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.
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.
Project details
Incorporation status
Exchange Union Ltd - 2017
Stage
There is no ready-made version of the product
Token description
ICO date:
07.08.2017 - 31.08.2017
Platform:
Ethereum
Role of token:
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.
Token price:
XUC price: 1 BTC= 4,600 XUC, 1ETH = 380 XUC (these prices are indicative and will be fixed at crowdsale).
Sum of tokens:
3 000 000 000 for the amount of 53 000 000$
Blockchain:
ERC20
Consensus
method:
N/A
Escrow agent:
N/A
Accepted currencies ICO:
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%
Token distribution date
No data
Markets
TBD
Token distribution:
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Investment attractiveness
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.
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)
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.
Finance
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.