X-CHANGE - The Initial Basics

X-CHANGE was first thought of several months ago and in fact, Borz had been trying to figure out a way to create a decentralized exchange long before XBY but was always stuck with the issue of liquidity. Where was it to come from?

All exchanges have a top authority (usually the owner or owners) that more or less finance the project, allowing the exchanges to occur with liquidity so that the flow of money does not end up in a debt situation.

The topic came up a couple times as Borz and I were discussing other aspects of the XTRABYTES project and then one day it clicked when we were in the early stages of XFUEL discussion: STATIC Owners make deposits of the "traded coins" that will be on X-CHANGE which creates liquidity and they get paid a percentage of transactions that is indirect proportion to their deposit in relation to overall deposits.

Problem solved!

 

Not at this point. The fact that we are using a different technology and totally different blockchain (when X-CHANGE is live) means that other tech will need to have a module to connect. So, there are some development tasks involved before this can happen. However, one of the major long term plans is that the XTRABYTES platform will have an easy drag and drop coin creation system that will offer projects the freedom to focus on business projects, rather than coin tech. We believe this will create some much better trading opportunities and these coins will have their trading home at X-CHANGE, provided they garner enough support from the STATIC community as a result of developing a solid and attractive project.

 

We have a system coming that we believe will be much better and as for coins making themselves different, this will not be about the coin tech, it will be about what the project offers.

We believe that our coin tech will be perfect and the only thing an entrepreneur will need to do is plug into our system with their business ideas and they will quickly have a project available that people can choose to invest in.

 

The way we prevent this is that the STATIC owners are the ones who will choose to support a project or not. Without the support of the STATIC owners, a project will not get any traction and without at least 1, it will not even exist. One of the key things we are doing here is creating a new system that prevents shitcoins having access to the crypto community, which puts peoples finances at risk. There will be much more about this later.

Just keep in mind how XBY started. There is a big incentive for both Borzalom and myself (along with many others) who got sick of the scammers and did something about it. We will not fall back and offer the same scam potential with our project.