XandraCoin XDC ICO: Fast Cryptocurrency Lending Blockchain?
XandraCoin aims to be an ultra-fast, decentralized digital currency. Find out how XandraCoin works today in our review.
What is XandraCoin XDC?
XandraCoin, or XDC, describes itself as “a decentralized multipurpose peer-to-peer digital currency based no blockchain technology.”
Of course, most digital currencies match that description. What makes XandraCoin different?
XandraCoin was created, according to the official website, “with the aim of solving the general problems associated with traditional methods of currency exchange.” The coin can be used “as a store of value” while acting as a “seamless, borderless, and extremely fast [currency] with low transaction fees.”
Again, these are features offered by most digital currencies on the market today.
As you read more about XandraCoin, you’ll quickly realize it’s a scam: the company advertises investment packages that pay users 45% ROI and higher, for example. The company refuses to disclose any team information. Overall, it has all of the signs of being a scam like Bitconnect and similar Ponzi schemes.
Let’s take a closer look at how XandraCoin works to see what makes it unique from other platforms.
How Does XandraCoin Work?
XandraCoin’s official website mentions the following core features of the platform:
Fast and Cheap Transactions:
“Send and receive payments anywhere in the world ultra-fast and cheap”
There’s a total supply of 24 million XandraCoins.
“The origin of the transaction is completely anonymous unless the owner would want to reveal their identity,” explains the XandraCoin website.
XandraCoin tokens are priced at $0.35 during the ICO, but the company claims their price will rise 3000% by March 2018, making them a great investment opportunity.
XandraCoin will pay you a fixed daily return by locking money in a lending program.
XandraCoin will pay you 11% returns per month by leaving your XDC tokens in a staking wallet.
XandraCoin will launch a mining pool in April 2018. The company claims you’ll need to use “special mining equipment” to mine their XDC.
The XandraCoin Token Sale
The pre-ICO for XandraCoins begins on February 11, 2018. You can purchase tokens at a price of $0.35 apiece.
The main ICO will launch on February 14. During the ICO, the price will rise to $0.50 per token, with price rising all the way to $1 per token by the end of the ICO on March 3.
Up above, we mentioned that there’s a total maximum supply of 24 million XDC tokens. However, in other places, the website mentions a maximum supply of 30 million XDC – so it’s unclear how many XDC tokens will really be created.
In any case, 10 million XDC tokens have been pre-mined.
XandraCoin is advertising its tokens as a powerful investment opportunity. In fact, the company is telling investors to expect returns of 3000% and higher, saying things like:
“$100 invested in XandraCoin ICO is expected to reach $3,000 by the end of Q1 2018.”
That’s right, you can multiply your investment 30x over by buying XDC tokens during the ICO. If someone advertises their ICO with returns like this, it’s a 100% sign you’re participating in a scam.
XandraCoin XDC Investment Packages
XandraCoin is advertising all of the following investment packages outside of its ICO:
- $100 to $1000: Earn 45% ROI, money locked for 240 days
- $1001 to $5000: Earn 45% ROI + 0.15% ROI per day, money locked for 180 days
- $5001 to $10,000: Earn 45% ROI + 0.25% ROI per day, money locked for 150 days
- $10,001 to $25,000: Earn 45% ROI + 0.30% ROI per day, money locked for 120 days
- $25,000: Earn 45% ROI + 0.35% ROI per day, money locked for 90 days
Who’s Behind XandraCoin?
Like most cryptocurrency scams, XandraCoin doesn’t list any team information online.
When someone is advertising a “profitable” investment to you online, but refuses to disclose their real identity, it’s a sign you’re probably being scammed.
The company has social media profiles on Twitter and Facebook. Aside from these profiles, the only way to contact XandraCoin is through an email at [email protected]
XandraCoin XDC ICO Conclusion
XandraCoin is yet another cryptocurrency scam based on a Ponzi scheme disguised as a “lending program”. The company promises to pay users 45% ROIs per month and higher. All you need to do is send money to the anonymous company, let them lock your funds for a few months, and they’ll magically turn it into more money. There’s no proof that XandraCoin is lending to anyone.
Overall, there are way too many red flags confirming that XandraCoin is a scam, and there’s no evidence that this is a legitimate business or opportunity.