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Ixinium (XXA) Value is Fully Reserved, Unlike fiat Currencies (Ex: USDT)

Stable Coins have recently become the talk of the crypto world. Stable Coins often pegged to a fiat currency like the dollar, are supposed to be relatively immune to price volatility, though the recent price cash of USDT, the most well-known Stable coin, shows that this is not always the case. Since then other Stable Coins have risen to challenge USDT’s lead, and appear to have a bright future. But there are dangers ahead. It’s easy to understand the demand for Stable Coins, especially in countries like China. Last year China first restricted fiat transactions to cryptocurrency exchanges, and then shut down domestic exchanges altogether. For many Chinese, Stable Coins are a fiat alternative that can be used in exchange for crypto. The problem is that not only have Stable Coins inherited the pain points of traditional fiat currencies, but they also come with some new ones as well.

There is nothing new under the sun. Even though cryptocurrency is supposed to avoid the problem of central banks printing too much money, any stable coin issuer will be naturally and constantly exposed to the temptation to over-issue their own coin. After all, that kind of business can become extremely profitable with hardly any cost. A higher degree of trust is required for Stable Coins provided by centralized organizations because any risk inherent in these organizations can be instantaneously passed to the holders of Stable Coins they issued. Moreover, the level of trust will need to increase alongside the rise of Stable Coins’ market capitalization. In most cases, a stable coin’s level of trust will eventually fall far behind its market capitalization. 

Ixinium (XXA) Value is Fully Reserved, Unlike fiat Currencies

Ixinium (XXA) value is fully reserved, unlike fiat currencies or fiat currency based on so-called stable coins (USDT, TUSD, USDC, GUSD, etc.). Ixinium cryptocurrency is backed with gold, silver, palladium, and platinum. Gold: A relatively rare element, gold is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy, but gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1971. Difference to normal business is assets usage for backing up the Ixinium (XXA) cryptocurrency price value. While the normal business model is to buy, hold, exchange and/or sell, the Ixinium purchase program is only to buy and hold. Meaning, all precious metals what Ixinium buys, is off from the market availability forever.

None of Ixinium precious metals purchase produces recycling like for example the car industry. In the long run, Ixinium can be a major holder for some rare precious metals, creating market conditions where rare precious metals might have pressure for higher prices. The more Ixinium holds precious metals, more free availability is off from the global precious metals market. Example with platinum, Ixinium holding amount and continuous purchase program might end the situation, where Ixinium could buy platinum +10% over platinum global market price just to fill Ixinium's demand, while it might do shortage to car industry demand, because of their catalytic converter parts budget. For precious metals storage, there are seven global vaults: New York, Salt Lake City, London, Zurich, Australia, Toronto, and Singapore; run by Brinks, Loomis, and MalcaAmit. Auditing of physical holdings is done by Inspectorate and all Ixinium precious metals are fully insured for replacement value by Lloyds of London.

Ixinium ICO Presents the Advent of the Creation of XXA by “minting” and Backing the Created Coins with Physical Precious Metals Bullions

Ixinium ICO presents the advent of the creation of XXA by “minting” and backing the created coins with physical precious metals bullions. Ixinium uses asset feeder token IXAT, to move physical precious metals value to the XXA digital coin. Ixinium ICO presents the advent of the creation of XXA by “minting” and backing the created coins with physical precious metals bullions. Ixinium uses asset feeder token IXAT, to move physical precious metals value to the XXA digital coin. 

IXAT value is 1:1 to $1.00. When Ixinium purchases precious metals, the same amount of IXAT tokens will be created and transferred under XXA ownership as is precious metals USD value what was just purchased. In the IXAT production code, IXAT has only one address where it can be transferred, XXA address. After IXAT transaction, IXAT is automatically locked to its place under XXA ownership. No other transaction is possible in the future for just transferred IXAT.

IXAT works like an asset-based investment portfolio. Initial XXA works like a share of the portfolio and value of the portfolio comes of the assets that the portfolio owns. In this way, Ixinium brings physical precious metals value to the digital form. Every IXAT asset transaction can be verified from the blockchain as well as physical precious metals asset value is viewable at Ixinium web site, where precious metals holdings are updated daily and precious metals current market price is updated in every 10 minutes.  

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