Many of us might not know but “smaller countries” ( the ones that have populations of less than 1.5 million citizens) account for more than 25% of all World Bank members. However, when it comes to sourcing financial help, these countries are often the ones that are most restricted due to various sanctions being placed on them. Simply put, smaller countries such as the ones located within the Caribbean belt are effectively shut off from global financing opportunities.
This is where Xentavo comes in. it can be thought of as a “White Label blockchain framework” that has been created exclusively for the creation of sovereign digital solutions that allow for smaller countries to cash in on the crypto boom that is being experienced all across the globe.
More About the Xentavo Platform
When looked at from a technical viewpoint, we can see that Xentavo comes packed with a highly promising design and digital framework. For starters, it makes use of a customized distributed-ledger-technology (DLT) that has been designed to be remotely accessible by the Central Banks of smaller countries.
Key features include:
(i) Modular Digital System:
This is a ‘pragmatic blockchain solution’ that essentially allows for the technology to be scaled up or down, as the need arises. The modular design also allows for the incorporation of ‘subsidy protocols’ that allow for improved usability.
(ii) Independent Governance System:
The Xentavo platform will make use of a native “bespoke token” that will be used for all internal governance purposes. However, this currency will not be available for trade on different public cryptocurrency exchanges.
(iii) Ease of Use:
The platform comes fully loaded with features such as:
- Instant deposit/ withdrawals,
- Large scale monetary transfers
- Crypto exchange
Through the utilization of “industry level encryption measures”, this platform is able to provide customers with a good level of security and privacy.
Other Important Details to Bear in Mind
(i) DLT Based Digital Currency:
One of the main aspects of this system is that it allows citizens of small nations to perform peer-to-peer transactions without the use of a correspondent bank. This not only increases financial flexibility for customers, but also allows for lowered conversion and transaction fees.
(ii) Inflation Resistant:
As per the official company whitepaper, Xentavo is looking to create a wide array of sovereign digital solutions to address key issues related to
- Rising Interest rates
- Low exchange rates
- Inflation, trade
- Prevention of money laundering
(iii) Community Interaction:
Another overlooked aspect of Xentavo is that it is currently negotiating with various universities, education centres to come up with several road maps to tackle economic problems being faced by smaller nations across the planet (via the implementation of crypto technologies).
One of the biggest advantages of using this platform is that it will allow citizens to hold governments responsible in case there are any shortcomings observed financially. Though its decentralized design, any money that enters the system will be fully accounted for at all times.
(v) Fraud Elimination:
Owing to the fact that Xentavo is based entirely within the blockchain, any chances of money laundering or frauds happening can be greatly minimized.
Xentavo XEN ICO Token Details
As is clear by now, all internal transactions will be facilitated through the use of XEN tokens.In all, there will be a total of 235,000,000 that will be released to the public for purchase. From a pricing standpoint, we can see that 1ETH = 7500 coins.
The private token sale is set to commence on the 1st of march and go on till the 31s. However, the crowdsale will begin on the 1st of April and close on the 31st of May.
Xentavo XEN ICO Token Allocation:
- 55% of the entire currency pool will be made available to prospective buyers during the aforementioned sale periods.
- 15% will be used by the advisors and core team members.
- The remaining 30% will be used to dole out incentives to company staff.
- 30% of the entire raised revenue will be used for further Research and Development of the platform.
- 46% will be used to cover for admin costs, as well as payment of salaries.
- The remaining 24% will be split between marketing expenses, legal fees and the creation of a contingency fund.
For any other clarifications, users can email company representatives directly.