Choojoy, thanks for info.
If we wanted to scam someone, we would come up with a simpler project. Not with crazy complex things like own blockchain, XRSS, CCB, geolocation game, stable coin with a bunch of steps and thoughtful steps. From the point of view of the scum this is inappropriate.
Topic: [ANN] XRONOS ---> WAY TO REAL STABLECOIN <---- - page 2. (Read 2580 times)
1. Guaranteed profitability. The promise of profitability above the bank deposit is a serious reason to think about the sources of this income. The multiple profit guarantee is a clear sign of fraudulent projects.
We have never guaranteed profitability. We guaranteed the presale and ICO sell prices, we guaranteed XPO backing by Cryptocurrency Basket, wich grows or falls with a whole market, but we never guaranteed profitability. This is nonsense.2. Questionable social networks profiles. The vast majority of participants' accounts are closed and don't contain a mention of the project.
Well, here is my FB https://www.facebook.com/michail.metatronovicWhat is a questionable on it?
Here is our headoffice address: Na Letne 835/9, Teplice, Czech Republic. You can find me and our team here anyday and anytime.
3. A language mix for making the project meaningful. Part of the text, including Terms & Conditions, isn't translated into Russian, while the main website content is translated, and the team itself obviously has Russian roots and attracts funding among the Russian-speaking audience.
The legal situation has changed so recently that Terms & Conditions has simply not been translated to russian. We did not have time for it, I'am really sorry about that.If the main part of the team speaks Russian, it does not mean that they are all Russians.
4. The team hasn't been in contact to answer our questions.
You can contact me, team or our helpdesk at any time. Whom they tried to contact... I don't know.5. Complex words and constructions, whereas all the same can be described much easier and more clearly, can be a sign of deliberate complication of the perception, which is not very good for investors.
If someone can explain our project in a simpler language - we are ready to pay for it 
6. A small number of subscribers in social networks.
It is true. We don't want to buy phantom users, we are interested in real followers and subscribers.7. Considerable discrepancies in the text on the website and the laid out documents. For example, on the website's Terms & Conditions we couldn't find the promised guaranteed profitability, moreover, there is a complete disclaimer of liability.
Of course they could not find promised guaranteed profitability, because we did not promise such a thing, there is nothing about guaranteed profitability in legal documents, Whitelist, Whitebook and website (I'll re-read it just in case.) if you do not collect the right amount, what are your actions?
Any amount collected is a right amount ). And we are glad see every new user.The ongoing presale is the first public test of the system, in which we give the public a chance to try the Xronos itself and the XRSS (rate stabilization system). As you can see here during first three weeks XPO backing has grown from $1,72 to $2.21, it means that XRSS works as planned.
If we collect a small amount - we will continue developments at our own expense and we will attract investors by other methods, not only with the help of ICO. In any case, we will stick to the planned strategy, no matter how much we collect.
In the opinion of the Digital Rating Agency team, XRONOS is a perfect example of a project that combines a wide range of fraud signs in it.
According to the official website, "XRONOS is an aggregator of cryptocurrency and blockchain-technologies. XRONOS target is to create the first truly stable cryptocurrency." We identified several alarm signs, on the basis of which we reached conclusions on the low investment attractiveness of the project:
1. Guaranteed profitability. The promise of profitability above the bank deposit is a serious reason to think about the sources of this income. The multiple profit guarantee is a clear sign of fraudulent projects.
2. Questionable social networks profiles. The vast majority of participants' accounts are closed and don't contain a mention of the project.
3. A language mix for making the project meaningful. Part of the text, including Terms & Conditions, isn't translated into Russian, while the main website content is translated, and the team itself obviously has Russian roots and attracts funding among the Russian-speaking audience.
4. The team hasn't been in contact to answer our questions.
5. Complex words and constructions, whereas all the same can be described much easier and more clearly, can be a sign of deliberate complication of the perception, which is not very good for investors.
6. A small number of subscribers in social networks.
7. Considerable discrepancies in the text on the website and the laid out documents. For example, on the website's Terms & Conditions we couldn't find the promised guaranteed profitability, moreover, there is a complete disclaimer of liability.
Among the advantages, there are stylish pictures on Facebook, the presence of Edgar Otchenshenko in the team, whose Facebook page is more like the living one, and the fascinating White Paper.
The DigRate team highlighted this project because of advertising in Yandex.Direct, which, in our opinion, is aimed at the least informed users. The Digital Rating Agency recommends thinking carefully before investing in such assets and assessing all the risks. ICO with signs of fraud, buying advertising placements, will always cause the DigRate team increased interest. We will sensitize the public to projects that pursue the goal of enrichment by inexperienced investors. In our opinion, the listed facts are sufficient to assign ratings without a more detailed express report. According to the collective opinion of Digital Rating Agency, the investment attractiveness rating of the XRONOS is "C" - low investment attractiveness, high default risk in the short term. Fraud Rate Scam.
This evaluation expresses the view of Digital Rating Agency and is not a fact-finding or recommendation to buy, hold or sell those or other assets, make investment decisions. We do not blame anyone for fraudulent actions, but we express our opinion about high risks. Digital Rating Agency assumes no responsibility for any consequences, interpretations, conclusions, recommendations or other actions directly or indirectly related to the evaluation performed by DigRate?s rating actions, as well as the observations and conclusions contained in the rating report and press releases, or absence of all of the above. The only source that reflects the current state of assessments is the official website www.digrate.com.
___________________
The rating was revised on December 19.
According to the official website, "XRONOS is an aggregator of cryptocurrency and blockchain-technologies. XRONOS target is to create the first truly stable cryptocurrency." We identified several alarm signs, on the basis of which we reached conclusions on the low investment attractiveness of the project:
1. Guaranteed profitability. The promise of profitability above the bank deposit is a serious reason to think about the sources of this income. The multiple profit guarantee is a clear sign of fraudulent projects.
2. Questionable social networks profiles. The vast majority of participants' accounts are closed and don't contain a mention of the project.
3. A language mix for making the project meaningful. Part of the text, including Terms & Conditions, isn't translated into Russian, while the main website content is translated, and the team itself obviously has Russian roots and attracts funding among the Russian-speaking audience.
4. The team hasn't been in contact to answer our questions.
5. Complex words and constructions, whereas all the same can be described much easier and more clearly, can be a sign of deliberate complication of the perception, which is not very good for investors.
6. A small number of subscribers in social networks.
7. Considerable discrepancies in the text on the website and the laid out documents. For example, on the website's Terms & Conditions we couldn't find the promised guaranteed profitability, moreover, there is a complete disclaimer of liability.
Among the advantages, there are stylish pictures on Facebook, the presence of Edgar Otchenshenko in the team, whose Facebook page is more like the living one, and the fascinating White Paper.
The DigRate team highlighted this project because of advertising in Yandex.Direct, which, in our opinion, is aimed at the least informed users. The Digital Rating Agency recommends thinking carefully before investing in such assets and assessing all the risks. ICO with signs of fraud, buying advertising placements, will always cause the DigRate team increased interest. We will sensitize the public to projects that pursue the goal of enrichment by inexperienced investors. In our opinion, the listed facts are sufficient to assign ratings without a more detailed express report. According to the collective opinion of Digital Rating Agency, the investment attractiveness rating of the XRONOS is "C" - low investment attractiveness, high default risk in the short term. Fraud Rate Scam.
This evaluation expresses the view of Digital Rating Agency and is not a fact-finding or recommendation to buy, hold or sell those or other assets, make investment decisions. We do not blame anyone for fraudulent actions, but we express our opinion about high risks. Digital Rating Agency assumes no responsibility for any consequences, interpretations, conclusions, recommendations or other actions directly or indirectly related to the evaluation performed by DigRate?s rating actions, as well as the observations and conclusions contained in the rating report and press releases, or absence of all of the above. The only source that reflects the current state of assessments is the official website www.digrate.com.
___________________
The rating was revised on December 19.
if you do not collect the right amount, what are your actions?
this is a very good idea, it will be a project that can stabilize the market price, I'm very impressed with the concept you have, even though your mission is not easy, hope you can do it, I also hope the team can be relied upon, good luck
Thanks for the kind words, it's good to hear. The team three years ago consisted of two people, now we are more than 20 people and every day we are stronger and stronger. A lot of pain - a lot of gain Think of global economic integration at the same time, I think need a helper of cryptocurrency, but encryption monetary instability is a big problem, so now want to do is how to let more people to understand and accept the encryption cryptocurrency, so that the encryption cryptocurrency is more stable.
We want to attract a critical mass of users with the help of the geolocation MMORPG game "Globula". In which for trading of ingame items between gamers Xronos is applied. In fact, this is one of the markets for consuming Xronos.Here you can see several teasers: https://www.youtube.com/channel/UCfyWcfjZP7_kPSIE8Az1Xuw/videos
You can read more about it in our Whitebook.
this is a very good idea, it will be a project that can stabilize the market price, I'm very impressed with the concept you have, even though your mission is not easy, hope you can do it, I also hope the team can be relied upon, good luck
Think of global economic integration at the same time, I think need a helper of cryptocurrency, but encryption monetary instability is a big problem, so now want to do is how to let more people to understand and accept the encryption cryptocurrency, so that the encryption cryptocurrency is more stable.
Hello devs. This project have any bounty programm? And where i can participate in bounty?
We offering a referral program right now. The system pays 2% in XPO from the purchases of your attracted users. Here it is necessary to know that now XPO presale price is $2.15 and during the next year it will grow to the level of $21.53 (4 steps of stabilization), where it will be fixed definitively. In fact, we can say that in the end you will receive ~20% of funds invested by your referrals.You can read everything about the program and participate in user backoffice. Here you can create an account: https://www.xronos.space/main/?do=registration
Hello devs. This project have any bounty programm? And where i can participate in bounty?
Dev any news yet?
presale here https://www.xronos.space/
Dev any news yet?
How you solve the problem of transfer as you stated above in OP. Can you provide the solution or it mean price of this token will stay flat at a level because if price will increase than transfer will also go higher for example when bitcoin was around $230 than fee were around $0.03 now network fee is so high because of high price of bitcoin.
The transfer price will always be 0.001 XPO and in relation to the USD will increase only in the phases of stabilization. When the XPO price will be fixed at the level of the GAW index (~$21.53) - the transfer will cost no more than $ 0.02153 and will not change significantly in future.Very interesting concept, dev do you know the time frame for when the wallets will be completed for download? also what are the price ranges for investing in XRONOS? And do you plan to list them on any exchanges?
The Android wallet is ready for downloading for about a year. Also, we have almost finished developing a wallet for iOS - in the next few weeks it will be available for download.Also what are the price ranges for investing in XRONOS?
The price ranges is fixed on presale - $2,15/XPO (21.9-21.10) and $3,50 on ICO (21.11-21.12.17) In the remaining two phases, the sale price will depend on a number of certain factors.
In the final phase, the price will be forever fixed at the level of GAW index ($21.53 for this moment).
And do you plan to list them on any exchanges?
First of all, we prefer to integrate Xronos to decentralized exchanges. The first exchange on which the pair XPO / BTC will be traded is OpenLedger DEx. Hi!
I downloaded your android app and tried to log in with my Xronos account but i says the accountname/password is wrong. Since i tried changing the pass and then logging in again, with no success. I am confused, how do I solve this?
I downloaded your android app and tried to log in with my Xronos account but i says the accountname/password is wrong. Since i tried changing the pass and then logging in again, with no success. I am confused, how do I solve this?
Hi Axxcap,
Did you have the same problem in the web version of the wallet? If not - try to reinstall the app or clear data and cache of Xronos wallet (app settings in android settings menu). In most cases it helps.
Hi!
I downloaded your android app and tried to log in with my Xronos account but i says the accountname/password is wrong. Since i tried changing the pass and then logging in again, with no success. I am confused, how do I solve this?
I downloaded your android app and tried to log in with my Xronos account but i says the accountname/password is wrong. Since i tried changing the pass and then logging in again, with no success. I am confused, how do I solve this?
The time has come! XRONOS, the first aggregator of cryptocurrency, is 100% ready to work. XRSS is on alert. The website is launched. Technical documents are designed and imposed. We can begin. Presale of XPO coins will last till 21 October, 2017.
Elevator pitch
To someone who missed our previous posts, XRONOS is the first aggregator of cryptocurrency and blockchain-technologies. The main goal of the project is to create so-called Stable Coin: cryptocurrency which is stable in relation to fiat money. Consider it something like “Bretton Woods” system in digital performance, but instead of tangible and finite gold, other cryptocurrencies and their increasing capitalization are used as its backing.
What’s inside?
The system consists of three products (own blockchain, Wallet app and XRSS program). Together they form XRONOS cryptocurrency, stable to fiat money. Each of the products has its own unique features. All of these features make the project a breakthrough.
Blockchain XRONOS operates on the highest speed, it is self-optimizing and linearly scalable.
XRSS - XRONOS Real-time Stabilization System - works by transparent rules, its operation is based on fully open sources, which allows everyone to predict ts behavior and to stay confident in the system’s reliability. You can learn more about it, following this link.
XRONOS Wallet differs from classical crypto-wallets, because of its lightness and the fact that the user does not need much space on his device, and open API allows to expand its functionality in a snap.
All of the three products are fully completed and ready to be tested by the first users, who will take part in the Presale of the new cryptocurrency from 21 September to 21 October, 2017.
Planned results and global goals?
As we’ve already said, the closest and tangible goal is to create Stable Coin, which is cryptocurrency not attached to any fiat currency, but stable to them.
Globally, we want to create such a crypto circulating medium, which will enable cryptocurrency to enter the real sector of economy, to push outdated banking system and to ‘let the genie out of the bottle’ - to start a process of forming p2p-economy. To make it happen, our crypto must be truly decentralized, stable and, what is more important, mass-applied. This is what we aim for.
4 Stages of exchange rate stabilization
For active growth of user database at the beginning and its further development, XRONOS has a planned period of speculative growth, divided into 4 parts. Each one of the stages is connected with the sale of extra XPO coins and guaranteed rise in price of the coins at the next stage. This way the functionality of the system can be gradually updated, tested and expanded without any security risks, while the capitalization of the new cryptocurrency will be increasing by degrees.
The uniqueness of the project Presales and ICOs is in allocation of the funds: just 20% of the gathered funds at each stage will be spent on development of the cryptocurrency and its services, while the remaining 80% will guarantee the financial capacity of the coin. This will back its liquidity, refund guarantee and lower the risks for the first users of the system.
Period of exchange rate growth is divided into 4 so-called “Stabilization stages”:
Presale XPO, $2.15 per coin will last from 21 september to 21 october 2017;
ICO XPO, $3.50 per coin will last from 21 november to 21 december 2017;
Presale Globula, $10.75 per coin will held in march of 2018;
ICO Globula, $16.15 per coin will held in june of 2018.
What’s next?
After the emission of 21 million coins, XPO transforms into stable rate. Its arithmetically predicted cost equals $21.53 for 1 XPO, but in August 2018 it may be slightly corrected, as XRONOS is based on GAW and SDR indexes. Once the target values are reached (emission> 21,000,000 coins and a stable XPO rate), the percentages of the emission earnings distribution will change: 98% will go to the cryptocurrency basket, and only 2% will be spent in the Vertex Capital Management LTD favour, so the work on XRONOS and its motivating services can be continued.
How to take part?
The starting point of the work with XRONOS is Bitcoin-wallet with some funds charged to it. Via your wallet you will be able to buy XPO coins. To work with the system you will need a personal account, which you can create here or using your mobile app. And your further actions are simple: enter official website and buy yourself a piece of your bright future.
Next week we will start doing detailed reviews of each element of the system, and by the Presale mid-point you will understand the way the project is organized just as good as we are. Have a good weekend!
WHITEPAPER | WHITEBOOK | PRESENTATION
Elevator pitch
To someone who missed our previous posts, XRONOS is the first aggregator of cryptocurrency and blockchain-technologies. The main goal of the project is to create so-called Stable Coin: cryptocurrency which is stable in relation to fiat money. Consider it something like “Bretton Woods” system in digital performance, but instead of tangible and finite gold, other cryptocurrencies and their increasing capitalization are used as its backing.
What’s inside?
The system consists of three products (own blockchain, Wallet app and XRSS program). Together they form XRONOS cryptocurrency, stable to fiat money. Each of the products has its own unique features. All of these features make the project a breakthrough.
Blockchain XRONOS operates on the highest speed, it is self-optimizing and linearly scalable.
XRSS - XRONOS Real-time Stabilization System - works by transparent rules, its operation is based on fully open sources, which allows everyone to predict ts behavior and to stay confident in the system’s reliability. You can learn more about it, following this link.
XRONOS Wallet differs from classical crypto-wallets, because of its lightness and the fact that the user does not need much space on his device, and open API allows to expand its functionality in a snap.
All of the three products are fully completed and ready to be tested by the first users, who will take part in the Presale of the new cryptocurrency from 21 September to 21 October, 2017.
Planned results and global goals?
As we’ve already said, the closest and tangible goal is to create Stable Coin, which is cryptocurrency not attached to any fiat currency, but stable to them.
Globally, we want to create such a crypto circulating medium, which will enable cryptocurrency to enter the real sector of economy, to push outdated banking system and to ‘let the genie out of the bottle’ - to start a process of forming p2p-economy. To make it happen, our crypto must be truly decentralized, stable and, what is more important, mass-applied. This is what we aim for.
4 Stages of exchange rate stabilization
For active growth of user database at the beginning and its further development, XRONOS has a planned period of speculative growth, divided into 4 parts. Each one of the stages is connected with the sale of extra XPO coins and guaranteed rise in price of the coins at the next stage. This way the functionality of the system can be gradually updated, tested and expanded without any security risks, while the capitalization of the new cryptocurrency will be increasing by degrees.
The uniqueness of the project Presales and ICOs is in allocation of the funds: just 20% of the gathered funds at each stage will be spent on development of the cryptocurrency and its services, while the remaining 80% will guarantee the financial capacity of the coin. This will back its liquidity, refund guarantee and lower the risks for the first users of the system.
Period of exchange rate growth is divided into 4 so-called “Stabilization stages”:
Presale XPO, $2.15 per coin will last from 21 september to 21 october 2017;
ICO XPO, $3.50 per coin will last from 21 november to 21 december 2017;
Presale Globula, $10.75 per coin will held in march of 2018;
ICO Globula, $16.15 per coin will held in june of 2018.
What’s next?
After the emission of 21 million coins, XPO transforms into stable rate. Its arithmetically predicted cost equals $21.53 for 1 XPO, but in August 2018 it may be slightly corrected, as XRONOS is based on GAW and SDR indexes. Once the target values are reached (emission> 21,000,000 coins and a stable XPO rate), the percentages of the emission earnings distribution will change: 98% will go to the cryptocurrency basket, and only 2% will be spent in the Vertex Capital Management LTD favour, so the work on XRONOS and its motivating services can be continued.
How to take part?
The starting point of the work with XRONOS is Bitcoin-wallet with some funds charged to it. Via your wallet you will be able to buy XPO coins. To work with the system you will need a personal account, which you can create here or using your mobile app. And your further actions are simple: enter official website and buy yourself a piece of your bright future.
Next week we will start doing detailed reviews of each element of the system, and by the Presale mid-point you will understand the way the project is organized just as good as we are. Have a good weekend!
WHITEPAPER | WHITEBOOK | PRESENTATION
How will XRSS work and how will it back the rate stability?
XRSS — XRONOS real-time stabilization system — is a complicated technology, lying in the base of XRONOS aggregator, making it unique. XRSS is the one responsible for XPO exchange rate control and transferring the funds into / out of the system. Operation options are not pulled out of the hat, but, of course, logically constructed.
Let’s mentally teleport to the nearest future, when Presale and ICO are over, and XRONOS becomes a Stable Coin. How the system works in field conditions? Where the exchange rate comes from? How it is controlled by the system? First things first.
The price of 1 XPO is attached to GAW value and it is denominated in SDR. What these abbreviations stand for? GAW is a worldwide average index, expressing the cost of a working hour on the planet. Its calculation is based on the open data, officially provided by OECD member countries. These countries take the data from revenue services and other institutions doing statistics.
SDR is the index used by IMF for internal calculations between member states of the fund. It consists of five largest and strongest currencies in proportion to their volume in the global economy. It is like a powerful cryptocurrency basket, which is so heavy, that it stays stable, especially comparing it to the prices storm at the currency exchanges.
That means that the price of 1 XPO is bound to two average indexes of global economy, which are stable and secure enough to rely on. Backing and liquidity are the only things that left to sort out.
How to hold the exchange rate in leash?
Firstly, the correct price of the coin must be calculated. All the computations on the planned XPO price are conducted by so called XBA, analytical xronobot. It is also responsible for other tools’ operations, which are two other xronobots (XBE and XBG), and for strategy of “digital gold and currency reserve”, meaning cryptocurrency basket. To make it happen, the bot gathers the statistics on cryptocurrency and market conditions, information about GAW and SDR, analyzes the data and acts basing on the results. It constructs a plan for rates of purchase and emission of XPO during next 24 hours.
XBE - emitting xronobot
Since XRONOS doesn’t use mining as new tokens resource, new coins emission is conducted only through its purchase at the market. Income is directed to the guarantee xronobot.
The intensity of emission depends directly on its demand. Tons of crypto needed ASAP? Then xronobot emits coins at the price of GAW +1%. Supply at the market is much higher than demand? Then emission won’t be conducted at all, users buy out all of the other users’ coins, who needed conversion into crypt or fiat money.
XBG - guaranteeing xronobot
XBG is a distributor of “digital central bank”, which manages the gathers cryptoassets. Approximately 40% stay in the cold storage, others are used at the exchanges as the cryptocurrency basket. It also conducts demission of the funds, or in simple terms, its conversion into fiat money. If the XPO supply is higher than the demand, the coins are bought out by the bot at the price of GAW-1%. It takes money for withdrawal from selling the gathers goods.
Cryptocurrency basket
In fact, this is a diversified storage for cryptoassets. Based on the data of the bot-analyst, XBG purchases a package of "crypts" in accordance to the market situation: preference is given to the most actively traded and stable coins. Their total capitalization equals 90-98% of the cryptocurrency market.
The information about current state of the cryptocurrency basket managed by xronobots is open and available on the official website. It’s updated once a day.
Common logic
In sum, XRSS works with a pretty trivial logic. Someone needs new coins - he just buys them on the exchange from other users or from chronobot. The rate is calculated by the bot-analyst and is controlled by two systems: emission and demission. The first sells coins at a price higher than the planned one, the second one is buying them at a price below the target. So users can only have a narrow 2% corridor of exchange rate fluctuations. If the price is out of it, it is more profitable to use xronobots.
Withdrawal guarantee
The funds withdrawal is fully guaranteed by the accumulated crypto-assets. The fact is that XPO is bought in the crypto, and the price equals the rate of fiat money for a certain day. In the long term, the "crypt" will only rise in price, so 0.01 BTC invested once will increase its dollar / euro value. As a result, for the return of funds from the system it will be necessary to spend less "bitcoins" or other crypto currencies, so that all XPO can be safely bought and sold: this will practically affect neither the exchange rate of the cryptocurrency nor the stability of the market.
Balance of forces
In the end, we have a simple and harmonious picture. Analytical bot calculates the standard price of one XPO coin and the composition of the cryptocurrency basket. Emitting bot sells new coins at the price that is 1% higher than the standard, and it also transfers income into cryptocurrency basket. Guarantee bot buys up unnecessary coins for 1% cheaper than the standard, meaning, it provides a guaranteed fast and safe withdrawal of funds. Speculators have no chance.
Today
It is the right time to come back from elegant theories to harsh reality. Crypto-market is very speculative, and it is really hard to bring attention to the currency, which won’t rise in price. That is the exact reason why we conduct 4 steps of stabilization (2 Presales and 2 ICOs), during which the rate will be gradually rising up from 1/10 of the price to the planned number.
It is an instrument for gaining popularity for us. For you it is, firstly, a test-drive of the system with transparent risks and, secondly, an opportunity to gain some funds on your trust towards the project.
XRSS — XRONOS real-time stabilization system — is a complicated technology, lying in the base of XRONOS aggregator, making it unique. XRSS is the one responsible for XPO exchange rate control and transferring the funds into / out of the system. Operation options are not pulled out of the hat, but, of course, logically constructed.
Let’s mentally teleport to the nearest future, when Presale and ICO are over, and XRONOS becomes a Stable Coin. How the system works in field conditions? Where the exchange rate comes from? How it is controlled by the system? First things first.
The price of 1 XPO is attached to GAW value and it is denominated in SDR. What these abbreviations stand for? GAW is a worldwide average index, expressing the cost of a working hour on the planet. Its calculation is based on the open data, officially provided by OECD member countries. These countries take the data from revenue services and other institutions doing statistics.
SDR is the index used by IMF for internal calculations between member states of the fund. It consists of five largest and strongest currencies in proportion to their volume in the global economy. It is like a powerful cryptocurrency basket, which is so heavy, that it stays stable, especially comparing it to the prices storm at the currency exchanges.
That means that the price of 1 XPO is bound to two average indexes of global economy, which are stable and secure enough to rely on. Backing and liquidity are the only things that left to sort out.
How to hold the exchange rate in leash?
Firstly, the correct price of the coin must be calculated. All the computations on the planned XPO price are conducted by so called XBA, analytical xronobot. It is also responsible for other tools’ operations, which are two other xronobots (XBE and XBG), and for strategy of “digital gold and currency reserve”, meaning cryptocurrency basket. To make it happen, the bot gathers the statistics on cryptocurrency and market conditions, information about GAW and SDR, analyzes the data and acts basing on the results. It constructs a plan for rates of purchase and emission of XPO during next 24 hours.
XBE - emitting xronobot
Since XRONOS doesn’t use mining as new tokens resource, new coins emission is conducted only through its purchase at the market. Income is directed to the guarantee xronobot.
The intensity of emission depends directly on its demand. Tons of crypto needed ASAP? Then xronobot emits coins at the price of GAW +1%. Supply at the market is much higher than demand? Then emission won’t be conducted at all, users buy out all of the other users’ coins, who needed conversion into crypt or fiat money.
XBG - guaranteeing xronobot
XBG is a distributor of “digital central bank”, which manages the gathers cryptoassets. Approximately 40% stay in the cold storage, others are used at the exchanges as the cryptocurrency basket. It also conducts demission of the funds, or in simple terms, its conversion into fiat money. If the XPO supply is higher than the demand, the coins are bought out by the bot at the price of GAW-1%. It takes money for withdrawal from selling the gathers goods.
Cryptocurrency basket
In fact, this is a diversified storage for cryptoassets. Based on the data of the bot-analyst, XBG purchases a package of "crypts" in accordance to the market situation: preference is given to the most actively traded and stable coins. Their total capitalization equals 90-98% of the cryptocurrency market.
The information about current state of the cryptocurrency basket managed by xronobots is open and available on the official website. It’s updated once a day.
Common logic
In sum, XRSS works with a pretty trivial logic. Someone needs new coins - he just buys them on the exchange from other users or from chronobot. The rate is calculated by the bot-analyst and is controlled by two systems: emission and demission. The first sells coins at a price higher than the planned one, the second one is buying them at a price below the target. So users can only have a narrow 2% corridor of exchange rate fluctuations. If the price is out of it, it is more profitable to use xronobots.
Withdrawal guarantee
The funds withdrawal is fully guaranteed by the accumulated crypto-assets. The fact is that XPO is bought in the crypto, and the price equals the rate of fiat money for a certain day. In the long term, the "crypt" will only rise in price, so 0.01 BTC invested once will increase its dollar / euro value. As a result, for the return of funds from the system it will be necessary to spend less "bitcoins" or other crypto currencies, so that all XPO can be safely bought and sold: this will practically affect neither the exchange rate of the cryptocurrency nor the stability of the market.
Balance of forces
In the end, we have a simple and harmonious picture. Analytical bot calculates the standard price of one XPO coin and the composition of the cryptocurrency basket. Emitting bot sells new coins at the price that is 1% higher than the standard, and it also transfers income into cryptocurrency basket. Guarantee bot buys up unnecessary coins for 1% cheaper than the standard, meaning, it provides a guaranteed fast and safe withdrawal of funds. Speculators have no chance.
Today
It is the right time to come back from elegant theories to harsh reality. Crypto-market is very speculative, and it is really hard to bring attention to the currency, which won’t rise in price. That is the exact reason why we conduct 4 steps of stabilization (2 Presales and 2 ICOs), during which the rate will be gradually rising up from 1/10 of the price to the planned number.
It is an instrument for gaining popularity for us. For you it is, firstly, a test-drive of the system with transparent risks and, secondly, an opportunity to gain some funds on your trust towards the project.
Very interesting concept, dev do you know the time frame for when the wallets will be completed for download? also what are the price ranges for investing in XRONOS? And do you plan to list them on any exchanges?
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