Qa

Q&A
XCHANGE (XCG)

What is XCG?
Xchange Coin is project that was developed by a team that had felt the cold
hands of these so called “false promises” developers. So we decided to make a coin
that enables the user to gain the power back in trading/bartering. To save the crypto
community from suffering the scams of otc trading and start-up sales we designed a
coin for the purpose of using it as an auto-escrow service. We realized that there are
too many malicious characters out there preying on people who want to be part of this
historical time. That being said, we just love doing this!
Is it a Masternode (MN) coin or not?
We wanted to focus on the coin’s utility function rather than the cheap gimmick of
luring people with the fake return on investment (ROI) scenario. The intention of
keeping the MN was for a supplemental investment option, that is not easy to obtain.
How dare you say Fake ROI?
Well if the coin has no other use than same old coin->wallets->exchange->payout
card scheme then its pretty much fake. A pretty looking pyramid scheme.
Holy cow 50k collateral for a MN?
Yes, I reiterate that it was not going to be easy to obtain. The purpose is that we
want effort to be a process in obtaining the MN.
Screw me? Say that the poor miners that once used coins to sell to investors now
have to compete with huge numbers of MN’s that print coins with no effort. Who is
going to sell lower? The miners who spend energy, or the MN owner who just want
their ROI? Come to think of it, miners have been shown to HODL coins in the past
(BTC, LTC, XMR, etc).
Wonder why most MN coins don't last? Well you’ve got miners that are now
competing with nodes that produce coins with no competitors other than a wait line of
other nodes. So you have the average miner now looking at the profits and pretty
much giving up.
So what? As miners disappear and the coin becomes more centralized causing
the coin’s life and security to be handed to a select few.
Isn’t that good? Perhaps temporarily, if the dev’s of the coins treat the community
well, you will start to notice a rise in price with people starting to invest based on price
and ROI. YAHOO!!
Now the bad news! With the price value going up and the coin now running with
some hype, we now cross our path with NiceHash or a similar systems. Oh no, not
good! The coin has very few miners to defend it self from this greedy system. Wait
what just happened? Did someone just dump us? The rest is history. This is one
example of what can happen in the flawed MN financial system.
If you have MN collateral at a high, what happens? Well let's do some math, shall we.
EXAMPLE (XCHANGE - XCG):
Blocktime = 2 mins

Miner rewards 2 per block
Approx minimum of 525,600 XCG can be mined a year.
MN Collateral = 50k
Total MN’s that can be mined per year = 10 MN
Premine MN = 2 million
So from the Premine a maximum of 60 MNS can be enabled, that's if other
don't buy any coins for its use-case (escrow).
MN reward = 8 per block (ignoring the ROI static period)
Total MN’s that can be generated per year = 41 MNS
As we see from the math only 111 MN’s can be achieved in the first year. What does
that mean? It means obtaining a MN will be hard. Now miners have a reason to sell
their coin at a little higher value and prospective MN owners will be bidding against
each other to obtain a MN. What then happens to the value of the coin? It increases!
Yes, simple eh?
In simple words its healthy for a new coin.
Why are our dev’s hiding their identity?
We have lives and families, thus we are not risking our security for the curiosity of
a few naysayers. We will let our work speak for us. This will of course have the
potential to change in the future if the situation requires.
What makes this coin any different from any other coin?
1) We have an auto-escrow built into our wallet, with future plans of making it into
a multi-wallet. We will deliver a usable product from day one, not false promises,
but a coin that has an actual real world purpose. The use of the auto-escrow
feature will depend on a fee of XCG. Thus providing the coin with instant
valuation at launch. ONLY coin to do it!
2) We also have a built in buy your XCG feature based on supported
cryptocurrencies that can be expanded at the request of the community. So no
dealing with people to get XCG for use in an escrow trade or as an investment.
3) We also looked at other coins and saw the challenges that they were facing
due to vulnerabilities in their code base. In preemptive response we decided to
implement a kill switch into our wallet that can stop exploits in their tracks. We are
currently working on an auto update system, so user that can't breath, sleep, and
eat crypto (and the less technical crowd) can easily update their wallets when
required.
I heard you guys did a static/fixed ROI for a period of a year?!
Yes we did, have have included in our code a way to keep the ROI at 1000% for
the first 20,160 blocks, then 500% till 120,960 blocks, then 100% till 241,920 blocks.
This ROI will not change based on the number of enabled MN’s. Why? To provide
investors with incentive to support the project as early as possible.
Premine wow and you guys are going to just have a fire-sale and run!
We are keeping our word and doing an air-drop for a scammed community, there
are back-end costs and R&D so that we can deliver new groundbreaking technologies.
We talked about the user being able to buy XCG from the wallet: this has to be done
to allow such a thing. We also have some great ideas that are in development, that we

want to keep hush from those copycat coins. Plus the cost of making this a quality
coin has come directly from our pockets (and it’s not cheap!!).
So what happens to the transaction fee if XCG is more than 1 USD?
It will adjust based on the price of XCG automatically.
Tell us more about the Escrow part of the Wallet?
Users will now be able to create payment requests and trade over-the-counter
(otc) with anyone without the terrifying fear of being scammed! Our system is
designed to provide a fast secure means of trading coins peer-to-peer. Both parties
must submit payment for coins to be distributed from the escrow, with refunds on
failed transactions being processed automatically after a set 24 hour window.
What if I get the escrow ready and the partner doesn’t complete it?
You get your transaction fee back and they won’t! This will ensure that
participants are holding up their end of the deal and will prevent resources from being
wasted.
I heard you guys are going to have a blacklist for coin on the escrow?!
Yes if the coin only has a marketing scheme but no actual development for
sometime, then it will be blacklisted from the auto-escrow. Also, if a coin is known to have
a team that is dishonest or a history of issues, they will be blacklisted. Our goal is to
provide a quality service for the betterment of investors.
WOW, i heard you guys will take a one time fee from a coin development team for
no fee trades and future development perks! What is that about?
So to help make the cryptocurrency world strong, we would offer a one time fee for a
coin to be listed as a free no fee escrow, and also be able to reap benefits of certain future
development at no cost. This helps to provide working capital for the Xchange project and
benefits members of that coin’s community and potential investors.
I do not see a coin on the escrow system? What can i do?
Anyone can request a coin to be listed on the escrow system and if it passes our
teams checklist, it will be added.
What road map items are there?
Development road-maps can be misleading by creating arbitrary time lines, but
regardless we will provide one as a peek into our minds! This is just and simple Q&A!
A little preview.