Qa

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.