Mixin is a decentralized mobile messenger which is designed to store and send cryptocurrencies from one user to another through high-end encryption protocols. Basically, the most efficient and easiest way to enter the world of cryptocurrency is to break down the whole concept of decentralization and its ledger technology – the blockchain into simpler objects.
Tokenization of digital assets is one thing, using these assets to solve real-world problems is another and this is what the XIN token addresses – the problems associated with the use, adoption, and functionalities of blockchain tokens. Mixin solves this problem from a single angle, which is through a mobile chat messenger making it easy to transact cryptocurrencies among peers, friends and family members, addressing the issues of latency.
Mixin investments started sometime around October 2017 and their log so far has shown good activity on their network with so many transactions already completed having over 19,000 assets stored on their platform to date.
There’s only one market where you can buy Mixin tokens at the moment, BigOne exchange market is the only cryptocurrency exchange that lists the asset so far. This might be because the platform is still developing, and hasn’t gotten much attention from the larger exchanges. It is paired with BTC, ETH, BITCNY, and EOS. The EOS seem to have more trading volume when compared to the other. However, even though it’s not so popular (with respect to other utility tokens that are in the top-hundred traded cryptocurrencies), there is an appreciable trading activity with the coin.
It would seem that the only ways to store this token are either through the exchange wallet, myetherwallet – given that it’s an Ethereum based token, or by downloading the app to your mobile device. This way, you get to have your tokens in the wallet of the app and can use it as willed.