the Solana blockchain ensures scalability and low transaction fees.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments are highly speculative and volatile, and prices can fluctuate significantly. Always research and consult a qualified financial advisor before making any investment decisions. The author and the platform do not assume responsibility for any losses incurred from investing in cryptocurrencies.