XX Platform is a system that combines a multifunctional cabinet with investment elements and a trading service with a set of analytical tools and an asset management program. This is an attempt to rethink the concept of classic hedge funds, implementing it in the form of an automated investment trading platform.
XX Platform is designed for investors who want to find a compromise between reliable placement and high return on investment. Our goal is to create a platform that will be able to minimize risks while maintaining investment attractiveness. The XXP team has established itself ambitious plans to create an independent investment platform that will become a reliable guide for investors in the world of finance.
Launching any fintech startup requires resources: time and money. We understand that the independent development of the XX Platform will take many years till its release. That is why our team decided to raise funds from private investors.
In order not to contradict with our concept of decentralization and libertarianism, we turned down proposals from large investment funds in favor of attracting funds from private investors. The team has decided to issue their own cryptocurrency – XX Platform token (stock ticker: XXP).
The formation system of the XXP token pricing policy is based on its use within the XX Platform as a native token. It is the XXP token that allows to create proper microeconomics inside the platform and ensure the ease and convenience of interaction for all system users. The main objective of the XXP token is the functioning of a virtual accounting unit (equivalent to records in accounting books) to ensure the accounting of funds placed by investors in trust with traders.
Moreover, the XXP token provides its holders with the opportunity to receive a reward for helping to finance the platform development in the form of a staking interest rate.
The approximate ROI (return on investment) in the XXP token can be found in the table:
In the future, the XXP token will also be used for investments in partnership funds and various investment products of the XX Platform ecosystem.
Holders of the XXP token will receive priority for investment, as well as special conditions and discounts, which will make investments with the XXP token more profitable, thereby providing it with natural liquidity.
To structure and regulate the attracted investment funds, as well as for the sake of fair and transparent distribution of remuneration from the platform, the XX Delegate system of delegated stake distribution has been implemented in XX Platform.
The XX Delegate system consists of Delegates and Stakeholders. This is an effective and democratic mechanism representing a voting system in which small and medium token holders (stakeholders) transfer their “vote” to the elected Delegates. The process of placing user tokens in the Delegate's staking pool is conventionally called a vote transfer.
A delegate is a user who has fulfilled the necessary conditions and registered a Delegate's account in the system. Any user who feels a leadership potential and has the time, desire and experience to develop the XX Platform community can become a delegate.
In order to create a Delegate account, it is necessary to buy and "freeze" XXP tokens in the amount of 10,000 units and go through a special registration procedure. Freezing of XXP tokens is carried out through the special form in the user personal account. When registering a Delegate, the system offers 2 Contract options:
In terms of the economic model efficiency, the XXP token implements the HALVING mechanism, which the developers have put into the XX Platform cryptocurrency at the software level.
The essence of halving lies in the following: starting from the 4th month after the launch of the network, a gradual decrease in the percentage of reward (staking) is activated, which will constitute -50% of the initial indicators by the end of the year.
Further, over the next 2 years, the percentage of remuneration (staking) will continue to decrease gradually and steadily and, as a result, will decrease by -50% every year.
Starting from the 4th year, halving will be automatically deactivated, until the moment when the emission of cryptocurrency will be completed with the production of 50 million tokens.
In contrast to the above HALVING mechanism, the developers, at the software level, have implemented a deflationary algorithm in the system, called HELIX.
HELIX will be automatically activated by the system in Q1 of 2022, and its activity will be aimed at compensating for the decrease in profitability of XXP token staking. This mechanism is an additional investment tool that will appear in the interface of the user personal account. HELIX got its name because of the coefficient increasing in an upward spiral.
Thus, after the HELIX algorithm activation, XXP token staking will continue to be liquid and profitable for XX Platform investors.
Tokenomics
- 72% - 36,000,000 XXP tokens are intended to pay rewards to investors in the form of interest rates from staking
- 10% - 5,000,000 XXP tokens – fund of the development team, is in a frozen state
- 9% - 4,500,000 XXP tokens – main operational wallet to pay the expenses for the project functioning and promotion
- 4% - 2,000,000 XXP tokens – pre-ICO and ICO stage
- 4% -2,000,000 XXP tokens – marketing fund for promoting and scaling the project
- 1% - 500,000 XXP tokens – fund for holding promotions, bounty campaigns, contests, quizzes and other events
The total emission of XXP cryptocurrency
is 50,000,000 tokens distributed on
8 special system wallets.
The founder’s statement
Yuriy Draganov
Founder of XX Platform
Professional trader, financial analyst.
8 years on the market.
ХХР Team
The project is being created involving an international team:
Yuriy Draganov
Founder XX Platform
Conclusion
The XX Platform is developed to replace the already established cryptocurrencies by addressing their bottlenecks and proffering a better solution to the users. It is smart, secure, advanced, and created aims to enhance the users investment potential substantially.
For more information, contact the XX Platform Project below:
● https://twitter.com/XXPlatform
● https://www.facebook.com/XXPlatform/
● https://www.reddit.com/user/XXPlatform
● https://www.instagram.com/xxplatform/
● https://www.youtube.com/channel/UCHmnVCzee_Ay8yxxMFtNd_A
Author :
Username: piqulhdt28
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1793127
ETH: 0x9E5793c693D083c84C460315E146db84A8064479
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