X8Currency is a token based on ethereum which is 100% backed by gold and eight fiat currencies. Each token of X8Currency represents assets that are deposited in bank accounts. Those assets are managed by customized software known as the Automatic Reserve Management AI. X8Currency can be exchanged or issued against fiat currencies with X8X utility tokens. X8 Project is based on a dual token model which includes X8C as well as X8X tokens. The dual token is a utility token that acts as a key for issuing or exchanging X8C against fiat currencies without any fee.
Cryptocurrencies are becoming increasingly popular nowadays. It is a prevalent thought that the future belongs to the cryptocurrencies. More than a thousand cryptocurrencies exist so far and a lot more to come. As a matter of fact, cryptocurrencies are more volatile and risky as compared to traditional currencies. Popular cryptocurrencies such as bitcoin, ethereum, and litecoin are famous for their wild fluctuating behavior.
People wishing to invest in cryptocurrencies seem confused as to which cryptocurrency they should invest in? X8Currency is a crash-proof asset with adequate gold and fiat currency back up. The X8 Project’s AI technology keeps it stable and functional. Its risk-averse financial architecture and gold backup ensures its stability even when the cryptocurrency market is highly volatile.
How Does X8Currency Work?
As mentioned earlier, X8Currency token is backed by 8 globally accepted currencies of the world. When someone wishes to buy the token of X8C, he/she can do so using other cryptocurrency or fiat currencies. The incoming transaction amount automatically gets diversified proportionally into eight currencies including JPY, USD, CAD, EUR, NZD, AUD, CHF, GBP, and gold. The system then further disperses the reserve by keeping them with several different banks and brokers with the help of financial information pool of exchange. Due to the fact that the amount invested in token gets well diversified, therefore, it is less likely for X8C to get affected by market fluctuations.
Earn X8Currency Tokens
To earn X8Currency tokens, people can participate in the ICO launch that is expected to take place in January 2018. A few steps procedure is required in order to buy X8Currency tokens. Followed by the opening of an e-wallet account, people need to sign up for the ICO whitelist and submit their KYCs. Making a contribution to the provided address using BTC/ETH allows investors earn X8Currency tokens in their e-wallets.
Buy X8Currency Tokens With E-wallets
People wishing to buy X8Currency tokens need to open an e-wallet account first. Since X8 currency is based on ethereum and ethereum needs an e-wallet to be stored in, therefore, an e-wallet account is a mandatory to participate in the X8Currency ICO.
The ICO Distribution
The ICO is expected to kick off on January 4th, 2018. It will last for around 18 days. It will end on January 22nd, 2018. There will be a total of 34% token supply available. The starting price of the ICO token is EUR 0.1000. The ICO plans not to exceed the funding cap of $3.4 Million. However, it hasn’t defined any funding target yet.
Funds Distribution (100%)
- 8% funds will be distributed to meet legal requirements
- 6% funds will be distributed for R&D purposes
- 7% funds will be dispersed for Marketing
- 9% will be spent on Overheads
- 3% funds will be spent on Swiss architecture
- 6% funds will be spent on IT Hardware and Production overhead
Token Reserve Split (66%):
The token reserve of the ICO will follow the below-mentioned proportion;
- 15% tokens are reserved for team and advisors to the ICO
- 18% are reserved for private placement
- 06% are reserved for X8 Capital AG
- 27% are to be kept as Institutional reserves
The ICO has following team members;
- GREGOR KOZELJ is the CEO / Founder of the ICO
- TOMAZ LEPOSA is the CSO at X8C
- ALY KULAUZOVIC is responsible for business development
- RUDOLF P. STRÖBL looks after Infrastructure at X8C
Invest In X8Currency
X8Currency is the first ever cryptocurrency that is backed by fiat cash and gold. It will make investors grow faster than any other cryptocurrency because of its AI-based financial infrastructure and reserve diversified management procedure. It is going to be investors’ top choice for sure. We look forward to the launching of the ICO. We believe people should Invest in X8Currency and they won’t regret their decision for sure.