We are happy to present to you the first quarterly summary for the development of the EXCC project. This report contains not only the information about the project status and plans for the coming months, but it also includes the information about changes in the value of EXCC coin.
You probably are not used to receiving such summaries in reference to cryptocurrencies. As we mentioned in the post which shows you the assumptions of our business and marketing strategy, we believe in transparency. And what’s more, we promised you (our investors) that we will maintain open communication in line with the regulations and professional standards that apply to the traditional stock exchanges and listed companies. So we are fulfilling this promise 🙂
We hope you find the information in this document useful, and it will help you to have a better understanding of what we aim to achieve with this project, and what we are doing to fulfill our goals.
Q2 Activities Summary
The second quarter of 2018 has been positively eventful and important to the advancement of our project and product development. If you follow our Twitter page or blog, then you already know this information, but for others who don’t, we decided to list the main accomplishments in the summary table below.
Our comment:
As you will observe, the intensity of activities increased. There are a couple of reasons for this situation:
- we finished the work on the strategy, so we can finally start to deliver all of the planned activities,
- we are intensively working on products so that we can share with you the first visible results,
- we improve our efforts by joining forces with external teams.
EXCC — Coin price
We are putting a lot of effort to achieve an increase in the coin price. The price fluctuations were quite significant within this period.
The highest price (AVG EXCCUSD): $ 0,299
The lowest price (AVG EXCCUSD): $ 0,0170
The lowest and the highest price of the coin diverse by $ 0,282.
The price on April 1st (AVG EXCCUSD): $ 0,0279
The price on June 30th (AVG EXCCUSD): $ 0,0420
The price on the very last day was more than 1,5 higher than on the very first day.
Additional metrics (source coinlib.io):
ATH: $ 0.312
Max drawdown: -92.75%
Winning days: 50.33%
ROI 3mo: 54.10%; 6mo: -19.47%
Volatility 3mo: 458.15%; 6mo: 404.53%; 12mo: 410.15%
Sharpe Ratio 3mo: 2.56; 6mo: -0.29; 12mo: 0.78
Our comment:
If you study the metrics — there is a positive change that is clearly visible. Not only is the price growing, but also the ROI for 3 months, as well as volatility and Sharpe ratio, are showing a promising trend.
The highest price peak falls on the period we announced the new excc.co website, containing the updated roadmap, the announcement of the new product, and the updated information about our coin. We also published the basics of our business and marketing strategy. The increase was preceded by 2 weeks of regular announcements and intensive marketing activities. Furthermore, we needed to decrease the level of activity since we were still working on the security side of our project. Soon you will be able to observe a similar trend through our commitment to intensive communication, as we have a couple of important announcements to share.
Q3 Plans
At the beginning of June, we shared the updated roadmap via our new excc.co website. There are product related plans to be delivered in the next quarter. Our plans for Q3 2018:
- Mining and staking pool publishing
- Launching the decentralised cryptocurrency exchange development
- Beta-testing the new product
- Adding more source coins to exchange at Xchange.me, connecting new exchanges
Beyond that we also plan to:
- Announce the new product
- Introduce our team members to you
- Start a bounty campaign for the Korean market
- Announce our main IT partnership
- Finish the POW + POS hybrid implementation
- Publish the new web wallet –Exilibrium
Our comment:
We have already opened the door to our secret, and you know we have a big announcement for you, it will be shared on Monday, July 16th. And more big news coming soon. We believe this quarter will be crucial for the EXCC progress, and finally, you will be able to see the results of the work we have been doing in the past months.
Feedback needed
You have just read the first version of our summary report, and we will be grateful to receive your feedback. Please tell us what you would like to learn from such reports in the future.
Find us on social media:
https://twitter.com/xchange_me_
https://medium.com/@exchangecoin
https://steemit.com/@exchangecoin
https://twitter.com/EXCC_Team
https://t.me/cryptoxchangernet
https://www.youtube.com/channel/UCBws9hxnSXYv3NbxuHLuexg