Place/Date: Estonia - November 21st, 2019 at 8:21 am UTC · 2 min read
The ever rising company looks to raise up to $100 million USD to build out an online platform that delivers decentralized and transparent asset-backed cryptocurrency, which is fully insured for replacement value.
Crypto-financial hybrid, Ixinium, has officially announced an upcoming IEO that will take place in 4 rounds starting from 5th December then throughout the month on P2PB2B.
Currently the world has to face a lot of financial issues and crises. The fiat Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Most modern paper currencies are fiat currencies.
Historically, governments would mint coins out of a valuable physical commodity, such as gold or silver, or print paper money that could be redeemed for a set amount of a physical commodity.
On the other hand crypto currency has several problems that plague the market such as Price manipulation, Pump and dump ico Schemes, Activities of Cybercriminals, and lack of Price Uniformity.
Ixinium provides solution for all of these problems. It is backed by precious metals, blockchain transparency, and auditable transactions. Fully transparent physical auditing of precious metals as proof for everyone of Ixinium’s assets structure and market value 24/7, being insured with Lloyd’s of London making Ixinium safer than any bank in the world, we can say that Ixinium is the solution.
For their upcoming IEO, Ixinium is offering a 10% bonus from 5th December. These rounds will give contributors a discount on the IEO price for Ixinium’s native XXA tokens.