Xchange: Back To Our Roots
In August of 2018, it was reported that Binance charges $2,000,000+ to be listed on their exchange. Yes, Binance has the most volume in the world. Yes, Binance gives great exposure to cryptocurrency projects. And yes, coins often pay this fee to get exposure to their audience. Cryptocurrency infrastructure is important, but when that infrastructure only rewards those who can pay gigantic fees, cryptocurrency begins to lose its direction. Cryptocurrency is meant to be a community that above all else, fosters innovation that ultimately aims to improve our existing systems of payments and payment services. Though that was the original goal, cryptocurrency and blockchain technology has now adapted to hundreds of other business applications and improved the efficiency and security of dozens of industries. Because this technology and innovation have now shown us the true potential of an economy integrated with cryptocurrency, we need to protect and build infrastructure that promotes the advancement of blockchain-based projects based on factors that are not financially motivated.
The cryptocurrency community is unfortunately notorious for the amount of scams and misconduct that occurs within our ranks. Because of a lack of awareness of infrastructure and a lack of motivation to participate in the infrastructure that does exist, users often finding themselves trading crypto peer to peer through chat groups like you would find in Discord, Slack, Telegram, etc. This obviously creates a dangerous environment for those looking to safely transact, and the rate of scams among these transactions is high. This not only creates an unnecessary obstacle for the average investor, it also smears the name of cryptocurrency and discourages people from engaging in the most basic function of cryptocurrency: transacting money.
Xchange is tackling this problem at its most basic level. They have created a multicoin wallet that acts as a peer-to-peer marketplace where users can trade the coins they want at the prices they want. The XCG team has identified a real need in the cryptocurrency space: a truly decentralized exchange with no need to trust someone else at any part during the process. This is wildly valuable in the crypto wild west. The wallet has an escrow function built-in, and transactions are handled automatically. Upon completion of the agreed upon transaction, escrow is released and both parties get their funds. They've also developed an auction feature that allows a user to set a price that they'd like to get for the coins they want to sell. This can be any combination of pairs. You can auction ETH for XCG, or XCG for BTC, or any other pairing you'd like to create. Then, you set a duration for the listing and wait. Your bid or ask will either get filled or expire. And best of all, it's all done without KYC, signup, or any other typical centralized exchange hassle. It's all done in the wallet.
Not only has Xchange delivered a platform that meets a market need, but they've also given purpose to their coin, XCG. XCG will act as the fee currency for all transactions, and has also become a popular investment as a masternode coin. Very few masternode coins deliver meaningful software or services, but Xchange has done exactly that. Given that fact, XCG should be able to rise above the sea of coins with no use-case or purpose and establish a solid following and community going forward. Here's a link to the Masternodes.Online page for Xchange:
https://masternodes.online/currencies/XCG/
As a masternode coin, Xchange is highly appealing to investors. Setting up an XCG node is easy, and all the instructions are available in their Discord. They also have a very helpful support channel.
Though masternode coins are appealing to investors, they also have some challenges. Often, masternode coins fail because of inflation and an unsustainable masternode reward structure. This is to attract investors, but often it is not for their benefit. Xchange has implemented a sustainable masternode ROI that occurs in three phases. It's also notable that the ROI is determined by block, not by the number of active masternodes. This means that incoming investors don't have to worry about reduction in rewards when masternodes are added to the network. Not only does this keep the ROI attractive for late investors, but it protects the market price from the dump that could occur from inflation in the early stages. With adaptive ROIs, a small amount of masternodes means an unsustainable ROI. With Xchange's system of rewards, masternode holders are protected from both of those negative outcomes.
Blocks 0-23160: 1000% ROI
Blocks 23160-123960: 500% ROI
Blocks 123960-245920: 100% ROI
As far as I'm concerned, Xchange has correctly identified a market need and filled that need elegantly. Along the way, they've built a stable coin that has implemented features that will ensure the longevity and value of that coin. They are rewarding early investors of the project and building something that can be appealing to later investors as well. I expect XCG to do very well in the coming months, and they are really well positioned for whenever the next big alt bull run occurs.
Xchange Discord: https://discord.gg/7Qq3BrU