X8 Project 4.5/5 (1)

X8 Project

Cryptocurrency backed by gold and cash
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.


4.5

HypeSecurityTeamVision
4.05.05.04.0



STATUS: Ended
TokenX8X
Price in ICO1 X8X = 0,1 EUR
CountrySwitzerland
ICO start4 Jan 2018
ICO end14 Jan 2018


  • ABOUT
  • TEAM
  • MILESTONE
  • FINANCIAL
  • SECURITY
  • MEDIA

Business idea and concept

We have developed the solution that provides the missing link, that can fight abrupt market drops, inflation and the negative effect they create for users. The solution is that money you have saved will be worth the same amount in 10 years as it is today. The opportunity is in how much more money is and will be worth, when you keep it at arm’s length from inflation and speculation. The approach to this is systematic and driven by unique portfolio risk management financial technology. It has been proven in a real production environment. It enables the creation of a safe, hyper-liquid and secure foundation for an instrument like a cryptocurrency. For this solution to be available to 3,5 billion people this principle is applied as a cryptocurrency model on blockchain technology.

All in all, the business idea of the project includes creating and producing a stable cryptocurrency backed by traditional fiat currency reserves and creating the ultimate solution for global payments. The diversification and 100% backing of the reserves creates safety and the strong foundation necessary for a cryptocurrency, while our fintech technology is continuously working to find the best exchange rates for the elements in the reserve in order to preserve value over longer periods of time. The technology driving the portfolio is ARM AI (Automatic Reserve Management Artificial Intelligence), developed by ioNectar and is described in the technology whitepaper (http://bit.ly/2shdOZs). We named this product the X8currency.

 

X8C currency token

X8currency consists of the top 8 global currencies plus physical gold reserve. When an investor wants to buy this product, he can buy it with fiat currencies or with cryptocurrencies. When our system receives an incoming transaction, it uses its own technology to automatically diversify the amount of the payment into proportions of EUR, USD, JPY, GBP, CAD, AUD, CHF, NZD and gold – the X8currency basket. This money becomes a part of the reserves. The system also diversifies the reserves across up to 8 different brokers and banks using Financial Information Exchange Protocol. The result is that of maximum possible risk diversification.

Team

TEAM
Gregor Koželj
CEO / Founder
Aly Kulauzovic
Business development
Rudolf P.Ströbl
Infrastructure
Lenart Kmetic
Communications & Legal support
Phil Lawrence
Communications
Alen Oberstar
Communications
David Preželj
Communications
Urban Aljančič
TGE / ICO project manager
Sofia Kulauzovič
Corporate look & design
ADVISOR
Peter Kristensen
Financial specialist
Olaf Chalmer
B2B placement
Mikkel Thorup
Foreign exchange field
Marcus von Goetz
Business development
Peter Merc, PH.D.
Legal advice
Simon Cocking
Digital Marketing
Branko Drobnak
Strategic advice

Milestones


  • FIX 4.x Protocol implementation

  • Manual and semi-automatic trading architecture

  • Multi-broker multi-manager trading platform

  • New B2B connectivity: CFH Clearing, Squared Financial, River East Markets

  • TIER4 Datacentre Location

  • Automatic Reserve Management AI (ARM AI)

  • X8Currency Blueprint

  • ARM AI track record (18 months)

  • X8 AG Zug (incorporation)

  • TGE X8 Utility tok. (X8X)

  • B2B crypto exchange account (BITSTAMP, etc.)

  • U.S. cryptocurrency exchange token listing

  • Proto-reserves accumulation (<$2M): Single currency (USD)

  • Crypto-to-FIAT reserve distribution mechanism

  • FIAT ARM AI activation (<$20M): Top 8 currencies

  • Gold storage activation (<$50M)

  • Global multi-broker reserves diversification (<$100M)

  • Payment system support for X8C

Financial

Token
PlatformEthereum
Price in ICO1 X8X = 0,1 EUR
Investment Info
AcceptingEUR, USD, JPY, GBP, CAD, AUD, CHF, NZD, gold
Tokens Distribution34:% Crowdsale
27%: Institutional Reserve / Crypto Airdrop
18%: Private Placement
15%: Team
6%: X8 Capital AG
Hard cap3,400,000 EUR

Security

Legal entity

IONECTAR FINANCIAL LIMITED. Registered Address: London, England

https://opencorporates.com/companies/gb/10670658

X8 AG. Registered Address: Zug, Switzerland

https://www.zefix.ch/de/search/entity/list/firm/1328718?name=x8

 

Prehistory of project

ioNectar Financial LLC is a financial technology (Fintech) company, which developed ioNectar, professional trading platform specialized in portfolio risk management. https://www.ionectar.com/

Team of ioNectar is the same as in X8.

Product or its MVP

Automatic reserve management ARM AI

https://x8currency.com/wp-content/uploads/X8-and-ARM-Technology-whitepaper.pdf

Blockchain experience

Peter Kristensen – Director in JP Integra Group (finance) http://www.jpintegra.com/peter-kristensen
Head of Markets and Investor Relations at https://covesting.io/team.html

Peter Merc – Co-founder of http://www.lemurlegal.com/en/team/

Simon Cocking – Editor in Chief at https://cryptocoin.news/author/simon/
Advisor at https://www.experty.io/en
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Advisor at https://descrow.com/
Advisor at https://www.clearpoll.io/
Advisor at https://www.cryptoimprovementfund.io/team/
Advisor at https://www.assettoken.io/

Escrow

No escrow information

Comments

Update: 15.01.2018

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