xCrypt (XCT) IEO Review
June 3, 2019 - June 17, 2019
Sale Type: IEO
IEO Exchange: IDAX, BitForex
Short Description: Hybrid centralized and decentralized trading platform
Category: Tokens Cryptocurrency
Total Token Supply: 200,000,000
Tokens Available: 60%
- Provides reliable, high-throughput, real-time trading experience
- Hybrid type semi-distributed exchange
- Team has strong advisory, could use more relevant c-suite experience
xCrypt (XCT) is a platform that combines both centralized and decentralized exchange trading experiences.
XCrypt aims to make the world of cryptocurrency trading a bit bigger through the inclusion of ERC20/ERC721 capabilities, securities trading, debit card access, social media and more, while minimizing the fees customary of traditional exchange platforms.
Improves on the status quo of crypto trading with hybrid platform
Currently, crypto markets are lacking in liquidity. Overall liquidity has been improved by the appearance and growth of exchanges, but not nearly enough, according to the xCrypt team. Exchanges are also notoriously susceptible to attacks from hackers and other vulnerabilities.
The xCrypt hybrid platform aims to not only increase liquidity, but also provide more full functionality, by allowing individuals and institutions to participate more efficiently. The exchange platform will support all top 100 cryptocurrencies and many fiat currencies and promises to be more user-friendly, faster and stronger than existing exchange platforms.
Team has strong advisory, could use more relevant experience
While the xCrypt team has a solid lineup of advisors, it would benefit from more relevant, verifiable experience among team executives.
$XCT Token Sale Model and Details
There will only be 200,000,000 XCT tokens.
- Soft cap: 3,500,000 USD
- Hard cap: 7,000,000 USD
- Bonuses: 50% pre-ICO, 30% stage 1, 20% stage 2, 10% stage 3, no bonus stage 4
The $XCT Token is a utility token standard ERC20. $XCT is needed to purchase prime membership as well as participate in partner ICOs and receive bonuses. Tokens are also needed to pay the exchange's DEX system fees and debit card fees.