Meme Insider
Codatta (XNY) is gaining traction in the blockchain and AI sectors as a next-generation decentralized data protocol on the BNB Chain. Let’s break down what makes this project unique, how its token mechanics work, where you can trade XNY (including platforms like gmgn.ai), and what you should know before jumping in.
What Is Codatta (XNY)?
Codatta is a decentralized, multi-chain AI knowledge protocol. Its big idea? Transforming how data is created, shared, and monetized using blockchain tech. Instead of data being locked up in centralized silos, Codatta connects data creators with users, turning raw info into valuable digital assets. The aim is for contributors to earn ongoing royalties when their data powers AI and decentralized science (DeSci) projects.
The XNY token sits at the heart of this system, helping to incentivize high-quality, verified data contributions. The project is an incubated initiative within KITE AI, which focuses on building foundational layers for the "Agentic Internet"—think unified identity, payment, and governance for autonomous agents.
How Does Codatta Work?
Data Assetification:
Raw data is transformed on-chain into tokenized assets. This process gives the data clear property rights, built-in interests, resistance to tampering, traceability, and easy circulation. In short, your data becomes a tradeable, ownable digital commodity.
Data Liquidity:
Codatta’s architecture features a data assetification layer (structuring and rewarding data) and a liquidity layer (focused on sharing and trading). Right now, data sharing and usage are the main activities, but plans are in motion to expand trading options.
Hybrid Storage:
The protocol uses a mix of on-chain proofs (for transparency) and encrypted off-chain storage (for privacy). Solutions like IPFS and Greenfield, plus environments like Google Confidential VMs, help keep data safe yet accessible for verified transactions.
XNY Tokenomics At a Glance
- Symbol: XNY
- Contract Address:
0xe3225e11cab122f1a126a28997788e5230838ab9 - Total Supply: 10 billion XNY
- Circulating Supply: Roughly 8.2 billion XNY (some sources report lower—always double-check before investing)
- Community Allocation: 48% of total supply, encouraging broad network participation
- Utility: Primarily used to incentivize verified data contributions
- Deflationary Aspect: Fixed supply, so no inflation over time
Market Stats & Performance
- Current Price (Aug 2025): Ranges between $0.0026 and $0.014 USD, depending on the source
- Market Cap: Around $30M–$187M USD (note that figures vary between platforms; CoinGecko recently showed ~$120M–$187M, with rapid growth after the TGE event)
- 24-Hour Trading Volume: $5M–$57M USD, showing active market interest and liquidity
- Liquidity Pools: PancakeSwap V3 holds between $443K–$841K USD in XNY liquidity
- Holders: Over 16,000 wallet addresses
- Recent Surge: The token saw a 166% price boost in one week, which is much higher than average crypto market growth
Where to Trade XNY
You can trade XNY on various platforms, including both centralized and decentralized exchanges. Some popular options are:
- PancakeSwap V3 (BSC)
- Uniswap V3 (BSC)
- LBank
- Gate.io
- BitMart
- MEXC Global
- gmgn.ai (specializes in meme and trending tokens)
Binance also played a role in early token distribution via pre-TGE and booster campaigns.
Key Events & Developments
- Seed Funding: Raised $2.5M led by OKX Ventures in June 2024
- Pre-TGE Campaign: Early 2025 saw an over-subscription model distributing 200M XNY to supporters
- Booster Campaign: 12 weeks of tasks rewarded up to 600M XNY to participants, boosting engagement
- Token Generation Event: On July 23, 2025, XNY began trading publicly on platforms like Binance Alpha
- Airdrops: Regular campaigns (often via DappRadar) have helped grow the user base
Technical Details & Wallet Setup
XNY is a BEP-20 token, compatible with most BNB Chain wallets like MetaMask. Here’s how to add it:
- Open MetaMask, set network to BNB Chain.
- Click “Import Tokens” in the Assets tab.
- Paste the contract address:
0xe3225e11cab122f1a126a28997788e5230838ab9 - Confirm—XNY will appear in your wallet!
Smart contract details:
- Status: Verified on BscScan
- Compiler: Solidity v0.8.28 (no optimization)
- Transactions: Over 72,000 on-chain actions as of August 2025
Risks & Considerations
Like any emerging crypto, XNY comes with risks:
- High Volatility: Prices swing rapidly, which means potential for gains—or losses
- Data Discrepancies: Market stats can vary widely across trackers
- Liquidity Risks: DEX liquidity pools can be exposed to issues like impermanent loss or rug pulls
- Transparency: Limited details on technical roadmap and team
- Regulatory Uncertainty: Decentralized protocols may face legal scrutiny, especially in stricter jurisdictions
Always do thorough personal research before buying or staking XNY.
Community & Sentiment
The project’s online presence is strong, with active channels on Twitter, Telegram, Medium, Farcaster, and YouTube. CoinGecko currently shows a bullish sentiment among users, but remember that early community feedback may not be fully representative.
Useful Links & Resources
- Official Website: codatta.io
- App Portal: app.codatta.io
- Documentation: docs.codata.io
- Contract on BscScan: View here
For a deep-dive into trading analytics, safety checks, and smart money tracking for meme tokens (including XNY), check out gmgn.ai’s XNY page.
Bottom Line:
Codatta (XNY) stands out for its approach to decentralized AI and data assetification, innovative tokenomics, and rapid market growth. However, due diligence and caution are essential given its volatility and ongoing development. As always, make sure to cross-reference stats and only invest what you’re prepared to lose.
