Topic: Creating Backed Cryptographic Currency for ppl who want stable coin. (Read 289 times)

There is a revolution going on in the field of stable and liquid cryptocurrencies.

We believe that our solution, a stable cryptocurrency named X8C, can build a bridge between fiat currencies and crypto world. X8C is 100% backed with fiat currency and gold coins, redeemable at any time. In the background, X8C price is pegged to 8 main currencies + gold coins price, but also 1-2% yearly gain is obtainable through portfolio management.

Read more here: x8currency web page and Medium blog.

I have here a calculated estimation with miner rewards and the Currency Backing yields to give an understanding how the Currency Backing will sustain Mining costs and generate Income for the Holding of it
this example is for an issuance of 475000 token sold for the fixed price of 5€ backed by 95%


            Priority Distribution pow masternode Faktor         0,090909091         Portfolio riskaverse Yield      3%            
                              Token Price      5 €            
                                                
year      Total Miner Reward      Masternode   POW   Faktor Change   Production   Total   Mining Costs in Percent   Portfolio Backing Asset Value      Portfolio Yield      Miner Share      Value of Miner Acumulated Share
 0      per year   per Block   Per Block   per Block      475000   475000      2.375.000 €            0 €      
 1       4750   0,019266338   0,001751485   0,017514853   1   4750   479750   1%   2.446.250 €      71.250 €      24.463 €      24.463 €
 2       4750   0,019266338   0,001751485   0,017514853   1   4750   484500   1%   2.519.638 €      73.388 €      25.196 €      49.659 €
 3       4750   0,019266338   0,003502971   0,015763367   2   4750   489250   1%   2.595.227 €      75.589 €      25.952 €      75.611 €
 4       4750   0,019266338   0,003502971   0,015763367   2   4750   494000   1%   2.673.083 €      77.857 €      26.731 €      102.342 €
 5       4750   0,019266338   0,005254456   0,014011882   3   4750   498750   1%   2.753.276 €      80.193 €      27.533 €      129.875 €
 6       4750   0,019266338   0,005254456   0,014011882   3   4750   503500   1%   2.835.874 €      82.598 €      28.359 €      158.233 €
 7       4750   0,019266338   0,007005941   0,012260397   4   4750   508250   1%   2.920.950 €      85.076 €      29.210 €      187.443 €
 8       4750   0,019266338   0,007005941   0,012260397   4   4750   513000   1%   3.008.579 €      87.629 €      30.086 €      217.529 €
 9       4750   0,019266338   0,008757426   0,010508912   5   4750   517750   1%   3.098.836 €      90.257 €      30.988 €      248.517 €
10       4750   0,019266338   0,008757426   0,010508912   5   4750   522500   1%   3.191.801 €      92.965 €      31.918 €      280.435 €
11       4750   0,019266338   0,010508912   0,008757426   6   4750   527250   1%   3.287.555 €      95.754 €      32.876 €      313.311 €
12       4750   0,019266338   0,010508912   0,008757426   6   4750   532000   1%   3.386.182 €      98.627 €      33.862 €      347.173 €
13       4750   0,019266338   0,012260397   0,007005941   7   4750   536750   1%   3.487.768 €      101.585 €      34.878 €      382.050 €
14       4750   0,019266338   0,012260397   0,007005941   7   4750   541500   1%   3.592.401 €      104.633 €      35.924 €      417.974 €
15       4750   0,019266338   0,014011882   0,005254456   8   4750   546250   1%   3.700.173 €      107.772 €      37.002 €      454.976 €
16       4750   0,019266338   0,014011882   0,005254456   8   4750   551000   1%   3.811.178 €      111.005 €      38.112 €      493.088 €
17       4750   0,019266338   0,015763367   0,003502971   9   4750   555750   1%   3.925.513 €      114.335 €      39.255 €      532.343 €
18       4750   0,019266338   0,015763367   0,003502971   9   4750   560500   1%   4.043.279 €      117.765 €      40.433 €      572.776 €
19       4750   0,019266338   0,017514853   0,001751485   10   4750   565250   1%   4.164.577 €      121.298 €      41.646 €      614.421 €
20       4750   0,019266338   0,017514853   0,001751485   10   4750   570000   1%   4.289.514 €      124.937 €      42.895 €      657.317 €
21       4750   0,019266338   0,017514853   0,001751485   10   4750   574750   1%   4.418.200 €      128.685 €      44.182 €      701.499 €
22       4750   0,019266338   0,017514853   0,001751485   10   4750   584250   1%   4.687.268 €      136.522 €      46.873 €      793.879 €
24       4750   0,019266338   0,017514853   0,001751485   10   4750   589000   1%   4.827.886 €      140.618 €      48.279 €      842.158 €
25       4750   0,019266338   0,017514853   0,001751485   10   4750   593750   1%   4.972.723 €      144.837 €      49.727 €      891.885 €
26       4750   0,019266338   0,017514853   0,001751485   10   4750   598500   1%   5.121.904 €      149.182 €      51.219 €      943.104 €
27       4750   0,019266338   0,017514853   0,001751485   10   4750   603250   1%   5.275.561 €      153.657 €      52.756 €      995.859 €
28       4750   0,019266338   0,017514853   0,001751485   10   4750   608000   1%   5.433.828 €      158.267 €      54.338 €      1.050.198 €
29       4750   0,019266338   0,017514853   0,001751485   10   4750   612750   1%   5.596.843 €      163.015 €      55.968 €      1.106.166 €
30       4750   0,019266338   0,017514853   0,001751485   10   4750   617500   1%   5.764.748 €      167.905 €      57.647 €      1.163.814 €
31       4750   0,019266338   0,017514853   0,001751485   10   4750   622250   1%   5.937.691 €      172.942 €      59.377 €      1.223.191 €
32       4750   0,019266338   0,017514853   0,001751485   10   4750   627000   1%   6.115.822 €      178.131 €      61.158 €      1.284.349 €
33       4750   0,019266338   0,017514853   0,001751485   10   4750   631750   1%   6.299.296 €      183.475 €      62.993 €      1.347.342 €
34       4750   0,019266338   0,017514853   0,001751485   10   4750   636500   1%   6.488.275 €      188.979 €      64.883 €      1.412.224 €
35       4750   0,019266338   0,017514853   0,001751485   10   4750   641250   1%   6.682.923 €      194.648 €      66.829 €      1.479.054 €

The Currency Backing Portfolio would grow with a risk averse yield of 3% from 2.4 Million to 6.682 Million but even this is not much because the Inflation and Money Printing excesses of the Banking elite might even grow it more, furthermore the miners will own basically 35% of the Currency Backup after 35 years. Since Duality has already issued a second Backed Coin i offer hereby a more longterm and less speculative form to invest and to design into Blockchain tech. and its possible products.

furthermore potential owners of this cryptocurrency will know that this is a Backed token that has nothing to do with fractional reserve Banking that is Basically ruling the World today mixed with oil Currency wars of the united states. Which would make a system like this more reliable in the Future of a multipolar world.

regards

Hello Forum,

i would like to develop and release a patented Cryptocurrency row  linked to its own Asset Managment Company  that will be backed in its value and reliablity by the Assetportfolio of that Company, since it is very unlikely that Cryptocurrencies will unify and they will not disapear. For this i need skilled people that want to do something and want to have a socialeconomic impact on their Cities Communities, as Co-Founders and Developers, and earn money this way, without releasing another scammcoin IT-System into the world. that is nothing but some warm air. (see https://coinmarketcap.com/all/views/all/)

so we want to design a Backed Tether Coin row! that will be stable and reliable similar like the Groups Duality and Tether already do. Since these two groups arent willing or able to grow and to expand to offer their products somwhere else, i think that a New Group with Backed Cryptocurrency can be successful, especially a more growth oriented one.

Since this will not just be an anynomous unbacked coin like Bitcoin, it is necessary to also develop a formal official company with it. This Includes regular IAS Accounting publications and etc. but that makes the Currency reliable at all! You can observe a similar endproduct on https://duality.solutions/

the rewards are therefore much higher than trading with coins or releasing more anonymous scamcoins (now there are already more than 842) that no one knows what they are good for.
and the rewards will be much less speculative.

short about me
I am 32 Years old and from Germany

The Project needs most importantly in the beginning:


1. Blockchain Developer
2. Web Developer

Later

Business Strategists
Social Media Marketeers,
Customer Support
Hosting and Systems Analysts
Accounting and Website Administration, Asset Managment


and more

this will not just be an Internet Project, the Corporation should later be decentral and shape its environment. I think a 95% Currency Backing in the interest of the tokenowners is successfully achievable.

The Current global economic environment looks quite welcoming for longtermprojects like this one. Where Central Banks like in China or USA have widespread Impact there is a Lack of alternative Culture furthermore there is an upcoming decentralisation of the financial system there, where Central Banks are not effective enough like in India there is a lack of employment opportunities, there hard and reliably valuestorage systems are needed. If this Projects Develops itself well it will pay off good, and gives you a Chance to not just shape your environement in the Digital sphere but also your social one. In Europe u have a dysfunctional Banking system that benefits only an established group owning lots of hard assets.

The mining rewards should be arround 1% the backed ammount issued at the begining that should be sustainable for a hard Cryptocurrency pointing out that arround 95% of the collected alien Liquidity will be Invested into a Currency Backing Portfolio backing and serving the Currencytoken Owners. That will make the Currency reliable and valuable. beeing not just a currency token but also in a way a stok and a share.

So if there is Interest and available Skill in this forum just write me a PN and you will be added to the workgroup for this project

regards

Kingscopio