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Introducing XSAT Token, A New Standard for Liquidity

The main reason why the market capitalization has fallen by 70% is obviously inflated capitalization. Due to the peculiarity of calculating the capitalization of crypto markets by rating providers (Coinmarketcap), the values presented in these ratings are not true. Capitalization of assets is calculated by multiplying the number of active coins by the current average market price for one coin. The number of actively circulating coins also cannot be taken as true, because the number of units of some assets in the hands of just a few investors reaches 80-90% from all issued coins. 


Therefore, these volumes of assets did not generally participate in market trading, and if they began to participate, they would quickly lower the price of the instrument. Neither investors nor teams paid for these tokens, and the total lack of secondary demand for such assets leaves no chances for these markets. As a result of information which characterizing crypto markets, market-participants are devoid of objective data and are not able to evaluate the depth of the current crisis. Frozen tokens, being in the hands of project co-founders is one of the main hidden threats to the crypto market, and the continued falling of secondary demand saves the tendency to depreciate up to 90% of crypto assets over the next few years. Price decreasing of crypto assets is a market pattern, where the fair cost determines demand, supply, extra value, and non-competitive business model. Asset prices return to true values that for most the crypto markets equals full depreciation.

Introducing XSAT Token As a Standard for Liquidity

An important role in the infrastructure and business model of Saturn is assigned to the XSAT token. The global task of our team is to achieve token liquidity, including the use of a token as a payment instrument with the ability to instantly exchange for goods. XSAT will be used as a quotation asset in Saturn services: exchange and over-the-counter transactions, auction, and escrow. Also, the project team is working on a model for using the XSAT token as a collateral asset. But talking about it is premature.

Atomic Exchange Protocol Swap for Crypto Assets

The direct atomic exchange protocol allows for the exchange of crypto assets, initially incompatible blockchains, without the participation of a third party. For example, through an atomic transaction, it is possible to exchange Bitcoin for Litecoin directly from wallets. Swap exchange protocol guarantees mutual execution of the transaction by the parties or cancellation of this transaction if the bilateral terms of the transaction are not fulfilled.

In our example, Bill has Bitcoin, and Sarah has an XSAT token. Let's say, Bill wants to buy an XSAT token from Sarah, and Sara is ready to sell it for Bill's Bitcoin. Through the Swap protocol, Bill and Sarah make a transaction, receiving a counter asset, provided each of them fulfills the terms of the transaction. If the terms are not fulfilled unilaterally, nothing happens and more importantly, the loss of the crypto asset that was planned for the exchange does not occur. The exchange described in the example is already implemented in the Swap protocol. 

Liquidity of Saturn Exchange Services and XSAT Token

Another reason for the current fall in prices of crypto assets, XSAT believe the final leaving of players from "dying" markets. This means that players sell crypto assets without a repurchase goal. The lack of counter purchasing demand makes falling the most likely scenario for such markets. Inaction or intentional insider actions of project teams make a situation hopeless. The stuck volumes of assets held by large investors will lead to a further fall in prices as soon as investors decide to fix their losses. And it is a matter of time. The idea of the Saturn team is to solve the problem of secondary demand by delivering liquidity to less liquid markets.

Implementing this concept, Saturn launches services for transactions with crypto assets. XSAT Token is the main quotation asset of their exchange services. The feature of Saturn is that adding quotation assets to the listing is simplified by determination the assets claimed by players through voting. The Saturn community is the main mover of liquidity on the platform. XSAT take into account reliable demand coming from their customers, as opposed to paid listings that are popular in the market today. They constantly emphasize the need for counter purchasing demand in the secondary market and intend to ensure purchasing demand in the maximum number of trading pairs with XSAT, BTC, ETH, and stablecoins. The basic deposit necessary to maintain the liquidity and profitability of their services, XSAT plan to allocate at least 50% of the funds collected by the Token Sale. By listing the XSAT token on public crypto exchanges, They intend to reduce the impact of Saturn services to the price of the token. For example, the trading volume of the BNB token is 90% circulated inside the Binance exchange; KCS is 100% inside the Kucoin exchange. XSAT think, to establish a fair price, the distribution of the trading volume cannot be so centralized. To do this, they try to get into the lists of instruments traded in popular exchanges, as their community grows.

Every Bitcoin in the secondary market is bought for traditional fiat currencies, which still remain a link between the value of cryptocurrency and goods. XSAT believe that this situation will not change quickly, XSAT intends to integrate the easy exchange of crypto assets for fiat money. Inside the Saturn platform, the exchange is implemented in pairs with several stablockcoins that can already be used.

Link to project site - saturn.black

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