Bitcoin Forum

Going through the website I figure out that the coin is only about mining. Do you have any utility associated with your coin apart from this mining feature? There are already too many coins with mining feature in the market.

Do you have any plan to reach out investors directly apart from crowd funding. There is so much saturation in crypto market that investors are afraid of new projects due to reasons like scam. Seeking investment directly from investors give you a backup in case crowdfunding goes not as desired

Can you please inform us more about this "proven track records" on several aspects as mentioned on your website I quote as below;


As for the token sale event themselves, I understand correctly that 0.2 USDT is the price for ICO and I take that you'll follow the usual path taken by most projects where you'll let market decide what price will be the initial price upon listing?

Xcavator is not a mineable token or coin. Xcavator is a Crypto Token which represents mining power. We have come up with a unique concept which will make our subscribers the holder of mining power which will be tradeable.

Xcavator token have a limited supply of 51 million tokens. All the funds from the tokens sale will be used to setup crypto mining farms and revenue will be generated through mining the most profitable crypto currencies. From the mining profits around 50% will be used to buy our own tokens from the market at the prevailing market prices and they will be burned with proof of burn. Balance 50% of the mining revenue will be used for expansion of crypto mining farms which will generate additional mining power, which in future will further increase our profits.

Since 50% of the mining will be used to buy tokens from the market at the prevailing market prices and the tokens will be burned, the total supply of our token will keep decreasing and the demand along with the hashing power per token will keep increasing. Hence, the price of the token will keep increasing and this process will continue forever while additional mining capacity will be added every month.

The decisive power to dictate the price will be given to the general public as at some point of time as the shortage of our token arises XCA token holders will be able to sell their tokens at the price decided by them.

The token subscribers will be gaining from the long-term appreciation of the token value due to the burning process.

Thanks for your suggestion, the process has been already initiated some time back and we are in talks with investors for direct sale.

We are into cryptocurrency mining since 2018. We have continuously been mining even during the slack period of crypto currencies by optimising the power usage and other operational parameters.

Yes you understand correctly that 0.2 USDT is the price for ICO and the market will decide the price upon listing.

Our token has a unique asset appreciation procedure in which we will use half of the revenue of our mining farms to purchase the tokens at market price thus pushing the prices up.

It's really a brave move to launch a project at this moment since market is very much saturated with new tokens. Your team has any plan to deal with this? Really you need to work hard to deal this situation and not ignore this factor.

With only 15% for ICO, and 75% for exchange listing where the price could be plummeted due to your decision to let the market decide their price, wouldn't some precautions need to be taken to make sure the initial listing price is way above ICO? Otherwise, it'll discourage investors from buying.

You are right as the market is saturated with new tokens, but there is none with a unique concept like ours token buyback and burning with mining expansion. Also our project is backed by real world assets i.e. crypto mining farms which will be generating real world revenue. Our team is working hard as we are confident in our project and will surely succeed. Plus we are already in touch with some big investors for private sale also.

We do not plan to release the whole 75% of the tokens together in the exchange after listing. We will be releasing the tokens in small batches only as we will be using all the funds from the token sale to setup mining farms and as mining equipment are not available easily in bulk due to short supply, we will be procuring them in batches as per the token release batches in exchange. Also we will be listing on few crypto exchanges and we will be selling in small quantities and not dump it all at once. Because of the same reason that we will be using all our funds for setup of mining farms, we are not getting listed on decentralised exchanges due to liquidity blocking on them.

Where can I find this batch release schedule? I can't see it on your website and whitepaper. Also, what basis/consideration do you take during planning this stages? I mean, what makes you be certain that releasing (for example) 5% instead of 10% or 3% f the total supply next week on Binance is the best decision for the project's future? Or will your market and community decide for this too?

Mining in bitcoin is very much centralised i.e. only miners who can afford expensive mining devices and electricity bills can do btc mining. Is there anything in your project that ensures fairness and equal opportunity for everyone ?

With our tokens people can hold mining power as an asset in smaller units which is not possible in direct mining. Our project will ensure fairness and equal opportunity for everyone as we will have a combined mining infrastructure which will not be labelled based on the holders. All the holder's will own the mining power based on the number of tokens they hold which will keep on increasing always as we will keep on expanding mining farms along with buying and burning tokens so mining power per token will always increase.

Thanks for the nice review. We really appreciate it.

We have already seen drawbacks of pow and pos consensus algorithm. Are you also on same track or you have some different consensus algorithm. It will interesting to know what consensus algorithm you are using and it's unique features.

Funding is still coming in but this will depend on the strength of the team, the influence they have in the space and 2 million dollar should not be struggle to raise. We have lesser scam projects that in previous years. IMO the bottom of the market is very close and everyone will planning to a position in the market by 2023, maybe not as much in Bitcoin and ethereum because of the desire for bigger profits. If they can present a profitable project with strong tokenomics they can have VCs investment.

The batch release schedule will depend on the availability of the mining equipment and the price sustainability of our token. We do not have any plans to dump our tokens in the market and create a price crash. Considering the availability and market this decision will be taken in the best interest of our community.

There are drawbacks of pow and pos consensus algorithm but we have to agree that they also are the most profitable ones. As per our project concept we will be mining the most profitable ones and so will be doing the same to start with. In future if other consensus algorithm becomes more profitable then we will surely explore that.

As it is not a scheduled and automated release and rather an on-demand, does this mean your team holds the rest of the token supply? As in... being in control of them all?

As per the need of our project we cannot schedule and plan automated release. Mining equipment gets updated every now and then and the availability is a major issue. In this scenario an automated release cannot be scheduled. Also we will be listing on multiple exchanges and we will be needing liquidity. The team will only hold 10% of the token supply as given in our white paper.

by any chance, are you going to publish actual photos of your mining farm in the very near future? how can you assure your investors that you are indeed into mining? you can't just take what others are saying these days. as we don't know how this project will come about after couple or few months.

We will be publishing photos and videos of our mining farms on our community channels and groups. We are a KYB (Know Your Business) completed project and we are confident in our project & concept which will be more and more profitable in the long run. As the crypto market is developed on this system only, we had done everything to assure our investors about us. Never less we will be proving the same in few months from now which be giving our investors the insight of our unique project.

I am interested in knowing what are requirements to mine your token? Like in case of BTC we need ASIC miners that consume too much electricity is this the case with our token also or you have fair chance for everyone in the mining process?

Sorry, maybe I made myself a little bit unclear. What I am asking is not the token allocation for your team, but rather if the team has control over the rest of the total supply. Looking at how it is not automatically released by something like a smart contract certain amount of token every specified and scheduled time, doesn't this means the team hold and has access to the rest of the tokens in order to be able to gradually release them when the team sees the conditions fit.

Our token will not be a mineable token. It is a token which will represent mining power in our mining project. We will be mining the most profitable coins in the market and will keep on updating to the latest miners depending upon the price and the availability. Our aim will be to maximise our mining profits.

You are right as the team will have control over the rest of the total supply. As per the demand of our project we cannot automate the release of our tokens. Firstly we cannot be assured of the availability of the latest mining equipments. As we will be using all the funds from the sale of tokens to setup mining infrastructure, if we will automate the release and at that time miners are not available then the mining power per token will go down as the mining power will be less in comparison to our token holders. Also as all other projects hold supply to provide sufficient volume on different new exchanges we also will be doing that.

As we have established that we are on the same page for the case of the token "possession" of your project, I think it is not too exaggerating to think that this method will require the investors to have a very good faith in you not to rug pull, isn't it?

A coin is known worthy by  exchanges on which its listed. What's your plan of listing your coin on exchanges like binance or other such top exchanges. What are your plans of such enlistment and are you in touch with any exchange?

You are right on this part and as every crypto project needs the investors to have a very good faith in them we would also be expecting the same. We have got our Smart Contract Security Audit and Project’s Know Your Company (KYC) completed to be verified. Moreover there seems no reason for the investors to feel unsafe as our project concept is a unique one and we are confident that in a long run we will achieve great heights which is a much bigger picture in comparison to the rug pull which other small crypto might have done.

We have plans to be listed on top exchanges like binance or other such top exchanges but as everybody knows that these top 10 exchanges have a very high listing fees along with strict listing norms in which a new project would find difficult to accommodate, but in future we would surely be listed on them with the faith and support of our community. As you might have read about our concept, we will be using the funds from the token sale to setup mining farms, it would not be suitable for us to divert a majority for listing initially. As of now we are already in talks with top crypto exchanges ranked between 30th to 50th worldwide and very soon we will be finalising and be listed.

Yeah, yeah. You're a unique one and aimed to achieve great height. I found that your whitepaper is plagiarized, your KYB certificate belongs to other project and... well, as you've admitted it yourself, you hold the entire token supply. I would invite you to answer and give your defense toward the accusations here (https://bitcointalk.org/index.php?topic=5396412.0)

Xcavator is delighted to announce that their IEO is confirmed on Coinsbit.io (https://coinsbit.io/ieo-list/XCA_111) along with the listing. And the IEO sale will start on 18th May 2022.

Xcavator is a state-of-the-art mining project that is revolutionizing the way mining is done so far. It is building an ecosystem that will ensure that people can experience a more optimized way of crypto mining. It will be fun, easy, and highly profitable for the miner.

The aim of the Xcavator is to be part of the professional miners' community making additional profits over domestic mining. The project aims to increase the hashing power for such users and effectively scale up their operations without any hassles to convert mining into profitable assets.

After concluding the Airdrop event on May 8th the team has been announcing the winners on a regular and predefined basis. Now users have an opportunity to buy XCA tokens easily and at the best price by participating in the (Initial Exchange Offering) IEO sale.

                                                                                                                                                                                                   
The IEO sale will begin on 18th May 2022 and will end on 31st May 2022. In this sale round the price of 1 XCA is just 0.21 USDT, and there are a total of 7619047 XCA tokens available to be purchased.

There are limits on purchases, you can buy a minimum of 50 XCA and a maximum of 500,000 XCA using BTC, ETH, LTC, USDT, EUR, and RUB cryptocurrencies. This is a golden opportunity for crypto investors to buy XCA tokens at very low prices. After this, the price of the XCA token in any sale will not be less than this.

The company chooses the IEO method of coin offering for a variety of reasons, some of them being: investors feel more confident about IEOs, IEO projects are more likely to run smoothly, and investors who offer initial exchanges are more likely to Have a more user-friendly experience.

The process to participate in this IEO sale is also very easy. Visit coinsbit.io create an account there, then verify your email and sign in to the platform. Complete KYC, load crypto funds in your wallet, and then from the navigation bar navigate to Finance>IEO and Token sale launchpad from the navigation bar and then find Xcavator. Now on its IEO sale page enter the amount of XCA token you want to buy, choose cryptocurrency to make payment, and complete the payment process. The purchased amount of the XCA token will be added to your wallet. That’s it.

Xcavator is on its way to reshaping the industry of cryptocurrency mining. It will create a robust ecosystem that will be highly profitable to the miners. People looking for a reliable and profitable project to invest in can check the details and make an investment in the XCA IEO sale.
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Stats of Coinsbit are extraordinary. In 24hrs it has volume of around 1.5 billion USD, according to CMC (https://coinmarketcap.com/exchanges/coinsbit/) . I think its a good idea to have your IEO on such exchnage if you are not getting chance on binance. I don't know whether IEOs are hot topics these days or not, in 2018/19 IEOs were more in business.

I would say IEO is still somewhat safe for most of investors that are fearful to invest in crypto that has too much uncertainty. Havent heard about IEOs for such a long time, good to know that this method of getting funds from investors is still alive.

Just wanna know what is needed to mine your token? As you said your algorithm enable miners to efficiently mine the your token and can you share ROI like how much I have to invest in order to get a specific number of your native tokens.

Our token is not a mineable token. We will be mining the most profitable cryptocurrencies available in the market through our efficient tools. We will not be giving any ROI as such, the investors will be gaining through the increase in the price of our token because of our dual mechanism of increasing our mining capacity and buyback of our tokens from the market for burning.

Correct me if i am wrong. We invest in your coin and using that money you will mine different profitable coins and that will in turn increase price of your coin and benefit the investors. This is how it will work?

Are you following your timeline? As per your timeline it was expected that token will be listed on exchanges. Can you tell on which exchange the token is listed by now or where you are planning to list it. Exchange name is very important for success of any project. If its something like binance then coin is defiantly going to have huge success.   

Funds from the sale of tokens will be used to set up mining farms and we will mine the most profitable coins. Around 50% of the profits will be used to expand mining farms and 50 % will be used to buy back our tokens from the market and burn them. This dual process will increase our token price in long run and benefit the investors.

As per our timeline, we had to be listed by June 2022 and we are getting listed on the 7th of June 2022 on the coinsbit.io exchange. Tier 1 exchanges like Binance have very high listing fees and criteria. We will surely plan for tier 1 exchanges after a few months as our project progresses.

This is a great idea to mine profitable coins and this is somewhat similar to cloud mining concept. But in cloud mining the profit given to investors is too low. You need to have experienced miners in your team to implement this concept otherwise you will end up losing investors money. Do you think you team can setup mining rings that can mine coins profitably.

We have an experienced team in crypto mining and we are aware of the pros and cons of the mining. We will surely be mining profitably and because of our dual concept of mining farm expansion & purchasing of our tokens for burning, our tokens will surely rise in a long term.

What if you don't generate funds from initial sale of your tokens? Will you abandon the project or invest your own capital to start the project. This is very important question as many crypto project just went away if they don't able to generate required capital.

We do not have any soft cap as such. Even if we do not generate big funds from our initial sale, we will start our farms with whatever funds have been generated. As our project will progress, more and more people will see its potential and join our project. Our project will not be abandoned.

That is big thing which you are claiming to do. Till date I havent seen any project that is going on with its own money rather all focus on seed funding. Can you tell us how much money you will allocate to this project if you dont have adequate funds in the start to run this project?

We have plans to allocate 40k-50k USD to our project if we don't have adequate funds from our initial sale.

Wow this is a huge amount. If this is true that you will allocate such amount then this project is deemed to success. But the biggest question is how can we be assure that you will allocate such money to the project? I can be your potential client if I can see what u are saying is true.

Within this month we are coming up with our mining farms operations. Our members will surely see the allocated money to our project soon after that. We would be happy to see you onboard. 

All money you generate will go to mining top coins like btc, etheruem etc. In days when bitcoin mining is too expensive is it wise move to go for mining such coins ? Secondly what's the utility of your token. What can it be used for? IMO a token without utility won't be of much use.

People sell kidneys to follow the line. Everyone wants to stay in the loop. There is a plenty of wealthy bastards with maniac desire to buy everything available to their parsimonious paws, even the less desireable and pretty much abandoned cryptos. GME style explosive pumps are coming up. No one has a crave for utility, for functionality, for general purpose. Starting from this point, the narrative is only about speculation, how much money can be made in the shortest term with lesser effort. The mantle doom laid upon this space is about to be removed as markets arrived to the point of translation in to the bull trend the likes of which human beings have never in their entire existence seen nor could have imagined.

You have a deep message but the real catch is we have to be careful of where to invest and which one to avoid. Not everything that glitters is gold similarly not everything you see in crypto is worthy to be bought. The key thing missing is DYOR, everyone just wanna become rich overnight.

Have to give it to him/her/them its a pretty good logo design for a shitcoin

Mining is getting expensive and expensive day by day and if you have small investment then it's not profitable to invest in mining anymore. Its is best to invest in projects that do mining and give you some share, bht make sure the projects are legimate aka DYOR.

So, I agree, maybe only large-scale ones can still be like companies and even that must have the courage to hold coins for a very long time so that the profits can be seen.

Bitcoin mining after recent halving has further reduced the mining reward while the hash rate is increasing exponentially. You need to be super rich to get benefit from mining. These days Ethereum may be abit profitable rest is not affordable that's why I say better to go with some mining farm.

I have seen lot of projects, the irony is that those who are real offer very small incentives while those who offer too much profit are scam. That's why people fear to invest in such project. They have to work hard to create a good repute also and that must be one of there target.

i tried to access coinsbit.io but its giving me error that access is denied. Can you please check why coinsbit.io is giving this error. I can access this website using VPN but it should be accessible. Can you share what price your coin is trading on coinsbit.io? What are your plans to launch your coin on major exchnages?

I suggest better to register your project in some country also. This will help you in getting more people attention, since there is too much anonymity these days and people are not willing to invest in blind projects. Just my few satoshis.

I am looking forward to see how much profit you are providing on certain investment or ROI. Normally such miners provide very little profit to there investors as they have to cover electricity fee, mining devices cost etc. Thats why mining is profitable to new people in any ways. Still I would like to see what you are providing.

It will be more meaningful for the readers if you can elaborate that how your mining is profitable to investors? Do you offer convince in-terms of setting up mining rings or you just just mine and share profit with your investors. These are some questions that need to be answered.

Can you share info about what type of hardware you are using for mining big names like bitcoin and ethereum. Bitcoin really need expensive devices like Ant Miners or Asic devices. Right now there is no such info on your website about that. Really need to put that stuff on your website if you want people to jump in.

We are not providing direct returns to the investors. The investors will be gaining from the appreciation in the token price as our mining revenue will be used for expansion of the mining farms and for buyback & burning of our tokens which will gradually increase the price in the long run.

We do not offer to set up mining rigs, we set up mining farms and from the revenue, 50% is used for further expansion of mining farms and 50% will be used for buyback & burning of our own tokens which will gradually appreciate our token price and will be profitable to the investors.

As of now, we have started mining Ethereum with Graphics cards. The details and all the updates are being posted regularly in our telegram group https://t.me/xcatkn
Please feel free to join for all the updates.

OK I got your point and its understandable because mining itself is very expensive these days and you cant mine directly unless you are super rich guy. For that model you need two things, a strong exchange where your project is listed and price of coins should be going up for maximum ROI.

The crypto market is bigger than we think and there are more than twenty thousand cryptocurrencies in this market. Some are popular, some are starving and some are in the middle trying to rise every day. Bitcoin is the King of this world and all others (Altcoins) are trying to compete with it in one way or another.

In this world full of competition and filled with tokens, what is the place of XCA? Does its existence have any meaning? In this article, we will try to provide you with answers to both while explaining the XCA token.

Since we are explaining everything about the XCA token then it is also very obvious that we will describe all the unique factors of the XCA token. This means this article will also explain to you why you should invest in XCA tokens. So tighten your seat belt because this article will be a bit adventurous.

XCA Token
XCA is the symbol for the Xcavator Token. It is a BEP-20 token that operates on Binance Smart Chan (BSC). The total supply of XCA tokens is 51 Million, and currently, it is priced at $0.062024 or 0.00000309 BTC with a 24 Hour Trading Volume of $1,348.


XCA token (https://xcavator.co) is the backbone of the Xcavator project that is making headlines every day. In the project, the XCA token is not just a way to make transactions, it is more than that, but let’s talk about the project first.

What is Xcavator?
Xcavator is the creation of a team that has ample experience in professional crypto-mining and has been operating a worldwide network of miners since 2017. We have developed unique tools and algorithms to effectively mine cryptocurrencies in a power-efficient manner with high returns.

With our project, tools, and XCA token we are on a mission to educate and be part of a community of professional miners who make additional gains on domestic mining. Our tools will increase hashing power for such users and they can scale up their operations effectively by simply buying and holding the XCA tokens.

XCAVATOR aims to introduce people from different walks of life to the exciting and enchanting world of cryptocurrencies. It is the perfect solution for people who want to seriously earn more with cryptocurrency. Xcavator offers cryptocurrency mining that is sustainable, renewable, and environmentally friendly without any hassle.

Why is the XCA token unique?
There are three major points that make it unique.

Backed by real-world assets
There are many tokens that have no functionality or use. Also, they are not backed by any assets or revenue. Thus from a practical viewpoint, the actual utility of these tokens is zero as they are not backed by any real-world assets or revenue generation mechanism.

The Xcavator (XCA) token is backed by real-world assets i.e. mining farms that will generate real-world revenue through mining the most profitable cryptocurrencies.

Represents crypto mining hashing power
We are obsessed with crypto mining, and our mission is to help people earn profits through our tokens in small units that would otherwise be impossible. That’s why we have developed our own crypto utility token XCA token. It represents crypto mining hashing power and with it, we will provide crypto mining hashing power to people in small units that can also be scaled up to multiple units by buying XCA tokens.

in-built price appreciation mechanism
The revenue from the token sale will be used to buyback and burn our own tokens and to set up crypto mining farms and the income will be generated through mining some of the most profitable cryptocurrencies. Approximately 50% of the revenue will be used to buy our own tokens at current market prices and will be burned with proof of burn. The remaining 50% of the mining revenue will be used for the expansion of crypto mining farms which will generate additional mining hashing power resulting in increasing the profits. In this way, holders/ investors will make a steady profit in the long run through price increase of the XCA token.

Where to buy XCA Tokens?
Anyone interested in the XCA token can buy or trade it from:

Coinsbit.io (https://coinsbit.io/trade/XCA_USDT)

Live updates can also be observed on Coin Gecko. The process of buying XCA is as easy as counting numbers. You just have to create an account, complete KYC, load some funds, and buy XCA tokens.

XCA token is revolutionary and will make mining fun and profitable again, if you check its growth via charts then you will clearly observe that it is growing steadily. Check the official website for more details and decide yourself whether you should invest in XCA or not.

This is something exciting. I mean haven't seen anything like puzzle competition that will reward the winners. You must launch more and more such competitions, in start you may see few participation's but with time more people will join in and the project will get his moon shot very soon.

That's a good move, congrats for that. Your token has any price value at the moment or not and secondly which exchanges are in your list?

IMO time to invest in any coin is before it gets listed on any exchange.

Thanks, We are listed on coinsbit.io with XCA/USDT pair and on pancakeswap with XCA/BUSD pair. The current price is $0.086 per XCA. We will plan for another exchange listing in a few months, the announcement will be made as it is finalised.

Wow that's great if you are getting listed on different exchanges. Actually people these days show interest only if you are on some reputable exchange, its now a kind of norm these days in crypto world. 0.086$ is decent value and you must try to keep it close 1$.

Xcavator (XCA) | A Crypto Mining ⛏Utility Token |  Based On Binance Smart Chain BEP20 +⛓

Content:🗣

Xcavator international will be setting up crypto mining farms across the globe and generating hashing power to mine cryptocurrencies. The mined cryptocurrencies will be used to scale up our mining operations and buy back our tokens from the market for burning.

The XCA Token is now officially listed on CoinGECKO and CoinMarketCap:🎯

⚡️https://coinmarketcap.com/currencies/xcavator/
⚡️https://www.coingecko.com/en/coins/xcavator

XCAVATOR Token Listed on Top Exchanges📣📣

Now you can buy XCAVATOR Tokens on your Favorite Exchanges:

⚡️https://coinsbit.io/trade/XCA_USDT
⚡️https://pancakeswap.finance/

What Separates Xcavator From Other Crypto Mining Tokens?

👉 No Minting of new tokens (Capped forever)
👉 A superb Burn System (Automated & Manual)
👉 Universal Accessibility
👉 High Level Security Infrastructure
👉 Audited Contracts and a Fully Doxxed (KYC) Team

Our 🌐 Social Media Handles

✅https://t.me/xcatkn
✅https://twitter.com/XcavatorTweet
✅https://www.facebook.com/XcavatorInternational
✅https://www.instagram.com/xcavatorinternational/

I would say your stats on CMC are satisfactory. Except there are few exclamatory signs with market cap and market volume. In next phase you must try to remove these red exclamatory signs. You have volume of 2000$ which tells that something is happening in your project.   

As per my own experience mining is one of the best ways to make money faster. To be honest, mining is a process that requires a lot of resources to be able to earn your coins as a miner. Once you solve the mathematical problems, the crypto network rewards you with cryptocurrencies.

Mining is the method that has been popularized by the people who first came into the world of cryptocurrency. It is reliable and if the setup has enough power then it will be really fruitful in no time.

However, starting crypto mining is not easy it requires lots of funds, effort, and knowledge of government rules. However, if you are serious about making money with cryptocurrency then visit Xcavator (https://xcavator.co/) today. This project will help you to start mining efficiently without any hassle. On one side it is making mining hassle-free on another side it is making sure that token holders of its native (XCA) token remain always in profit.


XCA tokens represent the mining power on Xcavator so buy XCA tokens (https://coinsbit.io/trade/XCA_USDT) as much as you can and start mining.[/size]

Good to see you still active. Seems like you are getting good business from btcointalk.org.
just a quick question. As Eth jumped from PoS to PoW, what impact this jump has on your project? Have you added any other coin to your list in place of Eth?