Mixin (XIN) – A Mobile-First Blockchain Platform
What is Mixin?
Mixin is a mobile-first blockchain platform that features safe communication and interoperability with all major blockchains. TEEs (Trusted Execution Environments) are used for the interchain communication protocol with the goal of providing near-instant transactions and cross-DApp development.
TEEs are secure areas inside of processors, where payment channels can be built into. This enables Mixin to implement simplified private keys for each wallet, consisting of a 6-figure PIN and a phone number. The first DApp of Mixin is an encrypted messaging app based on Signal code.
Mixin was started in October 2017, and a Pre-Sale was held from 25. November to 25. December 2017. On the last day of the ICO, Android and iOS Apps were released. Founders are unknown.
Can it be mined?
No information is available.
What differs Mixin from other Cryptocurrencies?
Encrypted messaging and the focus on mobile systems are relatively new use-cases for cryptocurrencies.
How much is Mixin worth today?
What is the total and the circulating supply?
The total supply of XIN is 1,000,000 and the circulating supply at the time of writing is 424,535 XIN.
Where can you buy XIN?
You can buy XIN on several cryptocurrency exchanges, most notably BigONE (not recommended).
Can XIN be sold for cash?
At the moment you cannot sell XIN for cash directly. You have to exchange XIN to BTC or ETH and sell that for cash.
Mixin has not published a roadmap.
Verdict and Rating
0/10 The team is anonymous, and the Whitepaper is full of spelling mistakes and lacks technical explanation. A lot of buzzwords are used, and the whole concept is hard to understand. Very few information is available about this project. These are serious red flags. The possibility of a scam is given. I would stay away.
DisclaimerThe writer’s views are expressed as a personal opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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