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Author Topic: [ANN][ICO] XRONOS ---> WAY TO REAL STABLECOIN <----  (Read 2095 times)
xronos stable coin
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XRONOS – The Way to the Real Stablecoin


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September 08, 2017, 09:03:46 AM
 #1

XRONOS

Current situation of the market of crypto-investments

Most people want to invest not in hundreds of different cryptocurrencies and ICOs, but in a more complex technology - Blockchain. The question is simple, do people believe in this technology or not? For those who believe - XRONOS provides a perfect option for expedient investment. XRONOS is backed by ~ 95% dynamic portfolio of foremost crypto assets, which means that XRONOS ensuring reflects the movement of the entire crypto-market. From this point of view, XRONOS is a set of capitalizations of all the coins that make up the backing portfolio. But this is how it just begins…

About XRONOS in a nutshell

XRONOS — is an absolutely new stable cryptocurrency backed by dynamic portfolio of crypto-assets and supported by markets of application. The cost of one coin is attached to the average man-hour expressed in SDR.

Specification

Hashing / encryption algorithms: AES, DES, RSA, Blowfish, SHA-160, SHA-256, SHA-512
Block Time: Immediately
Consensus: Own algorithm. The development uses the principles and technologies underlying the well-known algorithms and protocols: CryptoNight, Zero-knowledge proof and Proof-of-Stake.
Protocol: Custom format. The protocol is based on a "ring signature" (similar to the CryptoNote protocol).
Fork: Xronos is not a fork, it's 100% new code
Multi-Signature: Yes
Opensource: It is planned to be opened after a number of external audits, and after reaching the last stage of stabilization
Official ticker: XPO
The target price of XPO: GAW (currently $21.53 or 15.215 SDR)
Starting XPO price: 1/10 GAW


Primary goal

The goal of XRONOS is to create the first truly stable cryptocurrency.

Secondary goal

Creation of a user environment which allows the most efficient allocation of economic and other useful resources through the use of Smart Human Relations contracts, the fulfillment of which is guaranteed via geolocation arbitrage.

Mission

Short:
Our mission is to create a truly decentralized, stable, massively applied crypto payment instrument that will accelerate the process of fiat money transformation into cryptocurrency and help move from an outdated banking system to a new stage of the world economy evolution.
Mission in details

Video explainers

Xronos Stable Cryptocurrency / Technology & Targets
XRONOS Presale Information
XRONOS Idea Explanation
Globula - Game Teasers

Emission mechanism

Minting - emission is based on the sale of XPO by an emission robot on a decentralized exchanges at a fixed price.

Nodes owners rewarding

Masternodes are required to have 1000 XPO collateral, a dedicated IP address, and be able to run 24 hours a day. Masternodes get paid from network TX-fees, in which it participates.
The appearance of new nodes occurs dynamically when the network reaches a certain number of transactions for a certain period. TX-fee for each transaction is constant and equals 0.001 XPO.

Key advantages

- Unique stack of reliable technologies. 100% new code
- Off-Chain transactions - disconnection of the recipient-sender chain due to the bonds functioning
- Unique combination of PoW and PoS technologies, so as CryptoNight and Zero-knowledge proof algorithms
- Instant transactions - at the moment 96 TPS with a load of 2000 threads, but this is clearly not the limit.
- Network elasticity, expandability and scalability
- XRSS - system of rate stabilization based on adaptation of collective decisions by ring signature and ZKP
- Self-optimizing blockchain
- The technology enabling reformation of labor markets and world legal system
- Simplicity of use and integration
- The mechanism of virtual (or game) objects tokenization.
- GLOBULA – innovative tool for demand stimulation


What is GLOBULA - extremely short description

GLOBULA is a geolocation game of a new genre, we call it MGMOGRCE (Massively Geolocation Multiplayer Online Game with Real Crypto Economy).

XRONOS is the only currency applied in the GLOBULA world. The game itself creates a monopoly market for the circulation of cryptocurrency: a large number of different items and resources. In addition, the game has a geolocation quests constructor, which allows you to create a variety of user-generated content.

This constructor is actually the progenitor and the test lab of a more complex system of interhuman interactions based on the eventive language SHRL, which is the basis of the future Work.space product.

We believe that the most effective way of integration of certain innovative technologies is to implement them into a global game. Therefore, Globula is not just a side product of Xronos, but it is one of the key tools for full-fledged application of Xronos into everyday life.

You can read more details in our Whitebook. The information solely about the game is available at www.globula.space.

ICO and Presale

Presale XRONOS: 1 000 000 XPO have been offered at the rate $2.15/XPO. Presale took place from September 21 to October 21, 2017.
ICO XRONOS: 9 000 000 XPO - The price for ХPО is to be established in accordance with the formula BUY ORDERS WALL*20%, but not lower than $3.50 for XPO.
ICO will take place from November 21 to December 21, 2017
Presale Globula: 2 000 000 XPO - The price for ХPО is to be established in accordance with the formula BUY ORDERS WALL*20%, but not lower than $10.77 for XPO.
Presale Globula will take place in spring 2018.
ICO Globula: 9,000,000 XPO - The price for ХPО is to be established in accordance with the formula BUY ORDERS WALL*20%, but not lower than $16.15 for XPO.
ICO Globula will take place in summer 2018.
Stage ICO Globula will be held only under the condition of close cooperation with the largest game publisher, which is currently already found, but its name will be announced later.

Further minting will be available at the rate of GAW + 1% (at the moment it is $21.74)

Currently accepted currencies: BTC

Download

Android Wallet
iOS Wallet will be released this week

Documentation

WhitePapper - simplified version of the project description
WhiteBook - a complete but slightly outdated description of the entire amount of projects that Xronos supports
Xronos API
Public API
PHP Wrapper
Xronos mobile wallet user manual
Xronos web wallet user manual
Also all legal documentation is available at our website.


Exchanges and trade
OpenLedger DEX: XPO/BTC, XPO/USD, XPO/BTS
Bitshares DEX:  XPO/BTC, XPO/USD, XPO/BTS
We are open and in the process of considering other decentralized exchanges.

Featured links

https://stats.xronos.space/ - Current status and statistics of the Xronos Real-time stabilization system (XRSS)
http://ico.xronos.space/ - Everything about ICO
http://www.xronos.space/main/?do=calc -  history of the XRSS algorithm operation

Similar projects or projects of a similar nature, of which we have been well-aware for a long time

Zcash, ChronoBank, MakerDAO, Tether, NuBits – to avoid unnecessary comments on the topic of "this has been already existing"
If you are aware of such projects, please, share the information with us, we will be very grateful.

You can communicate with the CEO

Telegram: @mikhail_palekha
Facebook: https://www.facebook.com/michail.metatronovic
Phone: +42 0776 058 254
Personally: At the head office in Teplice, Na Letné 835/9, Czech Republic

║▌║│║▌│║▐│XRONOS.SPACE​▐║▌║│║▌║▐│​▌
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Machine Learning & AI - Trustless Ledger System


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September 08, 2017, 09:06:19 AM
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Hello! If you use cryptocurrencies regularly, you probably already know the most common problems, which newbies so as the experienced users encounter.

It all begins with incomprehension of the economic fundamentals of the cryptocurerrency, high threshold of occurrence and “financial bubble” reputation. Then it is fortified with mass-media mass hysteria and jolt at the markets after each statement politicians declare and regular mighty news. To understand the sources you should scratch beneath the surface.

Problem #1: Instability and Volatility
Crypto-markets today are always about speculation. Most of the deals are purchase and sale of the currency itself. It’s almost impossible to build a business in such exchange conditions. High volatility of the exchange rate makes cryptocurrency really inconvenient for mutual settlements. It’s not an easy job to value goods and services in the asset, whose rate fluctuates in tens of percent during a day.



Additionally, being attached to the politics and news, cryptocurrency fluctuation can easily worsen: its rate can collapse or rise within several minutes.

Problem #2: Preservation of the Capital
At first glance, there are plenty of financial instruments for accumulation and provision of the capital: shares, banks, own business, foreign currency, crypto, even real estate and metal. But all of them are under influence of different kind of risks.



It is really difficult to choose between options. Each one of them has many peculiar aspects which should be examined. But there is not enough time and energy for this. Some of the instruments are connected to the legal, linguistic and geolocational difficulties. There is almost no such thing as transparency or guarantee on the market.

Problem #3: Cryptocurrencies Are Hard To Understand
Crypto-market is fenced off simple users. Threshold of occurrence is similar to the one to the high mathematics. You need to know a lot about the coins and be able to count the risks. Furthermore, cryptocurrency itself is full of contradictions and problems.



Transfer fees are high in price, there are problems with security of the ‘cloud’ wallets and centralized exchanges, the transaction in available coins is confirmed really slowly. One of the reasons of blockchain creation was reduction of the transaction fees. As a consequence, there is more than 800 different cryptocurrencies. But the situation hasn’t improved much.

Problem #4: No Crypto-Gates To The Real World
This is the worst part. A huge financial bubble - that’s what cryptocurrency looks like from the side. Its growth is maintained solely speculatively. And all of the new products aimed on the exchange development are concentrated on its internal problems and needs.



There is simply no way to the real world for the cryptocurrency. There is neither real economy binding nor such project which will make this binding. There is not even a single stable coin. The exchange itself becomes even more complicated thus forming even more questions about its work mechanics. This is how the negative image of the financial pyramid is formed, heated by media and “Facebook analysts”.

How can we solve this problems?
We don’t suggest to you to rate our idea or to believe in its realization. Everything was already made and now is ready for the start. XRONOS Aggregator is three projects (Wallet, Blockchain and XRSS) working together on complex solution to listed problems. Our Wallet is simple and secure. Self-optimizing Blockchain and network device realize, at least, 100 transactions in a second on available energy and scales linearly following the demand growth. Finally, XRSS will provide long-awaited currency capitalization and will become currency increase driver.
The system needs users expanse for effective operation. And the users can be only attracted if playing by the rules of speculative exchange. This is why we have created 4 unique stabilization stages: 2 Presales and 2 ICO’s with a rate gradually rising in price. At these stages we not only let people to literally touch and try our technologies with their own hands, but we also let the users make money on it. More than that, these are the first Presale and ICO in history with transparent conditions and refund guarantee. You trust and XRONOS system pay for your trust. If you don’t like #testdriveXRSS, just take your money back. You loved it, then gather your income.



Our work total is the creation of the first truly stable cryptocurrency which will lead cryptomarket to the real sector of economy.
In the nearest future you will be able to read all of the formal, legal and official documents. We’ll tell about system functioning and give the detailed information about the conducted Presale. We would be glad to answer all of the questions!

Sincerely,
Your XRONOS Aggregator Team.


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September 08, 2017, 09:34:46 AM
 #3

How you solve the problem of transfer as you stated above in OP. Can you provide the solution or it mean price of this token will stay flat at a level because if price will increase than transfer will also go higher for example when bitcoin was around $230 than fee were around $0.03 now network fee is so high because of high price of bitcoin.

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September 14, 2017, 11:15:29 PM
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Very interesting concept, dev do you know the time frame for when the wallets will be completed for download? also what are the price ranges for investing in XRONOS? And do you plan to list them on any exchanges?

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XRONOS – The Way to the Real Stablecoin


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September 19, 2017, 12:42:28 AM
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How will XRSS work and how will it back the rate stability?

XRSS — XRONOS real-time stabilization system — is a complicated technology, lying in the base of XRONOS aggregator, making it unique. XRSS is the one responsible for XPO exchange rate control and transferring the funds into / out of the system. Operation options are not pulled out of the hat, but, of course, logically constructed.

Let’s mentally teleport to the nearest future, when Presale and ICO are over, and XRONOS becomes a Stable Coin. How the system works in field conditions? Where the exchange rate comes from? How it is controlled by the system? First things first.

The price of 1 XPO is attached to GAW value and it is denominated in SDR. What these abbreviations stand for? GAW is a worldwide average index, expressing the cost of a working hour on the planet. Its calculation is based on the open data, officially provided by OECD member countries. These countries take the data from revenue services and other institutions doing statistics.

SDR is the index used by IMF for internal calculations between member states of the fund. It consists of five largest and strongest currencies in proportion to their volume in the global economy. It is like a powerful cryptocurrency basket, which is so heavy, that it stays stable, especially comparing it to the prices storm at the currency exchanges.

That means that the price of 1 XPO is bound to two average indexes of global economy, which are stable and secure enough to rely on. Backing and liquidity are the only things that left to sort out.

How to hold the exchange rate in leash?
Firstly, the correct price of the coin must be calculated. All the computations on the planned XPO price are conducted by so called XBA, analytical xronobot. It is also responsible for other tools’ operations, which are two other xronobots (XBE and XBG), and for strategy of “digital gold and currency reserve”, meaning cryptocurrency basket. To make it happen, the bot gathers the statistics on cryptocurrency and market conditions, information about GAW and SDR, analyzes the data and acts basing on the results. It constructs a plan for rates of purchase and emission of XPO during next 24 hours.

XBE - emitting xronobot
Since XRONOS doesn’t use mining as new tokens resource, new coins emission is conducted only through its purchase at the market. Income is directed to the guarantee xronobot.
The intensity of emission depends directly on its demand. Tons of crypto needed ASAP? Then xronobot emits coins at the price of GAW +1%. Supply at the market is much higher than demand? Then emission won’t be conducted at all, users buy out all of the other users’ coins, who needed conversion into crypt or fiat money.

XBG - guaranteeing xronobot
XBG is a distributor of “digital central bank”, which manages the gathers cryptoassets. Approximately 40% stay in the cold storage, others are used at the exchanges as the cryptocurrency basket. It also conducts demission of the funds, or in simple terms, its conversion into fiat money. If the XPO supply is higher than the demand, the coins are bought out by the bot at the price of GAW-1%. It takes money for withdrawal from selling the gathers goods.

Cryptocurrency basket
In fact, this is a diversified storage for cryptoassets. Based on the data of the bot-analyst, XBG purchases a package of "crypts" in accordance to the market situation: preference is given to the most actively traded and stable coins. Their total capitalization equals 90-98% of the cryptocurrency market.
The information about current state of the cryptocurrency basket managed by xronobots is open and available on the official website. It’s updated once a day.

Common logic
In sum, XRSS works with a pretty trivial logic. Someone needs new coins - he just buys them on the exchange from other users or from chronobot. The rate is calculated by the bot-analyst and is controlled by two systems: emission and demission. The first sells coins at a price higher than the planned one, the second one is buying them at a price below the target. So users can only have a narrow 2% corridor of exchange rate fluctuations. If the price is out of it, it is more profitable to use xronobots.

Withdrawal guarantee
The funds withdrawal is fully guaranteed by the accumulated crypto-assets. The fact is that XPO is bought in the crypto, and the price equals the rate of fiat money for a certain day. In the long term, the "crypt" will only rise in price, so 0.01 BTC invested once will increase its dollar / euro value. As a result, for the return of funds from the system it will be necessary to spend less "bitcoins" or other crypto currencies, so that all XPO can be safely bought and sold: this will practically affect neither the exchange rate of the cryptocurrency nor the stability of the market.

Balance of forces
In the end, we have a simple and harmonious picture. Analytical bot calculates the standard price of one XPO coin and the composition of the cryptocurrency basket. Emitting bot sells new coins at the price that is 1% higher than the standard, and it also transfers income into cryptocurrency basket. Guarantee bot buys up unnecessary coins for 1% cheaper than the standard, meaning, it provides a guaranteed fast and safe withdrawal of funds. Speculators have no chance.

Today
It is the right time to come back from elegant theories to harsh reality. Crypto-market is very speculative, and it is really hard to bring attention to the currency, which won’t rise in price. That is the exact reason why we conduct 4 steps of stabilization (2 Presales and 2 ICOs), during which the rate will be gradually rising up from 1/10 of the price to the planned number.

It is an instrument for gaining popularity for us. For you it is, firstly, a test-drive of the system with transparent risks and, secondly, an opportunity to gain some funds on your trust towards the project.


║▌║│║▌│║▐│XRONOS.SPACE​▐║▌║│║▌║▐│​▌
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XRONOS – The Way to the Real Stablecoin


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September 22, 2017, 07:42:40 PM
 #6

The time has come! XRONOS, the first aggregator of cryptocurrency, is 100% ready to work. XRSS is on alert. The website is launched. Technical documents are designed and imposed. We can begin. Presale of XPO coins will last till 21 October, 2017.

Elevator pitch
To someone who missed our previous posts, XRONOS is the first aggregator of cryptocurrency and blockchain-technologies. The main goal of the project is to create so-called Stable Coin: cryptocurrency which is stable in relation to fiat money. Consider it something like “Bretton Woods” system in digital performance, but instead of tangible and finite gold, other cryptocurrencies and their increasing capitalization are used as its backing.

What’s inside?
The system consists of three products (own blockchain, Wallet app and XRSS program). Together they form XRONOS cryptocurrency, stable to fiat money. Each of the products has its own unique features. All of these features make the project a breakthrough.
Blockchain XRONOS operates on the highest speed, it is self-optimizing and linearly scalable.
XRSS - XRONOS Real-time Stabilization System - works by transparent rules, its operation is based on fully open sources, which allows everyone to predict ts behavior and to stay confident in the system’s reliability. You can learn more about it, following this link.
XRONOS Wallet differs from classical crypto-wallets, because of its lightness and the fact that the user does not need much space on his device, and open API allows to expand its functionality in a snap.
All of the three products are fully completed and ready to be tested by the first users, who will take part in the Presale of the new cryptocurrency from 21 September to 21 October, 2017.  

Planned results and global goals?
As we’ve already said, the closest and tangible goal is to create Stable Coin, which is cryptocurrency not attached to any fiat currency, but stable to them.

Globally, we want to create such a crypto circulating medium, which will enable cryptocurrency to enter the real sector of economy, to push outdated banking system and to ‘let the genie out of the bottle’ - to start a process of forming p2p-economy. To make it happen, our crypto must be truly decentralized, stable and, what is more important, mass-applied. This is what we aim for.

4 Stages of exchange rate stabilization
For active growth of user database at the beginning and its further development, XRONOS has a planned period of speculative growth, divided into 4 parts. Each one of the stages is connected with the sale of extra XPO coins and guaranteed rise in price of the coins at the next stage. This way the functionality of the system can be gradually updated, tested and expanded without any security risks, while the capitalization of the new cryptocurrency will be increasing by degrees.

The uniqueness of the project Presales and ICOs is in allocation of the funds: just 20% of the gathered funds at each stage will be spent on development of the cryptocurrency and its services, while the remaining 80% will guarantee the financial capacity of the coin. This will back its liquidity, refund guarantee and lower the risks for the first users of the system.

Period of exchange rate growth is divided into 4 so-called “Stabilization stages”:
Presale XPO, $2.15 per coin will last from 21 september to 21 october 2017;
ICO XPO, $3.50 per coin will last from 21 november to 21 december 2017;
Presale Globula, $10.75 per coin will held in march of 2018;
ICO Globula, $16.15 per coin will held in june of 2018.

What’s next?
After the emission of 21 million coins, XPO transforms into stable rate. Its arithmetically predicted cost equals $21.53 for 1 XPO, but in August 2018 it may be slightly corrected, as XRONOS is based on GAW and SDR indexes. Once the target values are reached (emission> 21,000,000 coins and a stable XPO rate), the percentages of the emission earnings distribution will change: 98% will go to the cryptocurrency basket, and only 2% will be spent in the Vertex Capital Management LTD favour, so the work on XRONOS and its motivating services can be continued.

How to take part?
The starting point of the work with XRONOS is Bitcoin-wallet with some funds charged to it. Via your wallet you will be able to buy XPO coins. To work with the system you will need a personal account, which you can create here or using your mobile app. And your further actions are simple: enter official website and buy yourself a piece of your bright future. Smiley

Next week we will start doing detailed reviews of each element of the system, and by the Presale mid-point you will understand the way the project is organized just as good as we are. Have a good weekend!

WHITEPAPER | WHITEBOOK | PRESENTATION

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September 26, 2017, 04:44:55 AM
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Hi!

I downloaded your android app and tried to log in with my Xronos account but i says the accountname/password is wrong. Since i tried changing the pass and then logging in again, with no success. I am confused, how do I solve this?
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September 29, 2017, 03:59:49 PM
 #8

Hi!

I downloaded your android app and tried to log in with my Xronos account but i says the accountname/password is wrong. Since i tried changing the pass and then logging in again, with no success. I am confused, how do I solve this?

Hi Axxcap,
Did you have the same problem in the web version of the wallet? If not - try to reinstall the app or clear data and cache of Xronos wallet (app settings in android settings menu). In most cases it helps.

​▐║▌║│║▌│║▐│XRONOS.SPACE​▐║▌║│║▌║▐│​▌
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September 29, 2017, 04:31:29 PM
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Very interesting concept, dev do you know the time frame for when the wallets will be completed for download? also what are the price ranges for investing in XRONOS? And do you plan to list them on any exchanges?
The Android wallet is ready for downloading for about a year. Also, we have almost finished developing a wallet for iOS - in the next few weeks it will be available for download.

Also what are the price ranges for investing in XRONOS?
The price ranges is fixed on presale - $2,15/XPO (21.9-21.10) and $3,50 on ICO (21.11-21.12.17) 
In the remaining two phases, the sale price will depend on a number of certain factors.
In the final phase, the price will be forever fixed at the level of GAW index ($21.53 for this moment).

And do you plan to list them on any exchanges?
First of all, we prefer to integrate Xronos to decentralized exchanges. The first exchange on which the pair XPO / BTC will be traded is OpenLedger DEx.

​▐║▌║│║▌│║▐│XRONOS.SPACE​▐║▌║│║▌║▐│​▌
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September 29, 2017, 04:49:39 PM
 #10

How you solve the problem of transfer as you stated above in OP. Can you provide the solution or it mean price of this token will stay flat at a level because if price will increase than transfer will also go higher for example when bitcoin was around $230 than fee were around $0.03 now network fee is so high because of high price of bitcoin.
The transfer price will always be 0.001 XPO and in relation to the USD will increase only in the phases of stabilization. When the XPO price will be fixed at the level of the GAW index (~$21.53) - the transfer will cost no more than $ 0.02153 and will not change significantly in future.

​▐║▌║│║▌│║▐│XRONOS.SPACE​▐║▌║│║▌║▐│​▌
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September 30, 2017, 11:31:21 PM
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Dev any news yet?
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October 02, 2017, 08:43:04 PM
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Dev any news yet?
presale here https://www.xronos.space/

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October 02, 2017, 08:50:25 PM
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Hello devs. This project have any bounty programm? And where i can participate in bounty?

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October 03, 2017, 12:06:00 PM
 #14

Hello devs. This project have any bounty programm? And where i can participate in bounty?
We offering a referral program right now. The system pays 2% in XPO from the purchases of your attracted users. Here it is necessary to know that now XPO presale price is $2.15 and during the next year it will grow to the level of $21.53 (4 steps of stabilization), where it will be fixed definitively. In fact, we can say that in the end you will receive ~20% of funds invested by your referrals.
You can read everything about the program and participate in user backoffice. Here you can create an account: https://www.xronos.space/main/?do=registration

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October 03, 2017, 12:16:03 PM
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Think of global economic integration at the same time, I think need a helper of cryptocurrency, but encryption monetary instability is a big problem, so now want to do is how to let more people to understand and accept the encryption cryptocurrency, so that the encryption cryptocurrency is more stable.

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October 03, 2017, 12:55:12 PM
 #16

this is a very good idea, it will be a project that can stabilize the market price, I'm very impressed with the concept you have, even though your mission is not easy, hope you can do it, I also hope the team can be relied upon,  good luck

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October 04, 2017, 04:47:32 PM
 #17

Think of global economic integration at the same time, I think need a helper of cryptocurrency, but encryption monetary instability is a big problem, so now want to do is how to let more people to understand and accept the encryption cryptocurrency, so that the encryption cryptocurrency is more stable.
We want to attract a critical mass of users with the help of the geolocation MMORPG game "Globula". In which for trading of ingame  items between gamers Xronos is applied. In fact, this is one of the markets for consuming Xronos.
Here you can see several teasers: https://www.youtube.com/channel/UCfyWcfjZP7_kPSIE8Az1Xuw/videos
You can read more about it in our Whitebook.

​▐║▌║│║▌│║▐│XRONOS.SPACE​▐║▌║│║▌║▐│​▌
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October 04, 2017, 05:04:24 PM
 #18

this is a very good idea, it will be a project that can stabilize the market price, I'm very impressed with the concept you have, even though your mission is not easy, hope you can do it, I also hope the team can be relied upon,  good luck
Thanks for the kind words, it's good to hear. The team three years ago consisted of two people, now we are more than 20 people and every day we are stronger and stronger. A lot of pain - a lot of gain Smiley

​▐║▌║│║▌│║▐│XRONOS.SPACE​▐║▌║│║▌║▐│​▌
Gorbachov
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October 09, 2017, 08:48:10 AM
 #19

if you do not collect the right amount, what are your actions?

choojoy
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October 09, 2017, 06:56:23 PM
 #20

In the opinion of the Digital Rating Agency team, XRONOS is a perfect example of a project that combines a wide range of fraud signs in it.

According to the official website, "XRONOS is an aggregator of cryptocurrency and blockchain-technologies. XRONOS target is to create the first truly stable cryptocurrency." We identified several alarm signs, on the basis of which we reached conclusions on the low investment attractiveness of the project:

1. Guaranteed profitability. The promise of profitability above the bank deposit is a serious reason to think about the sources of this income. The multiple profit guarantee is a clear sign of fraudulent projects.

2. Questionable social networks profiles. The vast majority of participants' accounts are closed and don't contain a mention of the project.

3. A language mix for making the project meaningful. Part of the text, including Terms & Conditions, isn't translated into Russian, while the main website content is translated, and the team itself obviously has Russian roots and attracts funding among the Russian-speaking audience.

4. The team hasn't been in contact to answer our questions.

5. Complex words and constructions, whereas all the same can be described much easier and more clearly, can be a sign of deliberate complication of the perception, which is not very good for investors.

6. A small number of subscribers in social networks.

7. Considerable discrepancies in the text on the website and the laid out documents. For example, on the website's Terms & Conditions we couldn't find the promised guaranteed profitability, moreover, there is a complete disclaimer of liability.

Among the advantages, there are stylish pictures on Facebook, the presence of Edgar Otchenshenko in the team, whose Facebook page is more like the living one, and the fascinating White Paper.

The DigRate team highlighted this project because of advertising in Yandex.Direct, which, in our opinion, is aimed at the least informed users. The Digital Rating Agency recommends thinking carefully before investing in such assets and assessing all the risks. ICO with signs of fraud, buying advertising placements, will always cause the DigRate team increased interest. We will sensitize the public to projects that pursue the goal of enrichment by inexperienced investors. In our opinion, the listed facts are sufficient to assign ratings without a more detailed express report. According to the collective opinion of Digital Rating Agency, the investment attractiveness rating of the XRONOS is "C" - low investment attractiveness, high default risk in the short term. Fraud Rate Scam.

This evaluation expresses the view of Digital Rating Agency and is not a fact-finding or recommendation to buy, hold or sell those or other assets, make investment decisions. We do not blame anyone for fraudulent actions, but we express our opinion about high risks. Digital Rating Agency assumes no responsibility for any consequences, interpretations, conclusions, recommendations or other actions directly or indirectly related to the evaluation performed by DigRate?s rating actions, as well as the observations and conclusions contained in the rating report and press releases, or absence of all of the above. The only source that reflects the current state of assessments is the official website www.digrate.com.
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