XBrick - Crypto to Crypto Currency Exchange

In the world of cryptocurrency, there are dozens of exchanges, but few if any that truly embrace the power of blockchain technology. XBrick has a team of technical and operational specialists that are working to build a world-class cryptocurrency exchange, based on their proprietary trading system. The XBrick platform aims to provide a reliable, efficient and secure exchange via its high performance trading engine.

What are the benefits of XBrick?

Security – The team behind XBrick come from traditional global financial and investment banking backgrounds and as such they understand the importance of platform security for the users. The XBrick platforms adopts secure socket layer (SSL) technology for their system architecture, and cold-storage for their wallets to ensure user funds having the maximum protection possible. XBrick acknowledges that the safety and security of its users funds are its responsibility, and as such has set about to prioritize this feature over all else.

Liquidity – The XBlock project is developed from the ground up to solve the common liquidity problems that affect many other exchanges. With a team of 50 developers behind their proprietary technologies, XBlock claim they will be able to access the global cryptocurrency market to obtain the best and sell prices via their exchange. Having partnered with LiquidAlpha, XBlock will have access to their proprietary Dynamic Liquidity Providing Engine (DLPE) which is capable of trading against client orders in situations of zero liquidity, with its algorithms allowing it to execute orders in just seconds.

Speed – In the world of crypto trading, speed is crucial. The XBrick platform is able process over 2m orders per second, allowing enormous capacity for growth. Unlike many crypto exchanges, XBrick utilizes automated KYC registration, and is connected to an online names database to massively speed up the verification process and get users active and trading quickly. According to the team, the entire registration and verification process can be completed in just minutes, allowing you to focus on your trading, rather than worrying about annoying details.

XBrick Token Sale Details

You can join the XBrick token sale over at https://xbc.xbrick.io/

Like many other token sales, the XBrick platform is based on Ethereum’s ERC-20 standard, with its token known as XBrick Coin (XBC). This is a utility token that provides users a 50% discount on trading fees associated with the use of the platform. XBC will also be available to trade on the Xbrick platform.

The total supply of XBrick coins is capped at 1,000,000,000, a number the team says will never be increased. Of the total supply, 50% will be put up for sale during the token sale period, at a rate of 1 ETH = 10,000 XBC, but can be bought during the pre-sale at a rate of 1 ETH = 15,000 XBC, and decreasing to 13,500 XBC per ETH after the first 85m tokens have sold.

The XBrick project accepts payment in BTC, ETH, and EOS during the ICO, and currently has a hard cap set at 45,000 ETH. The token sale is scheduled to run between 24^th of May, and the 14^th of June 2018, and was preceded by a pre-sale as noted above.

Out of the total supply, besides the 50% up for sale, 15% will be distributed to conditional angel investors prior to the ICO, 5% provided as advisor and promotional team incentives, and the remaining 30% is kept back as exchange fund reserves, and founding team incentives which is vested over an 18 month period.

Our thoughts;

Another day, another exchange, right? Perhaps not. XBrick on the surface does appear to be a typical run of the mill project pushing its own token as a first choice as is standard these days. However, if the team successfully manages to overcome liquidity problems, even with low volume coins, whilst maintaining industry leading rates, then we could be on to a winner. However, with bold claims and little evidence to back it up, we say keep this one in the maybe list.  

If you found this interesting, you can find out more below;

Website: https://www.xbrick.io/
Whitepaper: https://xbc.xbrick.io/doc/Whitepaper(Preliminary_English).pdf
Token sale details: https://xbc.xbrick.io/
XBrick Candy Program: https://i.xbrick.io/en/

About me;

Bitcointalk username: jamalaezaz

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=721115

Ethereum address: 0x05CAbdFE623E127a034B19349180984E8bB051C5