Xenia Coin digital token (XEN) is an asset-based cryptocurrency that has been purpose-designed to provide a secure and conveniently accessible gateway to crypto investments. Being asset-based, the coin guarantees stability against volatility, illiquidity and correlation between the values of cryptocurrencies. The currency is not susceptible to volatile fluctuations of the crypto markets. Six38ppn platform allows for the diversification of an investor’s portfolio to a great extent. Xenia Coin is the primary token to be used on the platform, www.six38ppn.com. The platform extends liquidity and stringency of assets, all the while reducing transaction costs.
Six38Peer2Peer Network is an independent venture capital platform for crowdfunding by the aspiring African entrepreneurs who are in need of the funds to expand the existing projects or run the new ones. The platform integrates 09 types of functionalities that include a digital lending platform, a reach-out cooperative, mining, real estate, petroleum product trade, and a peer-to-peer remittance service mobile application.
Value proposition for XEN token holders
Xenia Coin is based on Ethereum blockchain that integrates ERC20 standard compliant smart contracts. The ETH token protocol is intended for use on Six38Peer2Peer Network as the major exchange currency. It provides value proposition to the token holders that is second to none. Xenia Coin wallet will enable easy access to holdings and allow access to a coin exchange that provides higher level of liquidity than the currently available in crypto market ecosystems. Xenia Coin digital token enables the investors with little or no crypto experience to benefit from the world of crypto markets. Xenia developers are working on the projects that will provide easy access to their investments to Xenia coin digital token holders. These include Xenia Card, ATM and Six38 reach out cooperative.
There are certain risks associated with cryptocurrency investments. So, one needs to conduct due diligence and factor out the risks properly before investing in crypto markets. Like, the potential investors have to struggle with volatility when they try to tap into the immense potential that altcoins offer them. Volatile market fluctuations also keep some investors from investing in crypto assets.
Addressing illiquidity issue of cryptocurrencies
The process of withdrawing gains from trading platforms or converting them to fiat seems complicated, especially for newcomers to the trade. At times, the service can be unavailable, or conversion process between the platforms can take several days to complete. As cryptocurrencies experience high price volatility , the slow conversion process can cost dearly to a crypto trader. The Bid/Ask spread of cryptocurrencies makes it literally impossible to sell any of the assets quickly without illiquidity affecting them. This illiquidity leads the cryptocurrency lose value as the markets face major fluctuations.
Addressing the problem of correlation
Another risk associated with cryptocurrencies is the high correlation between their values. Most of the crypto assets follow the price fluctuation of Bitcoin, as they share similar characteristics and risks. XEN is designed to break this positive correlation as it is asset based and comparatively more stable. Xenia Coin digital token is also not likely to face illiquidity challenges associated with some cryptocurrencies as it is backed by the judiciously selected portfolio of assets. The retaining value of these assets supports stability of the coin through the process of conversion to fiat. Moreover, Xenia coin and other cryptocurrencies could be converted into cash, granting immediate access to fiat money.
Considering the long-term use of Xenia Coin basket, the project developers have proportionately selected assets to reduce risks related to cryptocurrencies, based on strategic asset allocation.
Participate in XEN token ICO
Xenia Coin ICO is currently live and one can participate in to leverage the key benefits offered by Xenia coin digital token. During the main ICO, 25% or 50,000,000 tokens will be released to the public. 90% of all raised funds will be used to fund assets and sponsor investments, while 10% funds will be set aside for the cost of ICO.
Funds raised by Xenia Coin ICO will be diversified between the projects powered by Six38ppn platform. A part of it will be used to provide liquidity to Six38ppn coin exchange platform that requires a reserve for Xenia prepaid card for use all over Africa and beyond.