[ANN] X Coin (XFER) | Own L1 UTXO chain that tokenizes X accounts

Overview

XFER is the native coin of X Coin, an independent Layer-1 UTXO blockchain. X Coin is a hard fork of the Ravencoin v4.8.0 code base (itself Bitcoin-derived) with its own genesis block, network, ports and addresses. It is not a token on another chain and not a copy of Ravencoin's coins.

X Coin keeps what works in Ravencoin (coins, addresses, the 12-word wallet, native named assets, IPFS metadata) and replaces mining with a one-minute lottery tied to X accounts:

Any X account can claim one free on-chain name tied to its handle via Sign in with X.
Under that name it can issue tokens, one-of-one NFTs (NAME#ITEM) and real-world-asset records, all native assets on the chain.
Coins and assets can be sent to an address or to an @handle.
Each minute's block reward is drawn among online desktop nodes signed in with an X Verified account. One node, one ticket.

Our claim: X Coin is the world's first blockchain that tokenizes an X account via a UTXO chain.

Specifications

Name / ticker	X Coin / XFER
Type	Native coin of its own Layer-1 UTXO chain (no contract address)
Code base	Hard fork of Ravencoin v4.8.0, own genesis, network magic, ports and addresses
Consensus	Seed-attested minute lottery. No mining, no proof-of-work, no staking
Hashing / mining algorithm	None (not mineable). SHA-256 is used only to derive each draw's seed
Block time	~60 seconds (one block per one-minute slot)
Block reward	5,000 XFER (era 0)
Halving	Every 2,100,000 blocks (~4 years): 5,000 > 2,500 > 1,250 ... Each halving adds one more winner per minute
Reward maturity	100 blocks (~100 minutes)
Max supply	20,999,994,999.727 XFER (~21 billion)
Decimals	8 (1 XFER = 100,000,000 xferons)
Network fee	0.01 XFER per kB, paid to that block's first lottery winner
Genesis	12 September 2026, 3:16 AM ET (07:16 UTC). Block 0 pays nothing
Launch	Fair launch. No premine, no founder allocation, no ICO/IEO. Every XFER was paid by a lottery block
Addresses / wallet path	Start with `X`; BIP39 12 words; BIP44 coin type 3844
P2P port	38443
License	MIT (open source)
Audit	None. No third-party security audit has been done

Getting started

1. Make your wallet (non-custodial)

Open xferchain.net, tap Web wallet, then Create. The wallet is generated in your browser.
You get 12 words. They never leave your device; we cannot see them and cannot recover them. Write them on paper.
The same 12 words open the same addresses in the Light and Heavy desktop apps.
Guide: https://xferchain.net/wiki/vault

2. Claim your free @ name

In the wallet, tap X, then Sign in with X, then Claim.
Free (no XFER cost), one per X account. A blue check is not required to claim.
You receive the root name and its admin token (NAME!), which lets you create assets under it. Others can then send to your @handle.
Guide: https://xferchain.net/wiki/sign-in

3. Enter the block draw

Download the Light or Heavy desktop app (Windows / Linux) from the latest release. Use the release files, not GitHub's "Code > Download ZIP", and check the SHA256 shown on xferchain.net.
Sign in with an X Verified account (blue check, business or government check).
Leave the app open and online. It sends a signed heartbeat about every 30 seconds; a node counts as active if one was seen in the last 180 seconds.
One node, one ticket. Light and Heavy enter the same draw (Heavy adds Market and Rewards > Lottery share).
The browser web wallet does not enter the draw.
Guide: https://xferchain.net/wiki/lottery

How the minute lottery works

Each block height maps to one wall-clock minute (slot). At most one block per minute; a height cannot be paid twice or skipped.
A node is eligible when it runs a current Light/Heavy release, is signed in with X, X reports the account as Verified, and it is heartbeating. The seed node looks the handle up on X and stamps it into the draw.
Draw seed = SHA256(previous block hash || slot). The seed shuffles the sorted list of stamped active nodes; the first entries win.
The block records the exact active set, the seed's stamps and the seed's signature. Every node independently checks that the right winners got the right amounts and rejects the block otherwise.
Today there is one winner per minute, receiving the full reward plus fees. If fewer nodes are active than winner spots, every active node wins that minute.
Anyone can verify a draw on the explorer's lottery page.

Limits, stated plainly: the lottery proves a handle had an X Verified check when the seed looked it up; it does not prove a person is behind it. Nodes verify the seed's stamps, but cannot prove that every verified node online was included.

Assets: tokens, NFTs and real-world-asset records

Assets are built into the chain (Ravencoin-style), not added by smart contracts.

Root name	`NAME`	Free, one per X account (Sign in with X)
Sub-asset / token	`NAME/PROJECT`	100 XFER, burned
Unique / NFT	`NAME#ITEM`	5 XFER, burned
Real-world-asset record	Token or unique typed as RWA	Picture + description file on IPFS, visible in the explorer

Units 0 to 8 decimals; optional reissuable supply.
Ravencoin's restricted assets, qualifiers, tags and freezing are removed.
A token on XFER is a record on the chain. By itself it does not confer legal ownership of a physical asset.
Guides: Make a token | Step-by-step | The chain

Launch (token sale pages)

Launch on xferchain.net lists tokens, NFTs and RWA records for sale with a constant-product price curve plus an order book. You sign every trade in your own wallet; the site does not hold keys.

Create: new token under the platform root LAUNCH_XFER, 100 XFER (burned).
List your own: an asset under your own name, 10 XFER.
Fees: 0.60% platform + 0.30% to the lister on each buy/sell. Minimum price 0.01 XFER. One buy may take at most 15% of the tokens the curve still holds.
Status: public Launch is gated on network size. It opens automatically once enough live, X Verified nodes are heartbeating, and once open it stays open. The network has not reached that count yet, so Launch is currently locked. Running a node helps open it.
Guides: How Launch works | List a token | Buy and sell

Decentralization: where it stands

X Coin is not fully decentralized today, and we would rather say so up front.

Block signing: one seed node assembles and signs every block and performs the X Verified checks. The seed is not in the lottery and cannot win it.
Validation: every Light and Heavy node keeps a full copy of the chain and checks every block. A block is rejected if it pays the wrong winners or amounts, draws from a list missing the seed's stamps, over-issues, or spends coins the sender does not own.
If the seed goes offline, the chain pauses until it returns. Coins and history are not lost; the seed cannot move anyone's coins or change the lottery math.
Next step: spreading block signing and X checks beyond one seed. This will ship as an opt-in node release that operators choose to run: same ledger, same coins, not a hard fork. It will be published as open source first. No date is promised.
Guide: https://xferchain.net/wiki/decentralization

You can help: run a node and keep it updated, open port 38443 so others can peer with you, and run your own copy of the explorer.

Downloads

Desktop wallet / full node (Light and Heavy, Windows and Linux): https://github.com/NiftyRaven/x-coin/releases/latest
SHA256 checksums for each file are listed on xferchain.net. There is no macOS build.
Web wallet: https://xferchain.net (hold and send; does not enter the draw)

Explorer and supply API

Explorer: https://explorer.xferchain.net (blocks, transactions, addresses, assets, each minute's draw). Read-only; it cannot spend.

Supply endpoints (plain-number responses, live):

Circulating: https://explorer.xferchain.net/api/supply/circulating
Total: https://explorer.xferchain.net/api/supply/total
Max: https://explorer.xferchain.net/api/supply/max (20,999,994,999.727)
Full JSON with definitions and burns: https://explorer.xferchain.net/api/supply

Circulating equals total: there are no locked or vesting coins. Total = subsidy issued minus XFER sent to burn addresses. Supply grows by the block reward each minute, so please use the endpoints rather than a fixed number.

Other public endpoints: /api/stats, /api/tip, /api/blocks, /api/block/{height}, /api/lottery, /api/assets, /api/rich on explorer.xferchain.net.

Exchange

Neoxa Asset Exchange: XFER/USDT
https://neoxa.exchange/trade/XFER_USDT

Links

Website	https://xferchain.net
Wiki	https://xferchain.net/wiki
Whitepaper	github.com/NiftyRaven/x-coin/.../XCOIN.md
Source: chain, wallet, node	https://github.com/NiftyRaven/x-coin
Source: explorer	https://github.com/NiftyRaven/xcoin-explorer
Explorer	https://explorer.xferchain.net
X (project)	@XCoinTokenize
X (founder, Nifty Raven)	@NFTRVN
Telegram (official group)	https://t.me/+OAGYTUiS4nJkYjhk
Discord (community-run)	https://discord.gg/FP7mYtBpxm
Support / security reports	support@xferchain.net

Safety

The team never DMs first. Anyone who messages you first claiming to be X Coin support is not us.
Never share your 12 words with anyone: not support, not moderators, not "validators" or "sync tools". Real support will never ask for them.
There are no listing fees. Anyone asking you to pay to "list XFER" is not us.
Only use the links in this post. Check the domain: xferchain.net.

X Coin / XFERCHAIN uses Sign in with X but is not affiliated with, endorsed by, or sponsored by X Corp., x.com, Twitter, Inc., or their affiliates. X Coin has not had a third-party security audit. Nothing in this post is financial, legal, tax or investment advice, and nothing here is a promise that XFER or any token will have value. Do your own research. See the Terms of Use.