• Cryptocurrency
  • Trading

X8 Project 4.5/5 (1) - Cryptocurrency backed by gold and cash

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...

Token sale ended

4.5
Hype4.0
Security5.0
Team5.0
Vision4.0
  • Token: X8X
  • Price: 1 X8X = 0,1 EUR
  • ICO start: 4 Jan 2018
  • ICO end: 14 Jan 2018
  • Country: Switzerland
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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

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

Advisors

Peter Kristensen

Financial specialist

Olaf Chalmer

B2B placement

Mikkel Thorup

Foreign exchange field

Marcus von Goetz

Business development

Branko Drobnak

Strategic advice

Milestones

  • Q1 2012
    FIX 4.x Protocol implementation
  • Q2 2013
    Manual and semi-automatic trading architecture
  • Q4 2014
    Multi-broker multi-manager trading platform
  • Q2 2015
    New B2B connectivity: CFH Clearing, Squared Financial, River East Markets
  • Q1 2016
    TIER4 Datacentre Location
  • Q2 2016
    Automatic Reserve Management AI (ARM AI)
  • Q1 2017
    X8Currency Blueprint
  • Q3 2017
    ARM AI track record (18 months)
  • Q4 2017
    X8 AG Zug (incorporation)
  • Q4 2017
    TGE X8 Utility tok. (X8X)
  • Q1 2018
    B2B crypto exchange account (BITSTAMP, etc.)
  • Q1 2018
    U.S. cryptocurrency exchange token listing
  • Q3 2018
    Proto-reserves accumulation (<$2M): Single currency (USD)
  • Q3 2018
    Crypto-to-FIAT reserve distribution mechanism
  • Q3 2018
    FIAT ARM AI activation (<$20M): Top 8 currencies
  • Q4 2018
    Gold storage activation (<$50M)
  • Q1 2019
    Global multi-broker reserves diversification (<$100M)
  • Q4 2019
    Payment system support for X8C

Token

  • Platform: Ethereum
  • Price: 1 X8X = 0,1 EUR
  • Accepting: EUR, USD, JPY, GBP, CAD, AUD, CHF, NZD, gold
  • Token distribution: 34:% Crowdsale 27%: Institutional Reserve / Crypto Airdrop 18%: Private Placement 15%: Team 6%: X8 Capital AG
  • Hard cap: 3,400,000 EUR

Proof Points
5/5

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/
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Escrow

No escrow information

Comments

Update: 15.01.2018

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