X Pool (XBTC)


ICO

ICO start date: 05.02.2017
ICO end date: 06.04.2017

Token Details

Ticker: XBTC
Additional Token Emission: No
Accepted Currencies: ETC, BTC and ETH
Token distribution:

Total supply: 21,000,000 XBTC tokens It is planned draw 12mln ETC emission 21mln XBTC tokens. After the end of ICO, XPool will begin gradually to purchase and destroy X-BTC tokens, creating shortages and guaranteeing a profit for its investors. 60% of the ETC funds generated in selling the XBTC token will be used to purchase new Bitcoin miners (the power consumption of the new Bitcoin miners is 100W/T) to increase the hashrate of the project, which is expected to increase from 50 to 70 Petahash. The remaining 40% of the ETC funds generated in selling XBTC token will be owned by the manager of the project and the funds will be frozen for 6 months. During this period, the manager of the project cannot use the funds. After discounting 10% for electricity costs the remaining 90% of the Bitcoin revenue will be used to place buy orders for XBTC in the EXX token exchange market, the price of XBTC equals to 0.7 ETC. The remaining 10% of proceeds after deducting the electricity fees is the operation costs.


Registration Country: Hong Kong

See also