Equal X Request: ICO Scam Or Real Blockchain Solution?
Equal X Request, found online at XRequest.io, is a new blockchain catered to financial institutions and banks. Find out how it works today in our review.
What is Equal X Request?
= X, also known as “Equals X”, is a private blockchain launching a token sale on February 12, 2018. The blockchain’s official website is XRequest.io, although the blockchain itself is called “= X”.
The goal of the Equal X Request blockchain is to help financial institutions and businesses access the benefits of blockchain technology. It’s an enterprise-grade, institutional-grade enterprise blockchain.
There’s something unusual about the = X blockchain. The website, XRequest.io, features virtually no information about the project – despite the fact that the crowdsale starts in just a few days. But the really weird thing about = X is that the whitepaper is a carbon copy of another enterprise-grade blockchain called Narbonne. Seriously – they just replaced all mentions of “Narbonne” with “= X” without changing anything else.
Now, it’s possible that the Narbonne team rebranded to = X. It’s also possible that the = X team just copied Narbonne’s whitepaper. However, this doesn’t appear to be the case: Narbonne continues to exist today (you can find it at Narbonne.io). It even has its own token called NCC. That token is listed on CoinMarketCap.
Based on all of that, we’re led to assume that XRequest and its = X blockchain have copied Narbonne for malicious reasons. Nevertheless, let’s take a closer look at how it claims to work.
How Does the Equal X Request Blockchain Work?
Details of the = X blockchain can be found in the 10 page XRequest whitepaper. As mentioned above, that whitepaper is identical to Narbonne’s whitepaper. Here are some of the core features emphasized by the Equal X Request blockchain:
High Transaction Speeds:
The XRequest team wants to “redistribute the sidechain’s workload” to enable “high scalability and paralleling blockchains that helps to increase the speed multi-fold.”
Equal X Request claims it will implement a privacy system that meets each county’s banking privacy laws while still offering open and transparent transactions. Like all other aspects of the = X blockchain, this aspect isn’t well explained.
Zero Knowledge Proofs:
The Equal X Request whitepaper calls “zero knowledge proofs” its “Protocol 0” technology, describing it as “standardized modules of widely spread technologies with blockchain technology enable quick extract or addition of technological modules.” This is just complete gibberish.
Equal X Request will supposedly use industry standard programming languages, but fails to name those languages in the XRequest whitepaper. The team vaguely mentions C++, PHP, Java, Pascal, HTML, and Oracle, but it’s unclear how these languages will be used on the platform.
Users can create their own private blockchain based on the = X blockchain architecture.
Who’s Behind the = X Blockchain?
When you spend more than 30 seconds reading the XRequest.io website and whitepaper, you quickly realize this is a blatant ICO scam with no real products, services, or solutions being offered.
So who’s behind the scam?
The company claims they were founded in May 2013. The Equal X Request blockchain platform was introduced in June 2017. Today, the company claims to have “40 finance companies and banks” among its clients.
Strangely enough, the XRequest.io “team” page literally just links to the Narbonne team page – which is the project that XRequest appears to have copied to launch their ICO scam. = X claims Narbonne’s team is leading development of = X. Team members include Maxim Elsner (CEO) and Garcia Y. Maria (COO). As far as we can tell, these individuals have no connection to = X whatsoever.
The Equal X Request Token Sale
The = X blockchain token pre-sale will begin on February 12, 2018. The tokens, as with other parts of the = X blockchain, have no apparent purpose: this is just a scam to steal your money.
In any case, no further details about the token sale are available online – despite the fact that the token sale is launching in just a few days.
Equal X Request Conclusion
Equal X Request, also known as “EqualX”, “Equals X”, or “= X”, appears to be an ICO scam. The company has launched a tiny website online along with a 10 page whitepaper. That whitepaper is an identical copy of the Narbonne (Narbonne.io) whitepaper – despite the fact that Narbonne has not rebranded to = X in any way.
Ultimately, there’s a total lack of information about = X and its goals available online. Based on everything we can see, however, this appears to be a blatant ICO scam.