Burnt Finance (XION)

Burnt Finance is a Web3 development company behind XION, a Layer-1 blockchain built to make crypto accessible to people who have never heard of a gas fee. Burnt Finance began as a decentralized marketplace on Solana before pivoting to build the infrastructure it wished had existed.

The main reason most consumers avoid crypto is that the UX is terrible. Dealing with seed phrases, gas tokens, wallet setup, and bridge risks filters out everyone except the deeply motivated. XION addresses this at the protocol level with a toolkit including account abstraction, gasless transactions, direct credit card purchases, fiat on/off ramps, and familiar Web2-style logins like email and biometrics. Think of it as the blockchain that hides the blockchain.

Over 150 global brands, including Uber, Amazon, Nike, Samsung, and BMW, use XION through EarnOS to verify real human engagement, cut ad spend fraud, and reward genuine customers. Beyond advertising, XION powers gaming economies with human-only participation, e-commerce counterfeit verification with Amazon Web Services, portable loyalty programs for airlines and hotels, and crowdfunding platforms with verifiable ownership. The range is wider than most L1s can claim.

XION’s Generalized Abstraction testnet launched in January 2024 and reached 100,000 users in under 24 hours. By year-end, the network processed over 89 million transactions, created 4 million Meta Accounts, and grew a community across more than 130 countries, with over 200 apps and integrations live. XION transitioned to mainnet in late 2024, registering nearly one million user accounts in the first week.

XION has raised over $36 million from investors, including Multicoin Capital, Animoca Brands, Circle, Hashkey, Arrington Capital, and The Spartan Group. The April 2024 Series A brought in $25 million at a $500 million valuation, signaling strong institutional conviction in the consumer adoption thesis.

The native cryptocurrency of the network is $XION, launched in December 2024. It serves as the network’s staking and security layer, allowing holders to validate the chain and earn rewards via platforms like Ledger Live. What makes XION unusual is that USDC functions as the primary transactional currency, eliminating bridging risks and price volatility for everyday transactions. End users never need to hold $XION to use an app. The token secures the network; USDC handles commerce.

XION is tradeable on centralized crypto exchanges. But if you're moving large amounts, buying locked tokens, or acquiring SAFT notes, that route doesn't exist on Binance or Coinbase. That's where OTC trading comes in.

Acquire.Fi's OTC and Secondaries Marketplace is built exactly for this. You can buy XION OTC or sell XION OTC in one place, on your terms, at your preferred valuation.

Two paths if you're buying. Either you browse existing sell listings and engage directly, or you submit a Buy listing with the token amount and valuation you want. Think of it like a limit order, but for a private deal. Sellers see your listing and come to you.

Same deal if you're on the other side. If you hold XION and want to exit your position, you can engage with an existing buy listing or submit a Sell listing with your terms. You set the price and the amount.

After a match, Acquire.Fi runs background checks on both parties, sends NDAs, and introduces the buyer to the seller. Due diligence and payment settlement are on you, as they should be. Acquire.Fi is not a broker-dealer, but the team will push to get the deal across the line wherever they can. Frankly, for a market where counterparty risk is the thing that quietly kills deals, having a team that vets both sides before introductions is worth more than most people realize.