The XX Platform (XXP token)

Maret 26, 2021

The XX Platform (XXP token)

XX Platform – investment trading platform

Cryptocurrency.Trading.Investments.

XX Platform is a system that combines a multifunctional cabinet with investment elements and a trading service with a set of analytical tools and an asset management program. This is an attempt to rethink the concept of classic hedge funds, implementing it in the form of an automated investment trading platform.

XX Platform is designed for investors who want to find a compromise between reliable placement and high return on investment. Our goal is to create a platform that will be able to minimize risks while maintaining investment attractiveness. The XXP team has established itself ambitious plans to create an independent investment platform that will become a reliable guide for investors in the world of finance.

Why cryptocurrency is a good investment? Let's know about!

Bitcoin's rules are permanent

Although, new coins are formed and added to circulating supply regularly, bitcoin will never cross over its 21 million coin supply cap. That is a permanent rule that is alos public. Everyone can check that rule, and no one can change it. Bitcoin is transparent

Bitcoin has two things that no other currency in the world has: Decentralization and Transparency.

Bitcoin's transparency is in direct conflict with the federal reserve. Not only do we have no transparency into past transactions in the fiat currency system -- i.e., where our taxpayer dollars go -- but we don't even know how much money is being printed.

Bitcoin is and will be scarce

One of the main reasons bitcoin has risen in value so dramatically is its scarcity.

There will only ever be 21 million bitcoins. That is fact, and it cannot be changed. If all the bitcoin supply in existence were to be distributed evenly across the people of the earth, then would only be 0.0023 BTC for each person.

Transferring BTC incurs low fees

International payments can be time consuming and surprisingly expensive. Fees can range from 3.5% to above 10% -- and take days to crocess.

Bitcoin offers much lower fees

Launching any fintech startup requires resources: time and money. We understand that the independent development of the XX Platform will take many years till its release. That is why our team decided to raise funds from private investors. In order not to contradict with our concept of decentralization and libertarianism, we turned down proposals from large investment funds in favor of attracting funds from private investors.

The team has decided to issue their own cryptocurrency – XX Platform token (stock ticker: XXP).

The formation system of the XXP token pricing policy is based on its use within the XX Platform as a native token. It is the XXP token that allows to create proper microeconomics inside the platform and ensure the ease and convenience of interaction for all system users.

The main objective of the XXP token is the functioning of a virtual accounting unit (equivalent to records in accounting books) to ensure the accounting of funds placed by investors in trust with traders. Moreover, the XXP token provides its holders with the opportunity to receive a reward for helping to finance the platform development in the form of a staking interest rate.

The approximate ROI (return on investment) in the XXP token can be found in the table:

In the future, the XXP token will also be used for investments in partnership funds and various investment products of the XX Platform ecosystem.

Holders of the XXP token will receive priority for investment, as well as special conditions and discounts, which will make investments with the XXP token more profitable, thereby providing it with natural liquidity.

To structure and regulate the attracted investment funds, as well as for the sake of fair and transparent distribution of remuneration from the platform, the XX Delegate system of delegated stake distribution has been implemented in XX Platform. The XX Delegate system consists of Delegates and Stakeholders. This is an effective and democratic mechanism representing a voting system in which small and medium token holders (stakeholders) transfer their “vote” to the elected Delegates. The process of placing user tokens in the Delegate’s staking pool is conventionally called a vote transfer.

A delegate is a user who has fulfilled the necessary conditions and registered a Delegate’s account in the system. Any user who feels a leadership potential and has the time, desire and experience to develop the XX Platform community can become a delegate. In order to create a Delegate account, it is necessary to buy and “freeze” XXP tokens in the amount of 10,000 units and go through a special registration procedure. Freezing of XXP tokens is carried out through the special form in the user personal account.

When registering a Delegate, the system offers 2 Contract options:

Type 1

Commission size – from 1% to 10%

Contract duration – 6 months

Automatic renewal – active

Deposit defrost – 25% every 6 months

Participation in conferences, meetups – yes

Participation in voting – no

Type 2

Commission size – from 1% to 10%

Contract duration – 12 months

Automatic renewal – active

Deposit defrost – 33% every 12 months

Participation in conferences, meetups – yes

Participation in voting – yes

In terms of the economic model efficiency, the XXP token implements the HALVING mechanism, which the developers have put into the XX Platform cryptocurrency at the software level. The essence of halving lies in the following: starting from the 4th month after the launch of the network, a gradual decrease in the percentage of reward (staking) is activated, which will constitute -50% of the initial indicators by the end of the year. Further, over the next 2 years, the percentage of remuneration (staking) will continue to decrease gradually and steadily and, as a result, will decrease by -50% every year. Starting from the 4th year, halving will be automatically deactivated, until the moment when the emission of cryptocurrency will be completed with the production of 50 million tokens.

In contrast to the above HALVING mechanism, the developers, at the software level, have implemented a deflationary algorithm in the system, called HELIX. HELIX will be automatically activated by the system in Q1 of 2022, and its activity will be aimed at compensating for the decrease in profitability of XXP token staking. This mechanism is an additional investment tool that will appear in the interface of the user personal account. HELIX got its name because of the coefficient increasing in an upward spiral. Thus, after the HELIX algorithm activation, XXP token staking will continue to be liquid and profitable for XX Platform investors.

Q4 2020

Marketing activities in social media and on crypto forums
ERC-20 smart contract publication on Ethereum Network
Start of the XXP token presale
Alpha version of the investment platform
XX Delegate system activation

Q1 2021

Official website presentation
Final stage of the XXP token presale
Bounty campaign
1st stage of the trading platform development
Launch of the investment platform beta version
Release of the mobile application for Android
Listing on the crypto exchange
Participation in TOKEN2049 — The Premier Crypto
Event ln Asia

Q2 2021

2rd stage of the trading platform development
lnvestment platform update
Start of linear token sales
Appearance on Coingecko
Launch of analytical service
Participation in Blockchain Life 2021 Forum
Start of token sales on the platform
Marketing campaign targeting the Asian region
Listing on the crypto exchange
Appearance on Coinmarketcap

Q3 2021

3rd stage of the trading platform development
Participation in Singapore Blockchain Week 2021 (VC)
Website update
Release of the mobile application for iOS
Marketing campaign targeting Latin America and Spanish-speaking users
Participation in Malta Blockchain summit 2021 (BraziI)

Q4 2021

4th stage of the trading platform development
lnvestment platform update
Marketing campaign targeting the North American market
Participation in Blockchain Expo — North America 2020 (VC)
Listing on the crypto exchange
Participation in Hackathon Human DeFi Haeck (VC)
Generation of the Roadmap for 2022

Q1 2022

5th stage of the trading platform development
Deflationary mechanism activation

The founder’s statement

Trading and investments are trending today. Thousands of stocks of various companies are represented on hundreds of markets… it is difficult to process such a volume of information even for professionals, and it is almost impossible for beginning traders or investors. Moreover, such activities take a lot of time and effort, and the results often leave much to be desired…

Therefore, we decided to create a platform that will allow you to succeed not wasting your time on reading economic and business reports. Surely you have neither the time nor the desire for this, and much “iron nerves”.

It is better to spend this time with your family, while the professionals from XX Platform will do everything on your behalf