Hi, Thank you for raising your concerns about the project
For the first link we have nothing to do with that coin.
We are aware there is an ERC20 token as well by a similar name, which we have nothing to do with as well.
The XCA SCAM thread, I do remember seeing this on the first or second month after we launched. I believe someone made it because they did not get an airdrop, and then a few people posted they got their airdrop on that thread. I have no idea why it was removed. It looks to me like it was deleted by a moderator because their is an official scam list. I looked at it and xcashes is on there, again we dont have anything to do with that coin either.
As for the premine
It is a larger premine that some coins, but it makes sense if you look through the whitepaper and the website
20% for the airdrop. This is half of the premine, that were giving back to the community. The whole point of this is to spread the word, and to allow people to have a little X-CASH to use, before they buy kind of thing. This also helps decentralization, since someone who might have no mining computers and little money, can get a small amount of X-CASH for free.
5% for private investors. This is the small part for big investors, and the remaining unsold part will be airdropped to the community.
5% for the team. This is the 5% for us personally to have us all have an incentive to make the coin great. Our goal is to have everyone one who is part of the team to have a percentage of that 5%, this way every team member has an incentive. You can read more about the releasing of the coins on the 1st page, but basically they are released 20% of our stake every 10X of the market cap starting from 10M. Meaning we will all get 20% of our promised share when we hit 10M marketcap, meaning we have got 0 coins so far from the 5% team coins. This also means that it will be really tough for us to get the last percentages since we will have to reach a very high market cap to get to 100% of our promised coins.
10% team, this is for covering monthly expenses, and to allow us to build the infrastructure of our coin.
Our premine is very competitive and our locking of team funds to the marketcap instead of time (6 months etc) is also very unique.
We also are a non ICO coin, that has published who is behind the team since day one, to add transparency to the project.
This is indeed a very good answer. My personal opinion about X-cash is that it's probably the most interesting new coin on the stage now. Whitepaper is convincing and inspiring, the project seems to make sense in all its aspects, and even though it is a fork of another project (which isn't? just a very little list) it has a lot of unique features which are going to evolve further. Team is NOT anonymous and fully crediblke by all means. Roadmap is very solid and ambitious. In other words, green flags everywhere.
Just one advise: the community is waiting for a signature campaign to promote the project further, but if someone prepares some nice signature I'm ready to wear it even if there is no signature campaign. And so should be others who are passionate about this project.
Lets just wait for further announcement.
