ColossusXT

COLX Price

About ColossusXT (COLX)

ColossusXT is a privacy-oriented, energy-efficient cryptocurrency designed for decentralized peer-to-peer payments and distributed computing resources.

• Utilizes a two-tier network of staking nodes and masternodes to maintain network security and stability.
• Features the ARMIS I2P privacy layer to obfuscate user identities and geographic locations.
• Aims to provide a global marketplace for distributed computing power through the Colossus Grid initiative.

What Is ColossusXT

ColossusXT (COLX) is an open-source digital currency that prioritizes privacy, decentralization, and real-world utility. Value moves through the system as users pay transaction fees or utilize grid services, while the token is put to work via staking and masternode hosting.

The project scales through a self-funding treasury system that finances ongoing development and community-proposed initiatives. This model ensures the project's sustainability by allocating a portion of block rewards to a central fund governed by the community through a voting process.

What Makes ColossusXT Unique

• ARMIS I2P Integration: An encrypted identity layer that hides IP addresses, providing a secondary layer of privacy beyond standard transaction obfuscation by creating a private overlay network.
• See-saw Reward Mechanism: A dynamic reward system that balances incentives between staking nodes and masternodes to maintain an optimal ratio and prevent network centralization.
• Colossus Grid: A proposed framework where individuals can lease their idle computing power and storage to others in exchange for COLX rewards, competing in the global distributed computing market.

What Can You Use ColossusXT for?

• Privacy-Preserving Payments: Send and receive funds anonymously using built-in obfuscation tools and the SwiftTX protocol for near-instant transaction finality.
• Masternode Hosting: Lock 10,000,000 COLX to run a masternode, which enables participation in network governance and allows the owner to earn a share of block rewards.
• Staking: Hold COLX in a supported wallet to participate in the Proof of Stake consensus mechanism and earn rewards for securing the blockchain.
• Grid Participation: Future utility includes using COLX as the primary medium of exchange for decentralized computing and storage services within the Colossus Grid.

How Does ColossusXT Work?

ColossusXT operates on a Proof of Stake 3.0 consensus mechanism, which requires users to hold tokens to validate transactions rather than using energy-intensive mining hardware. This approach is designed to be energy-efficient and accessible to individual users without specialized equipment.

The network's second tier consists of masternodes, which are servers that provide specialized services like SwiftTX. SwiftTX allows for transactions to be confirmed and guaranteed in seconds, overcoming the latency issues common in traditional blockchain networks. Users pay transaction fees in COLX to process transfers and interact with network features.

Team Info and Investors

ColossusXT is a community-driven project that launched as a decentralized initiative. While the project is supported by a dedicated business and development team, specific individual founders or early institutional investors are not specified in the available source material. The project's growth and development are primarily funded through its decentralized treasury, which is replenished by a portion of each block reward.

Where can you buy ColossusXT?

COLX tokens have stopped trading 18 days ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of ColossusXT (COLX)?

The trading volume of ColossusXT (COLX) is $3.98 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for ColossusXT (COLX)?

ColossusXT (COLX) reached an all-time high of $0.01367 and an all-time low of $0.0₆6739. It’s now trading -99.90% below that peak and 2,076.10% above its lowest price.

How does the price performance of ColossusXT compare against its peers?

With a price increase of 0.00% in the last 7 days, ColossusXT (COLX) is outperforming the global cryptocurrency market which is down -5.40%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -8.80%.

How to add ColossusXT (COLX) to MetaMask?

Adding ColossusXT (COLX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import COLX as a token. You can copy COLX’s contract address (0xf8acf86194443dcde55fc5b9e448e183c290d8cb) and import it manually, or if you've installed MetaMask's chrome extension, add COLX to MetaMask with one click on CoinGecko.

Add COLX to MetaMask.