Question 1

What is Xana (XETA)?

Accepted Answer

Xana (XETA) is an EVM-based blockchain infrastructure specifically designed for the Metaverse. This infrastructure is notable for its compatibility with all major wallets and blockchains, and it has gained adoption by significant institutions and global brands. Xana's design facilitates the development and integration of various applications within the Metaverse ecosystem​​.

Question 2

What is Xana (XETA) used for?

Accepted Answer

Xana offers several uses for the XETA token within its ecosystem, ensuring flexibility for its users:

* **Token Swapping:** Options are available for swapping XETA tokens between the C-Chain and XANAChain, including immediate swapping via the Multichain bridge and a more cost-effective method for those who can wait a few days.

* **Staking:** XETA token holders can stake their tokens on XANA. Staked tokens on the C-Chain will be automatically swapped to XANAChain tokens, allowing continued staking.

* **Vesting Allocation:** Holders with XETA vesting allocation can start their vesting from XANAChain using the same URL as before.

* **Bridging Between Chains:** The Multichain bridge method facilitates the transfer of XETA tokens between XANAChain and C-Chain.

* **Exchange Partner Integration:** Major exchange partners are integrating XANAChain, which will eventually allow for direct deposit and withdrawal of XETA tokens to and from both XANAChain and C-Chain.

* **Governance and Ecosystem Growth:** XETA tokens are used as gas on XANAChain, with plans to burn 100% of XETA consumed as gas. This mechanism aids in deflating the token over time, potentially increasing its value. The ecosystem growth will likely lead to more transactions, further expediting XETA deflation​​.

Question 3

Who created Xana (XETA)?

Accepted Answer

Xana was developed by NOBORDER.z, a Dubai-based blockchain company with offices in New York City, India, and Pakistan. The company, which employs over 100 people worldwide, focuses on connecting the world through the Metaverse. While NOBORDER.z retains control over the development of Xana, an alpha version of a Decentralised Autonomous Organisation (DAO) is planned to launch, which will delegate more power to the community​​.

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