In XferMoney our main goal is to bring customers from all countries together in one place where they can transfer their money without much hassle. This solution was created because when people send foreign currency abroad, they have to pay high percentages to the banks in order to change the currency of the country where they are located and annually that adds up to a large amount of money they lose by making these transactions. It also benefits foreign workers when they receive pensions or asset payments from their home countries and facilitates regular transactions by small and medium-sized enterprises. Another benefit of being a client of XferMoney is that being a tourist in another country we provide you with the comfort of not having to go to exchange houses, doing it from the comfort of where you are.
This platform is designed to interrupt and replace the traditional way in which we transfer our money, connecting with other people through the platform in different countries to exchange money directly and thus reduce the number of intermediaries, banks or brokers, in addition to the costs associated with them. It is also built with an advanced technology stack based on Blockchain, which is a ledger that is not stored in a single site, but distributed across several, hundreds or even thousands of computers around the world and that anyone on the network can access an updated version, so it is very transparent. Transactions are processed through an automated order matching process using our state-of-the-art engine which seamlessly connects multiple participants from all countries on our platform.
This transfer system is cheaper, since there are no other charges besides the small platform fee, which makes cost transfers closer to zero; faster because instant money transfer takes less than a second. It is also secure and protected because all transactions are executed through a chain of blocks with complete transparency and clients have full control over their funds. It has customer support with live online chat service to provide faster response to all customer inquiries. Unbeatable exchange rates; Easy to use, accessible from anywhere in the world. And its platform is available 24/7, being accessible worldwide.
All customers who have an account with XferMoney will have access to a multi-currency debit card. They can also spend money abroad as local currency with whatever is available in their account. This is mainly for customers who do not have a bank account abroad. Tourists will enjoy the benefits of our multi-currency debit card, as they can convert their money and spend it abroad free of charge. For example, a client in Australia opened an account with XferMoney, deposited the amount in AUD and then converted the amount in AUD to EUR. You can now spend the amount in euros with your XferMoney debit card in countries that accept the euro as their primary currency at no cost.
Liquidity is something that cannot be guaranteed 100% in any market, the P2P (Peer Network) exchange market is no exception. We expect to have 85% liquidity on the XferMoney platform through P2P transactions and plan to manage the rest by integrating the best third party brokerage services available and providing the most competitive rates available in the market.
In order to be able to provide all these services XferMoney will launch the XFM is an ERC 20 token built on the Ethereum network and is used to power its platform. XFM functions as a means of rewarding or being rewarded for participation in the platform and each fund transfer activity has an associated cost specified in XFM. As funds transfer transactions are conducted on the platform, the platform will be rewarded with a commission from the participants involved in the transaction.
The distribution of the XFM will be as follows; The total supply of XFM tokens to be created is 250,000,000,000. All XFM tokens will be generated in a seed block and assigned as shown in the following graphic. The information provided on the creation, processing, allocation and use of the proceeds from the sale of the chips is the current plan, but is subject to change at XferMoney's discretion.
Assignment of tokens
The XferMoney and Founders Team
20% of XFM tokens will be retained by XferMoney and reserved for the team, and founders will continue to upgrade the XferMoney Platform with valuable updates and their use of these tokens will also be time free.
Sale of chips
70% of XFM tokens are allocated to the entire symbolic sale. The sale of chips will take place in two phases. Both phases will have the same number of tiles assigned to each. The second phase will consist of taking place after the release of the beta version of the expansion product.
Marketing campaign
5% of XFM tokens will be allocated to market campaign and brand awareness activities including XferMoney bounty campaign.
Advisors
5% of XFM tokens will be retained by the first collaborators and advisors. Advisors receive chips for the advisory work they will do for XferMoney. These cards cannot be transferred immediately due to temporary restrictions on their use.
RoadMap
✓ Product Roadmap ✓ Idea Incubation ✓ Market Research & Feasibility Analysis ✓ Team formation Q3 2017
✓ Platform Architecture & Design ✓ Whitepaper Release Q4 2017
• XFM Token Offerings, Token Distribution & Exchanges Listing, Brand Awareness, Platform Development, Team Expansion Q1 2018
• Platform Development, Obtain Regional Licenses & Approvals Q2, Q3 2018
• Alpha Release, Basket 1 Currency Pairs Q4 2018
• Beta Launch, Support for BASKET 1 & 2 Currency Pairs Q1 2019
• Multicurrency Debit Card, Platform support for BASKET 3 Currency Pairs Q2, Q3 2019
For more information, please visit the official website https://xfermoney.io/
By Bitcointalk user: dalocoin
Profile: https://bitcointalk.org/index.php?action=profile;u=1875378
Myetherwallet: 0xbbE80B822994Eb7A7F0648E0DD63297c2768A92e
by dalocoin