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X8 Project
The ultimate safe haven for crypto investors
X8 Project developed two Ether Tokens: X8Currency (X8C) that is fully backed with 8 fiat (cash) currencies + gold and X8X Utility Token, that is used as a key to issuing and exchange process of X8C with 0% fee at a fair value. Cash & gold assets, used for backing of X8Currency are activelly managed by AI propriety software, that was tested and approved. X8X Utility Token is offered on Whitelist pre-sale and will enable early contributors to obtain their own X8Currency with no additional costs at the issuer, a Swiss based and legislation complient company X8 Capital AG. X8Currency is not backed with only one fiat currency, but uses a combination of 8 fiat currency baskets and gold. It is stable and exchangeable directly at the issuer, offering distributed exchanges a suitable solution for fiat exit point. X8X is a pure utility token, a key to access the X8Currency exchange services. Dual Token Model separates the value preservance role of X8Currency and utility role of X8X.
X8X is an Ethereum pure utility Token, functioning as a Key for issuing X8Currency. To exchange X8Currency for fiat ($/€) with 0% fee you will need to hold a corresponding amount of X8X.
Utility Token Token is used as a key to access services of issuing or exchanging the X8Currency at the Issuer.
Limited Cap There will be only 34,000,000 Tokens issued in the TGE, later mining is not supported.
Opportunity X8X holders will be able to obtain their own X8Currency or distribute this right to others on Online Exchanges.
Legislation compliant The X8X Token is issued by a Swiss-based company, approved by the Swiss Regulatory Authorities.
X8 Project - Dual Token Model A revolutionary new store of value for the distributed and traditional economy brought to you by the ultimate currency. The X8 Project developed two Ethereum based Tokens: X8Currency that is fully backed with 8 fiat (cash) currencies + gold and X8X Utility Token that functions as a key to the issuance and exchange process of X8C with 0% fee.
What is X8Currency (X8C)? X8Currency is an Ethereum Token, 100% backed in 8 fiat (Cash) Currencies & Gold. Each Token is represented with assets deposited on bank accounts. Assets are actively managed by the propriety software, Automatic Reserve Management AI. X8C can only be issued or exchanged for fiat with X8X Utility Tokens.
X8Currency Facts:
100% backed with Cash & Gold
assets are actively managed by proved and tested AI risk management platform ARM
the most stable Crypto Currency
100% exchangeable for 8 fiat Currencies (Cash) at the Issuer for 0% fee with X8X Tokens
- SOUNDS VERY LIKE: XRONOS SCAM -
If he fails to comprehend the information and then attempts to offer a seriously biased review, then the only scam that is blatantly apparent is his review itself.
REPLY: The review is nothing more than my personal opinion based on my knowledge and experience in crypto / ICO - market, and professional investment (PE) experience (total deal value over $22 billion) - it's your right to agree or disagree.
- "THE MOST STABLE CRYPTO CURRENCY" - HOW IT CAN BE KNOWN WITHOUT FREE MARKET TRADING? -
The model is clear and unambiguous. There are 2 tokens with the fiat- and gold-backed X8C cryptocurrency operated by underlying AI technology, which has several years of proven trading success. X8C is predicated on stability as a value store and not on fabulous growth. On the other hand, our TGE is for the X8X utility token which is the gateway token to use of X8C. We point this out in many of our online materials and explain the 2 token model.
REPLY: so effectively no proof. Look at XRONOS (http://digrate.com/ico/463) and GOLDMINT (http://digrate.com/ico/254). And even USDT that is expected by the public to be 1-to-1 to USD, almost never had a ratio of 1-to-1 (in some periods with extreme deviations from USD), while X8C is backed by 8 currencies (I am not even questioning the motivation behind the selected currency basket) + gold - what is going to happen with the ratio and exchange rate?
- HOW WITH LIMITED TOKEN SUPPLY (THAT OVER TIME GETS BURNED), A ONE CAN AIM TO CREATE A NEW CURRENCY? - WHAT WILL HAPPEN AFTER 100-500 YEARS WITH THE "MONEY" SUPPLY?
- There is a limited supply of X8X Utility tokens but not of X8Currency. X8X tokens do not get burned. The amount of X8X tokens in circulation remains the same. How does a professional not understand that?
REPLY: In the WP - 7 "The X8X utility token performs as an entry ticket and is required to qualify for direct access to the X8C currency token." Thus, this is what was meant initially (as both of the products are tokens, and none is effectively a currency) - as over time the number of X8X utility tokens goes to zero (over a long-period of time), new people who want to purchase X8C currency token, but not from exchange (as we do not need to trade on exchange to get USD/GBP/JPY or any other fiat), will have no chance to get the currency?
David PrezeljICO team member replied on 19 Dec 2017
so effectively no proof. Look at XRONOS (http://digrate.com/ico/463) and GOLDMINT (http://digrate.com/ico/254). And even USDT that is expected by the public to be 1-to-1 to USD, almost never had a ratio of 1-to-1 (in some periods with extreme deviations from USD), while X8C is backed by 8 currencies (I am not even questioning the motivation behind the selected currency basket) + gold - what is going to happen with the ratio and exchange rate?
REPLY: The ratios of currencies within the X8C's basket are continuously adjusted by an AI targeting value preservation. As no X8C will be issued without placing the holdings in the UBS bank account, the token will be 100% backed. The motivation behind the choice of currencies is the fact that they are 100% convertible into each other, which is necessary for the AI to do its job. As for the exchange rate, you can see the AI's performance in USD on a chart provided on our site by scrolling down a bit here: https://x8currency.com/#product . This will be the fair value exchange rate available through our company.
You also mention the concern that X8C will become unavailable due to X8X tokens' number going to zero. X8X tokens do not get burned or destroyed when you use them, they are only temporarily disabled. If a lot of X8X possessors choose to hold, this will drive the price of the utility tokens up, so people will have the chance to get X8C but at higher cost.
Love the fact that this project mixes traditional assets with crypto currencies. A great mix for newcomers as well as people not inclined to be too risky.
Early Bitcoin Holder / Ethereum ICO Investor Rated on Jan 22, 2018
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I've been following this project since Aug-23-2017
I've been profound disapointed with the constant delays and without any clear information only clouds of information that were total blur and unclear.
I've bought Cofound tokens in order to buy their tokens on time, yet they have delayed the launch, making me lose time and money with tokens that I didn't have the intend to own.
So yes. I have no idea what they are thinking with this lack of organisation.
Due to all this above. It was hard for me to be kept update as a possible heavy investor with a great portfolio to invest in them. They were inconclusive and mostly probably will be up for a lot of speculation due to closed circle of information.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
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