Bitcoin Forum

Executive Summary

X8X Tokens will be issued in several phases to raise funds for upgrading online Portfolio Risk Management Platform, establishing a stable cryptocurrency named X8currency (short X8C).
X8X will be issued in a limited amount (TGE only) as a standard ERC-20 Ethereum Token, tradable on online crypto exchanges.

Private placement phase is already concluded. Investment phases are scheduled:

• Whitelist registration is ongoing
• KYC instruction video and text will be published on Sunday, 17th Dec
• KYC for registered Whitelist members starts live on Monday, 18th Dec
• Limited Whitelist Pre-Sale starts on Wednesday, 5th Jan 2018 at 12:00 CET
• Limited Whitelist Pre-Sale ends on Saturday, 13th Jan 2018 at 12:00 CET
• Unlimited Whitelist Pre-Sale starts Saturday, 13th Jan 2018 at 14:00 CET
• Unlimited Whitelist Pre-Sale ends on Monday, 15th Jan 2018 at 14:00 CET
• Crowdsale starts on Monday, 15th Jan 2018 at 16:00 CET
• Last Registration/KYC open date: 20th Jan 2018
• Crowdsale ends on Wednesday, 24th Jan 2018 at 16:00 CET

• Minimum cap: Min cap already raised by private placement
• Maximum cap: Additional 3.4 mio €
• % of tokens generated to X8 Team: 15%
• % of tokens generated to X8 Capital AG: 6%
• Maximum number of X8X Tokens: 100 mio
• Of which crowdfunding participates: 52 mio
• Of which X8 Team and X8 Capital AG: 21 mio
• TGE Price per X8X Token: 0.1 €

All professional crypto investors or crowdsale projects founders experienced the fear and fury of extreme volatility in cryptocurrencies markets. The solution is a technology from the “old business”: portfolio risk management. And you can become the part of the revolution in the two-phase TGE on the 19th of December at 5PM CEST.



X8 project is connecting the “old business mentality” with the blockchain world by offering investors, entrepreneurs and businessmen a solution that disperses their crypto wealth into gold and 8 fiat currencies like Dollar and Euro.


Our main weapons in the fight against against volatility are a portfolio risk management platform and our own special cryptocurrency called X8C. We’re building a safe, scalable and secure currency system for the distributed future.


But we need your help to make the revolution happen:

The first early adopters have already joined us in a private placement phase.
You can became a part of the revolution in the TGE on the 4th of January and on the 8th of January. Both days only members of the X8 Whitelist™ will be able to buy tokens in a limited amount and in an unlimited amount.
Do not miss out on this opportunity. We recommend you to sign up for X8 Whitelist™.

Is this something like Icn(Iconomi) with one difference> this is going to diversify in fiat currencies, Icn is diversifying in cryptocurrencies.

Mate 2 days is very short, you need to give investors more time, there are only 11 days left. if Eth stabilizes @current price, you could see

Some entries in the second day, many of Ico investors would invest if they see others are investing.

Hello. Unlike ICN, X8currency is a single token backed by an active basket of fiat and gold. Also, the target here is value preservation not yield.

As for the time, if the hard cap is not reached, the period of the crowdsale is long enough to attract more contributors.

Working with a volatile market is very risky I totally agree, even more now that bitcoin is having a new rally and we are seeing new historical prices. I saw in this thread that basically the user (investor) participant of the whitelist sends money or crypto to X8, then you guys diversify the investment on the main trading pairs like USD EUR and even Gold right? 

Looks not bad!

Actually that is not the case. Participant in our TGE (Token Generation Event) will receive X8X tokens in return for their contributions. The X8X token is a utility token that gives the holder a licence to benefit from the environment that X8 will ensure. In other words, X8X functions as a key to the issuance and exchange process of our second token - X8Currency (X8C) - with 0% fee . The link between the tokens is represented by this formula: X8X = √X8C or X8X^2 = X8C

X8C represents a stable token 100% backed by an active basket of 8 different fiat currencies and gold. The basket is actively managed by our Automatic Reserve Management AI. So X8C in some way represents and index.

Funds from the TGE will not be used to issue X8C, as this tokens will only be minted when a holder of the X8X tokens will want to exchanges some of his/her funds for X8C. Thus, 100% backing is ensured. If the opposite applies (someone want to sell X8C), the tokens are burned. So no excess tokens are in the environment.

This Automatic Reserve Management AI will be like a platform where we will have access? I didn't see the team behind the project so I would like to know if the funds raised will be alocated to hire new managers of portfolio or if you have a team ready to manage all the project. Also, if an investor decides to put their money in crypto or in most traded pairs in the brokerage houses, will X8 have any investment diversification options on their platform?

I think it is very risky to work with the volatile market, but it may be interesting since we are going through a phase where the cryptomoedas are getting very well known might be that right.

I hope that risk management of portfolio and cryptografia x8c really help with the volatility

ARM AI is a technology that manages portfolio risk automatically. So all the holdings of the x8currency will be automatically and continuously allocated between fiat and gold. There is no human interference.  On X8 platform the holders X8X tokens (about to be issued in TGE) will have acces to new issuance of X8currency and will be able to exit and enter into fiat as many times as they want with no fee.

hi sir, how does this project work? i want to know the information . thanks

X8C will actually not include any crypto holding for now. It will be backed by 8 different fiat currencies and gold coins. Due to its diversified structure and active management of the basket by ARM AI, volatility is kept to a minimum. That results in a creation of a stable coin, unique to other already existing.

A presence of an effective stable token on the market should also have a good impact oh the whole crypto environment.

Hello and welcome to the project. A short overview of the project would be that we are releasing two tokens - X8X and X8C.

X8X is a utility token that functions as a key to the issuance and exchange process of X8C with 0% fee.

X8Currency (X8C) on the other hand is the heart of the project. It is a stable token, 100% backed by 8 different fiat currencies (like EUR, USD, etc.) and gold coins. The mentioned basket is actively managed by Automatic Reserve Management AI.

That would be a short overview. You can find more information on our website (https://x8currency.com/) and in our TGE whitepaper (https://x8currency.com/wp-content/uploads/X8-Project-TGE-Whitepaper.pdf).

I think also that is need more time for crowdsale. With high oscillate bitcoin price, they ruin all of altcoin value. Now is not time for short-term crowdrising.
I hope i am wrong and you will be successful

what are you doing here? what is this project about? I see the colorful charts, pictures but... what is the purpose of your project? you'd better to renew more description and make more clear

The purpose of our project is to bring a stable currency (X8C) to crypto and traditional finance. For this goal we are using AI to actively manage a basket of 8 currencies and gold. All this is embedded in Swiss financial infrastructure to supplement stability by safety.
Our TGE will issue a limited amount of utility tokens (X8X) that will grant holders smooth and fast access to everything X8C has to offer. Also important is the fact that we have worked hard to stick to regulation guidance of Swiss FINMA. Ths is it in a nutshell. Feel free to inquire further or visit our blog at https://www.ionectar.com/x-feed/

Good afternoon.
I offer the services to the manager's bounty.
All details can be discussed in PM.

0% fees swapping from crypto <> FIAT is quite attractive but is this likely to change at some stage or is it going to be permanent?

Will any other major currencies be supported for entry/exit or just the top two?

It is going to be permanent, but that only applies if you are using it at X8 AG. If you you are trading X8X or X8C on other exchanges you are under their rules.

Top 8 world currencies are going to be supported and also gold.

don't miss this boat. dyor.

Is this like USDT but with many currencies? And can you exit into any one of them?

X8currency is a bit like it only at first glance. There are major differences. Not only is it backed by 8 currencies and gold instead of just by one. The basket is actively managed by AI. There will also be great progress in terms of transparency ad safety. You can read about it more at https://www.ionectar.com/x8currency-adresses-the-matters-of-security-and-transparency/

Have been looking at this project since the cfi times. Sound really really nice. A better stable coin will help the whole crypto space.

Just one thing I didn't manage to look at till now. Have you actually gottean any active proof of the AI behind X8C? That would blow this out of proportions.

Thank you for the support.

Our Automatic Reserve Management AI that actively manages the basket of assets backing X8C has been developed for the better part of the last 10 years. From that is has also been tested in real markets and used on a real trading account operated by a third party. From that a reference letter (https://x8currency.com/wp-content/uploads/X8-verified.pdf) has also been issued that confirms the chart shown on our website (https://x8currency.com/).

How do I know you are not running  a fractional reserve system? It would be easier guess...

An independent institution JP Fund SA will be performing daily monitoring. They will also push all the data on blockchain. Additionally, there will be an option of  a special audit for a fee.

Thank you for the answers. I am keeping an eye on this.

Interesting Stuff Dev

Are you going to have a Bounty Campaign for this project.
I did not see a link yet.

Will be keeping a close eye on this one

Those helping us in campaign are not getting paid in our tokens. If we decide to run a bounty campaign we will inform the community and paste links here as well.

100 m tokens

I signed up for the whitelist because I do believe in your project and I see a huge potential here, being in the world of cryptocurrency for almost 2 years now, I do think that volatility is both a blessing and a curse, it has its advantages and it also has its disadvantages and it has been part of the cyrpto world ever since the beginning but it's nice to have a cryptocurrency that's quite stable and is not giving you any fear that you might lose all your money at the end of the day so when I read about your project I really got attracted by the fact that you're offering a cryptocurrency that's safe and secure and its main goal is to fight volatility. I read your whitepaper and I'm quite impressed to be honest, I really like the way your project works, I like the fact that you're incorporating an Artificial Intelligence to find the best exchange rates to preserve the value of this project for a long period of time, reading that is striking, but I think it will be best if there's a demonstration on how your AI works, so that people will have an assurance that it will really work the way that its supposed to and I also do like to comment on your roadmap, it seems like you have already raised a minimum cap, can I ask how much you have raised so far through private placement? And I also have another question in your whitepaper there are 2 tokens X8X and the X8C, during the token generation event participants will get the utility token right? So when will we able to trade it to X8C token? And you also mention that the X8C token will be burned? Can you explain further on that? Sorry if I'm asking too many questions I'm just really interested with this project so I really want to understand and know more.

Thank you for the comment and the questions. Do not hesitate to ask questions.
The running performance of the ARM AI is operating on behalf of financial insitutions. These institutions are not inclined to reveal their realtime financial performance to third parties. In fact a release of such details would be illegal due to laws governing confidentiality. However, there is a written reference on the website from a financial institution of NZ. It would of course be useful to be able to share all this information but the very nature of the industry prohibits that until these figures are published in the annual reports of the institutions concerned then we cannot divulge them.
We raised just over 1 mil in the fiat presale.
You are right, TGE will issue X8X utility tokens. X8C will be issued shortly after the TGE. At first we believed it would take up to 90 days to install everything, now we know it can be much sooner. Since X8C cannot exist without full backing the redeemed tokens are of no use, hence they will be burned.

X8X — Key to Crypto Safe Haven
How safe are your Crypto Assets? Do you have a proper exit strategy to avoid potential losses?
X8 Project developed a double token model for preservation of your value.

https://cdn-images-1.medium.com/max/800/1*Z0dE-7RwM-cuoxKcF8TMsg.jpeg

Remember the Dot-Com and USA Housing Bubbles? When you notice investors with little to no
trading skills buying an asset, not for its fundamental value, but only because they plan to
(quickly) sell it later, at a much higher price, you are probably looking at an investment bubble
in progress. Sounds familiar? Similar patterns can be observed on current Crypto markets,
that show a great similarity to overheated economies from the past.


What does it mean for your crypto investments? If you are a Bitcoin, Ether or some Coin/Token holder,
you are probably well aware of their volatility — the value of your crypto-portfolio can change rapidly.
When the markets start to crash, the most straightforward exit strategy is a conversion of your crypto
assets to fiat currency (USD, EUR) on some Online Exchange. The X8 Project is proposing an alternative,
a conversion to the X8Currency Token, the closest thing to fiat on the crypto market.


X8Currency is not only representing one fiat currency at a 1:1 exchange ratio, but is composed of and
100% backed with 8 fiat currencies and physical gold. X8C is exchangeable for each of the 8 fiat currencies
 directly at the issuer, X8 Capital AG, a Swiss based company that safeguard all backing assets under
the supervision of Swiss regulators. Fiat assets and gold funds are actively managed by Automatic Reserve
Management, a proven and tested software designed to minimize risk and to preserve value.

What does it means for you? Converting to X8Currency gives you:

● stability of value due to dispersion of backing fiat assets,

● security as X8C Tokens are exchangeable on demand to any of 8 fiat currencies at the issuer and

● portability, as X8C Tokens will be tradeable on Online Exchanges and easily transacted from
one Exchange to another. You can build your own fiat exit for the Exchanges, that do not offer fiat conversions or withdrawals,

● liquidity, as all the underlying assets are 100% convertible.

X8Currency minting and conversion to fiat at the issuer will only be available to holders of the utility token X8X,
which acts as a ticket for X8 Capital AG services. X8X Tokens will be available on a crowdsale, enabling owners
to convert their crypto assets and fiat to X8Currency and back without fees.

The concept of this project is great, good idea that your project is against of the volatility but most of the users used the volatility to earn good profit, my question is how do you deal with the exchange? if your coin is quite stable i do not think more traders used our coin for trading method which is one of the main target of more ico.

The good thing is we hold X8C for long period of time because as i read in white paper and i believed that this coin is very safe to invest.

The intent behind X8C is safety as stability as you pointed out. Traders on exchanges will be exiting and entering X8C according to their fear of losses and need for hedge. There will also be possibility of arbitrage as our company will alway issue X8C at fair value to the X8X token holders while X8C will be subjected to market forces on exchanges. In TGE only X8X tokens will be issued and these can be volatile as they are backed by nothing and function as licences to zero-fee trading with X8C. You can read more about our two tokens at https://www.ionectar.com/x8-project-token-model/

How can you make sure that your system fights against inflation?

What happens if X8C price on exchanges becomes higher than at your company's exchange, because your ARM cant control it.

ARM AI fights inflation by constatnly adjusting the ratios od currencies within the basket. Its performance is tracked on our site: https://x8currency.com/#product

X8C will most likely fluctuate on exchanges. That is why it will be so advantageous to possess x8x tokens because, among other things, they will ensure fair value exchnage with our company at any time. Those without X8X will have to take into acount current prices on exchanges and commissions.

Oh so that's why I couldn't find any real time financial results from the ARM AI that you're using with this project, it's confidential anyway I've seen the written reference on your website and honestly it's impressive, it seems like this technology is really doing its purpose, but I just have something to ask the chart shows the X8 performance index so this token has already been trading since 2015?. You've raised 1 million USD? That's already a huge amount mate, congrats on that milestone. I'm just curious how did you conducted the presale? Were there big companies who took part of the pre sale? And is the amount raised your targeted amount?. That's great! The sooner the better, so now how much days does it take? Is that information already available?. Nice that's a really good feature, now I understand why it should be burned. Thanks for answering my questions mate! I really do appreciate you for taking the time answering questions and updating this thread with the current news of the project.

Thank you. The fiat pre-sale was a private placement so it was not publicly advertised. Institutional contributors count on our discretion so we cannot disclose their names unless they confirm otherwise. We can say our contributors were physical individuals as well as institutions. Our target is to raise 3,4 million additionally to the million alreay raised. But the project goes on regardless of the funds gathered from now on since the infrastructure is almost complete. The information about the exact days regarding the TGE will be released shortly.

One more question. No X8X mean no X8C, right?

When will we be able to use X8C coins?

This looks promising. I am reading whitepaper now. Should be listed

You will be able to use X8C shortly after the TGE. At first we expected the timeframe of 3 months, now we know it will be much sooner.

x8C will be available on exchanges but not without fees and not as new issuance. Having X8X will mean you get zero fee x8C with no limits in liquidity. It will also mean you can exit and enter fiat sa many times as you want.

What are the main differences comparing to Tether? If my memory is correct, tether is pegged to 1 currency and x8c to 8. You also promised a lot more transparency.

I also remember reading some time ago a blog on the comparison. Could you maybe post it here again?

tether is super shady, no proper audits, only one currency, no transparent way to actually exchange vs usd.

This is transparent, regular audits (you can even let your own auditor do an audit for a fee), backed by multiple currencies + gold.

There are quite some differences between X8C and USDT. To name just a few:

1. USDT is pegged to only one currency, X8C is backed by 8 different fiat currencies and gold coins
2. USDT is pegged (fixed ratio), X8C on the other hand is actively managed by ARM AI
3. Regular audits will be performed by an independent auditor JP Fund and there will also be a chance for a individual audit requested by a holder of the tokens

The above present just a few major differences. You can find more the following two blogs - http://bit.ly/2Ajmjru and http://bit.ly/2wfOfN9

How much will be limited in first phase?

That's great that no matter how much the amount raised you're still gonna continue with the project, this is a really good project and not continuing with it because of lack of funds will be such a waste of a wonderful vision, do you have like a budget plan for the ranges of the amount raised? Like if the amount raised is in this specific range then this will be the plans for this project, like budget scenarios? Do you have something like that? Because I haven't seen something like that on the whitepaper yet but maybe I just missed it. Anyway when was this pre sale conducted? Was it around this year, last year or around 2015?. So the infrastructure is almost complete? That's a wonderful news so when are you going to release the finish product is it by the end of this month? Or around 2018 just like what's stated in the roadmap?. Great! I can't wait to read that news, I hope it will be soon so that this project will finally gain some hype.

The whitelist pre-sale limit has not been announced yet. It will be released in due course before the TGE.

You have seen correctly. No plan for different amounts raised has been published. Should we raise less than the hard cap our medium term plans like further diversification of holdings between 8 more brokers or banks would be postponed. Likewise the introduction of payment system for the X8C. The private fiat presale was conducted this year. we have just announced that we have adjusted the date of the TGE to give everyone more comfortable time for the KYC proces and also to provide a buffer for possible blockchain congestions. You can read the details here: https://www.ionectar.com/kyc-begins-and-tge-timeline-finalised/

KYC BEGINS AND TGE TIMELINE FINALISED
https://www.ionectar.com/wp-content/uploads/X8_swiss.jpg
Dear X8 project supporters and fans!
We are happy to announce that the X8 project has successfully implemented the KYC procedure in cooperation with the provider, which is capable of delivering services in accordance with Swiss FINMA guidelines on the matter.
This solution means that the X8 project further increases the standard, strengthening the Swiss base which has already been established. This solution meets strict requirements and ensures the best position for the project and the necessary level of business compliance for it to engage with institutions as well.
The procedure will take participants through a guided video verification of personal documents and will require each one to fill in and upload the required AML forms in the pdf format during the procedure. X8 project will raise funds during the pre-sale and crowdsale in line with Swiss KYC/AML requirements and will be one of the first TGEs to meet this level of transparency and compliance with all existing rules and regulations.
Because of these relatively high requirements, which also in turn makes the X8X Utility Token a better and more valuable token, we decided to give our contributors enough time to complete the KYC in full within a comfortable time period. Furthermore, based on legal advice we received in regard to recent Ethereum congestion, this will help the project to protect contributors and reduce the risk of not being able to contribute if potentially another or a similar Ethereum congestion event takes place during the TGE stages. As a result, we are presenting the extended timeline for the TGE.
 
X8X TGE Timeline:
 
 - Whitelist registration is ongoing
 - KYC instruction video and text will be published on Sunday, 17th Dec
 - KYC for registered Whitelist members starts live on Monday, 18th Dec
 - Limited Whitelist Pre-Sale starts on Thursday, 4th Jan 2018 at 12:00 CET
 - Limited Whitelist Pre-Sale ends on Saturday, 6th Jan 2018 at 12:00 CET
 - 2-day break
 - Unlimited Whitelist Pre-Sale starts on Monday, 8th Jan 2018 at 12:00 CET
 - Unlimited Whitelist Pre-Sale ends on Wednesday, 10th Jan 2018 at 12:00 CET
 - 2-day break
 - Crowdsale starts on Friday, 12th Jan 2018 at 12:00 CET
 - Last Registration/KYC open date: 20th Jan 2018
 - Crowdsale ends on Monday, 22th Jan 2018 at 12:00 CET
 
This is the final timeline of the TGE of the X8 project. Details and instructions will be provided and published on the existing X8 project channels.
We invite you to join us in the TGE and to obtain your X8X tokens!

Got on the list and just learned I need to wait some more for the KYC. Anyhow it looks really good grounds for the project. Looking forward.

WHat is mean Limited in this case?
Limited to a certain number of participants, or limited to a certain amount of funds?

How long till KYC forms now that I signed up?

The limited whitelist presale means individual contribution will be limited. The limits will be announced before the presale.

KYC forms will be accessible on 18 December.

Any bonus for whitelist? When do we get X8X tokens after ico?

we have decide there will be no bonuses or bounties in our TGE. X8X tokens will be issued within a week after the event.

Will everyone on the whitelist get a chance to invest? I mean the cap is rather small...

We will definitely take this into account when we are deciding on the limits of the first phase.

where can I found whitepaper?

Any projections on token behaviour after ico? I don't remember seeing it on the site.

The whitepaper for the TGE can be found on the following link: http://bit.ly/2B0e6fd

It can also be found at the top of our website: https://x8currency.com/

If you invest in limited, can you invest in crowdsale then too?

There are no projections on the site, but there is a blog post about the price estimates and different factors behind it. https://www.ionectar.com/business-model-of-the-x8-utility-token/

Of course, anyone who goes successfuly through the KYC process can.

So i see connection between X8X and X8C. What will be the X8X price from you company after the ico?

Oh thanks for pointing that out, I'm quite confused about that as well anyway why did you decide to limit the number of participants who can join the pre-sale? Don't you think that will restrict this project from being available to a larger market? It's always a known fact that conducting a pre-sale is a way for a project to get introduced to the cryptocurrency world, it's both a fundraising and a promotional campaign, that's why a lot of projects offers bonuses and discounts to gain a lot of attention from the cyprocurrency community. So by limiting the number of participants, that will make this project quite isolated to other cyprocurrency enthusiasts and it will be hard for this project to be known by a lot of people if only a few can participate because most likely if people are not part of the community then they will just most likely forget about the project and move on to the next, don't get me wrong I like this idea but I just think that it's not the best move especially now that you're just starting to gain an audience.

After the  TGE X8X stored for institutional reserve will be sold at 0.1€ per token. If the market price at the time of selling is higher, they will be sold at market price.

The whitelist is not limited in participants. The contribution of the first phase is. It is in our interest to achieve wide dispersion of the X8X token. With that aim we will also set the limits of the limited whitelist presale. Also, there is more to come in terms of making the token known in the following days and weeks:)

Looks like interesting project, since projects are requiring Know your clients (KYC) and Anti-Money Laundering (AML) because consumer protection was really clear. Do have any updates after this for this week?

I hope that this project will become attractive to the eye of more investors.

Stay tuned. There are some exciting things coming up shortly;)

What is the technology behind the x8c? You say it is working already, but there is no x8c??

The technology behind X8C is called ARM AI. There is a special whitepaper just about it available: https://x8currency.com/wp-content/uploads/X8-and-ARM-Technology-whitepaper.pdf
This technology is also already available for institutions or HNWIs but not embedded in a token on blockchain.

LEGAL ASPECTS OF X8X
What is a Utility Token? Is X8X really a Utility Token? Where are the arguments?
https://cdn-images-1.medium.com/max/1600/1*YjkXsugtwQP5Pkpq0slq0g.png
For too long, the question of the legal status of cryptocurrencies was neglected or even ignored.
Lately, with the USA establishing better control and China even banning crypto until further notice,
the crypto world has begun to acknowledge that rules and legislation have to be studied carefully
and legal measures have to be undertaken. It is not only the case that ICOs have to subordinate
to the laws of the country where their issuing company is established, but they have to become
responsible towards their investors and explore the legal aspects of their crypto token
in those countries where investors live and pay taxes.

There were several attempts to unite the standards for the legal status of Digital Assets (“DAs”),
but for now countries around the globe treat DAs quite differently. Although we can make some
general conclusions or summaries, we should not expect all tax, law enforcement and regulatory
entities to share the same view or position.

A generally accepted view, based on many articles, legal advice and reports divides digital crypto DAs into 3 groups:

1. Cryptocurrencies
2. Utility Tokens
3. Tokenized Securities

There is no strict definition of each group and there are some assets, that share similarities with more than just one group.

Cryptocurrencies
Similar to fiat currencies such as the Euro and the US Dollar, the main purpose of cryptocurrencies is to carry value and enable
transactions of value possible. That does not mean, that other crypto assets represent no value. The argument is in substance, in the main purpose.

It can be arguable as to what is the actual intrinsic value of cryptocurrencies, although some make a very
 quick conclusion: “The true value of a cryptocurrency is in the trust of its owners and users.” If trust is lost,
deliberately or accidentally, cryptocurrencies usually lose all value and exchange rates plummet rapidly.
The opposite conclusion is not necessary true, cryptocurrencies with extremely good records and valuation
do not necessarily own public trust, as market speculation can still dictate the fate of exchange rates.

Cryptocurrencies usually have the ambition to become a payment vehicle, which means that owners
can buy other monetary or physical assets with these cryptocurrencies. Therefore, it is expected for t
hese cryptocurrencies to have a broad pool of owners, large enough to create its own economy, where
people trade goods and assets. Nevertheless, cryptocurrencies can have very unique digital encryption
techniques to reach consensus on approved transactions, often inextricably linked with the process of
issuance. Some of these mechanisms (e.g. staking) can bring some cryptocurrencies very close to the definition of securities.

Generally, if a DA shares most of its features with fiat currency then you are probably looking at a cryptocurrency.

Utility Tokens
Nomen est omen. These DAs are mainly used for utilization of a service. You can imagine them as a
ticket or counter, that allows an owner to use a certain number of service functionalities, to gain certain
data, acquire better insight or upgrade. Therefore these tokens carry value, but usually the issuer is
quite indifferent or agnostic towards its trading value. The DA issuer should not be in a conflict of interest.
A utility token must be freely available to all potential users of the respected service or utility. Groups of users
can be smaller, usability can be pegged to a limited number of service providers.

But, what about the number of DAs in circulation? Can these utilities become securities, if you remove,
destroy or permanently lock or keep a certain amount of DAs, thus decreasing the number of DAs in circulation?
It is not definitive, lawyers tend to study a DA’s model closely before making any conclusion. Even buy-back
plans and programs, where an issuer returns some of the profit to a DA’s owners can be problematic, although
some (EU) legislations would classify these DAs as profit-sharing contracts.

The issuer of such a DA would not consider his ICO as an “investment opportunity”, but rather as a
“contributions to the cause”. Many startup companies found issuing their own DAs a very convenient
method to raise funds to build their infrastructure and ecosystems. The main purpose of distributing
their DAs is to grow a community of potential service users.

Tokenized security
As for the USA, the Securities and Exchange Commision (“SEC”) announced a general test that decides,
if a DA should be considered as a security. The definition is reduced to simple questions, that make up the Hovey test:

● Is it an investment of money or assets?

● Is the investment of money or assets in a common enterprise?

● Is there an expectation of profits from the investment?

● Does any profit come from the efforts of a promoter or third party?

If the business model of the DA offers affirmative answers to these questions, the DA should d
efinitely be treated as a Security and thus comply with wider legislation. It does not mean, that
this DA is illegal, it just has to be registered with and overviewed by the SEC.

If you look for an ultimate confirmation, you should observe investor activity. If the profits arise
and are distributed without the need of investor to actively cooperate or contribute with knowledge,
actions or informations, then the DA is most likely a tokenized security.

Guys you seem you pulled it off-a real utility token. Hope that counts for somethig in the future. Thanx for posting anyway.

Okay, I am signed up to X8X whitelist. I will wait until 6th january. Now is ETH price growing up, maybe you can drop the criterion of 1ETH per minimal investment. You can get more "small" investors. why do not you allow them the possibility to contribute?

Sorry mate but I'm quite confuse what do you mean the contribution of the first phase? Does this refer to the amount of funds that each participants may contribute? Or does this refer to something else?. That's good to know, I'm glad we're on the same wavelength with this one, it's always best to reach as many people as possible because you never know how many from a crowd of people is willing to invest and to take part in this project. Can I ask why set limits? Is this favorable to the project in any way? And how can these limits benefit the investors?. That's great that you already got some marketing plans for this project, a good marketing always comes a long way, so what are your plans? Will you eventually have a bounty? And do you have like teams assigned to do the promotion for this project?

I expect in first phase some bonuses or lower price per token that it will be in ICO period.
I think they have no any bounty for now.

The actual individual hard cap limits for the limited whitelist phase will be announced one day prior to the start of the TGE. Thus, the minimum contribution has not been fixed yet. The 1 ETH amount is only a reference.

As it was stated in the previous posts, the number of participants in a limited whitelist phase (or any other following) is not limited.

There will be individual hard cap limits on the amount of funds a single participant can contribute in the limited whitelist phase (from there the name limited comes). The limits are set to ensure a possibility to contribute to all whitelisted supporters and thus a wide token distribution. That does not only help the project in the long term (better acceptance by exchanges, etc.), but also is beneficial to contributors as there are no large whales that could manipulate the price. Final limits will be announced prior to the start of the TGE.

We have an active marketing campaign already underway. You can expect some very interesting announcement in the next two weeks.

Our project does and will not have any bounties/bonuses/etc. We have concluded that such things do help to promote the project, but also attract "supporters" that are there only because of that. That on the long run quite negatively effects the price movement of the token and is no no way good for other supporters.

There are no bonuses/bounties in our project. The price of the token (0,10 EUR) will be the same, regardless of the phase of the TGE.

Pardon my ignorance on the matter but if main purpose is preservance of value (as opposed to gains on invested capital which is what most people seek) why simply not invest in gold? Why the hassle with all this? What I'm missing?

The difference is in the diversification of your risk. If you only invest in one asset (or peg a tokens value to only one asset, such as gold, USD, etc.), you are completely exposed to the movement of the value of the chosen asset. Thus, there is no effective solution in case of a black swan event (the value of the asset significantly decreases) and your portfolio loses on value.

You can significantly lower you risk/exposure by investing (pegging a token) in several assets. In the case of X8C there are 8 different fiat currencies and gold coins.

In our project we have also taken a next step in the process of lowering risk/exposure. The value of X8C is not pegged to the value of the backing assets. Rather than that, the backing basket is actively managed by ARM AI. Thus, the distribution of assets in the basket is not always the same, but it changes together with the market. Example: if the value of gold would decrease, our ARM AI would lower the percentage of gold in the basket to ensure and even lower exposure to the negative market conditions.

Read the whitepaper and some blogs. I just do not get how will you ensure stabilty on exchanges? I suppose that you tokens will be listed on exchanges.

Both tokens (X8C and X8X) will be listed on exchanges as well. However, only when doing an entry/exit into X8C through our fund manager, an individual will enjoy all the benefits of the system (fair price, max liquidity, etc.). To do that, one has to posses an appropriate amount of X8X tokens.

This blog should help you better understand ways of obtaining X8C - http://bit.ly/2x6A4w2

I didn't understand the diff between X8X & X8C nor how they relate but anyway...

...am I right concluding that this is some kind of multi-world-values version of tether?

Basically, is this gonna give Bitstamp its own tether, in a more trustful way?
If so, that sounds good. Especially if it can also avoid problems in the future if taxation in europe clarifies & any convertion to "real" fiat starts being a problem.

Hey Kluog. I would recommend you to read up this two blog posts, which realy nicely explain two questions that you asked.

X8C and X8X explanation:
https://www.ionectar.com/x8-project-token-model/

and

comparison to Tether and other stable currencies:
https://www.ionectar.com/stable-cryptocurrencies-the-quest/

This looks very interesting. I read your home page and the summary at: https://www.ionectar.com/x8-project-token-model/

So just to confirm (please correct me if I am wrong),

1) The X8C token is linked to fiat currency and gold reserves that you will have in possession and the amounts are regularly audited by an independent 3rd party. The value of the X8C token is expected to remain fairly constant in the event of Cryptocurrency market swings. The X8C token could be viewed as a "safe haven" token during Cryptocurrency market swings. Since X8C is a token, depending on the particular laws of a country where a persons resides, moving for example Bitcoin into X8C would not be seen as a taxable gain, since no recognized fiat currency was purchased. This is much like Tether but with greater security since X8C has audited proof of your fiat currency and gold holdings.

2) The X8X token is a fixed supply utility token that allows the holder thereof to enter into the X8C token. The value of the X8X token would logically be expected to rise most in value during times when the Cryptocurrency market value is falling, when people are looking for a safe haven to park Cryptocurrency market gains. The absolute only way to enter into/get the X8C token is by using the X8X token. There is no fiat portal or otherwise available method to enter the X8C token. Only the X8X token allows entry to the X8C token.

Will both X8C and X8X be listed on Cryptocurrency exchanges or just X8X ?

Thank you

Oh okay so it limits on the amount of funds, that's way clearer now thanks for emphasizing it. Wow that's a pretty good idea, I never thought setting limits could be really beneficial to a project. I do support this idea, with this investors doesn't have to fear whales from dumping a huge amount of tokens causing a huge crash on the token's price and this move can really help the token and the project reach as many people as possible making this project accessible to everyone. Whoever thought about this is a genius and I applaud you guys for integrating this feature into your project, not everyone is willing to take a risk as big as this so if this ends up being successful then you guys will probably change the way ico works. I couldn't agree more that's why this forum is filled with bounty hunters because most of them just supports the project because they can gain something from it and once the bounty will be over then there will be a huge dump coming from them which can affect the token negatively especially its price. With everything that you said here, it seems like you're really devoting a lot of time thinking about the future of this project and planning each step as carefully as possible to ensure a successful outcome, with that you just prove to me how trustworthy you guys are and how serious you are with this project. I'm sure that's a quality every investors wants from every dev team. 

1) You wrote a quite accurate summary of the X8C token. It is a stable token and as such it of course can be viewed as a "safe haven". Regarding the mentioned tax implications of using X8C, it is, as you have also stated, dependent on the particular laws of a country where a persons resides.

2) You are correct regarding the fixed supply of X8X tokens. However, I must correct you that you will be also able to enter X8C through an exchange, as both our tokens (X8X and X8C) will be listed on exchanges.

With the above in mind, I must stress that only when entering/exiting X8C through our fund manager X8 Capital AG (in that case you must possess a sufficient number of X8X tokens) you are guaranteed all the benefits of the X8C token (fair value, no fees, etc.). You can read the following blog to get a better understanding about the difference in the two ways to enter X8C - http://bit.ly/2x6A4w2

THE FACTORS PUSHING THE X8 PROJECT TO THE FOREGROUND

New blog post:

https://medium.com/x8currency/the-factors-pushing-the-x8-project-to-the-foreground-f02485212f08

How will you keep the price stable if people pump/dump on other exchanges?

There are two tokens involved. The one issued in TGE will not be stable but will function as a licence to access the stable one in a zero-fee way. You can read more about it in our blog: https://www.ionectar.com/x8-project-token-model/

Great article, it opened me up to a lot of things regarding this project, I really like how you expand and explained on this matter, everything is so well put together and it's so understandable, even people who are not quite an expert with trading or with cyptocurrency can really absorb what you're saying in this article, this is a must read to all investors who will participate in the token generation event. Those two points that you highlighted in the article are really important for this project. I like the fact that you talked about the expenses and elaborated on the advantages and disadvantages in buying this token in an exchange compared to buying it directly. I also like the fact that you talked about the liquidity issue in the simplest manner possible, it's nice that you gave examples, this makes it easier for readers especially those who are new to crypto to understand. This also highlights a huge benefit of this project which is the safety and stability feature. Overall I like to give the devs a credit for writing a very informative article, this will really help a lot of investors know more about this project.

I got through the KYC today. It took some time. I guess a lot of people want in and probably that's the cause of congestion. Some sort of waiting system could help matters. 

How long did the process took you mate? Did it took more than a week? Because one of my friends wanted to invest on this project and he's very particular with the KYC process, he wants to know how long the KYC process will take because if it takes longer than a week then he'll rather pass that's his own words lol. I'm not really familiar with the kyc process because people in my country are not required to undergo that certain process but I'm just curious how can a waiting system help regarding this matter?

Hi, the process took a little over 2 hours. A week? No way I would go through anything that long. I gathered from comments even 2 hours is long. It was just my idea that some sort of order would make things smoother. But that was just my 2 cents. I thought we all went for it at once and the congestion came. I hope things are more flowing now.

FOUNDATIONS FOR THE GLOBAL REACH OF THE X8 PROJECT

https://cdn-images-1.medium.com/max/800/1*pPwYKrUDNZiTTYk1scOaAg.jpeg
It is not without reason that the Swiss canton of Zug stands out in business as a hub of the financial world.
It is most likely due to its keen sense for financial innovation and its decentralized political system that Zug
finds itself again at the spearhead, this time with the adoption of blockchain technologies.

An ecosystem of blockchain innovation has been founded in Zug, connecting other places of innovation in
this field, such as Singapore, Silicon Valley, New York and London. The X8Currency team finds the Cyrpto Valley
an ideal environment for the placement of the X8 project. Where else can one find institutional support of finance
and industry, supportive local government, progressive associations and various interested market participants
from all over the world in one place?

The increasing frequency of successful Zug-based ICOs has attracted the attention of the Swiss Financial Market
Supervisory Authority (FINMA). In September this year FINMA released a statement acknowledging ICOs as vehicles
for fund-gathering. However, they stopped short of prescribing regulation. Another Swiss government-sponsored body,
the Crypto Valley Association, expressed the desire for the clarification of ICO tokens’ status in legal terms. The same
association also came forth with a code of conduct for ICOs that would prevent fraudulent practices. The Crypto Valley
Association is composed of corporate and individual members, proficient in various disciplines such as taxation, cyber
security and legal. The X8 team has no doubt that such mutual encouragement between financial entities allied with a
multidisciplinary approach will result in regulation that will hinder neither progress nor innovation. The KYC procedure
already built into the X8 project’s system and the clear use of utility tokens make sure that X8Currency
finds favourable sentiment in Zug.

But there is not only the progressive and benevolent cryptofinancial environment working for the X8 project in Zug.
The traditional financial infrastructure involved in the project includes one of the top-rated banks in the world when it
comes to safety. The funds placed in the bank will be reinsured by the world-renowned SwissRE. The gold coins comprising
a part of X8currency’s basket will be stored in two Swiss facilities where all reserves are insured by default — Malca-Amit S.A.
and GoldSwitzerland. And there is also JP Fund, a financial institution that kindly agreed to provide independent auditing and
monitoring of the funds managed by X8 AG. This will be an additional measure providing transparency besides blockchain-secured auditing.

Just as the applicability and usefulness of the X8 project spills over the boundaries of the crypto world, its attractiveness spills over
 the boundaries of any single state. Which is why we are confident that embedding the X8 project in the well-designed Zug financial
ecosystem is the fastest route to global recognition of X8Currency.

Here you go. Right from their telegram channel:

Due to the inability of our KYC provider to offer a workable service for our all of Whitelist members we are terminating the contract with immediate effect.

We did not take this step without finding a replacement KYC provider so you will still be able to proceed to the next stage. We will provide more information within the next few hours. The truly good news here is that we are able to embrace many more countries into the X8 TGE procedure.

Guess I will do it again...But understandable with such performance.

Yeah, annoying for those who did the work already - but then again, heads up for the team for a quick reaction. From what I heard from others it was the right decision.

I am new in this "airdrop" area so.. I bet i heard 2  3 similar projects, any difference between you and them? great work. best of luck

Good call to change KYC provider. Let's hope new one is more responsive. Are you already in talks with some institutions who are interested in some of that 27% ?

We have heard about "similar" project if similarity refers to them pitching the project as stable and safe. But we have not seen yet a project that would be using AI to have an active basket backing a token.

Yes, it became really necessary to change the provider with so many countries left out. There has been some interest expressed in the airdrop, but we cannot reveal any names.

I hope you make the minimum limit at contribution small enough to include smaller holders. Thank you.

The number of participants and the cost of KYC will be taken into account here.

X8C — A LEAP FORWARD IN THE QUEST FOR THE STABLE TOKEN
https://cdn-images-1.medium.com/max/800/1*cBhNEZljSW--NW_VnLZf8g.jpeg
A recent article by Anatoly Knyazev goes straight to the heart of the matter for the X8 project.
We could hardly have produced a better historical introduction to the X8currency. The author
points out that the famous Austrian liberal economist Friedrich von Hayek opined that the
biggest headwind a currency might face is volatility. Of course no holder sees the appreciation
of his altcoins as a problem, but what goes up can always go down. The perennial threat and
reality of inflation is another problem addressed by X8currency. To efficiently hedge against
inflation capital must be continuously reallocated. The X8 project is not about value gains
(and consequently value losses), as this field already provides a host of speculative instruments.
X8currency tackles the problem of value preservation and has no intention to appeal to
speculators and token dumpers. It will appeal to the risk-averse and everyone who dislikes
 inflation. And we believe there are a great many of them.

MANY ATTEMPTS AT SOLVING ONE PROBLEM
We have already written a comparison of X8C with some other tokens and also with
arguably still the most popular token crypto traders resort to in downswings — the USDT.
Von Hayek envisioned many different “private currencies” pegged to different commodities
competing for the consumer’s wallet. Since stability is a universally recognized problem in
the crypto world many projects have emerged recently under the banner of ensuring stability.
Different solutions have been proposed but we can say with confidence that our particular niche
 is not getting crowded. In fact we stand in it alone for the reasons stated below.

VON HAYEK AND X8C
To quote from the article: “The egg of Columbus, in my opinion, is to connect a coin to a
fund that holds a range of basic assets like national currencies and other commodities.”
The author goes on to claim that the pegging mechanism has to be revolutionized. The
reserves backing the token must be audited by an independent agent. Here X8C gets a big check.
The holdings will be audited and monitored by JP Fund SA which will also transfer all data on the
blockchain. Additionally, a special audit will be performed on request for a fee. Another issue the
 author mentions is legislative support. Here again X8C gets a check. The X8 team has been
working hard to make the whole enterprise FINMA (Swiss regulatory authority) compliant.

CONCLUSION
Unlike any other token X8C is backed by an active basket. ARM (Automatic Reserve Management)
AI allocates its holdings continuously amongst 8 currencies (USD, GBP, EUR, JPY, AUD, CAD, CHF, NZD)
and gold. There is no human factor involved. No central planning and no room for any arbitrary manoeuvres.
No board of directors and no group of fund managers will ever need to sit together and fix the ratio of the
currencies in the basket. This is why only those currencies that are 100% convertible into each other have
 been accepted into this basket. The system responds to any kind of market movements and volatility boosts
 its ability to fight inflation. That is the gist of having a system — no situation should blindside you. Every
contingency is covered. ARM AI is brought down only when the grid comes down altogether, with every
other electrical device. A descriptive ARM AI whitepaper is available on our site.

Will X8C inlcude some other additional currencies in the future? Merry Christmas to all!

I can`t find information aboun pre-sale discount and bounty program.

There si no discount and no bounties.

Yes it will include crypto and possible some other fiat when they become 100% convertible with those already in the basket.

HOW X8 INTEGRATES ALL EXISTING LEGAL REQUIREMENTS INTO A WORKING TOKEN

This article explains why the tokens of the X8 project are different from the vast majority of tokens currently offered on the crypto market. The text also clarifies how our tokens actually comply with the guidelines of the regulator and answers various observations about how a crypto project can work in the developing crypto market, where the environment as we approach 2018 is becoming much stricter concerning new projects than it has been up to 2017.

99,9% OF TOKENS ARE SECURITIES
According to the key European regulator, ICOs could be derivative activities. The European Securities & Markets Authority (ESMA) warned investors that ICOs can cover fraudulent and illegal activities as described in this linked article. The main stance of the regulator is to point out obligations to conduct affairs properly and follow the rules that are already in place.

There is great cognitive dissonance existing between the general blockchain community and traditional institutions. The former is largely not specialized in various in-depth distinctions between types of assets and asset classes. Most blockchain projects do not ask themselves how the type and the nature of the token product that they make will determine how it will be bound into the regulatory framework of the financial market. And as the article on news from ESMA nicely puts it, wordings in whitepapers will not be able to convince someone that something is not a security if it behaves and works like one.

On the other hand, traditional institutions don’t yet comprehend the significance of the blockchain community, which is a necessary element for concepts to be implemented into actual technical solutions, which work in a decentralized manner. In the simplest of terms, it is required to have interest from developers or supporters, who will invest their work into implementing yours or someone else’s solutions to be able to connect to other projects on the chain. This is what creates a market place and is an important part of what blockchain is capable of. It’s technical and it has to be practically achieved if any product wants to become widely adopted in the decentralized digital realm.

DOES TOKENIZATION MAKE SENSE?
It all boils down to how well a certain business activity can be translated into the tokenized world. It does not work in the same way for differing types of businesses. It is also difficult to copy a traditional business model into blockchain. Simple business models that rely on fees can become impossible to implement because of the potential breach of rules regulating the area of securities in the financial markets.
Can blockchain solutions therefore be just simply copy/paste concepts applied to a new architecture? Technically, of course, the answer is yes. However, the regulator points out that venturing into blockchain does not mean becoming exempt from existing rules that cover known financial and economic activity types. Nevertheless, that is mostly what is happening, as many projects attempt to rebrand traditional business concepts and pin a crypto badge on it.

ICOs COULD BE DERIVATIVE ACTIVITIES
The approach of the regulator is to first push and filter out projects, which include the use of leverage or constitute a portfolio of leveraged instruments. This is because derivative instruments fall under a different section where public offering to a non-professional audience is restricted. Furthermore, risks of losses linked to investing into derivative instruments must be specifically declared as such, which sometimes may even include the risk of losing more than your deposit.

The derivative argument goes further than the argument of a security. A security can simply be a share of a company, which pays out dividends to investors. It represents an ownership in this case. A derivative instrument however constitutes a right or an obligation linked to its ownership, which has its own price, future delivery date and is traded on a margin with less than total deposit for example. It can be much riskier than a simple share and it can incorporate leverage. If this is the case in an ICO, the regulatory requirement would be even stricter than that required for general securities, making the environment for leveraged portfolio management business models in crypto most difficult at the moment.

DECREASE IN COMPETITEVNESS OF DIGITAL SECURITIES
These developments hint at an instrument the regulator could use to moderate the fiat-to-crypto flows. If most ICOs are securities and at least some of them are even derivatives, then this covers the ground for differentiation of tokens from the perspective of taxation. There is a clear tax code for securities. Furthermore, in certain jurisdictions the profits from investments in derivatives are taxed at a higher rate. It could be a factor in taking some wind out of the enthusiasm of investors, who are counting on returns without any taxes.
This means that constructive business models based on an honest arbitrary fee approach will not be able to lessen the burden of taxation by simply moving to blockchain. In this sense “blockchain is not offshore” could be the message. How this will unfold is unknown, yet it is clear that it narrows the view about possibilities that comply with regulatory standards worldwide. This also could, in part, answer the question of why there is a need for a token and what kind of a token that should be.

CURRENCIES AND UTILITY TOKENS ARE EXEMPT
Currencies are exempt because they are a non-leveraged instrument, which is not based on assets. Bitcoin falls beautifully into this category, as do all traditional currencies as well. Imagine you decide to travel from one continent to another, and you buy some foreign cash currency for your trip. After you return you exchange what’s left back into your local currency. The exchange rates would be different, but if it is a positive difference, you made money and you keep your difference without any taxation.

This cannot happen if you would use a crypto token which would be asset-backed. However, if the token is not backed by assets then the question is can a token be backed by anything? The answer is yes it can. It can be backed by another currency. As long as there is no financial leverage in the structure and that the constitution of an instrument is 100% of currencies and the token does not constitute any ownership of assets, the instrument is neither a security nor a derivative.

Now imagine that you have a service on blockchain, which controls your currency risks while you are traveling as described. Perhaps at some point during your travels the exchange rates become more favourable, but you are somewhere where you cannot do anything about it. This blockchain service makes sure you don’t miss many of these opportunities because it backs your currency with a basket of cash currencies and observes the movements between them in order to find the most competitive overall exchange rate. An individual would need to visit exchange offices, observe the exchange rates and update his or her global wallet rather regularly, so it is not practical. Instead, you use a cryptocurrency token, which simplifies it all. It can go everywhere with you because it works on blockchain and it does not consist of any assets.

IS GOLD AN ASSET?
When former FED Chairman Ben Bernanke was asked by congressman Ron Paul (R) about how he sees the role of gold and if gold is money, the Chairman clearly stated that gold is an asset, not money. In another question asked about what is backing the US Dollar then, the answer from Ben Bernanke basically was the dollar was backed by all the goods and services that the dollar can buy.
Implications of this historic interview are that crypto coins like The DAO or Xaurum, which include gold backing, could not escape the definitions of securities because gold is an asset. Nevertheless, this is an area where we completed a lot of research and have a great deal of experience. Intuitively, gold should be a part of every safe and stable currency. Legally however, if you are not a central bank, it has to be in the form of cash.

This points towards only one thing – gold coins. Gold coins have a declared fiat cash currency value and are not assets but are actually money or legal tender. Simply put, if a crypto token would use gold bullion as the backing for its tokens, it cannot be a currency, because it would hold assets as reserves.

WHAT ABOUT FOREIGN EXCHANGE TRADING?
When the forex market is used for speculation purposes or for purposes of achieving an investment gain involving margin trading it represents a risky activity. An illustration might be a hedge fund using a discretionary trading strategy and 5 to 1 leverage to increase the returns in the market from 2% to 10% or more, for example.

On the other hand, foreign exchange can be used just to exchange currencies without any prediction of which way the price of one or another currency might go. In this way, it can be used to effectively balance out your dependence on just one currency. Diversification reduces the risk of any single currency’s collapse.

On a foreign exchange trading account one can have dollars and diversify them electronically using the spot price. You do not speculate on a currency, which you do not own. Such activity is different from speculative trading because it has backing in real currency for which it tries to negotiate an optimal exchange rate. The goal is in wealth preservation, not in achieving a return. When one currency is exchanged into another currency without any leverage and with diversified risk, the upside volatility decreases as well. It gives an overall effect of safety and balance, but because it is continuously searching for an optimal overall exchange rate it has a better chance to sustain value in the long-term. This helps to fight inflation, or at least if there is inflation you still get a part of the inflated value back, which lets you sustain your purchasing power more readily on really long hauls.

WHY IS THERE THE NEED FOR A TOKEN?
People do not follow this wealth preservation approach, because it is expensive to do so, plus time-consuming and complex to maintain. Sometimes it requires responses during periods which are impractical and when somebody cannot do anything about it. Sometimes it requires a fast response, which is not achievable manually. It requires preparations, dedication and continuous calculation to keep your optimal diversification.

Fortunately, technology can make this benefit more accessible, because it calculates vast amounts of data quickly and can respond, increment by increment, without any wavering in focus. Without a token, each individual would have to create an X8 portfolio by himself or herself. X8 is a very sizeable portfolio to create. In order to be effective and viable, due to running costs, it has to be more than several million dollars in magnitude.

It is also not possible to make a small X8 portfolio due to minimum trade size limits set by brokers, because it doesn’t pay off for them to trade 20, 50, 100 dollar amounts. The result is that it is not possible to exchange very low, low or even medium amounts in a portfolio and then frequently maintain optimal ratios. Small and medium size savers cannot diversify their risk due to a cost equation in the value chain.

UNLIMITED EXCHANGE AT FAIR VALUE
The token enables a system, where the benefits of the functionality can be channelled to the end-user at zero fees. To the user the token has utility value. The token provides the utility which, once set up, does not impose any additional charge onto the user. This means that the market will be able to determine the value of the utility freely and the utility will be equal for all users regardless of the prevailing price of the token.

Larger users will also not need to pay more than utility value for the service because with increasing size they will not need to spend additional costs on overcoming entry hurdles. For a computer a calculation on numbers 100 times larger in scale is not 100 times more expensive. It also means that there is no hidden profit in the system as it scales up and it remains competitive as a utility.

A TOKEN FOR EVERY USER
Only a token can make this mechanism possible. It solves the problem of getting a fair reward for holding cash. It makes the use of cash less costly and more protected against harmful market drops. It reduces the entry hurdle for users who are able to use this stable money principle so that small- and mid-size users can benefit from it.

It enables a 100% backed and stable token, which is not based on assets. Because it does not include any fees in the model, the entire value for the user is actually in the token itself. To work properly it needs to be able to operate on a worldwide scale and it needs to be able to circulate freely and to service everyday activities in the digital world.

This combination of characteristics that we have presented is one of only a few which allows complete value to be built into the token itself. That is a big part of why the market needs this token. The world is looking for tokens, which can be valuable and can work practically for a large number of users. The benefit it can provide cannot be delivered to the market through any other form than as a token. The market also benefits from a new member who adds stability and a product to that market which can, in turn, attract new future users who will welcome this new token solution.

Link to the blog (https://medium.com/@x8currency/how-x8-integrates-all-existing-legal-requirements-into-a-working-token-bcae96c77171)

X8X is an utility token that can converted into X8C.
X8C is a token backed by top fiat currencies + gold
is this mean you are asking people money and you will trade our money in forex market (Either leveraged or not leveraged) ?

Can i convert my X8C into a hard cash?
if yes ,If i have 1000 X8X, how much X8C i will have if i decided to convert it (excluding fees ) and how much fiat i can have if i decided to sell my X8X to you?
If not, please explain ?

Are you trying to create a hedged portofolio with X8C?because as far as i know , with your fiats and metal basket, we can create a perfect triangular (Or maybe Quadangular ) hedge
How your ARM AI works in simple plain english language? you analyze EUR will stronger than USD, than you sold all of your basket , exchange it with EUR, and sell it for USD after the bull run end?

I'm looking for the link to your bounty campaign. Thanks

We have no bounties or bonuses in our campaign.

ARM AI executes transactions in milliseconds evaluating the cost of transaction and exchange rate. On the most simple level it buys currencies low and sells high. Every X8C token will be 100% backed and is non-leveraged. The client's holdings will be instantenously split between the 9 currencies of the basket and automatically managed by ARM AI for the benefit of value preservation. X8C will be convertible into fiat at any time at our company X8 Capital AG. With 1000 X8X you can get 1.000.000 X8C and there is no fee involved at any time. We wil not be interested in buying X8X, you will have to find buyers on exchanges. We wil always issue new X8C to X8X holders or redeem their X8C for fiat at fair value.

X8C will indeed be used as a hedge, but unlike conventional porfolios it will be managed by AI which will be trading continuously targeting value preservation and 1-3% yearly yield. The ratios of currencies in the basket are adjusted on the basis of milliseconds.

There is a presentation of the X8 project at the Merkle:

X8Currency – Fail-Safe Cryptocurrency Reduces Risk of Investing in Crypto World

https://themerkle.com/wp-content/uploads/X8.jpg
Safer cryptocurrencies are key to the growth of the crypto economy. To address volatility and illiquidity risks, several cryptocurrency exchanges have started to back their currencies with fiat currencies. Zug, Switzerland-based X8 Currency (X8C) has gone even further by backing its currency 100 percent with a reserve basket of fiat currencies and gold. The Crypto Valley company has implemented additional risk measures engineered to Swiss financial standards that would even make the global bank regulators down the road in Basel blush.

Read more at:
https://themerkle.com/x8currency-fail-safe-cryptocurrency-reduces-risk-of-investing-in-crypto-world/

Great concept.
Is there anything to show yet, other than the ARM? Like a rough internal working version of the actual platform allowing the exchange of ETH or USD to X8C and back?

If yes, where? if not, what would be the expected timeframe for this?

thank you.

Thank you for the feedback.

As you have suggested in your post, our ARM AI has been up and working for the last 2 years. Its track record and also a reference confirming the results are published on our website (https://x8currency.com/).

The platform, which will be the backbone of the exchange through our fund manager, is planned to launch in Q3 of 2018. A more detailed roadmap can be seen below:

http://shrani.si/f/3J/bc/OAqOaIn/roadmap-1.png

Thank you, I am aware of the ARM AI that is already working, as well as the roadmap.

But is there something like a "developer preview" video or anything to show progress on the X8 platform?

If i got it right you are on this for the better part of the year. So I would hope for something to show, as the task at hand is not trivial, and Q3 2018 would be quite optimistic imo (considering the required security level requiring code audits etc.). If there isn't much progress to show on that front (actual X8C exchange platform) so far I would have some doubts about how realistic the timeline is.

sorry for being so critical, I know getting the legal framework in place and the ARM is something to show already. but without anything to show as far as the actual platform goes the probability of hitting the actual milestones in time is not favourable in my opinion.
It is also probably the point holding the interest for X8currency back the most if i were to guess.

All i can share with you at this moment is that X8C is already in prerelease version and is being tested on testnet. In first half of January it will be available for public testing and viewing how it works.

X8CURRENCY APPLIES FOR BITSTAMP CRYPTO EXCHANGE ACCOUNT

https://cdn-images-1.medium.com/max/800/1*za8YqkAlJafvKOyIiYrNPg.jpeg

The X8 project has come a long way since the concept was in the beginning of taking shape. X8currency is now institutionalized. We are also moving closer to another important milestone, which will open the way for X8currency to be put into operation.

X8 AG started the process of opening a corporate account with Bitstamp — a regulated European crypto exchange. This is the first step for X8currency towards opening its crypto liquidity window for anybody who will want to use the functionality of the X8C smart contract — Decentralized Auto Conversion Platform.

DIRECT CONNECTIVITY
Bitstamp offers FIX Protocol connectivity for B2B users to connect their own systems to the Bitstamp exchange. For us this is one of the best options. ioNectar’s ARM AI technology already uses FIX protocol to connect to financial intermediaries and their servers. This is one of the most direct ways to connect our system to the crypto world.

Why is this important in our plan? When the X8C smart contract will have all necessary links established to convert ETH for fiat and vice-versa, X8currency will be one step closer to starting production. From an early stage people will be able to start using X8C directly without going to the exchange. The smart contract itself will find effective routes to exchange crypto into fiat and produce X8C tokens for the client in return.

SHORTER TIME TO MARKET
Investors will only need to send ETH to our X8C smart contract’s address. This is a big advantage for us and for X8currency in the crypto market. Linking to the Bitstamp exchange enables us to start building liquidity for our product and to make it available on the market. We feel that this is one of the best ways to start the process.

When our application will be resolved successfully, the X8 project will implement the Bitstamp process into out platform and start testing it as soon as possible. When connectivity to the entire system will be in place, the platform will know how to issue X8C tokens.

This will permit our project to further prepare the broader infrastructure mechanism for the engagement of Automatic Reserve Management AI. ARM AI will become activated when sufficient reserves will accumulate on X8currency AG accounts. Nevertheless, because of the described approach the X8C production start will not be dependent on raising large reserves from the start. This will further accelerate the time to market for X8currency.

SUMMARY
A working infrastructure is one of the most important elements for any service or product to start entering the market and to start gaining market share. Even if it starts from a smaller scale initially, the system will be able to start producing a product and then expand the liquidity network further from there. We look forward to this process as it is of direct benefit to our project, X8currency and all our supporters and investors.

Remember, X8Currency is the ultimate crypto safe haven.

X8 Project at the Cointelegraph

The Most Stable Cryptocurrency Ever Known
https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84N2E3ZTc2MGE1YTJmMGIxYTM5YmJiMDRiZjRmNGFkMS5qcGc=.jpg

Zug, Switzerland, January 3, 2018:  X8Currency is launching the world’s most stable cryptocurrency – the X8C Currency Token. The token will be distributed from Zug – Switzerland’s Crypto Valley – and the first stage of the distribution procedure commences on January 4th, 2018 with the TGE Pre-Sale. The X8C Currency Token acts as a hedge against market volatility by being physically entirely backed by a fully exchangeable basket of the top 8 fiat currencies and monetary gold lodged with leading Swiss financial institutions.
https://cointelegraph.com/press-releases/the-most-stable-cryptocurrency-ever-known?platform=hootsuite (https://cointelegraph.com/press-releases/the-most-stable-cryptocurrency-ever-known?platform=hootsuite)

IMPORTANT INFORMATION FOR X8 PROJECT CONTRIBUTORS

To be able to participate in the TGE, you must first successfully conduct a KYC procedure. The last day for conducting the KYC is January 22 (if the hard cap is reached before that, the whitelisting option will be closed earlier)


The timeline of the TGE is as follows:

1. Limited Whitelist phase: starts on January 5th at 14.00 CET and ends on January 13th at 12.00 CET
2. Unlimited Whitelist phase: starts on January 13th at 14.00 CET and ends on January 15th at 14.00 CET
3. Crowdsale: starts on January 15th at 16.00 CET and ends on January 24th at 16.00 CET

The Limited Whitelist Phase will be open for everyone that will contribute untill its conclusion. Everyone will have an equal opportunity to participate and will not be rejected. If the hardcap is reached before the end of this phase further contributions will still be accepted. In this case contributions will be averaged but maintain the same contribution ratio.


Some important things to be aware of when contributing in the TGE:

1. The individual minimum contribution limit is 0.2 ETH or 0.01 BTC
2. The individual maximum contribution limit is 10 ETH or 0.5 BTC
3. Be sure to provide a personal wallet address that supports ERC-20 tokens (like MyEtherWallet). In no case should you state the address of your exchange wallet.

The TGE price of the X8X token is 0,1€. The ratio of ETH and BTC lock to Euro will be fixed at the end of the Limited Whitelist phase based on the average of that period.


How to contribute?

1. Go to the Login area of our website – https://x8currency.com/login/
2. Log in
3. Proceed to the contribute page (only shows if you are verified)
4. Follow the instructions shown on the page.


https://www.ionectar.com/important-information-for-x8-project-contributors/

CEO of X8Currency is interviewed at Irish Tech News



HOW WE ARE AIMING TO ACHIEVE CRYPTO-STABILITY,  GREGOR KOŽELJ, CEO OF X8CURRENCY

https://irishtechnews.ie/how-we-are-aiming-to-achieve-crypto-stability-gregor-kozelj-ceo-of-x8currency/

This is quiet an exceptional idea
I want this community to grow.
Dev when is presale ?

It is going on right now. Check 3 post above this one to see all the relevant dates.

I can not make a video link verification, who can help me? I was told to contact the representatives of x8currency.

You can send an email to cs@x8currency.com and enclose a screenshot of the problem if possible.

have a look at this if you are reading this. the token model is interesting, but you won't find many projects of this quality with such a low hardcap.

X8 PROJECT TGE OPENS DOORS TO OVER 150 NEW COUNTRIES

Dear X8 project followers and supporters,

After lengthy coordination about how KYC can be arranged for every supporters’ country, we decided to establish a separate procedure for countries that are not on our KYC provider’s list.

The existing procedure stays the same for contributors from countries that are on the original list. (ALL THE COUNTRIES IN THE ATTACHED LINK + JAPAN, NEW ZEALAND, BRAZIL, KAZAKHSTAN). Please use and follow the existing instructions and troubleshooting link.

 

The new procedure for all the new countries will not include a video verification. More than 150 countries are added. All verifications will be performed by a manual check. This can be described as a lighter version of the KYC.

The lighter version of the KYC procedure without the video verification has a compliance level, which only allows subscription of smaller amounts, yet with that configuration it at the same time ensures that the X8 project is fully in line with all existing rules and regulations. This addition means that every contributor from every country will have a chance to take a part in the X8 project TGE!

 

Many members of our community expressed strong opinions that in the world of blockchain and cryptocurrencies there shall be no distinction and that a fair opportunity for everybody shall be enabled. We completely agree with these views. Nevertheless, exactly the same equal treatment cannot be provided because of various legal reasons and requirements.

 

Light KYC specifications:

User will be able to select their country from the TIER 1 list of countries
Maximum contribution for TIER 1 KYC will be 1ETH or 0.05BTC
Members from every country can participate (except China, South Korea and United States of America)
Users for TIER 1 KYC will enter the same procedure using our login page. After choosing a country the procedure will guide them to the document upload section, where users will upload their documents.
 

Light KYC document requirements:

A copy of a valid passport
A photo of the owner, holding and showing himself or herself together with their passport (Picture on the passport and the face of the owner must be recognizable and in focus)
Proof of residency (Utility bill / phone bill / electricity bill / bank statement. May be required and requested after the documents will be checked. Applications with proof of residency will have priority)
FORM A and FORM 1A (Both forms shall be completed with all the fields filled in (Including the purpose of cooperation)
 

In light of all the developments we hope the community appreciates the increase in our efforts so that everybody will have the best chance to join the X8 family.

US citizens can go through regular WebID video call procedure, but will not be able to contribute unless they are accredited or professional investors. We intend to provide an option of contribution to every US citizens ASAP and will reserve a certain amount of tokens for them. Announcement with further details on this will be made shortly.

We kindly invite you to become one of our members and complete your KYC.

IMPORTANT: COMPLETE YOUR KYC AS SOON AS POSSIBLE TO AVOID DISAPPOINTMENT!

great news, good to give more people the option to take part.

No bounty = no success for hard cap. I recommend to start bounty as soon as possible to reach the goal of ICO.

lol... it will absolutely sell out, most likely even in the current phase, which is capped to 10 ETH.

This project raising this amount does just not need bounty. They did a few PR/placed articles and that's that.

FINALLY, THE X8 PROJECTS INVITES THE U.S. TO KYC

Our aim was to be able to offer participation in our project and the X8X TGE (token generating event) to U.S. citizens. Nevertheless, because the TGE timeline and the Limited Whitelist phase of the TGE came about faster than we were able to receive a response from a U.S. institution to provide a solid legal base for this step, we had to decide to put the safety of the project and other participant contributions first and continue with the X8X utility token sale without the participation of U.S. citizens.

 

In this context our project sought the best solution, because we care a lot for our support base. The X8 project has always been about the long-term perspective and we believe that everyone should be able to join us. When merging all the perspectives into one, we were able to come up with the following proposal to invite the members of the U.S. crypto community, so everybody who wants to support our project gets a fair chance.

 

Status:

U.S. citizens cannot contribute during the TGE (X8X utility token sale)
X8 project will create a reserve of 1.000.000 X8X utility tokens from the airdrop quota
 Airdrop size will be reduced from 27M to 26M tokens.

The reserved quota of 1.000.000 X8X tokens will be offered to U.S. supporters directly prior to the X8 project’s entry into the U.S. market.
The quota will be offered to those followers from the U.S. who will complete their Video KYC by 15th Jan 2018.
Only successfully verified U.S. supporters will get a chance to obtain the X8X from this special package.
The future limitations on contributed amounts for each individual will remain the same at 10 ETH, just as during the Limited Whitelist of our TGE.
In case the entry into this quota will be oversubscribed, contributions will be averaged out and a proportional amount of X8X will be obtainable by each individual.
 

This is a symbolic gesture which the X8 project can make to remain in a good relationship with our U.S. community base and at the same time remain fully compliant. The price of the token at that future point is not determined, but we are looking for the most sensible, practical and fair offering that we will be able to pursue at that time. We believe it is in the interest of the entire project and the wider community to keep our ties with our American friends as strong as possible.

 

Everyone, who will decide to successfully complete the KYC will be notified about all the updates in this regard.

X8CURRENCY BETA VERSION IS READY

We are proud that we have achieved one of the goals set before the deadline.

That is why we are already announcing the release of the Beta version of the X8Currency.


https://kovan.etherscan.io/address/0xbadaf2243A4D45180c76c7C6A32EBFf079Eef778#code

https://kovan.etherscan.io/token/0xbadaf2243A4D45180c76c7C6A32EBFf079Eef778

https://github.com/x8currency-project/x8CurrencySmartContracts


The crypto-world will soon be a safer place.

Thank you for your support. Please stay tuned for further updates on this subject.

Source: https://www.ionectar.com/5190-2/

20 HOURS TO GO!

TIME IS RUNNING OUT TO CONTRIBUTE.

We thank every support for their contributions.

Hi there

I know, time is running - but I am having a principle question concerning the process of obtaining XBC with cryptocurrencies (ETH) through the direct channel with XBX. You are stating that you are establishing a business link to Bitstamp to be able to exchange ETH to XBC (ETH to USD, USD to XBC). So now, if I want to secure my ETH by buying XBC (with the utility token XBX) you are in the same liquidity trap as ANY user in Bitstamp, trying to exchange ETH to US Dollar, no? If I am doing the exchange ETH -> USD manually at Bitstamp I can control how I am selling my ETH, when the market isnt liquid enough. I am in this trap at Coinbase (GDax) in the ETH/EUR market, where I am having real trouble buying/selling more than 100 ETH at once.

So I do not see any real advantage letting your smart contract doing the conversion with Bitstamp compared by a manual conversion. You find yourself in the same liquidity boundaries as any user in Bitstamp, no?

Thanks indeed for an explanation!

THE TGE IS CLOSED!!

We would like to thank each and everyone of you. Without your support this could not have been possibile.

Hello. Yes, at Bitstamp there will be the same limits to liquidity everyone else might face. But b2b account with Bitstamp is just the first step in our crypto/fiat infrastructure. When X8 system diversifies with several exchanges, liquidity traps will be overcome by algorithms choosing optimal conditions for the crypo/fiat transition.

I receive an email, my ID form is incomplete I can't find where to change it on the website.. I have to reply to your mail with the correctly form ? Thanks

The tokens will be transferred by the end of this month. We are giving everyone the chance to send their corrected A forms back so everyone can receive them at once.

Send the corrected forms to kyc@x8currency.com please.

how is everything going now? the coint listed?

Hello, we are doing fine and listing is in progress.

it is actually listed on IDEX now, https://idex.market/eth/x8x

Still not on coinmarketcap so absolutely below the radar. Will probably stay that way until closer to Q3, because this project is not about generating hype without the product being delivered (which can't be rushed for a solution like this obviously).

This coin is not worth investing. Just a pump and dump coin..  I am out. bb.  :-\ :'(

This coins giving us false promises. A pure scam in the making. Dev just waits on the right moment to dump all his coins.
This coins has no volume at all. Just pump and dump, with fake news, fake hype, and deceptive promises.

Oh, ah pump and dump coin you say?

I must have missed the pump then. And the dump as well. And the hype too now that I think about it.

Funny how perception can be so different.

Until now not a single X8X token has been distributed to the team. If you don't thrust this, you are free to use the main advantage of blockchain - unbaised tracking - and check Etherscan for confirmation. Even after tokens will be distributed, they will be locked. Thus, it is hard to see your comment in reality.

X8X now live on Bancor for decentralized continuous liquidity https://www.bancor.network/communities/5a9be9f6feb1c3000111b8b9/currency

New users can find tutorials for using Bancor with metamask here https://support.bancor.network/hc/en-us

What makes you say this coin is not worth investing in it, cause is just a pump and dump? Can you back up what you are saying? I am very interested in this since the beginning, and I would like to know how you see the current situation here. Thank you!

looking  Forward to this Project ,hope will be a success,When we can trade on the exchange ？

Hey. X8X is currently being traded on Bancor, ForkDelta and IDEX. We are in talks with multiple exchanges aswell and hoping we can add more soon.

I have some questions, regarding this X8X Coin.

So basically X8X is the means through which one can aquire X8C, whereas the X8C can be seen as a SAFE means to store value.

Lets consider the folowing example.

X8X is worth 5 EUROs at Exchange and i own 20.000 X8X, which in turn would worth 100.000 EURO
Now i want to "back UP" These 100k Euros.

I give the 20k X8X to you, and i receive a certain amount of X8C token, which presumably, has a fixed value.
Now when i give you X8X worth of 100k EUROS, you basically issue a certain number of X8C, and hold the 100k EURO, naturally, spread over 8 different fiats and Gold.

But wait, you dont actually receive the 100k EUROs i give you, you only receive 20.000 X8X, that you somehow Need to convert in 100.000 EUROs worth of 8 Fiats and GOLD, for the issued X8C to be actually be backed up by 8 fiats and Gold that are worth 100k Euros, that means you will Need to dump the 20.000 x8x back in circulations where other will be buying it, for their other cryptos, or BTC or whatever.

Then what you receive for the dump of 20.000k X8X (lets say BTC), will Need to be somehow converted to said 8 FIAT plus Gold, which will consequently mean a dump of said BTC, which will in turn lower Price of BTC.

This is how i see the System would work, or am i teribbly mistaken ?
And that is where my question comes !

How are you planning on filling the basked with 8 fiats plus Gold, that serve as collateral for the X8C coins you are issuing ?
Naturally when someone cashes out from X8C coins, you give them whatever fiat or Gold they want, and you burn said number of X8C Tokens.


Or are you planning on filling the basket yourself by allowing People to purschase X8C directly with said 8Fiats plus Gold, thus collecting liquidity, for when People trade in X8X ? That would also not work, because say you gathered 10 mil Fiat/Gold, and you issued 10 mil X8C, now someone comes and exchanges 10k X8X for 1000 X8C, and you give them 1000 X8C, and now you have issued a total of 10.001.000 X8C, but you have in basked only 10 mil Fiat/Gold, you know what i mean ?


I would like to have some answers to this simple matter. Perhaps i will invest then.

Hey. Let me correct your way of understanding X8C.

You don't purchase X8C with X8X. You need X8X on your X8 AG account so you can obtain X8C without any fees. You still purchase X8C with cash or later with ETH/BTC.

After purchasing X8C you still have your X8X tokens which get locked for a certain amount of time and after that time you can sell or use them again.

You can purchase X8C on exchanges aswell but you will pay the fee and the price will be the supply/demand one.

After you exit from X8C your X8C tokens get destroyed.

The equation for the amount of X8X needed for X8C is  X8X^2 = X8C so for example, with 10 X8X you can purchase 100 X8C(you still keep X8X like explained above).

I recommend reading these two blogs:

https://www.ionectar.com/x8-project-token-model/

https://www.ionectar.com/business-model-of-the-x8-utility-token/

And if you have any other questions feel free to ask or join our telegram channel.

https://coinmarketcap.com/currencies/x8x-token

We are on CMC!

mooonn

X8Currency[X8X] trading is live on latoken!
Trade now: https://wallet.latoken.com/market/Crypto/ETH

https://twitter.com/x8currency/status/1042805632695300101
https://pbs.twimg.com/media/DnjKMc4U4AAiIXv.jpg

5$ in Q1!!
mark my words GUYS!

Still waiting..

lol beach