The XCOYNZ Exchange enables Individuals to set their own fee when exchanging their Crypto assets. This will be based on a recurring annual allowance from the time of first registration, with further loyalty bonuses being awarded based on periodic exchange activity volume. This is a ground-breaking incentive in the Crypto world and will disrupt the way business is done for Cryptocurrency exchanges in the future. Users of the XCOYNZ Exchange will also have the ability to transfer from one’s Individual wallet, or even the XCOYNZ SAW - to another Individual’s bank account as fiat.
The XCOYNZ SAW will consolidate all your Crypto assets into a single wallet so you can use this to process your payments faster, and incur only a single fee that again is set and controlled by you. It will also use smart algorithms to determine the best combination of assets to use to process your payment, minimising costs or maximising profits. You can opt for the Crypto assets suggested by the SAW or make your own choice as to which Crypto assets you would like to use. It will also predict which Crypto to HODL or sell.
The XCOYNZ Payment Gateway is the key connector using crypto assets to bring together seller and buyer in the massive market place that is the internet. The XCOYNZ Smart Cards will allow the Individual a way of purchasing products and services from a retailer using their Smart Cards.
Missing whitepaper? Let us know.
Rated on Jan 18, 2019
Modified on Jan 24, 2019
Significant disconnect in Milestones. Where is the milestone of when the exchange will be completed? There is no single mention of the product except all about token sales?
"The XCOYNZ Exchange enables Individuals to set their own fee when exchanging their Crypto assets."
Willing to revise rating if team responds.
All the best!
ICO team member replied on 21 Jan 2019
Thank you for your feedback via the review that you have submitted.
We value your thoughts and I would like to also thank you for highlighting the missing roadmap sections on ICOBench. We have taken steps to correct this, and you should find that the roadmap section now includes the full version of all of the XCOYNZ platform components (once ICOBench moderation is completed).
The initial review by ICOBench only listed our Token Sale Roadmap rather than our Product Roadmap which we have now requested to be updated.
I can see this may be why you concluded that we are 'all about token sales'
At this point I would like to highlight that the XCOYNZ platform includes an Exchange, a Smart Algorithm Wallet and a Payment Gateway.
Of course, we have details of all of these in our Light paper and full Whitepaper.
The Team and I strongly believe this industry needs careful filtering out of fake and scam team members and support your strong views on other ICO's where you have identified lack of KYC verifications and so forth. As you can see, this is not the case for us.
I would also like to take this opportunity to illustrate our vision, which is not just to make things simpler and faster, that's what we all aspire to achieve, but it is to actually make this platform available for all types of people from all walks of life, and not just those that are crypto savvy.
I trust this is enough information for you to make a more informed decision on your review, and I am happy to continue a further discussion should you wish to get a better understanding of our business vision and core values.
Thank you and best regards,
Thank you for your positive engagement.
1. Milestones have been updated with clarity on product roadmap. Do you have a MVP ready?
2. Team needs to beef up on the Advisory as only one member has past experience of a completed ICO.
3. Softcap and hardtop numbers are realistic.
All the best!
Rated on Feb 9, 2019
Modified on Feb 9, 2019
This looks like an interesting project. Has a good team and the whitepaper is well drafted. They have a POC and KYC has been completed.
These are the kind of projects that will help create mass adoption of cryptocurrency.
Good luck, would like to see this project take shape.
Rated on Feb 6, 2019
The vision of the project is not a new and not original, having on the market a very large number of very well positioned, rich and powerful competitors, but it has all the credentials to find its place on the market and become a success. I see work behind, commitment and decent background experience.
The team is a fairly complete and well distributed in the roles, each of them has a decent background, perhaps missing a bit more experience in the financial sector but also in the blockchain and perhaps some more members at full time, despite the various position are covered by the advisors, we know that the advisors have another thousand commitments in the meantime so they can not give 100% to a single project.
Social networks and communication channels are held very well, are active and have a good amount of community members. Website done well, detailed and pleasant to see, while the whitepaper (available in various languages) is written and analyzed very well, presenting a little all the necessary aspects.
Github presents good activity, even if some development updates are missing, but this does not mean that they are not working.
The tokenomics is clear and accurate, the only flaws are in the distribution, I find a little excesive 5% to the bounty while the reserve fund (17%) should be a little higher. Another thing that I find excessive is the sale of 580M token with 50% bonus, these may not be liked very much by big investors. Good business plan and reasonable roadmap.
MVP that works well enough and meets the parameters that a good demo must respect.
It will be a pleasure to follow the project developments in the coming months.
Always good to read reviews from learned and respected members of ICO Bench’s expert list, all of us at XCOYNZ thank you for your input.
We note your comment regarding the perceived imbalance between the Bounty & Community allocation and the Foundation Reserve allocation.
Our rationale behind that being that we hold much prominence in rewarding the hard work of many people, who are not part of any big company or institution but individuals, who have helped us along the way, whether it be with translations services of our Whitepaper right down to someone who has taken the time to decipher, understand and re-illustrate our business literature in the form of superb articles.
There are many passionate people within the ICO environment, who the industry all too often overlooks, we take pride in ensuring we are not in that category.
As for your point about the 580M tokens/50% bonus, I have no rebuttal but am interested to understand a little more about what you mean.
Happy to open up a direct conversation to hear more about this.
As for all other points, we feel very encouraged with your support so thank you again.
Rated on Jan 12, 2019
Modified on Jan 12, 2019
Team is having good faces and KYC cleared so everything seems fine there, defining own fee is something new but competition is more in the market.
Team needs to work hard to achieve thier vision, Vision is good as per WP,would like to to see them working
Rated on Jan 12, 2019
Modified on Jan 12, 2019
Nice managed team and KYC is cleared.
Well settled tokenomics and Price of one token is 0.05 that seems reasonable, whitepaper bis descriptive and well formatted.
Coming to project setting up our own exchange fee is creative and beneficial for both a and b parties.
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.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
TeamApply as an advisor
Infrastructure and Architecture
Senior Marketing Advisor
Blockchain Expert and Experienced Cryptotrader
Key Investor Influencer
Maria St. Berova
Social Media Strategist
User Interface, Founder - Paciillum Limited
Pre-ICO - Ends 31st Jan 2019 - 80% Bonus Crowdsale Phase 1 - 5th Feb to 25th Feb 2019 - 50% Bonus Crowdsale Phase 2 - 26th Feb to 11th Mar 2019 - 25% Bonus Crowdsale Phase 3 - 12th Mar to 18th Mar 2019 - 5% Bonus
XCOYNZ Exchange: Phase 1 Development (Multi directional exchange features. User defined fees. Future orders)
XCOYNZ Smart Algorithm Wallet: Phase 1 Development (Offset network fee. Most profitable use of assets)
XCOYNZ Exchange: Main Development Complete
XCOYNZ Exchange: Phase 2 Development (Additional currencies)
XCOYNZ Smart Algorithm Wallet: Phase 2 Development (HODL predictions)
XCOYNZ Payment Gateway: Phase 1 Development
XCOYNZ Exchange Complete
XCOYNZ Smart Algorithm Wallet Complete
XCOYNZ Payment Gateway Complete