The introduction of blockchain – smart contracts has enabled a variety of developers to come up with their own label of cryptocurrency. This actually has opened the floodgates for many new business players, who are looking forward to introducing their own Initial Coin Offering (ICO), i.e. crowdfunding/public funding. Initial Coin Offerings have already been abuzz with technology and entrepreneurship for a great deal of time.
On one hand, ICO makes a quick and lucrative means to encourage crowdfunding; while, on the other hand, almost all governments are calling it off, considering a market bubble. However, the developers and happy users have always kept denying such charges. To speak the truth, the market is actually witnessing some record-breaking ICO collection and one of them is Xenia. Unlike conventional business loans, Initial Coin Offerings don’t require you to pay for schedules and interests, thus allowing you some breathing room to continue working your project.
Despite everything seeming so normal, there is still a thing a beginner ICO investor must look for before shelling out such of a big amount – whether the ICO is worth the investment or not! Well, to get a line with best and current ICO, understanding some basic factors is the key. Instances of Xenia ICO will be icing on the cake.
Know the team behind the company
For crypto industry to be still a budding industry, blockchain companies are managed by a group of limited members and they include CEOs, developers and advisors. Knowing their ins and out won’t be much difficult as they are the only front-desk/back-desk operators of the entire project.
To mention Xenia token sale, Xenia is a brainchild of a few blockchain specialists including Idara McSamuel, Michael Arbach, MB Tshanangu and a certain more with similar experience, skills and talent.
Lately, there have been many reports on ‘Remarkable ICOs vanish after drawing full money from public.’ You sure will not want something like that to happen in your case. Therefore, cross-verifying the team working behind is essential.
Keep an eye out for disruptive solutions
As far as idea behind a startup is concerned, many hold the same, i.e. serving unique and valuable goods and services. However, your target must be something more than just this. For example, helping the community use and experience something absolutely new, revolutionary and latest in the line!
Investing in ICO may seem to be an easy way to agree to starting up your own company, but make sure the prospective ICO is offering you market disruptive solutions, such as blockchain enabled transaction platforms. Speaking of this, let’s see how Xenia is competing amidst all the fuss – Xenia is coming up with a comprehensive blockchain project as in Six38PPN. This is a true smart contract enabled platform for doing all sorts of financial dealings including currency conversion and inshore/offshore transfers in an absolute decentralized manner.
Many are not aware of the advantages a decentralized platform might bring on. Transferring money overseas is still a lengthy process through central market giants such as high street banks of your country. It does not only take time, but a great deal of commission, plus peace of mind. Blockchain has disrupted the conventional system of financial dealings by removing third party involvement, transfer limit, lengthy procedural steps and of course commissions. Besides, Xenia’s SIX38peer2peer Network is itself a multi-layered platform as it is featured with more sub-platforms such as Teller App, Crypto Mall, ATM with Prepaid Card, Lending Platform, Lottery Pool, etc. Once invested, you become integral member, plus a partner in profits of each platform.
Now that you know the idea behind Xenia Token sale, how it is helpful for all people from around the world – Xenia does not claim to change the entire market scenario of all industry verticals. Since the project is still on its initiative mode, it’s target markets are taxi owners; professional investors, cryptocurrency holders and common public with requirement for overseas transactions. Thus, this is exactly how Xenia, a disruptive ICO concept, is making a great choice.
Know that token allocation, fund usage and risk associated
Blockchain industry is still running on the edge of crumbling down, not by the hackers, but by the government which, on the other hand, could be a great chance for potential hackers to stain the industry. This is why, there are some basic technology to integrate into the entire ecosystem, one of which is ESCROW. ESCROW helps reduce customers’ risks of licensing their assets and also help ensure that the business will be in continuity. ESCROW also helps mitigate the supply chain risk.
Xenia’s SEX38PPN has been designed on ESCROW technology, which makes it sustainable, safe and good to go with.
Now, why token allocation matters is because tokens are what power the entire initial coin offering program. In case of Xenia, Xeniacoin is powering Xenia ICO. For initiating the program, the founders have to issue a sum total of respective digital tokens, of which some percentage will go into public funding, some will be supporting the products’ launch, whereas some will be kept aside for project budgeting. You need to crosscheck if the prospective ICO has shared a considerable amount tokens for a valuable return.
Xenia has quite a clear picture of its token allocation – Out of total 200,000,000 supplied tokens, 25% is decided to go into ICO, whereas 7.5% for project budgeting and 67.5% for products.
Now that you have a clear view to each distant angle of ‘which ICO should you invest in,’ don’t you think Xenia is as well giving a tough competition?