XX Platform An Advanced Trading Platform for Investors and Stakers
ST PETERSBURG, RUSSIA / February 9, 2021 / With an aim to help individual investors amplify their investments with minimal risk, the XX platform has been developed with an assortment of advanced tools like trading robots. This is in addition to the deployment of a user-friendly interface and an intuitive system. Moving ahead from a traditional classical hedge funds system, the XX Platform aims to streamline the cryptocurrency investment systems and turning it into an automated trading platform.
What is XX Platform and How Does it Work?
The purpose of XX Platform is to connect the traditional trading market to individual investors through blockchain and cryptocurrency. By providing easy access to mainstream trading strategies, XX Platform provides easy access to higher ROI to all the investors across the globe.
Coupled with smart analytics and stock indicators, the XX Platform has prepared a finesse roadmap to become a one-stop solution for cryptocurrency traders and investors. In terms of security and efficiency, the XX Platform is open, transparent, and all the data is recorded on the blockchain for the public to see.
A Knowledge Pool of Trading Strategies
The XX Platform is a mixture of knowledge pool and trading system giving the individual investors access to the trader’s strategies, profits, and transactions. This will allow the investors and individual users to study the trading strategies and imitate them for their benefit.
However, this system is expected to run from 2022-23. Until that time, the XX Platform will primarily work as an investment portal for fundraising. The investors will earn during the initial stages of rewards distribution.
As a cushion for the early investors, there is a special mechanism set forth by the developers whereby the early investments will be protected and insured. 100% insurance coverage is provided at a payment of only 3% of the investment. This gives the investors a right to buy-back the XXP tokens within 6 months of investment.
The formation of the XXP token is spearheaded by a pricing policy that makes the XXP token a native token. As a virtual accounting unit, the XXP token ensures synchronization between the investor’s funding mechanism and the trading strategies.
As a native platform currency, the XXP tokens will be utilized in the future for partnership fundings and other investment systems running on the platform.
The Halving Mechanism
As it is with almost every major cryptocurrency platform, the XX Platform also undergoes halving, but instead of cutting down the reward generation abruptly in one go, this platform has a different halving system.
Beginning from the 4th-month post the network’s launch, there will be a gradual but controlled decrease in the staking percentage reward by up to 50%. This will continue for 3 years and at the start of the 4th year, the halving will be automatically deactivated.
Helix is a deflationary mechanism implemented at the software level meant to work as a deflationary algorithm. The Helix system will start working from the 1st quarter of 2022 and it will act as a compensatory mechanism to cover for the reduced reward from the XXP token staking.
The compensatory mechanism of Helix acts as an additional investment tool appearing on the interface of the user’s account. So, combined with the staking and Helix algorithm, the XXP token will continue to provide liquidity and profits to the platform investors.
There are two stakeholders of the XX Delegate system, Delegates and Stakeholders. The delegate system is a voting mechanism whereby the small and medium token holders can transfer their vote to the elected delegates. This vote transfer system is operationalized by placing the user’s tokens in the delegate’s staking pool.
To buy a delegate account the user has to freeze or hold 10,000 units of their XXP tokens by following a special registration process. Further depending on the type of account a user holds, there are differences in the commission size, deposit defrost, and participation in voting.
After delivering the aspects as promised in the 4th quarter of 2020, the XX Platform will begin working on its website creation, bounty campaign, the launch of the beta investment platform, and release of the Android mobile application.
Besides this, there are plans ready to list the token on various exchanges and listings to further promote the platform. This is further followed by the release of the iOS application and the activation of a deflationary mechanism activation in 2022.
The XX Platform is developed to replace the already established cryptocurrencies by addressing their bottlenecks and proffering a better solution to the users. It is smart, secure, advanced, and created aims to enhance the users’ investment potential substantially.
Yuriy Draganov (Founder)