XRIBA | Accountability & Transparency in Cryptocurrency & Traditional Business

Blockchain based Xriba is a financial transactions recording platform which works in an open universal protocol. It has made three different applications for the same purpose including one for smartphones and two for bookkeeping. Taking transparency as company’s first preference, Xriba can be considered as first ever place to register accounts on blockchain. CEO and Founder Gianluca Massini Rosati who has been seen in a role of author, entrepreneur and business man owns 20 companies and manages a staff of more than 150 people. CEO and team are enriched with such capabilities and company shows every sign to grow with such influence in hands. The platform chose ETH network for trade as for some reasons, Ethereum is considered to have one of the largest communities and detailed smart contracts.

Although Xriba plays role to help crypto-world to decrease differences from traditional world but it does not startup based on traditional model. Backed by one of top five Italian accountancy firms Soluzione Tasse, company’s establishment has been joined with another business with an 8 figure turnover. Its business model helps big companies to save uptown 70% of their accounting cost and time. Two of its bookkeeping softwares include Mastrobook and XribaPay. For making Cryptocurrency a better experience, Xriba has been working on different concepts which include smart wallets. Controlling fund release with the help of milestone-based fund release system helps company to achieve its goals with more enthusiasm as this model allows to add funds only if milestones are achieved. 

Taking cost and efficiency in consideration, ICO makes it possible for different businesses to accept Cryptocurrencies as means of payment. It also provides a wallet in which balance can be maintained. It makes the experience of making a transaction as comfortable as of traditional currency. As far as transparency is concerned, ICOs do not show the detailed information about processes going on. It only displays roadmap which is not enough for its users to trust the platform. 

With the introduction of Token Checker dashboard, it will be possible for users to track each and everything they would like to know except company’s derive information. Xriba increases accountability of the ICO which increases fund raising opportunities with real investors instead of public pre sale or friends and family.

Xriba’s token (XRA) is a path via which most of the company’s services and features can be unlocked. ICO only considers the users with XRA tokens in hand as members of the platform. 6 months of lock up is done to the tokens spent on the website which are further allocated to company’s expenditures. With total supply of 275,500,000 tokens, each token is priced @$0.30 each. Out of total supply, 109,500,000 tokens are added to circulation supply. Pre sale and private sale cover 40% of the shares in total supply.

 In June this year, Mastrobook opening charts would be available to all users and by the end of this year, token will be listed in exchanges adjoining the release of eWallets. Launch of mobile app and full banking license for the ICO are ventures extended till next year. With such user friendly interface and efforts of increasing comfort, Xriba can hit all its milestones in no time. A unique concept created always puts some impact on the market. Merging traditional with digital currency can make a huge difference in the current development.

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