Fiat money, which is the government-issued currency that isn’t backed by any physical commodity like gold or silver has a risk of losing value due to inflation or even become meritless in the event of hyperinflation. A good example is the African nation of Zimbabwe, which showcased the worst case of hyperinflation in the early 2000s. The country’s central bank, in a bid to respond to significant economic problems, began printing money at a staggering pace. This led to hyperinflation that ran between 230 and 500 billion percent in 2008.
Consumers were forced to carry money in bags due to the abrupt rise in prices of basic commodities. It was shocking as one trillion Zimbabwean dollars were worth just 40 cents United States dollars. This is just one example of problems associated with fiat currency, among many more others.
The crypto market seems to be gaining popularity among people all over the world, and with the monumental rise of cryptocurrencies, there seems to be an influx of people into this market. Despite its popularity, there are major problems that plague the market. These include:
🔗 Price manipulation, where people witness dramatic fall and rise in prices of cryptocurrencies over a short period.
🔗 Pump and Dump ICO Schemes continue to be a complication due to lack of regulation. Entreprenuers behind the tokens speculate largely on the coin, getting the prices up and drawing in investors. After this, they cash out, leaving worthless coins in the hands of the investors.
🔗 There are numerous instances of cybercriminals when it comes to the crypto market.
🔗 Price charting becomes a challenge with the ever-varying prices of cryptocurrencies, which is usually extreme.
🔗 There are delays in transactions due to scalability issues.
IXINIUM SOLUTION.
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Stable coins, financial markets, and banks also face numerous challenges. However, there is a solution to all these issues, one that I am more than excited to review and write on this project. I am talking about Ixinium, a crypto-financial hybrid with a better client asset protection mechanism than any bank in the world.
The user additionally gets value benefits while being insured from full value. Ixinium hopes to offer decentralized and transparent asset-backed cryptocurrency that is insured fully for replacement value. This platform will take transparency on blockchain to a whole new level and minimize price volatility, which has been known to limit cryptocurrency holders’ desires to be used as a tender.
Here are the primary elements of Ixinium XXA.
🔗 Value is 100 percent based on the type of precious physical metal.
🔗 All these precious metals are secured by being vaulted.
🔗 There is a daily public asset account value report.
🔗 There is a quarterly 3rd party public asset account auditing.
🔗 All precious metals are insured 100 percent for replacement value.
🔗 Full value force majeure client protection.
TOKEN AND BLOCKCHAIN.
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Ixinium uses asset feeder token IXAT for movement of physical precious metals value to the digital coin. Ixinium is based on Stellar blockchain, a platform that connects banks, payment systems, and people. Money movement is quick, reliable, and incredibly cheap. A powerful feature of stellar is the ability to trade any asset. When the user trades Ixinium on the network, they aren’t trading physical Ixinium’s but Ixinium cryptocurrency credited from a certain account.
CONCLUSION.
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Ixinium is offering the world an asset-backed growth token combined with a fresh new platform for its implementation, tackling the prevented widespread acceptance of any cryptocurrency. It will enable swift, secure, and economical transfers and transactions for any amount, be it domestically or internationally.
🔗 WEBSITE: https://ixinium.io/
🔗 WHITEPAPER: https://ixinium.io/whitepaper.pdf
🔗 ANN: https://bitcointalk.org/index.php?topic=5160309.0
🔗 FACEBOOK: https://web.facebook.com/ixinium
🔗 TWITTER: https://twitter.com/OIxinium
🔗 MEDIUM: https://medium.com/@ixinium
🔗 TELEGRAM: https://t.me/XXAofficial
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★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to ixinium OFFICIAL WEBSITE
