XOV: creating a central bank for cryptocurrency markets

[hoanguyenn203]

Looking forward for this project it seem this project have  great potential.Good luck

[wiliamfc001]

I agree with people who say that there is no need of a central bank for cryptocurrency markets because people like it and invest in it as it is decentralized. Central bank gives ownership to a particular bank and it will increase documentation process.

[BountyX]

Centralizing cryptocurrencies is an oxymoron - they have been created exactly so that money stops being centralized. Such a project seems to go in the wrong direction of history.

It's a decentralized bank, not centralized. I do agree it seems like an oxymoron with what we're trying to communicate but we will be attempting to control the volatility of the currency, thus functioning like a central bank in that regard alone. I think people hear the word 'bank' and they freak out, but at the end of the day, people will still need a place to store their funds and provide financial services.

People will still need a place to store their funds provided that this place is trustless. I have already had my coins stolen in 4 different exchanges over the years, which at the time looked safe. But they were not trustless. That's the problem. Will your system be trustless?

[paramex]

I would like to say if the extraordinary Project to create a central bank infrastructure in block chain for cryptocurrency is all the best for this project.
And hope this will be one of the most successful projects

[asdkbz55555t]

Maybe I should change my mind on the XOV.
I have got some news from the Washiton Blockchain Conference.

[jedlhuber]

I do not know. In general, the idea to give the bank the opportunity to block its crypto currency in itself in a purse for a certain period and in return receive bonuses in the form of additional crypto currency, seems tempting. We do not transfer our coins from our wallets, just for a while we can not dispose of them. However, many questions remained unanswered. The first and main one is: any bank should make a profit. What profit and at what expense will this bank receive? The answer to this question I never found.

It is a great question and probably the biggest concern from the crypto community as a whole. The current banking system is tarnished and has lost trust from the masses. This will be a decentralized project, meaning your money stays with you. There are options being explored for 'lending' and other income-producing projects, but nothing confirmed, only ideas on a whiteboard right now. The amount of research going into this project will be unmatched to any other 'stable coin' out on the market right now. Full transparency and backed up with data and hard numbers, not hype.

[jedlhuber]

Maybe I should change my mind on the XOV.
I have got some news from the Washiton Blockchain Conference.

What news is this???

[jedlhuber]

Centralizing cryptocurrencies is an oxymoron - they have been created exactly so that money stops being centralized. Such a project seems to go in the wrong direction of history.

It's a decentralized bank, not centralized. I do agree it seems like an oxymoron with what we're trying to communicate but we will be attempting to control the volatility of the currency, thus functioning like a central bank in that regard alone. I think people hear the word 'bank' and they freak out, but at the end of the day, people will still need a place to store their funds and provide financial services.

People will still need a place to store their funds provided that this place is trustless. I have already had my coins stolen in 4 different exchanges over the years, which at the time looked safe. But they were not trustless. That's the problem. Will your system be trustless?

Our bank/project is currently being backed by leading economists from the London School of Economics, The Imperial College, and the University of Liechtenstein. The goal is to be the most TRUSTED place to store your funds through redundant protocols and legal paperwork upfront.

[jedlhuber]

This looks great. What discount are you offering for initial investors?
Stable prospective ICO, which I would recommend to everyone. Also, the guys have a group in which very quickly laid out the latest news about both their company and the general situation on the market. Do not miss the opportunity, join.

XOV is a pretty good project and I've watched it for quite some time. This project aims to create a centralized bank for the cryptocurrency market, which is a good idea as it will make the crypto market more transparent. I support this project.

Thanks!

[mimota162]

The idea of creating such a bank is certainly good. But I still do not understand what will be the material benefit of the existence of this bank, if people will allow the bank to block their digital coins in their wallet.

[hongocvy2809]

A good and interesting project. It will be very potential in the future. I support you!

[Maheshcrypto]

So, You're saying that we need to support a centralized crypto?
I think many investors in the cryptocurrency society will not agree with this because as we all know, We love bitcoin the way it is. (Decentralized) If a project try to centralize this, I think Bitcoin will not be the same bitcoin as we all l

[BountyX]

Centralizing cryptocurrencies is an oxymoron - they have been created exactly so that money stops being centralized. Such a project seems to go in the wrong direction of history.

It's a decentralized bank, not centralized. I do agree it seems like an oxymoron with what we're trying to communicate but we will be attempting to control the volatility of the currency, thus functioning like a central bank in that regard alone. I think people hear the word 'bank' and they freak out, but at the end of the day, people will still need a place to store their funds and provide financial services.

People will still need a place to store their funds provided that this place is trustless. I have already had my coins stolen in 4 different exchanges over the years, which at the time looked safe. But they were not trustless. That's the problem. Will your system be trustless?

Our bank/project is currently being backed by leading economists from the London School of Economics, The Imperial College, and the University of Liechtenstein. The goal is to be the most TRUSTED place to store your funds through redundant protocols and legal paperwork upfront.

Good luck with that, but I thought the whole cryptocurrency concept was born exactly as a reaction to the 2008 banking crises which had proved that even the more trusted institution s will eventually throw you in big shit. Thus the need of trustless mechanisms.

[altcoiner]

Good news and interesting to always follow and disseminate. The framework for positive thinking of crypto experts to create a common balance and sustainability between the public market and cryptocurenci. Go ahead and let's make it happen together

[alice.smith38]

This is just the beginning of the road, I want to wish good luck to this new project , the project came up with an interesting and necessary, technical documentation at a high level ,written in accessible language

[Sudhir519]

good initiative very demanding and highly authenticated idea.

[bbinhtrong216]

I think its going to be big big project you all are liars,see the cocept of project then decide.

[minhhuyenpham261]

If you do manage to create such a Bank, think about the world's giants who will knead it for themselves as long as they do not capture it or completely destroy it.

[TremorPB]

The difference between this product and xrp would be the stability in value of the token itself. Xrp has been a useful tool for banks but the price has been far from stable.

[jedlhuber]

The difference between this product and xrp would be the stability in value of the token itself. Xrp has been a useful tool for banks but the price has been far from stable.

We agree! One of the perks of having a full-scale research panel is being able to look around and see what projects currently have to offer, but also to be able to look into the future and see where they will fail. The research team meets tomorrow for further discussions.