Yesterday, I discovered a new Proof of Work (POW) cryptocurrency called XELIS! The project utilizes BlockDAG technology and is a direct competitor to Kaspa, which has piqued my interest significantly

The founder was once the leader of the DERO project, and their technical strength is not to be underestimated. Through GitHub, we can verify the authenticity of its independent development.

Based on its blockchain explorer, it can be known that about 50% of the tokens will be unlocked in the first five years.

Based on its blockchain explorer, it can be known that about 50% of the tokens will be unlocked in the first five years.
https://stats.xelis.io/views/supply_emission?view=table

Key Point: This project will definitely face a significant amount of selling pressure in the short term, as about 50% of the tokens will be unlocked in the first five years. So, the selling pressure is substantial.

A project that has not yet established much cannot support a Fully Diluted Valuation (FDV) of approximately 400 million US dollars. Miners are sure to adopt a 'mine, dump, and sell' strategy. It is recommended to keep an eye on the project and buy low, waiting for the blessings to come.

The project was launched in early May, and the current token circulation market value is around 2 to 3 million US dollars. It has the potential to become the next Kaspa, but we need to assess it more cautiously.