Live XNO Price Summary
As of early 2025, the global cryptocurrency market is experiencing steady growth. At the heart of this landscape lies Nano (XNO), a digital asset known for its innovative design and utility. The current Nano price stands at approximately $0.86, reflecting modest gains over the past 24 hours. With a circulating supply of 133.25 million coins—equal to its maximum supply—XNO maintains a market capitalization of around $114 million, placing it within the top 400 cryptocurrencies by market cap.
Trading activity shows a 24-hour high near $0.86 and a low around $0.82, though specific volume data is temporarily unavailable. These metrics provide a foundational understanding of XNO’s market position and recent performance.
Historical Price Performance
What Was the Highest Price of XNO?
Nano reached its all-time high (ATH) of $33.69 on January 2, 2018. This peak occurred during a period of significant market excitement and adoption interest in its underlying technology.
What Was the Lowest Price of XNO?
The all-time low (ATL) for XNO was recorded on July 16, 2017, when the price dipped to just $0.026. This early valuation reflects the project’s initial stages and subsequent growth trajectory.
Understanding Nano (XNO)
What Is Nano (XNO)?
Nano (XNO) is a decentralized digital currency designed for fast, feeless, and eco-friendly transactions. It enables near-instant transfers in a secure and trustless manner, addressing common limitations found in traditional blockchain systems.
Unlike conventional cryptocurrencies that use a single blockchain, Nano employs a unique block-lattice architecture. In this structure, each user has their own blockchain, which they update independently. This design eliminates the need for mining and significantly reduces transaction confirmation times and energy consumption.
The platform utilizes Open Representative Voting (ORV) as its consensus mechanism. This system allows token holders to vote for representatives who validate transactions, making the network more efficient and democratic than proof-of-work alternatives.
XNO serves as the native currency powering the Nano ecosystem. It facilitates various applications including peer-to-peer payments, merchant solutions, cross-border remittances, and even gaming integrations.
Nano Price History
Nano entered the market in 2014 under the ticker XRB with little initial price movement. The project gained significant attention in December 2017 when its price surged from $0.22 to its ATH of $33.69 within weeks. Shortly after this peak, the project rebranded from RaiBlocks to Nano.
In early 2018, news of a security incident at the BitGrail exchange negatively impacted investor confidence. The price declined steadily throughout the year, falling below $1 by August 2018.
After periods of relative stability through 2019 and 2020, Nano experienced renewed interest during the 2021 bull market. The price climbed from approximately $1 in January to over $14 by April. Later that year, the ticker changed from NANO to XNO. In November 2021, XNO demonstrated remarkable volatility with a 110% price increase within 24 hours, though it quickly retraced most of these gains.
Utility and Applications
What Is Nano (XNO) Used For?
XNO functions as a practical utility currency with several real-world applications:
- Global payments for goods and services through merchant networks
- Instant peer-to-peer transactions without intermediaries
- Integration with gaming platforms for earning and spending tokens
- Point-of-sale solutions for retail businesses
- Low-cost cross-border money transfers
The combination of zero fees and rapid settlement makes Nano particularly suitable for microtransactions and everyday purchases.
Tokenomics and Distribution
Nano's distribution occurred primarily between 2015 and 2017 through a faucet system where users earned XRB by completing CAPTCHA tests. This initial distribution accounted for 39% of the planned total supply. The remaining undistributed coins were permanently removed from circulation.
The current total supply stands at 133,248,297 XNO, matching the maximum supply. Similar to Bitcoin, Nano has a fixed supply with no mechanism for creating new coins, making it inherently resistant to inflation.
Founding Team
Nano was founded in 2014 by Colin LeMahieu, a software engineer who currently serves as CEO. LeMahieu established the Nano Foundation to support the development and adoption of the technology. His vision centered on creating a digital currency that could overcome the scalability and environmental challenges faced by earlier cryptocurrencies.
Storage Solutions
How to Store Nano (XNO)
Several wallet options support XNO storage with varying security levels:
- Software wallets including Nautilus Wallet, Gonano, Exodus, Guarda, and Atomic Wallet
- Hardware wallets like Ledger for enhanced security through cold storage
- Mobile wallets for convenient access and everyday transactions
When choosing a storage method, consider factors such as security needs, accessibility, and transaction frequency. For significant holdings, hardware wallets provide optimal protection against digital threats.
👉 Explore secure storage options
Frequently Asked Questions
What determines Nano's price?
Nano's price responds to several factors including overall cryptocurrency market trends, technological developments within the Nano ecosystem, adoption by merchants and users, and broader economic conditions affecting digital assets. Its unique value proposition as a feeless and instant payment solution also influences its market valuation.
How does Nano achieve feeless transactions?
Nano's feeless structure results from its innovative architecture. The block-lattice design allows each account to maintain its own blockchain, eliminating competition for block space and the need for miner fees. Transaction validation occurs through representative voting rather than energy-intensive mining.
Can Nano scale to handle global transaction volumes?
The Nano network demonstrates strong scalability potential due to its parallel processing capability. Since each account chain operates independently, the network can process multiple transactions simultaneously rather than sequentially. This design theoretically enables significantly higher throughput than traditional blockchain systems.
What makes Nano environmentally friendly?
Nano's energy efficiency stems from its elimination of mining. The Open Representative Voting consensus mechanism requires minimal computational power compared to proof-of-work systems. Transactions settle through a lightweight voting process rather than energy-intensive cryptographic puzzles.
How secure is the Nano network?
Nano maintains security through distributed representative voting and cryptographic safeguards. The decentralized nature of representative selection prevents centralized control, while the block-lattice structure makes attempted attacks easily detectable by network participants.
Where can I spend XNO tokens?
XNO acceptance continues to grow among online merchants, gaming platforms, and service providers. Various directories maintain updated lists of businesses accepting Nano, ranging from e-commerce sites to charitable organizations. The feeless nature makes it particularly attractive for small businesses and microtransactions.
Note: Cryptocurrency investments carry inherent risks. This content provides educational information only and should not be considered financial advice. Always conduct thorough research and consult with financial professionals before making investment decisions.