Blockchain technology has been a revolutionary advancement in technology and remains the basis on which cryptocurrencies are created. Several economic sectors have started leveraging the use of blockchain technology in their operational functions; sectors like the energy sector, financial sector, even the gaming and sport industry.
Cryptocurrencies (digital currencies), which are created based on the blockchain technology have been in existence since 2009 when the first ever cryptocurrency "Bitcoin" was created. After Bitcoin, the creation of several other cryptocurrencies followed, steadily increasing the coinmarketcap.
As more cryptocurrencies are created, more opportunities for investments keep opening up and more investors keep joining the cryptocurrency space making cryptocurrency a revolution to the traditional financial system.
The rise of cryptocurrency led to the creation of Exchange platforms, which are platforms on which investors could invest and buy whatever amount of cryptocurrencies they desired and cryptocurrency traders could perform their daily trades; these exchange platforms also facilitate the liquefaction of cryptocurrencies.
Exchange platforms are really useful in the cryptocurrency space but they are limited by a number of problems.
When new traders and investors wish to register on an exchange platform, they are required to go through a series of processes to verify and activate their accounts; this involved a huge number of risks as these exchange platforms require users to complete a KYC (know your customer) verification and this verification entails users putting a lot of sensitive information which exposes them to cases of identity thefts and even fraud. Some verification processes even take ages to be completed; some could take as long as weeks and some could even go as long as several months. These verification processes actually discourage some newbies and cause them to remain on the sidelines and others that manage to get through the verification processes may not essentially possess the ability to understand and operate these exchange platforms and those also are forced to remain on the sidelines.
According to the whitepaper, investors and cryptocurrency traders that possess the ability to understand and operate exchange platforms end up not getting the user experiences they require when they realise they need to wait several hours and sometimes days for a transaction to be completed after paying ridiculously high transaction fees; investors and traders also experience a level of difficulty converting their cryptocurrencies to Fiats as level of liquidity is low on these exchange platforms.
The risks associated with cryptocurrencies have greatly contributed to the slow rate of absorption into the traditional financial system and as such cryptocurrency enthusiast in some regions run into a few problems trying to access exchange platforms; this is really common for people mostly in Asia and Africa. The team behind Xchangecoin(XCC) has taken all the problems plaguing the cryptocurrency space and has come up with the perfect solution which could be as well be a revolution to the cryptocurrency world.
Xchangecoin(XCC) would address the problems faced by people in regions where there are difficulties accessing exchange platforms by building several hubs at strategic locations within these regions where people can easily exchange their cryptocurrencies for fiat currencies. Customers are not restricted to just converting their cryptocurrencies to Fiat currencies at these hubs, Xchangecoin(XCC) enables them to also send cryptocurrencies to any wallet they choose to after converting their Fiat currencies to any cryptocurrency of their choice.
There are lots of exchange platforms and cryptocurrency owners cannot possibly register in all of them so when they are making use of one platform to convert their cryptocurrencies to Fiat currencies at a particular rate, the conversion rate might be substantially higher but they might not exactly be aware. According to the whitepaper, Xchangecoin(XCC) understand this and has created a software within their revenue model called 'Payment Integration 2.o'; whenever a customer shows interests in converting a cryptocurrency, the payment integration software of Xchangecoin(XCC) effectively links up with the exchange platforms that is offering the highest rate of exchange and the conversion is done. This reduces the loss incurred by cryptocurrency owners.
The Xchangecoin(XCC) Ecosystem.
According to the whitepaper, Xchangecoin(XCC) essentially enables the direct selling and conversion of various cryptocurrencies; this would no doubt help with the global adoption of cryptocurrencies and the blockchain technology as well as increase the marketcap as more investors and traders would be encouraged to join the cryptocurrency train and this invariably translates to more revenue creation.
XchangeCoin(XCC) Blockchain Setup.
Xchangecoin(XCC) Token Distribution.
85% of total supply would be allocated to the Xchangecoin(XCC) community, 10% to team and advisors and 5% to the bounty campaign.
Xchangecoin(XCC) Roadmap.
MARCH 2017
-Xchangecoin (XCC) project architecture begins.
APRIL 2017
-Market validation/research.
OCTOBER 2017
-Launch of XCC Beta reselling crypro platform 1.0.
DECEMBER 2017
-Company registration in Singapore, India, Kenya and South Africa.
FEBRUARY 2018
-Launch of XCC reselling crypto platform/payment integration 2.o.
MARCH 2018
-XCC first test market location.
AUGUST 2018
-XCC initial coin offering launch.
SEPTEMBER 2018
-XCC listed on major exchanges.
Q4 2018
-XCC mobile apps public release.
-Integration of XCC on Asian/African mobile payment systems.
-32 retail outlets in Asia/ 25 retail outlets in Africa.
Q1 2019
-XCC payment cash card introduced.
-Roadmap 2.0 released.
Xchangecoin(XCC) Development Team.
Useful Links:
Website: https://xchangecoin.co/
Whitepaper: https://xchangecoin.co/whitepaper.pdf
Telegram: https://t.me/joinchat/JWsyfBB0XVd0OXo_W0iB4A
Twitter: https://twitter.com/XchangeCoinICO
Facebook: https://www.facebook.com/XchangeCoinICO/
Writer's Bountyox username: kitan