XCrypt is the first crypto ecosystem with an high added value with the heart in its exchange: hybrid, ready for securities and for a marketplace made for the ERC721. The platform is aspiring to be at the forefront of the fintech revolution by combining traditional world of finance with the vast array of innovations made possible by blockchain technology.
The exchange is gearing up for its highly anticipated token sale on the 24th of May. For the token sale, the xCrypt team decided to take the Initial Exchange Offering route in collaboration with IDAX.
XCrypt Hybrid Exchange
XCrypt is a hybrid, semi-decentralized exchange that provides a trustless, real-time, high – throughput trading experience in conjunction with a blockchain based settlement. By centrally managing trade matching and Ethereum transaction dispatch, xCrypt enables the users to trade continuously without waiting for transactions to mine, fill multiple orders at once, and cancel orders immediately without gas costs.
The platform has ensured legal compliance which allows for the listing of a large variety of tokens, including securities, security token offerings (STOs) and ERC-20 and ERC-721 tokens. The much awaited STO marketplace is all set to go live around the fourth quarter of 2019. Additionally, xCrypt will also support a decentralized marketplace for crypto assets, which can be either be based on the top of Ethereum blockchain or other blockchains that allow for assets to be built on top of it.
Details of XCrypt IEO
Right now, the xCrypt token sale is in its private stage and once the private sale ends on 24th of May, the token will be publicly for sale in the xCrypt Initial Exchange Offering (IEO) on IDAX. In total, there are 200 million XCT tokens out of which 120 million (60%) will be sold during the token sale. The XCT tokens will act as the fuel of the xCrypt ecosystem and have various utilities on the platform, including membership payments, participation in xCrypt-based ICOs, payment for debit card fees, payment for the fees of both the centralized and decentralized exchange etc.