Thanks for sharing yet another analysis! Xtrade is trying to raise quite some capital I see for those 50% of tokens. Not sure if they need that much, unless they want to spend it on marketing, which according to their website is only 5%. Not sure why they need 65% of the money for the SPA. Anyways, I haven't really looked into it much further.

Can I make a suggestion for your future posts? It can be interesting to include a list of projects that are focusing on solving the same problem (or at least when they have a big overlap, because everybody says they're different of course). This would definitely valuable to me and probably some other readers as well :-)