[ANN] X-CASH | Open-source | Public, private tx | DPOS based CN coin

[AlanMilano]

The concept of X-Cash is easy to understand, but I think it will be difficult to accept anonymous users from financial institutions.
100 billion supply is quite large but the distribution is quite transparent, which is good, hope inflation will not be high.
Waiting for more updates.

[plbgnt]

hye did you have any translation of Italian because of difficulty of langue i cant understand whitepaper

Hi, thank you for reaching out. We plan on having multi language support in the near future. Everything will be translated so language barrier will not be an issue.

[guilhemch]

The concept of X-Cash is easy to understand, but I think it will be difficult to accept anonymous users from financial institutions.
100 billion supply is quite large but the distribution is quite transparent, which is good, hope inflation will not be high.
Waiting for more updates.

Couldn't agree more with you. That's why one of the key thing we are working on is giving up a bit on privacy to ensure KYC policies are satisfied. But in the end, people want to have privacy as well and that's not necessarily linked to shaddy business. That's the hard equation we are trying to solve...

[EumaT]

whats that all file on above saction and why saccaning of that is necessarily is there need me to upload that?

[plbgnt]

whats that all file on above saction and why saccaning of that is necessarily is there need me to upload that?

Hello Euma, what are you referring to ? Please send me a PM with your issue and I'll look into it

[dkbit98]

*reserved croatian translation

100 Billion is huge total supply for coin

and airdrops is the only way X-Cash will have any value.

Who can guarantee us that developer funds are locked like you say ?

[Xsinx]

Newbie Guide to X-CASH Airdrop Registration

Don't get lost on the process, Read my newbie guide for airdrop registration.
READ NOW

[guilhemch]

*reserved croatian translation

100 Billion is huge total supply for coin

and airdrops is the only way X-Cash will have any value.

Who can guarantee us that developer funds are locked like you say?

Hi! This is an excellent question, as mentioned before, we will provide quarterly external audits with a breakdown of the segregated accounts.

[rocketrunner442]

Do you have more information about the exchange on the roadmap? Are you shooting for larger exchanges first or smaller ones like Tradeorge and altex.  Although I like those exchanges, it seems like for new, lower volume coins, it prevents coins from getting traction due to people constantly selling off whatever is the most profitable to mine.

[Namyri]

Good project, good development, good devs and good community ,i love NEO !

[phatvo93]

The Project looks good but why the total coin supply is very huge? 100 billion?.....

[Xsinx]

The Project looks good but why the total coin supply is very huge? 100 billion?.....

Almost the same with other CryptoNight Coins with billion supply. but don't confuse yourself with numbers,.

You can read their Website and the allocation of the supply and you will understand further.

[guilhemch]

The Project looks good but why the total coin supply is very huge? 100 billion?.....

Hi! The goal is to keep the face value relatively low similarly to Ripple, Stellar or Cardano. This will facilitate micropayments and easiness of reading.

[fitraok09]

hei dev... when airdrop will be distributed? 

[quynhcoi]

It seems of this business will be better in the near future. Very nice project, seamless results, cerebral approach!  Good luck!

[sockpuppet1911]

Are you planning on making it nicehash resistant at some point? Or is that something you don't care about.

[guilhemch]

hei dev... when airdrop will be distributed? 

First airdrop registration starts on August 21st. Distribution early September.

[guilhemch]

Are you planning on making it nicehash resistant at some point? Or is that something you don't care about.

Hi, this is something we have been and are discussing. There are pros and cons, so the answer is not straightforward. For now, I believe it's a positive thing as it enables access to a wide pool of HR liquidity; the best example is that our network HR is already at 700kH/s with very limited communication. But everything could change when the coin gets listed.

[Konos]

So this is a Monero Fork with 40% Premine. Wow

Hi! Thank you for raising this point.

I can only confirm that 40% of the supply has been mined, however I think you are a bit cutting a long story short. Most of the funds will be given back to the community through the Airdrops as we mentioned. Of the remaining, we have a defined and strict policy on how the funds will be used to support the project.

If you look in detail you will notice that the team's stake in the project is actually far below than what the industry standard is, considering also that the release of the funds is conditional on our results by being linked to the market cap. Finally, it is important to remind that these funds are subject to quarterly external audits.

Thank you again for being challenging on this as transparency is a key element in this business..

Guilhem

Who's doing the external audits and who's locking the funds away? At the moment the 40% are in your control. In order to have them released conditionally, there would need to be a system in place.

[guilhemch]

So this is a Monero Fork with 40% Premine. Wow

Hi! Thank you for raising this point.

I can only confirm that 40% of the supply has been mined, however I think you are a bit cutting a long story short. Most of the funds will be given back to the community through the Airdrops as we mentioned. Of the remaining, we have a defined and strict policy on how the funds will be used to support the project.

If you look in detail you will notice that the team's stake in the project is actually far below than what the industry standard is, considering also that the release of the funds is conditional on our results by being linked to the market cap. Finally, it is important to remind that these funds are subject to quarterly external audits.

Thank you again for being challenging on this as transparency is a key element in this business..

Guilhem

Who's doing the external audits and who's locking the funds away? At the moment the 40% are in your control. In order to have them released conditionally, there would need to be a system in place.

We will identify two auditors who will independently confirm the funds are in the accounts every quarter.

At the moment the funds are in my control only and stored in cold wallets in two separated vaults in two banks. When the CFO joins us he will also be granted access to the funds. We are still thinking about adding a third party control into all that where all three agreements would be needed to release the funds.

We are trying to do this the right way, and any suggestions are more than welcome.
Guilhem