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BILISEF
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December 01, 2018, 05:27:30 PM
Last edit: December 02, 2018, 01:13:40 AM by BILISEF
 #1

Dear colleagues.
Let us introduce Bitcoin and Litecoin Savings Exchange Foundation (https://Bilisef.org) and a new generation of reserve cryptocurrencies - XS coins (exchange savings coins). First of them is BitcoinXS - https://bitcoinxs.org


What XS coins are :
Every XS coin use peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of XS coins are carried out collectively by the network. XS coins are open-source; its design is public, nobody owns or controls it and everyone can take part. Through many of its unique properties, XS coins allow exciting uses that could not be covered by any previous payment system. XS coins are forks of popular coins, first of all Bitcoin and Litecoin created to maintain mining as a decentralized business.

XS coins as Bitcoin :
- Fast peer-to-peer transactions
- Worldwide payments
- Low processing fees


Summary features :

- The coins are backed by Bitcoin
- Adjustable minimum quotes threshold
- Stable coins, which price will only grow
- Can be mined by Asic old models
- Open source code that is being finalized by the community itself
- Part of the biliSEF ecosystem



XS coins features.

1) Provision of currencies with basic cryptocurrencies
The XS coins group currencies are secured by the Bitcoin Reserve Fund. The security is formed at the stage of initial placement of 30% of each of the coins, 75% of which is the Reserve Fund. Also, the reserves are replenished by the implementation of 10% of each of the coins obtained with premine.

2) Serve as a tool to stabilize profits and minimize losses
Coins act as a tool to minimize losses in case of unpredictable volatility of exchange rates on crypto exchanges. This function is implemented by reinvesting.

3) Adjustable minimum XS coins courses thresholds
Remaining decentralized currencies, the minimum thresholds of rates are regulated by the biliSEF fund at the expense of reserves, ensuring timely pamp and dump rates on the main crypto exchanges

4) Called to support and increase mining profitability.
This function is a consequence of the systematic creation of new XS coins and ensuring their cryptocurrency reserves. Thus, the profitability of mining stabilizes and slows down the process of obsolescence of mining equipment by stabilizing the complexity of XS coins networks

5) A wide range of applications XS coins crypto community
XS coins are the main means of payment within the biliSEF fund services, both for startups, ICO applicants, and community members in the framework of the provision of paid services and voting. Also, XS coins are a means of payment on the websites of partners of the fund.

6) Provide security to third-party ICO leased currency
XS coins are the main means of payment for ICOs on the fund platform, thus providing guarantees to investors and the circulation cycle within the framework of the ecosystem being created.



BitcoinXS.

WWW : https://bitcoinxs.org
About : https://bitcoinxs.org/about/
Algorithm : Scrypt (PoW)
Total offer : 100000000 BXS
Time for block : 120 sec
Block reward : 50 BXS
Wallet : https://bitcoinxs.org/downloads/
Block Explorer : https://www.blockexperts.com/bxs
Current stage of ICO : Presale (15.11.2018 - 21.12.2018)

ICO summary :
BXS ICO offer : 30,000,000 BXS
Maximum coin offer : 100,000,000 BXS
% of tokens – Token sale : 30%
% of tokens – Bounty : 10 — 0.714%
% of tokens – Discount : 32-0%
% of tokens – Reserve fund : 10%
Accepted currency : BTC, ETH
ICO stages : 5



Whitepaper ENG : https://bitcoinxs.org/wp-content/uploads/2018/11/XS-coins-Whitepaper.pdf

Whitepaper multi lang: https://bitcoinxs.org/whitepaper-multi-language/




About.

Core issues.

At the moment there is a huge number of projects using blockchain technology that improve the daily lives of users, developing the infrastructure of using both existing coins and platforms, and the infrastructure of virtual life in general. The BitcoinXS and LitecoinXS projects, together with the BILISEF (Bitcoin & Litecoin Savings Exchange Foundation) fund, pose only one task for mplementation, namely, to create a tool to manage losses and preserve investors’ income, both small and large, in the cryptocurrency space. Create prerequisites of transparency and confidence in actions without fatal consequences on the cryptocurrency market, both for beginners and professionals.

The main problem of the cryptocurrency industry is the growing unprofitability of mining as a result of the growing complexity of mining and crisis situations in the cryptocurrency market, and as a result – obsolescence of equipment. No matter how great the enthusiasm of investors, over time, every miner thinks about the balance of investments in equipment, payback and real income at a particular point in time.With the increasing complexity of mining of a particular coin, the only solution to the problem of reducing income is scaling the mining business, but not every investor in mining equipment is ready to expand its farm so that personal capacity matches the complexity of mining at the moment. The consequence is the outflow of investments, which negatively affects the overall image of the cryptocurrency industry and undermines trust in both business and values, which promoted and instilled Bitcoin as a new institution designed to make the financial sector more decentralized.

The second side was throwing, as the year 2018 showed, this is the instability of the cryptocurrency rates, as a result of negative events and news. In 2017, the project team lost about $ 2 million, due to fluctuations in the price of the Etherium currency, and the matter was not even in some rash decisions or actions, but in the fact that there were no tools for safe trading, just as there is no sandbox in the face of growing tensions in the markets. Initially, there was a fear of losses, and later this fear was confirmed. The story is not new and familiar to absolutely every investor, regardless of the volume of investments and the country of citizenship, whether it is an average person with an investment of $ 100 or an investor with vast experience and an investment of $ 20 million.

The beginning of solving these problems was the creation of projects BitcoinXS, LitecoinXS and the BILISEF Foundation (Bitcoin & Litecoin Savings Exchange Foundation).
Summarizing, the current goals of these projects are:
1. Control of losses and saving of income of investors
2. Ensuring the viability of mining as a decentralized business for different segments of the population
3. Formation of an institution for regulating investor risks on a share basis


XS coins Solutions.


Taking into account the fact that the reward for the extracted block of basic coins has already significantly decreased and the complexity of mining has increased tenfold, in a short time, mining of such coins as Bitcoin, Litecoin, Etherium will not benefit miners without creating farms on an industrial scale regardless of the rates of these coins, therefore, the offer of each large coin will be controlled by the smallest percentage of participants in mining, contrary to the Bitcoin mission and the cryptocurrency as a whole, as a decentralized means of payment, accumulation and savings of funds and discredited It finds consensus POW. The resultant consequence is the loss of smaller investors, and then larger ones, according to the Matthew effect.

Further strengthening the positions of the POW consensus is the main priority of actions of the crypto community to support the decentralization of the ecosystem, and an integral part of it is the development and maintenance of mining, not only as investments, but also in business. Achievement of these goals is carried out by means of creating forks of coins on popular algorithms and providing a guarantee of their viability in the market for using different types of equipment, including those that are already outdated for the extraction of popular coins at the moment. Thus, the creation of forks creates a favorable investment climate for different types of investors, thereby creating guarantees for even small investments and positively influences the ecosystem as a whole.

BitcoinXS and LitecoinXS are forks of bitcoin Bitcoin and Litecoin coins, Scrypt and SHA256 hashing algorithms, respectively.


What's the difference ?

The end of XS in the names of the coins means that these coins are savings exchange coins (XS coins), the creation of which belongs exclusively to the team of the BILISEF (Bitcoin & Litecoin Savings Exchange Foundation) team, https://bilisef.org. BXS and LXS will be the first coins from the XS coins list, provided by Bitcoins and Litecoins, respectively, received during the initial placement of these coins (ICO) and regulated by the BILISEF (Bitcoin & Litecoin Savings Exchange Foundation) foundation.

In the context of crisis self-management of investors’ assets, the currencies of the XS coins group, namely BitcoinXS and LitecoinXS, are indispensable tools in the market under conditions of unpredictable volatility of the main cryptocurrency rates.

XS Currencies coins group are designed to minimize the risks of investors in an unstable situation on the market for quotes of the rest of cryptocurrencies. This goal is achieved by reinvesting, in this case, Bitcoins and Litecoins, into stable currencies that are not subject to general downward trends, due to negative economic or political news, including fake ones. Thus, coins acquire collateral. Each of the stages of the primary placement of BXS and LXS tokens is designed to increase the level of currency support and thus increase the planned guaranteed minimum quotation thresholds with each new ICO stage.
The process of regulating the primary issue of tokens and the initial placement of currencies of the XS coins group is carried out by the BILISEF (Bitcoin & Litecoin Savings Exchange Foundation) fund. The hard cap BitcoinXS ICO is 15,000 BTC, the total Hard cap of the following ICO coins of the BILISEF XS coins group (Bitcoin & Litecoin Savings Exchange Foundation) is 400,000 BTC.

When these indicators are achieved, the amount of reserves for securing currencies will be approximately 1% of the total capitalization of the entire cryptocurrency market.

Summarizing the provisions described above, currency tokens of the XS coins group are tools that stabilize the profitability of mining and trading operations with third-party cryptocurrencies, as well as minimize the risks in a situation with unpredictable market volatility of third-party cryptocurrencies quotes. The BILISEF (Bitcoin & Litecoin Savings Exchange Foundation) is the guarantor of the performance of these tools.


Roadmap : https://bitcoinxs.org/about/
Twitter : https://twitter.com/MihaelRaver
Whitepaper Bilisef : https://bilisef.org/wp-content/uploads/2018/11/Bilisef-Whitepaper.pdf



Now that the official part is over, we can tell everything in simple words :
Bilisef team consists of investors and miners, but miners in the first place, as the main business is mining. We are simply tired of what is happening with cryptocurrencies. The main problem of the industry is the lack of explicit support from regulators and large businesses. The last year we have seen a complete hypocrisy in the industry, a huge number of large companies vying denounce cryptocurrencies in insolvency as an institution, but at the same time quite calmly play on the exchanges themselves and through traders, open huge objects for mining, thereby receiving a huge profit in the shadows.

No one wants to take the market seriously to bring the cryptocurrency industry to the level of an alternative payment system. Bilisef will do it.

The basis of this ecosystem Bilisef XS coins, coins obtained by means of the forks and secured cryptocurrency, collected at the stages ICO.
This year's news was a very good phrase: the crypto-Currency market can take off in 10 minutes by several hundred billion, but the payment system can not be done in 10 minutes. Yes, this is true and the main mistake of cryptocurrency startups is that everyone wants to make a similar payment system based on one coin and switch the main share of payments to it. But it is simply impossible to implement how many users-so many opinions, so this strategy is doomed to failure. XS coins imply a completely different approach. We have divided all possible payments according to one criterion : the amount of the transaction. Each threshold value of the amounts corresponds to its own currency from the group XS coins, but taking into account the fact that all the coins from the group are provided with the main cryptocurrencies, the totality of all groups XS coins is a single payment system. 28.11.2018 we started to develop the software part of the payment system.
You can describe for a long time all the advantages of both XS coins and Bilisef Fund, but it will be a repetition of the whitepaper project. We all are adults and have lived through the age when you just want to make money, each of us is looking far ahead and the main priority of the project is steady growth of income of all members of the community and infrastructure of cryptocurrency, so I wrote a whitepaper all of the participants, reflecting in the text what each wants from the project.

BitcoinXS Whitepaper : https://bitcoinxs.org/wp-content/uploads/2018/11/XS-coins-Whitepaper.pdf
Bilisef Whitepaper : https://bilisef.org/wp-content/uploads/2018/11/Bilisef-Whitepaper.pdf

Thank you for attention.
Mihael Raver, Bilisef Co-Founder.
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Vlone
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December 01, 2018, 06:01:02 PM
 #2

Another Bitcoin? Why are there a lot of them? What is unique of this Bitcoin?
1pool.pw
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December 01, 2018, 06:05:32 PM
 #3

POOL
BILISEF
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December 01, 2018, 06:23:36 PM
 #4

Another Bitcoin? Why are there a lot of them? What is unique of this Bitcoin?

Because all XS coins are forks of basic cryptocurrencies. All XS coins are backed by BTC, LTC, ETH etc. it's about the name.
All XS coins are reserve coins and they have real cost. 75% of ICO fees create a coin reserve fund, thus related to the actual cost.
And the main Plus - all XS coins are can be mined by all versions ASICs also by outdated equipment.
sorins
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December 01, 2018, 06:36:51 PM
 #5


20:27:27

getblocktemplate


20:27:27

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20:27:33

getwork


20:27:33

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20:27:36

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20:27:36

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20:27:47

generate 1


20:27:47

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20:27:53

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20:27:53

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are you joking?
no github so how we can mine it or it is just for buying?
BILISEF
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December 01, 2018, 06:46:14 PM
 #6

POOL

Official mining pool will be available at the end of ICO. Officially at the end of march 2019, but if ICO will end early than planned, it will be available next day.
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December 01, 2018, 06:53:00 PM
 #7

Another Bitcoin? Why are there a lot of them? What is unique of this Bitcoin?

Another Bitcoin? no

is Another SHITCOIN Grin
BILISEF
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December 01, 2018, 07:22:11 PM
 #8


20:27:27

getblocktemplate


20:27:27

This function is disabled. (code -1)


20:27:33

getwork


20:27:33

This function is disabled. (code -1)


20:27:36

getmininginfo


20:27:36

This function is disabled. (code -1)


20:27:47

generate 1


20:27:47

Method not found (code -32601)


20:27:53

setgenerate true 12


20:27:53

This function is disabled. (code -1)


are you joking?
no github so how we can mine it or it is just for buying?

It's not a joke. Antil ICO end available wallets can't mine. Without any reserve funds all coins are soap bubbles, so at the end of ICO BXS will have a real cost (75% of ICO fees) and everyone can mine it without any doubts that this coin has or not real value . At the end of Feb BXS will be available at crypto exchanges.
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December 01, 2018, 07:46:00 PM
 #9

Another Bitcoin? Why are there a lot of them? What is unique of this Bitcoin?

Another Bitcoin? no

is Another SHITCOIN Grin

We can call it Abracadabracoin or something else, but it is POW coin, so you contradict yourself (https://bitcointalk.org/index.php?topic=1343456.msg13698749#msg13698749)? Read whitepaper please BXS (https://bitcoinxs.org/wp-content/uploads/2018/11/XS-coins-Whitepaper.pdf), Bilisef (https://bilisef.org/wp-content/uploads/2018/11/Bilisef-Whitepaper.pdf). We are against POS, it is real SCAM.
Any XS coin can't compete with Bitcoin apriory, because any XS coin is backed by Bitcoin. Any XS coin is just a payment tool that has a real cost in Bitcoins.
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December 01, 2018, 07:59:05 PM
 #10

pool?
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December 01, 2018, 08:31:00 PM
 #11

exchange Huh pool Huh

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December 01, 2018, 08:59:07 PM
 #12

pool?

Mining pool will be available after the end of ICO. At the end of Feb BXS will be available at crypto exchanges.
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December 01, 2018, 09:01:34 PM
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Sourse  Huh Huh Huh

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December 01, 2018, 09:10:12 PM
 #14

Sourse  Huh Huh Huh

It will be available after the end of ICO, because a lot of people will start mine it before Reserve Fund building if it be shown, so the actual cost of coin will transform to nominal and it will be another soap bubble. No one can undo inflation.
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December 01, 2018, 10:04:26 PM
 #15

Another draft copy of the original. Guys you first show who is behind the development and what experience have. And most importantly, correct the errors in the text above. You have some big errors everywhere in the topic that show that you dont even check your work.

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December 02, 2018, 04:59:20 PM
 #16

Another Bitcoin? Why are there a lot of them? What is unique of this Bitcoin?

Because all XS coins are forks of basic cryptocurrencies. All XS coins are backed by BTC, LTC, ETH etc. it's about the name.
All XS coins are reserve coins and they have real cost. 75% of ICO fees create a coin reserve fund, thus related to the actual cost.
And the main Plus - all XS coins are can be mined by all versions ASICs also by outdated equipment.
I do not quite understand how this will be implemented.
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December 02, 2018, 08:19:27 PM
 #17

Another Bitcoin? Why are there a lot of them? What is unique of this Bitcoin?

Because all XS coins are forks of basic cryptocurrencies. All XS coins are backed by BTC, LTC, ETH etc. it's about the name.
All XS coins are reserve coins and they have real cost. 75% of ICO fees create a coin reserve fund, thus related to the actual cost.
And the main Plus - all XS coins are can be mined by all versions ASICs also by outdated equipment.
I do not quite understand how this will be implemented.

It's quite simple. 75% of money that project get during ICO go to Reserve fund of BXS. So these money are the "gold reserve" of BXS. ex. : coin supply is 1 000 000, they sold at 2.18$ each coin, so total sum that we get - 2180000$, 75% is 1635000$, so actual price each coin will start at exchanges - 1.635$/1 BXS. This reserve will be used to stable prices at exchanges during trading, so all investors will not depend on BTC/ETH prices, these coins are safe and we will not see the same situation like with Bitcoin this year. All XS coins are the payment resources at Bilisef platform for startups and ICOs. Every membership have some price in XS coins, every research at platform have some price in XS coins, so every startup owner will buy or mine XS coins to get this membership. Membeship price for startups will grow every month (some %), so the XS coins price will grow also. 28.11 we started developing EPayment system for XS coins and we suppose it will be very interesting for all crypto community members, because Bitcoin, Litecoin, ETH and other basic cryptocurrencies we see as money storage only, XS coins as payment instruments.
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December 02, 2018, 08:35:30 PM
 #18

Another Bitcoin? Why are there a lot of them? What is unique of this Bitcoin?

Because all XS coins are forks of basic cryptocurrencies. All XS coins are backed by BTC, LTC, ETH etc. it's about the name.
All XS coins are reserve coins and they have real cost. 75% of ICO fees create a coin reserve fund, thus related to the actual cost.
And the main Plus - all XS coins are can be mined by all versions ASICs also by outdated equipment.
I do not quite understand how this will be implemented.

Basic task of Bilisef as a regulator in the XS coins section is a real price increase, not nominal. First step is ICO. When community members will see reserve fund of coins and know that the coins they have are have a real price, they will have confidence in the stability and projected growth in the value of their investments / savings. Under such conditions, work on the Bilisef platform will be responsible without thinking that savings are devalued and you need to earn money somewhere fast, regardless of the quality of work. Within the framework of the Bilisef platform project, it is planned to create quite a few useful services for the community, but for their implementation, we must enter self payment unit (XS coins) first and self payment system subsequently.
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December 02, 2018, 08:43:35 PM
 #19

Sell 400 coins (BXS) per 1 coin 0.5$ PM

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December 02, 2018, 09:00:53 PM
 #20

Sell 400 coins (BXS) per 1 coin 0.5$ PM

Are you serious? 400BXS price will be 1264$ minimum at the end of Feb 2019 and it does't depend of BTC price if it will be same as now. Within the ranks of the Bilisef payment system, BXS ranks first, being more a payment tool for large market participants and transactions from 10,000 in USD equivalent next year. BXS price increase will be quite agressive during 2019 as planned. The main objective for BXS by mid-2020 is to increase the value of the asset to participate in transactions from 70,000 USD equivalent.
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