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Crypto-currency: Evolution & Challenges

In a world which has become increasingly global, it is commonplace to have to move money from one location to another. Today’s connected & burgeoning middle class want a solution to transfer payments affordably & easily. From an investment perspective too, they are looking to invest in assets that are free from inflation woes. Crypto-currencies, decentralized digital currencies that are transferable through the internet without any pre-requisites or arbitrary limits, have answered this need. Acceptance of change, however, comes with challenges; newness & huge amount of transparency around Crypto-currencies, which creates doubts about security, to name a few. Notwithstanding, hundreds of new Crypto-currencies have emerged since Bitcoin, the first & front-running Crypto-currency created in 2009, and gained momentum because of the inherent ubiquity & transparency of these currencies.

Xenos: Addressing the heart of the problem

Decentralized & transferable directly from person-to-person via the net, Xenos, which is backed by Gold has a real value, which is time-tested & is not benchmarked against US dollar. The preciousness & stability of gold is indisputable, making it a sound investment vehicle for any investor. Just like Fiat Currencies of the older monetary system were backed by Gold, the units offered by Xenos too are guaranteed by gold. Each unit of Xen is backed by 1 gram of 99.99% purity gold.

Obtanix strategy

The success of any currency is determined by its acceptance. Acceptance by users & the power to spend it with merchants. For our currency to be used, spent, exchanged & traded, we have executed the following strategy:

1. Pre-mining of fixed number of units with a real user-base subscribing to the Crypto-currency before it goes live.
2. Building gold reserves to empower the currency.
3. Building a strong user community holding Xenos units to start transacting on day 1 of the launch.
4. Worldwide merchant contracting.
5. Developing POS & hardware to enable merchants to accept Xenos.
6. Developing multisig wallets & Apps.
7. Deploying a strong blockchain & infrastructure.

In gold Obtanix trust

Gold has been a natural money since pre-history & regarded by our ancestors as the single, best way to save, store & exchange value. Currencies too were being benchmarked against gold, before various governments decided to use them as a promissory tool.

• Gold has outperformed all national currencies over time.

• Gold is ubiquitous and independent of political systems & government policies.
• In 1980 the price of 1 gram of Gold was USD 16. Today its value has increased to USD 464.

• Gold’s rarity & permanence is long established and provides its owner a longstanding security & purchasing power.

The golden blockchain

Each transaction of Xenos on the network is recorded in an independent, de-centralized & open-to-public blockchain. Blockchain is an open public ledger that records transactions after the verification of work, which is done by the network itself either through Proof of Work or Proof of Asset concept. This peer-to-peer network directly performs the job of carrying out transactions thereby eliminating the need for middlemen. The Xenos Blockchain runs on the powerful infrastructure & technology of Microsoft allowing the transactions to be performed in a token-ised form as trade-able digital tokens. The “Proof of Asset” protocol helps confirm transactions placing them on each block. These blocks consisting of transactions then form the Golden Blockchain.

 Xenos: Key differentiators

Each unit of Xen offered by Xenos is backed by 1 gram of 99.99% purity gold, which by itself puts our Crypto-currency in a league of its own. Other key differentiators of Xenos include:

stable platform

Xenos is built on stable platform of Ethereum which empowers different Crypto-currencies because of its EVM that executes peer-to-peer contracts.

global delivery

With our vaults in three countries, Xens can be liquidized & exchanged with physical gold with the same level of security at anytime.

guarded blockchain

Xenos is decentralized & nobody owns it or the platform running on the network. Proven technology guards the blockchain against hacks & thefts.

global delivery

With our vaults in three countries, Xens can be liquidized & exchanged with physical gold with the same level of security at anytime.

Mint & Recast

Xenos enables a first of a kind interchangeable Smart Contract deployment to switch between physical bullion & tokens in the EIP20 standard.

Third Party Auditing

An established & independent auditor since 1905 conducts quarterly audits of every single gold asset in our safe vaults.

Long Term Value Store

Gold is permanent & therefore Xenos tokens protect from the inherent volatility of Crypto-currencies.

Real gold bullion: Not an ETF or a Digital Gold Certificate

All gold in our network of vaults meet the following criteria:

• LBMA or COMEX approved gold bars .999 (24 karat) or better.
• 100% fully-reserved and unencumbered. These are your property rights under bailment law.
• Audited under a 3402 audit.

Redeem coins & bars through Xenos physical

Your Xenos units may be redeemed as physical coins or bars of gold through Xenos Physical. There are no extra fees associated with this & we ship globally or can arrange for a vault pickup for larger bars.

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Source: www.obtanix.com