XOV: creating a central bank for cryptocurrency markets

[TrumpD]

I am really finding it hard to understand how this project is going to "stabilize" and ensure that crypto-currencies don't "wash away over night", given that there are clearly coins out there which solely engage in pump & dumps.

[premmak]

Central Bank on Crypto Market ? Why ? Arent there enough out in the wild . But Still people wanna do something different than others . So you are taking your chances to get aside from crowd ! Lets see how you perform.

[din_putr]

XOV has arrived on bitcointalk.
https://www.xovercoin.com

Please support the XOV project. XOV is creating a crypto-central banking infrastructure to stabilise the crypto markets. We have support from Emin Gun Sirer.

There will be a seed funding round.

We will contribute more later.

XOV Project Team

Who is Emin Gun Sirer Dev ?

[alextoncen]

good project

[masterslk1]

Well, although I agree with some on the forum that centralisation of the decentralised crypto landscape is not really something to look forward to.
On the other hand, it is inevitable that central banks and governemnts will keep chasing everything that is out of there control.
Anytime they see something they can not understand, grab or tax, will be scrutinized.
So if XOV can break the cycle in a way to get central banks or governments on board, it could actually make an improvement.
They are also planning there own currency, with high coin supply, although that is inflationary, it might make it a more ¨acceptable¨ exchange medium for anyone afraid of crypto right now.
I am looking forward to what XOV is planning and will be following! Again, I do not like all of it, but it does make some sense in the bigger picture. i.m.o.

[daddyoso]

Seems interesting yet questionable. The idea of centralization is in a way untrustworthy. I'm trying it though

[Arians_P]

it's bank of crypto ? i like this project, i can spend my coins here and get %

[bisa coy]

waah,. ,,.
I think this is very interesting information and this I think will make further progress on the crypto currency if this is already done I think this makes the whole world want and legalize the crypto currency.

[Waloo27]

 I like this project and the team behind it. XOV is a safe place to keep your cryptocurrency 

[bealjulian]

The feasibility of controlling the price of digital currency will be proved from our research. Being able to stabilise digital currency, something that has never been done before and a purpose that Bitcoin was never designed to have. It will mean that for once, merchants can finally accept cryptocurrency as stable form of payment. That cryptocurrencies has high vilatility because the marketcap is too small so that these manipulators can easily manipulate these coins.

[Nomad99]

Looking very impressive so far and hope this profitable .

[joy82]

Don't miss guide this great ICO future project, I think this will be change global currency structure.
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[MTmoo]

Looks like a very interesting project. i am interested in XOV

[alextrinh88]

stabilise the crypto markets ,a good idea ,good luck

[LimJingr]

Interesting project although I'm a little worried over its centralised structure

[xov]

There is a lot of talk about 'centralised' and 'bank' etc. Everyone gets scared when these words are used. People who buy into the blockchain are usually anti-bank and anti-centralisation. We do not disagree with you. What people fail to understand with XOV is that we are not your traditional bank. Firstly, the XOV Bank will create its own decentralised currency. This currency will operate like every other cryptocurrency in the market except it's stability will be controlled. This means that when you hold 1,000 XOV and it's value is $100 for an example, the next day it's not going to be worth $50 or $10 when you wake up. A lot of people who support the blockchain are fed up of the extreme volatility. Yes, we all want a currency that's not controlled by Governments and Banks, but we also want it to hold its value and to be safe. XOV acts like a Bank in that we will provide an infrastructure where you can hold your crypto-assets that will keep it safe and hold its value overnight. We will also allow people to invest it in return for fixed interest. The coins will still be in your control, but you will place them in a stable blockchain infrastructure. All the XOV centralisation will be around how to manage this stable infrastructure using a combination of AI and human intelligence.

[j.cryptohunt]

Looks great sofar. Keep the pace.

[akshithali]

It is a good idea , how ever cryptocurrency is decentralized , but to protect cryptocurrency , i think we need a central bank for cryptocurrency, otherwise cryptocurrency will fall. But again this is going to be a fiat bank. therefore we need a decentralized central bank for cryptocurreny

[ramandha]

There is a lot of talk about 'centralised' and 'bank' etc. Everyone gets scared when these words are used. People who buy into the blockchain are usually anti-bank and anti-centralisation. We do not disagree with you. What people fail to understand with XOV is that we are not your traditional bank. Firstly, the XOV Bank will create its own decentralised currency. This currency will operate like every other cryptocurrency in the market except it's stability will be controlled. This means that when you hold 1,000 XOV and it's value is $100 for an example, the next day it's not going to be worth $50 or $10 when you wake up. A lot of people who support the blockchain are fed up of the extreme volatility. Yes, we all want a currency that's not controlled by Governments and Banks, but we also want it to hold its value and to be safe. XOV acts like a Bank in that we will provide an infrastructure where you can hold your crypto-assets that will keep it safe and hold its value overnight. We will also allow people to invest it in return for fixed interest. The coins will still be in your control, but you will place them in a stable blockchain infrastructure. All the XOV centralisation will be around how to manage this stable infrastructure using a combination of AI and human intelligence.

very cool , lets see how far this project going
Good Luck

[mastaprof44]

This is great but I do not seem to get it all clear. Why decentralizing what you refer to as "Central bank"? Is that not completely contradicting?