Currently, mainstream society faces two major challenges in accepting Web3: functional barriers and cultural barriers.

Burnt, a "rebellious" developer who became famous for "burning Banksy's paintings (Morons (White))", saw the development bottleneck that "strangles Web3" - the complexity of the Web3 industry hinders its large-scale application. So, Burnt personally designed it - the first L1 public chain with a fully abstract wallet came into being.

XION, as the first Layer-1 blockchain built specifically for consumer adoption, aims to abstract cryptographic complexity and overcome the application scalability limitations brought by cryptographic technology, while achieving a seamless user experience while retaining the core values ​​of Web3 - decentralization, transparency, verifiable ownership, etc.

Burnt hopes to optimize the functional and cultural barriers of Web3 through XION, so that everyone "regardless of their knowledge of encryption technology" can equally obtain real ownership, thereby promoting its large-scale application. At present, XION has completed US$36 million in financing, and its investors include top investors such as Animoca, Circle, Multicoin, Spartan, and HashKey.

Why choose XION to build Web3?

Since its development in 2021, XION has aspired to become "the first platform that empowers developers to build, launch and scale consumer-oriented Web3 products from scratch", and its development trajectory has undoubtedly confirmed this grand vision. To date, XION has witnessed the birth of more than 3.6 million yuan accounts, attracting more than 200 top deployments, integrations and partners to build the future on this basis. Its ecosystem brings together more than 200 applications, infrastructure providers and partners, and has reached cooperation with brands such as Uber, Baskin Robins, The North Face and Sunglass Hut. It is particularly worth mentioning that Uber is also actively preparing to join the XION mainnet.

So, what are the unique technical charms and significant advantages that make XION shine in the field of Layer 1 blockchain built with Web3 applications and become the platform of choice for many developers?

As an L1, XION is not only comparable to mainstream Layer 1 ecosystems such as Berachain, Monad, and Solana, but also has achieved major breakthroughs in user experience and application. It is not just a Layer 1, but also a comprehensive solution dedicated to solving the technical complexity and learning curve problems of Web3. Compared with other L1s, XION adopts a wallet-free design, which fundamentally simplifies the usage process for Web3 users.

Burnt once pointed out: "Crypto must become invisible, otherwise it will fail." This view is the core concept of XION's development. Burnt believes that the complexity of the cryptocurrency industry has become the main obstacle to its mainstream adoption. To solve this problem, XION is committed to making the complexity of cryptocurrency invisible, allowing users to use blockchain applications as easily as using Instagram or Apple Pay.

XION uses chain abstraction to encapsulate complex wallet management operations at the bottom layer, providing users with a simple and seamless experience, including:

Account abstraction, simplifying the login process and improving the convenience of account management and interaction through smart contract accounts (SCAs);

Signature abstraction, supporting multiple signature methods such as biometrics, passwords, and emails, and enabling transaction signing across all cryptographic curves;

Pricing abstraction: products are priced in legal currency to reduce the impact of asset price fluctuations on users;

Device abstraction ensures that users can seamlessly experience Web3 applications on all devices;

Payment abstraction, which simplifies the payment process through a unique fee abstraction mechanism, eliminating the complexity of traditional purchases;

Gas abstraction completely exempts users from having to deal with gas fees, and they don’t even need to understand the concept;

and interoperability abstraction to reduce ecosystem fragmentation and extend XION’s seamless user experience to all connected ecosystems, creating a unified user experience.

The comprehensive chain abstraction solution enables XION to be compatible with a variety of popular encryption devices and blockchain platforms, while reducing users' attention to technical details, making Web3 applications easier to understand and use, further lowering the user's usage threshold.

In addition, XION also solves the security and functionality issues of traditional externally owned accounts (EOAs) by introducing account abstraction and smart contract accounts (SCAs). This move greatly reduces the risk of user accounts being attacked or lost, while providing greater security and flexibility.

However, unlike other "chain abstraction" projects that usually only serve as middleware tools or multi-chain wallets and mainly solve interoperability issues between ecosystems, XION focuses on improving user experience while also solving application-level challenges. It not only provides builders with powerful capabilities to develop the next generation of decentralized applications (dapps), but also ensures that these applications are highly interoperable and composable in all major ecosystems.

As a Layer 1 blockchain, XION has the advantages of high throughput, low latency and instant finality, which provides developers with stable and reliable infrastructure support, allowing them to focus more on the innovation of the application itself. In addition, XION also provides a wealth of developer tools and resources, including detailed documentation, sample code and community support, to help developers quickly get started and build high-quality Web3 applications.

XION’s rapid development and wide recognition are also one of its advantages. Currently, XION is expanding its chain abstraction solutions to major ecosystems including Solana, BNB, Avax, Injevtived, etc.

In addition, according to official data, XION has attracted more than 1.3 million community members.

How to start using XION in 5 minutes

Compared with the cumbersome current on-chain wallets, on XION, you only need to enter a verification code with a Web2 email address to complete the registration. After successful registration, the system will assign a Xion wallet address, and you can complete the fool-proof operation of registering a XION wallet. Crypto-native users can also use any wallet of their choice to interact with XION. Currently, XION already supports OKX wallet binding.

In addition, according to official information, XION will enable direct on-chain purchases with credit or debit cards in the future. Users only need to use credit or debit cards to directly purchase on-chain products, with an authorization rate of over 95%, easily covering approximately 6 billion credit/debit card holders worldwide, eliminating the complex processes in traditional Web3 on-chain consumption, and making the user's on-chain experience feel as if they were on a familiar Web2 e-commerce website, making the experience smoother and more enjoyable.

So, what is the practicality of XION tokens?

In the Web3 industry, new users often feel overwhelmed by the pricing of assets and products in the face of thousands of cryptocurrencies with frequent price fluctuations. However, the XION token, with its unique design, not only gives users unprecedented practicality and convenience, but also acts as the heart of the Proof of Stake (PoS) blockchain, injecting powerful power into the entire network.

As the power source of the network, the native token XION allows users to participate in network security maintenance and governance through staking. This mechanism invisibly strengthens the stable foundation of the network, while allowing users to deeply integrate into the operation and development of the network and share the fruits of growth.

In addition, in the field of transactions, XION tokens also demonstrate their indispensable value. Users can directly use XION to pay transaction fees and enjoy a smooth transaction experience; if they choose other tokens (such as USDC) for payment, the system will automatically convert them into XION and distribute them to the pledger. This ingenious design not only simplifies the transaction process, but also promotes the widespread circulation and in-depth application of XION tokens.

It is worth mentioning that thanks to the support of USDC issuer Circle, XION has become one of the first blockchains to adopt USDC as the main transaction currency. This means that all products built on XION will be priced in USDC, allowing users to use it seamlessly in the familiar form of legal currency pricing. But more importantly, the utility of the XION token is not limited to its role as a medium of exchange, but as the foundation of the entire ecosystem, it provides users with diversified usage scenarios and value creation opportunities.

In addition, XION will also support seamless connection between mobile phones and PCs in the future.

Imagine that in the future, you only need a mobile device to easily experience the on-chain payment function without GAS fees. Users can access the XION ecosystem anytime, anywhere and securely, and use XION for payment.

In addition to the above advantages, XION has also launched a series of incentives to further enhance the practicality of the token. Mechanisms such as staking rewards and transaction fee sharing not only encourage users to hold tokens for a long time, but also actively guide users to participate in network activities. These measures not only provide users with more opportunities to participate and contribute, but also make XION tokens more prominent in terms of practicality.

Currently, XION has launched the airdrop test network. According to members of the crypto community, the long-awaited "coin issuance" is imminent. According to the official website, the test network interaction is still in progress, and users can still seize the last opportunity to interact.

According to the white paper, XION, as the first Layer-1 blockchain designed for consumer adoption, will also open up a wide range of application scenarios.

In the future, from secure transactions in digital banks to cross-border gas-free chats in decentralized communication tools, from subscription automated account solutions to a completely new gaming experience, to simplified participation in DAOs and cross-chain interconnection and identity unification, XION will bring unprecedented convenience and security to users with its innovative technological applications and broad potential, while also heralding a new wave of large-scale adoption of Web3.