X8Currency ICO January 4th to 22nd 2018 - FinTech News Network
In FinTech news this week X8 Project is having an ICO from January 4th to the 22nd 2018.
X8Currency is an Ethereum Token, 100% backed in 8 fiat (Cash) Currencies & Gold. Each Token is represented with assets deposited in bank accounts. Assets are actively managed by the propriety software, Automatic Reserve Management AI. X8Currency can only be issued or exchanged for fiat with X8X Utility Tokens.
The ARM Portfolio risk management AI, which operates the reserves of the X8 currency, was developed over 10 years. It has been operational since 2015 and has generated a transaction volume of over $1 Billion for clients in the traditional financial industry.
Fiat in X8 brings vast liquidity which can support speedy, large transactions with little to no price impact. That means that X8 can scale globally and provide a sustainable solution as a financial system for more than 3,5bn people.
X8 leverages the benefits of the Swiss financial ecosystem. Fiat funds deposited in the Swiss UBS AG, will be insured by SwissRE AG and audited daily by JP Fund Services. A store of gold currency in the safest, certified storage facilities.. outside the banking system serves as additional reserve for X8 currency.
The X8X Token is issued by a Swiss-based company, approved by the Swiss Regulatory Authorities and There will be only 100.000.000 Tokens issued in the Token Generation Event, later mining is not supported.
The team behind the X8 Currency blockchain project includes CEO and Founder Gregor Kozelj has 15 years of financial industry experience and is also the CEO of IoNectar. Gregor combines natural investment perspective with the advanced technology capabilities of today into a winning philosophy. CSO Tomaz Leposa is also the Chief Sales officer and Co-founder of IoNectar. Business development manager Aly Kulauzovic is an experienced entrepreneur and a valuable asset to the team, Rudolf Strobl is an infrastructure guru and Francesca Greco is in the Legal department. The team expands beyond this list and they have a strong advisory board as well.
You can learn more about the X8 Project and their upcoming ICO at X8Currency.com
This news release is also available on Reuters Insider Financial Network http://reut.rs/2DMZcrq