So I want to address some of the topics on this page
First yes we have had some bugs in the frontend and are still actively working on it. The X-BANK is a long term project. Right now its in the MVP stage, once we get the bugs fixed it will start transitioning to the X-payment stage, the exchange stage etc. The backend took more priority and we felt that it was better to release it with some minor frontend bugs than wait more weeks. The SMS is not counted in this since we would have had to do an alpha stage on it to see that the SMS was a problem in the first week.
This approach will depend heavily on the project.
For the proof of stake we will not be releasing it until we believe its 100% bug free at that point we will have an alpha and beta test for the public to get even more bugs out (as well as a bug bounty for these) since there really are no minor bugs when dealing with the blockchain.
Inside our team we have multiple smaller teams working on different projects / issues. The other big one being X-CASH proof of stake, but others such as IOS wallet, X-payments, and other research into cards listed on the roadmap.
http://x-network.io/roadmap/We feel this is the better way to go, since we will deliver more tech wise than having the full team all working on one project. We can look at this like a job site. we have multiple groups building a restaurant (electricians, plumbers, painters etc) they are all working on what they do best, and are most efficient at.
As the team grows more projects will be worked on in parallel and what this does is creates a situation where everyone is working on what they do best, plus no one is blocked by someone else, because they will always have a project, section of a project, or some research to do, thus creating a "always work to be done" environment.
As a general rule of thumb it is always better to use a cold paper wallet with some trading / spending funds on a hot wallet (GUI or CLI)
this is the safest way to store crypto for any cryptocurrency. Online wallets / exchanges are more convenient / easier. It is up to the user to decide what storage plan they want to use for their crypto. Like someone pointed out on this page, The goal for X-BANK is for the airdrops, X-payments ,exchange part etc. We also provide off chain free transfers on the X-BANK from one account to another. Again its up to the user to find that storage plan that works for them the best.
As for the airdrop part
if you guys are on discord we announced today that
the airdrop has started
Minimum amount: 68,587.11 XCASH
as you can see this is much lower than the previous minimum amount
Minimum payment: 167,131 XCASH
(all of this data is from the announcements channel on our discord)
This makes sense since the market cap has gone up since the last airdrop and the awareness of the project has gone up as well. We still are having a team member go through the entire database for the few days before the airdrop to clean out fake accounts. We have a protocol in place since the first airdrop to detect this manually. Even with phone verification their were still many fake accounts. Obviously were not saying their all cleaned out, but we are still manually taking the time to clean out as many fake accounts as possible.
This was the whole point of the airdrop, to spread awareness, give the core supporters a chance to earn more while helping us spread awareness, and to give everyone a chance to get some X-CASH instead of like most coins you have to either buy some or mine some (both which cost money) to acquire the cryptocurrency. The logic is to create a more decentralized coin this way.
I hope everyone finds this helpful.
