Revolutionizing Cryptocurrency
Since its inception in 2009, Bitcoin (BTC) has faced skepticism, particularly because it lacks a tangible backing. Critics maintained this skepticism even after the U.S. abandoned the gold standard, which raises the question: Is it really that novel to hold an asset with no intrinsic value? A lot of risk-averse investors won’t touch cryptocurrencies with a ten-foot pole, leading them to prefer the comfort of traditional fiat currencies even if they are equally backed by nothing more than faith.
Searching for Stability Amidst Volatility
Despite their reputation for volatility, cryptocurrencies bring some advantages that traditional fiat currencies can’t touch—transparency, decentralization, and quicker transaction times. So, where do you go when you want both stability and cryptocurrency? Enter the superhero of the digital asset world: Ixinium’s XXA. This asset is snugly wrapped in a security blanket of physical backing and catastrophic event protection, promising its users a bit more peace of mind.
It’s Not Just Hot Air—There’s Metal Behind It
In essence, the XXA is to cryptocurrency what your grandmother’s quilt is to your living room: it provides warmth and assurance. Ixinium has secured its holdings in precious metals, each insured with total replacement value provided by custodian service providers. They even kicked off a metal purchasing program in 2020 that’s still going strong. Imagine being able to say, “My currency is literally backed by gold!”—talk about bling for your bucks!
Innovating with Stellar (XLM)
Now let’s dive into the techno-pearl of this operation: the Stellar network. The XXA cryptocurrency harnesses the features of Stellar to potentially offer better value than traditional safe-haven assets like gold. Ixinium is not merely sitting back; they are already live-testing their XXA buyback function, which is a fancy way of saying they’re trying to increase the token’s value while making it even scarcer. Never underestimate the power of scarcity—just ask any collector!
Scarcity and the XXA Burn Schedule
Recently, Ixinium made waves by announcing their intention to burn half of the issued XXAs. By the end of 2022, the total supply will shrink from 540 million to an impressive 270 million. Yes, you heard that right—half of their cache going up in flames! A self-inflicted hold on supply can only mean one thing: a boosted scarcity that, coupled with a buyback strategy, is set to increase demand. So, unless you have an unquenchable desire to live in a world where scarcity doesn’t drive up a token’s value, this is a noteworthy move!
Making Payments a Walk in the Park
The beauty of Ixinium also lies in its commitment to making mobile payments as easy as pie—if pie were an instant transfer. Who hasn’t moaned about transaction fees, right? Ixinium’s team highlighted everything wrong with traditional payment platforms, and what did they do? They took a different route—using Stellar’s platform to offer quicker and cheaper transactions. With the potential for over 20 million transactions at a cost less than $100 and a lightning-fast transaction speed of just 2-5 seconds, it seems like a no-brainer.
+ There are no comments
Add yours