Topic: [ANN] Xcavator - A Crypto Utility Token for Crypto Mining - page 3. (Read 1094 times)

We have plans to allocate 40k-50k USD to our project if we don't have adequate funds from our initial sale.

That is big thing which you are claiming to do. Till date I havent seen any project that is going on with its own money rather all focus on seed funding. Can you tell us how much money you will allocate to this project if you dont have adequate funds in the start to run this project?

We do not have any soft cap as such. Even if we do not generate big funds from our initial sale, we will start our farms with whatever funds have been generated. As our project will progress, more and more people will see its potential and join our project. Our project will not be abandoned.

What if you don't generate funds from initial sale of your tokens? Will you abandon the project or invest your own capital to start the project. This is very important question as many crypto project just went away if they don't able to generate required capital.

We have an experienced team in crypto mining and we are aware of the pros and cons of the mining. We will surely be mining profitably and because of our dual concept of mining farm expansion & purchasing of our tokens for burning, our tokens will surely rise in a long term.

This is a great idea to mine profitable coins and this is somewhat similar to cloud mining concept. But in cloud mining the profit given to investors is too low. You need to have experienced miners in your team to implement this concept otherwise you will end up losing investors money. Do you think you team can setup mining rings that can mine coins profitably.

As per our timeline, we had to be listed by June 2022 and we are getting listed on the 7th of June 2022 on the coinsbit.io exchange. Tier 1 exchanges like Binance have very high listing fees and criteria. We will surely plan for tier 1 exchanges after a few months as our project progresses.

Funds from the sale of tokens will be used to set up mining farms and we will mine the most profitable coins. Around 50% of the profits will be used to expand mining farms and 50 % will be used to buy back our tokens from the market and burn them. This dual process will increase our token price in long run and benefit the investors.

Are you following your timeline? As per your timeline it was expected that token will be listed on exchanges. Can you tell on which exchange the token is listed by now or where you are planning to list it. Exchange name is very important for success of any project. If its something like binance then coin is defiantly going to have huge success.   

Correct me if i am wrong. We invest in your coin and using that money you will mine different profitable coins and that will in turn increase price of your coin and benefit the investors. This is how it will work?

Our token is not a mineable token. We will be mining the most profitable cryptocurrencies available in the market through our efficient tools. We will not be giving any ROI as such, the investors will be gaining through the increase in the price of our token because of our dual mechanism of increasing our mining capacity and buyback of our tokens from the market for burning.

Just wanna know what is needed to mine your token? As you said your algorithm enable miners to efficiently mine the your token and can you share ROI like how much I have to invest in order to get a specific number of your native tokens.

I would say IEO is still somewhat safe for most of investors that are fearful to invest in crypto that has too much uncertainty. Havent heard about IEOs for such a long time, good to know that this method of getting funds from investors is still alive.

Stats of Coinsbit are extraordinary. In 24hrs it has volume of around 1.5 billion USD, according to CMC . I think its a good idea to have your IEO on such exchnage if you are not getting chance on binance. I don't know whether IEOs are hot topics these days or not, in 2018/19 IEOs were more in business.

Xcavator is delighted to announce that their IEO is confirmed on Coinsbit.io along with the listing. And the IEO sale will start on 18th May 2022.

Xcavator is a state-of-the-art mining project that is revolutionizing the way mining is done so far. It is building an ecosystem that will ensure that people can experience a more optimized way of crypto mining. It will be fun, easy, and highly profitable for the miner.

The aim of the Xcavator is to be part of the professional miners' community making additional profits over domestic mining. The project aims to increase the hashing power for such users and effectively scale up their operations without any hassles to convert mining into profitable assets.

After concluding the Airdrop event on May 8th the team has been announcing the winners on a regular and predefined basis. Now users have an opportunity to buy XCA tokens easily and at the best price by participating in the (Initial Exchange Offering) IEO sale.

                                                                                                                                                                                                   
The IEO sale will begin on 18th May 2022 and will end on 31st May 2022. In this sale round the price of 1 XCA is just 0.21 USDT, and there are a total of 7619047 XCA tokens available to be purchased.

There are limits on purchases, you can buy a minimum of 50 XCA and a maximum of 500,000 XCA using BTC, ETH, LTC, USDT, EUR, and RUB cryptocurrencies. This is a golden opportunity for crypto investors to buy XCA tokens at very low prices. After this, the price of the XCA token in any sale will not be less than this.

The company chooses the IEO method of coin offering for a variety of reasons, some of them being: investors feel more confident about IEOs, IEO projects are more likely to run smoothly, and investors who offer initial exchanges are more likely to Have a more user-friendly experience.

The process to participate in this IEO sale is also very easy. Visit coinsbit.io create an account there, then verify your email and sign in to the platform. Complete KYC, load crypto funds in your wallet, and then from the navigation bar navigate to Finance>IEO and Token sale launchpad from the navigation bar and then find Xcavator. Now on its IEO sale page enter the amount of XCA token you want to buy, choose cryptocurrency to make payment, and complete the payment process. The purchased amount of the XCA token will be added to your wallet. That’s it.

Xcavator is on its way to reshaping the industry of cryptocurrency mining. It will create a robust ecosystem that will be highly profitable to the miners. People looking for a reliable and profitable project to invest in can check the details and make an investment in the XCA IEO sale.
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Yeah, yeah. You're a unique one and aimed to achieve great height. I found that your whitepaper is plagiarized, your KYB certificate belongs to other project and... well, as you've admitted it yourself, you hold the entire token supply. I would invite you to answer and give your defense toward the accusations here

We have plans to be listed on top exchanges like binance or other such top exchanges but as everybody knows that these top 10 exchanges have a very high listing fees along with strict listing norms in which a new project would find difficult to accommodate, but in future we would surely be listed on them with the faith and support of our community. As you might have read about our concept, we will be using the funds from the token sale to setup mining farms, it would not be suitable for us to divert a majority for listing initially. As of now we are already in talks with top crypto exchanges ranked between 30th to 50th worldwide and very soon we will be finalising and be listed.

You are right on this part and as every crypto project needs the investors to have a very good faith in them we would also be expecting the same. We have got our Smart Contract Security Audit and Project’s Know Your Company (KYC) completed to be verified. Moreover there seems no reason for the investors to feel unsafe as our project concept is a unique one and we are confident that in a long run we will achieve great heights which is a much bigger picture in comparison to the rug pull which other small crypto might have done.

A coin is known worthy by  exchanges on which its listed. What's your plan of listing your coin on exchanges like binance or other such top exchanges. What are your plans of such enlistment and are you in touch with any exchange?

As we have established that we are on the same page for the case of the token "possession" of your project, I think it is not too exaggerating to think that this method will require the investors to have a very good faith in you not to rug pull, isn't it?