XCRYPT got its X from the word Xenomania which means a likeness for foreign customs, manners or institutions. It was born out of the fact that at times changing the normal custom or belief of people can be very difficult since new discoveries has been known to scare humankind. The block chain technology is yet to be fully accepted by all and this is mainly because the technology concerns very few people in the world and generally it has been shown to be mistrusted even though it comes with a lot of benefits that could change the world.
XCRYPT comes with the XCT token as its medium of exchange and it was born out of the belief that the in the near future, many changes and developments would occur in the crypto currency field and also in the trading field and in the belief that the world would come to embrace the block chain technology. It aims to create a strategic marketplace for the erc721 and to carry out innovative relationships with the ICO. The picture was conceived in order to be able to reward the community of XCRYPT crypto user with a zero fee exchange which is related through social media and its holders are compensated monthly through airdrops with a ranking system.
Centralized Exchanges Versus Decentralized Exchanges
The centralized exchanges are the standard mode of exchange present in the real world. It allows for the trading of stocks and assets and has drawn more people through its low latency and liquidity. Also it is subjected to the interference from government and can be stolen or hacked since it involves a third party which holds the security of the transactions and even performs the transactions.
Decentralized exchanges on the other hand considers centralization a forbidden word, as it does not involve a third party and usually cannot be influenced by the government and the users are provided with their transaction keys giving them more control and their security mainly is with them. Also they mostly rely on software making difficult to subject them to government regulations and usually the user’s asset is not held by the decentralized exchanges it is difficult to be subjected to hacking. Although it is considered by many to be the solution to the problem of the centralized system it is still yet to gain as much recognition as the centralized exchanges leaving it with the problem of liquidity.
Loyalty Issue And Little Added Value In The Current Market
In the exchange, making the user loyal is the main goal. Usually the users are most times often based on the reduction of the fees to a zero level because of the competitiveness in the market. There is the belief that there’s no exchange attractive for its added values, besides the fees price and the liquidities: a better competitor is very much likely to break the bond of relationship built with the user.
Token Information
Token Name: xCrypt
Token Ticker: XCT
Total Supply: 200,000,000
Token type: ERC-20 Token
Private Sale is Live on Xcrycpt Website
Token Value: 1 XCT = 0.10 USD
Bonus: %50
IEO on IDAX and BITFOREXToken Value: 1 XCT = 1 USD
Soft cap: 7 Million USD
Hard cap: 75 Million USD
Conclusion
The world of investment has been forever changed by block chain technology and for good. The ICOs also has been proven to be a secure and good means of financing companies and projects. By purchasing a membership to the XCRYPT platform, members are entitled to several services and benefits and with the aim of publicizing and making the block chain acceptable.
USEFUL LINKS
Website: http://www.xcrypt.club/
Whitepaper : https://www.xcrypt.club/xCrypt-Whitepaper.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=4993175.0
Instagram: https://www.instagram.com/xcryptclub/
Twitter: https://twitter.com/xcryptclub
Author's Details
BTT Username: invBeejay
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=1900615