It is not surprising that the world is now reigns a kind of confusion regarding cryptocurrency. Every day we hear the statements of different experts that digital assets will grow to the skies, while others shout that they will not. Similar statements many beginners drive in a stupor, what can you do to buy or not to buy the coins and what would happen next. But I would advise you to do the opposite, as smart and wise people do. They are actually far from this flea bustle, because they look deeper at the whole situation as a whole.
As they say, any medal has two sides and it is wrong to look at only one of them. Therefore, it is necessary to take into account both the positive aspects of the development of modern technology and its shortcomings. After all, you agree, you can not solve the problem until you identify and understand how to solve this very problem. This method is applicable to absolutely any industry and sphere of our life, just as well as to cryptocurrencies.
But despite the popularity of the use of crypto-payments, there are still a lot of unresolved issues that prevent this direction from developing in many economic directions. Therefore, today we will talk about a new solution that seeks to apply these technologies to the development of African countries as efficiently as possible. Why there? You'll find out later.
About the project
The project whose idea I would like to reveal to you today is called - XendBit. This project is a universal decentralized blockchain platform that will provide a range of financial services to the African population.
At the same time, XendBit is able to perform not only the classic functions of both transfer and payments, and exchange services, allowing its users to trade any digital assets securely and securely. In addition to all this, XendBit is ready to offer its wallet with the help of which users will also be able to transfer and exchange some crypto-currencies to others.
Why Africa?
I think many of you, this question is certainly slipped in the head, so I suggest a little deeper to consider it. First, at the moment in Africa, the development of cryptographic space is in full swing. A huge number of start-up projects are being created and developed, which are aimed at the development of the relevant crypto-currency industry, which are ready to offer all local entrepreneurs reliable and favorable conditions for interaction. Secondly, in Africa, the population may not be well developed in terms of the banking system, since in many regions there are simply no Bank branches and the population does not have any Bank accounts, let alone any Bank cards. At the same time in Africa there is an unprecedented boom of smartphones, there are more than 220 million subscribers across the African continent. And, thirdly, many global financial players invest in Africa, which place on their territories not only their businesses and enterprises, but also actively invest in the extraction of minerals and other raw materials assets.
Thus, it should be a small conclusion that Africa is now a very interesting and very promising ground for the development of the blockchain industry, namely the development of cryptocurrency payments, bypassing the numerous problems associated with the transfer of funds from one person to another. Moreover, the development and mass adoption of cryptocurrencies will allow many African States to fight uncontrolled inflation, inspired by a vivid example of successful implementation of cryptocurrencies at the national level with the help of M-Pesa. This cryptocurrency has proved not only its effectiveness, but also made a revolutionary breakthrough in mobile technologies.
Features and benefits of XendBit
Based on international experience, the development team has clearly defined the areas of its development, what they need to work to produce such a furor, but only in the African region. Therefore, the main purpose of XendBit is not only decentralized crypto-exchanges, but also secure, transparent payments and transfers, as well as open and accessible financial management through dApps application.
Another striking feature of XendBit is its method of providing humanitarian aid. If the user previously made a transfer through the international financial system, thanks to XendBit he can do it directly. Thus deprive yourself of unnecessary Commission costs, as well as unnecessary questions and doubts about what will be spent the money. With XendBit everything will be much easier and clearer, because thanks to the transparent structure of the blockchain technology, the user will be able to choose the recipient who needs help, transfer the desired amount to him and see where these donated funds will go. This method provides an ideal method of interaction between users who need support, while excluding any corrupt moments and acts of theft of charitable funds.
However, the XendBit team does not intend to rest on its laurels and is ready to offer, in addition to classic financial services, access to other economic segments of the market. For example, high-level investors will be able to purchase both public and private shares and bonds within XendBit. Various raw patents, confirm their trademarks and property rights, while obtaining various kinds of licenses for copyright products (movies/music/books).
The details of the STO
Since XendBit appears before us as a decentralized system, the founders have developed a token – XendToken (XTN) for Its life. This marker will be developed on the basis of blockchain Ethereum standard ERC1404. The total number of coins issued will amount to 200 million units of which part will be allocated for private and private sales, part is blocked for the reserve, the remaining amount will be shared between the founders of the project and its partners. The main goal of the project is to collect Hard Cap for further development of the project, so the set bar is 20 million US dollars.
The distribution of tokens and funds is as follows:
Partners
Conclusion
Given the rapidly developing industry of the African continent and its countries, we can safely say that the blockchain and cryptocurrencies are perceived there positively and openly. Therefore, many blockchain projects intend to meet the demand of the audience and XendBit is no exception. Therefore, the developers gave their best by developing a unique concept that will allow for a single mobile application to carry out a huge range of actions for each individual member of the network. Here everyone will find exactly what he needs and do everything as quickly, safely, transparently and most importantly without any fraud and gray schemes.
This means that there are those who will like XendBit very much and will gladly take part in it. Therefore, I remind you once again that my review is only an introductory procedure and I do not call you to anything. Although called upon, to carefully study and analyze each individual project! To do this, at the bottom of each article you will find a selection of official resources of the project, where you can find all the necessary information. That's it for me today, until next time!
Official resources of the project XendBit:
