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Burnt (XION)

Last updated: Sep 16, 2024

Burnt is evolving the future of Web3 with the introduction of XION, the first chain purpose-built for consumer adoption. XION is intended to remove technical crypto barriers for consumers, providing a toolkit that includes seamless fiat on/off ramps, direct credit card purchases, familiar Web2 logins, safe account abstraction for mobile support, and zero gas fees.

Pre-Seed Round: $3 Million

Seed Round: $8 Million

Strategic Round: N/A

Series A Round: $25 Million

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Overview

Project industry	Blockchain Infrastructure
Product type	Technology
Founded	United States
Whitepaper	Open
Onepager	Open

What is Burnt

XION is the first L1 purpose-built to drive mainstream adoption through Chain Abstraction. It is the first blockchain that enables developers to build, launch, and scale user-focused Web3 products from the ground up.

It aims to provide builders with the infrastructure they need to create user-friendly Web3 applications by addressing some of the biggest barriers to widespread adoption from a first-principles perspective. Just as importantly, the XION ecosystem also offers builders an unparalleled amount of resources to support their development, growth, and long term success.

In addition, we introduce $XION, the utility token powering the XION Proof-of-Stake (PoS) network that establishes a solid foundation for a flourishing, self-sustaining ecosystem. It serves to secure the network, and is designed to encourage participation, collaboration, and growth of the ecosystem, while ensuring continued decentralization and resilience of the network.