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[HOST] Welcome to X1 Report, your trusted source for blockchain news. Today, we're diving into

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the world of XNT, the native token of X1 Blockchain. Let's start with the basics.

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[ANALYST] XNT serves multiple critical functions on the X1 Blockchain. It pays for transactions,

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secures the network through delegated proof of stake, and acts as the quote asset for most

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activities on the chain.

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[HOST] But the story gets more complex when we look at its supply picture. The gap between market

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capitalization and fully diluted valuation is one of the widest you'll find in the crypto

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space.

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[ANALYST] To understand XNT, you need to consider both numbers. The market cap stands at $4.62

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million, while the fully diluted valuation reaches $352.57 million, 76 times the market

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cap.

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[HOST] This wide gap is due to the fact that only 1.31% of the total supply is circulating. The

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rest is held by the Foundation treasury and the delegation program.

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[ANALYST] It's important to note that a high staking ratio, at 92.55%, doesn't necessarily reflect

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holder conviction. Most of this stake is treasury and delegation-program stake, not

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individual holdings.

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[HOST] The genuinely liquid XNT in wallets amounts to about 1.04 million tokens, worth around

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$340,800. This explains the thin on-chain volume of just $2,700 in 24 hours.

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[ANALYST] XNT's utility is clear: it's used for transaction fees, staking and delegation, as the

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quote asset for token launches, name registration, and DEX liquidity.

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[HOST] The inflation schedule starts at 8% and decreases by 15% annually, converging on a long-

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term rate of 1.5%. Validators receive rewards, but they take a commission.

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[ANALYST] XNT's primary market is the XNT/USDC.X pool on XDEX, with about $5,500 in pooled

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liquidity. For larger trades, there's an OTC desk, and assets can bridge into X1 from

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several chains.

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[HOST] To earn yield, you can delegate XNT to a validator or use a liquid staking protocol. The

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inflation rate is set to decrease over time, with the long-term target of 1.5%.

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[ANALYST] XNT is distinct from XEN, a separate token with historical ties to the X1 community. X1

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grew out of that ecosystem but operates with its own native gas and staking asset.

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[HOST] For those interested in more details, we have a comprehensive FAQ section covering

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everything from XNT's market cap to how to earn yield on it.

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[ANALYST] Remember, the free float is small and on-chain liquidity is thin. Always be cautious when

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interpreting these figures.

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[HOST] That's all for today's episode of X1 Report. Stay tuned for more updates from the

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blockchain world. Until next time, keep your crypto secure and informed.