Xeonbit Project Team announced that XeonbitToken (XNS) will be released for Initial Exchange Offering (IEO) in April and May 2019 (Exact date will be set later).
XNS is an issued Token based on Ethereum ERC20.
XNS offers a payment solution based on a decentralized trust system through a blockchain based payment gateway.
The solution function on Ethereum ERC20 blockchain leveraging smart contract technology. It aim to empower merchants with quick and smart way to bring their business to the next level. Merchants will be able to accept Ethereum based cryptocurrencies and exchange them with traditional (fiat) currencies. Merchants and customers will participate in global decentralized commerce with total trust.
XNS platform has a wallet for each user that will overcome any form of payment delays. The integration with blockchain technology ensures money gets transferred quick and safe way everywhere and anywhere.
What is an IEO?
An Initial Exchange Offering, is conducted on the platform of a cryptocurrency exchange. Contrary to Initial Coin Offerings (ICOs), an IEO is administered by a crypto exchange on behalf of the entity that seeks to raise funds with its newly issued tokens.
As the token sale is conducted on the crypto exchange’s platform, token issuers have to pay a listing fee along with a percentage of the tokens sold during the IEO. In return, the tokens are sold on the exchange’s platforms, and their coins are listed after the IEO is over allowing participants to trade their tokens if they want.
How to participate?
Participants have to create an account on the exchange’s platform where the IEO is conducted. The contributors then fund their exchange wallets with coins and use those funds to buy the fundraising company’s tokens.
Xeonbit Token XNS information:
– Precision: 18
– Total Supply: 100,000,000,000 XNS
– WhitePaper: http://bit.ly/2IjrWNR
– Github: https://github.com/xeonbit-project/XeonbitTokenXNS
– Token Tracker: https://etherscan.io/token/0x79c71d3436f39ce382d0f58f1b011d88100b9d91
– Initial Exchange Offering: http://bit.ly/2X8OlAX