TINGYANK NEING YEING: XX Platform

XX Platform

Introduction

XX Platform is a system that combines a multifunctional cabinet with investment elements and a trading service with a set of analytical tools and an asset management program. This is an attempt to rethink the concept of classic hedge funds, implementing it in the form of an automated investment trading platform.

XX Platform is designed for investors who want to find a compromise between reliable placement and high return on investment. Our goal is to create a platform that will be able to minimize risks while maintaining investment attractiveness. The XXP team has established itself ambitious plans to create an independent investment platform that will become a reliable guide for investors in the world of finance.

Launching any fintech startup requires resources: time and money. We understand that the independent development of the XX Platform will take many years till its release. That is why our team decided to raise funds from private investors.

In order not to contradict with our concept of decentralization and libertarianism, we turned down proposals from large investment funds in favor of attracting funds from private investors. The team has decided to issue their own cryptocurrency – XX Platform token (stock ticker: XXP).

The formation system of the XXP token pricing policy is based on its use within the XX Platform as a native token. It is the XXP token that allows to create proper microeconomics inside the platform and ensure the ease and convenience of interaction for all system users. The main objective of the XXP token is the functioning of a virtual accounting unit (equivalent to records in accounting books) to ensure the accounting of funds placed by investors in trust with traders.

To structure and regulate the attracted investment funds, as well as for the sake of fair and transparent distribution of remuneration from the platform, the XX Delegate system of delegated stake distribution has been implemented in XX Platform.

The XX Delegate system consists of Delegates and Stakeholders. This is an effective and democratic mechanism representing a voting system in which small and medium token holders (stakeholders) transfer their “vote” to the elected Delegates. The process of placing user tokens in the Delegate's staking pool is conventionally called a vote transfer.

In terms of the economic model efficiency, the XXP token implements the HALVING mechanism, which the developers have put into the XX Platform cryptocurrency at the software level.

The essence of halving lies in the following: starting from the 4th month after the launch of the network, a gradual decrease in the percentage of reward (staking) is activated, which will constitute -50% of the initial indicators by the end of the year.

Further, over the next 2 years, the percentage of remuneration (staking) will continue to decrease gradually and steadily and, as a result, will decrease by -50% every year.

Starting from the 4th year, halving will be automatically deactivated, until the moment when the emission of cryptocurrency will be completed with the production of 50 million tokens.

In contrast to the above HALVING mechanism, the developers, at the software level, have implemented a deflationary algorithm in the system, called HELIX.

HELIX will be automatically activated by the system in Q1 of 2022, and its activity will be aimed at compensating for the decrease in profitability of XXP token staking. This mechanism is an additional investment tool that will appear in the interface of the user personal account. HELIX got its name because of the coefficient increasing in an upward spiral.

Delegates
The XX Platform implements a system of delegated distribution of bets – XX Delegate.
The system offers 2 Delegate contract options:
Type 1

Commission size
from 1% to 10%

Contract duration
6 months

Automatic renewal
active

Deposit defrost
25% every 6 months

Participation in conferences, meetups
yes

Participation in voting
no
Type 2

Commission size
from 1% to 10%

Contract duration
12 months

Automatic renewal
active

Deposit defrost
33% every 12 months

Participation in conferences, meetups
yes

Participation in voting
yes

In order to create a Delegate account,
it is necessary to “freeze” 10,000 XXP tokens
and register in the user’s personal account.

The Delegate, being the creator of his staking pool, has the right to independently set the size of commissions on payments, the percentage of which can vary from 1% to 10% (depending on the type of the selected contract).

Tokenomics
36,000,000 XXP tokens are intended to pay rewards to investors in the form of interest rates from staking
5,000,000 XXP tokens – fund of the development team, is in a frozen state
4,500,000 XXP tokens – main operational wallet to pay the expenses for the project functioning and promotion
2,000,000 XXP tokens – pre-ICO and ICO stage
2,000,000 XXP tokens – marketing fund for promoting and scaling the project
500,000 XXP tokens – fund for holding promotions, bounty campaigns, contests, quizzes and other events

The total emission of XXP cryptocurrency
is 50,000,000 tokens distributed on
8 special system wallets.

Road map
Q4 2020
Marketing activities in social media and on crypto forums
ERC-20 smart contract publication on Ethereum Network
Start of the XXP token presale
Alpha version of the investment platform
XX Delegate system activation
Q1 2021
Official website presentation
Final stage of the XXP token presale
Bounty campaign
1st stage of the trading platform development
Launch of the investment platform beta version
Release of the mobile application for Android
Listing on the crypto exchange
Participation in TOKEN2049 — The Premier Crypto
Event ln Asia
Q2 2021
2rd stage of the trading platform development
lnvestment platform update
Start of linear token sales
Appearance on Coingecko
Launch of analytical service
Participation in Blockchain Life 2021 Forum
Start of token sales on the platform
Marketing campaign targeting the Asian region
Listing on the crypto exchange
Appearance on Coinmarketcap
Q3 2021
3rd stage of the trading platform development
Participation in Singapore Blockchain Week 2021 (VC)
Website update
Release of the mobile application for iOS
Marketing campaign targeting Latin America and Spanish-speaking users
Participation in Malta Blockchain summit 2021 (BraziI)
Q4 2021
4th stage of the trading platform development
lnvestment platform update
Marketing campaign targeting the North American market
Participation in Blockchain Expo — North America 2020 (VC)
Listing on the crypto exchange
Participation in Hackathon Human DeFi Haeck (VC)
Generation of the Roadmap for 2022
Q1 2022
5th stage of the trading platform development
Deflationary mechanism activation