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Exchange Union

Exchange Union Chain provides the full interconnection among digital currency exchanges through blockchain technique to realize investors' cross-exchange trading, cross-exchange clearing, deposit and withdrawal among different digital currencies and assets.

Rating: 3.2

Official contacts
Location: N/A
Web-resources:   Whitepaper Website
Social networks: N/A
Product source tracking: N/A
Details Description Risks Full analysis Team

Detailed review

Stage of product development
There is no ready-made version of the product


Token description
ICO date
07.08.2017 - 31.08.2017
Token price
N/A
Platform
Ethereum
Blockchain
ERC20
Token distribution date
31.08.2017
Consensus method
N/A
Escrow
N/A
ICO currencies
ETH , BTC
Bounty camping
Total Bounty Budget: 1,00,000 XUC Tokens Total Bounty Budget will be allocated along all bounties as follows: Social Media campaign: 20% Blog/Media Campaign: 15% Translation Campaign: 15% Signature Campaign: 30% Slack/Telegram Campaign: 5% Other bounties: 15%
Markets
N/A
Token functions
XUC can be accepted by majority of exchanges and used as clearing intermediary; relatively large discounts of trading fees within exchanges; value increase brought by deals on credit and margin trading.
Tokens distribution
Technique Development (36.0%)
Strategic investments (35.0%)
Operation (13.0%)
Marketing (10.0%)
Launching Fees (6.0%)
Risks
MARKET

The market is highly consolidated (more than 95% is allocate on 25 crypto-exchanges). There are no confirmed cooperation agreements with the largest crypto-exchange exchanges. In companies white paper there are completely lack elements of go to market strategy.

PRODUCT

The prototype of the product is not presented. The development dynamics can not be tracked using medium or github. There is no road map for product development. There is no interest from the major exchanges regarding the implementation of the inter-exchange interface based on XUC (the first agreements are scheduled for signing December 2017).

BUSINESS MODEL

The white paper does not include escrow details. The company does not provide information on how the company's expenses will be paid through the collected funds and how the process of converting crypto-currency into fiat money will be controlled if necessary. There are no mechanisms to control the mis-spending means and mechanisms of guarantees for the investor.

FINANCES

The mechanism for ensuring profitability for the holders of the tokens is not described. The team promises the release of the token to the exchange 2 months after ico, while there is no indication of specific agreements with specific exchanges • The company does not provide any financial forecasts. The volume of funds raised Exceeds the values ​​for venture projects of analogs 2-3 times (average size of Round A in the category).

TEAM

Given the presence in the team, Mikael Wang (chief technology officer of BTCC) does not foresee any difficulties in implementing the technological Road Map. At the same time, the team lacks participants with significant experience in building and scaling the business (James Wo is a former partner of the small Huiyin Blockchain venture venture market Data LinkedIn also has no significant experience in building and developing business).

Full analysis
Market

By 26 June 2017, 941 kinds of digital currencies were recorded on Coinmarketcap and the total market capitalization exceeded $100 billion, which is 50 times larger than 5 years ago. Since 2017, growth rates of market capitalization and volume traded for the top 20 cryptocurrencies has been 383% and 985% respectively. The secondary market has witnessed the growth in value of digital currencies. There are around 98 digital currency exchanges and tens of millions of active investors worldwide. According to Coinmarketcap, 24h trading volume was over $4 billion on 26 June 2017. Currently, East Asia, North America and Europe are the biggest markets of crypto currencies. The percentage of trading volume for the three markets is about 63%, 25% and 11% respectively.

Product

Bridge digital currency exchanges around the world and realize investors’ cross-exchange trading, cross-exchange clearing, deposits and withdrawals among different digital currencies and assets. Improve trading efficiency and performance of exchanges and realize the market-oriented distribution of digital currencies’ liquidity and best price offers.

Business model

The choice of the mechanism for raising funds through the ICO is justified by the need to use the inter-exchange token Exchange Union Coin [XUC] as the main element of the implementation of the business model.

Finances

Total XUC supply: 3,000,000,000. XUC price: 1 BTC= 4,600 XUC, 1ETH = 380 XUC (these prices are indicative and will be fixed at crowdsale). The ICO will start on the 7th of August 2017, and will close on the 31st of August 2017. If the subscription amount exceeds 400,000,000 XUC before the closing date, it will be extended for a further 24 hours with a ceiling of 600,000,000 XUC. If the subscription amount goes below 100,000,000 XUC, the company will regard the crowdsale as a failure and return corresponding BTC/ETH to all subscribers of this particular ICO.

Team

Given the presence in the team, Mikael Wang (chief technology officer of BTCC) does not foresee any difficulties in implementing the technological Road Map. At the same time, the team lacks participants with significant experience in building and scaling the business (James Wo is a former partner of the small Huiyin Blockchain venture venture market Data LinkedIN also has no significant experience in building and developing business)

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