illumineXPrice

(IX)

illumineX (IX), launched in February 2024, is designed to provide a convenient and compliant web wallet for on-chain privacy. It addresses the lack of privacy in current blockchain transactions by offering Gas-less Stealth Wallets and integrated private swaps. The project supports both EVM and non-EVM chains, including native Bitcoin (BTC), allowing users to manage multiple private multi-asset accounts with a single seed phrase. Its mission is to make on-chain privacy accessible and user-friendly across the decentralized ecosystem.

The illumineX project is spearheaded by a team of experienced founders, including Liza, Zhe Wang, Jinjing Liang, Tianchen Zhang, and Boyan Li. Each founder brings specialized skills and expertise in blockchain technology and privacy solutions, forming a strong foundation for the project's technical innovation and strategic growth within the crypto and Web3 landscape. Their combined knowledge is crucial for advancing illumineX's mission of enhancing on-chain privacy.

IllumineX's core technology operates on the Oasis Network, a public blockchain renowned for its privacy-preserving capabilities and scalability. It leverages smart contracts to facilitate secure and private transactions without the need for intermediaries, which is fundamental to its non-custodial design. This architecture enables features like Gas-less Stealth Wallets and integrated private swaps, ensuring user anonymity and transaction confidentiality across diverse blockchain environments.

IllumineX offers several practical real-world applications focused on enhancing user privacy and security in digital asset management. It enables secure and private trading of various digital assets, shielding transaction details from public view. Additionally, it facilitates seamless and private transactions across multiple devices, allowing users to move assets confidentially. By prioritizing user privacy, illumineX provides a crucial tool for individuals and entities seeking to maintain anonymity in their on-chain activities.

The IX token is the native utility token for the illumineX Protocol. It has a hard cap on its total supply at 100 million tokens, with approximately 57 million currently in circulation. The token is designed with an economic model intended to make it deflationary over time, primarily through a buyback and burn mechanism. This mechanism aims to reduce the token supply, potentially impacting its long-term value. It serves as a core component of the illumineX ecosystem.

A significant security consideration for users of the illumineX (IX) token is the noted potential for the contract creator to make changes to the token contract. This capability means the creator could theoretically alter aspects like disabling token sells or modifying transaction fees. Such centralized control over the contract necessitates caution from users. It highlights the importance of understanding the smart contract's permissions and the project's governance model before engaging with the token.