XENDBIT - Decentralised Exchange & Financial Services

Welcome my friends to the exciting new Project today and let's see their great idea:

WHAT IS XENDBIT ABOUT?

We've built a platform that brings financial inclusion to the unbanked through a trackable, trustless crypto-based alternative to banks.

XendBit is a decentralised blockchain platform for remittances, payments, aid disbursement, store-of-value and credit.

The XendBit Offering

XendBit is positioned to be the solution of choice for the following service offerings and benefits:

Decentralised crypto-exchange and wallet with enhanced security.
Transparent aid disbursement and management.
Payments and remittance.
Easy access to account opening and other financial inclusion services.
Decentralised applications (dApps) development platform.

XendBit Services

XendBit is a fully decentralised blockchain platform that allows users to trade safely and securely without risking customer funds.

XendCash

Remitting cryptocurrencies and instantly transferring value in any currency anywhere in the world through instant settlements.

XendAid

Leveraging blockchain technology to empower and provide grants and disburse aid by transparent, immutable & cryptograhic processes.

XendCredit

Application of blockchain technology for financial inclusion with access to credit after account creation.

XendBit Decentralised Exchange

Centralised exchanges are susceptible to internal and external security risks. XendBit is a decentralised blockchain platform designed to fulfill a number of financial inclusion services such as remittances, payments, aid disbursement, store-of-value and credit. Powered by a crypto-currency exchange with bank verified KYC features, it enables users to trade safely and securely without risking customer funds. The XendBit wallet uses bank-verified KYC and is being developed as an exchange initially supporting popular digital assets including BTC, with the aim to add more in the near future.

WHY XENDBIT ?

The XendBit Advantage

Unlike most global exchanges which are centralised, XendBit is the first decentralised digital asset exchange focusing on Africa.

Reduced Transaction Cost

XendBit features Xendcoin, which is native to the XendBit DEX. Transactions based on Xendcoin will attract lower fees.

Localised Tether Coins

As P2P trading becomes more fluid, traders can engage and settle trades faster than bank transfers or foreign TetherCoins.

Easy Bank Integration

The XendBit blockchain platform is able to integrate with most banks in Africa and beyond including Nigeria, Ghana, Kenya, South Africa and Rwanda.

XEND BLOCKCHAIN FEATURES

Smart Identity

Creating an identity on the blockchain can give individuals greater control over who has access to their personal information. Through the blockchain, identities can become globally accessible in a way that creates more transparency for service providers such as financial services, charities, donors, grant makers and sponsors. A blockchain-verified identity also addresses the challenges of establishing provenance, authentication and reconciliation faced by many industries. Xend's Smart ID is a DApp that enables the use of blockchain in areas such as digital identities, banking, passports, e-residency, birth certificates; wedding certificates and online IDs.

The Xend Smart ID Card offers a convenient way for individuals to make micropayments through an embedded RFID which stores the Xend wallet's private key, encrypted with a two-word phrase.

Smart Nodes

Smart nodes are blockchain nodes that require KYC registration of node owners, whereby the nodes run in a semi-permissioned mode with incentives (harvesting). Smart nodes are associated with a registered and verified XendBit wallet in a way that prevents the possibility of a 51% attack on the blockchain network.

Smart nodes will be further protected by a specially built Linux Operating System (OS) Live image comprising of uniquely selected applications, tools and packages with zero vulnerabilities that will ensure the highest level of OS security.

Smart Java Beans

SJBs are based on the concept of java beans, originally conceived by James Gosling, that can be run on the NXT blockchain. SJBs stateful smart contracts design is also drawn from the lessons of flexibility, scale, and security from digital circuit design principles.

SJBs must follow approapriate naming conventions. For example, methods that must return a value must begin with 'get' e.g. 'public long getAccountBalance(). These types of methods cost 0 to execute and don't affect the state of the SJB on the blockchain.

Xend dApps Platform

The Xend dApps platform inherently employs Java technology scalability features to handle high transaction volume. Often known to clog dApps networks, high transaction volume leads to slower transaction times and inflated fees as seen on other popular dApps-based blockchain platforms. Examples of Xend dApps include XendCash for remittance, XendAid for transparent and more efficient aid disbursement, and the upcoming XendCredit for financial inclusion.

Originally, NXT presented a powerful blockchain with a robust set of features as a leading 2nd generation blockchain. While NXT did not originally suppport smart contracts, they have now been added as part of Jerulda's implementation of lightweight contracts. It is noteworthy however that the XendBit team was able to implement smart contracts alongside Jerulda's current initiative.

XendBit Wallet

Choose a wallet from Android, Windows or MacOS and iOS (coming soon). Buy from a list of Sell Orders in the Exchange Order Book.

XendBit functions not just as an exchange but also as a blockchain platform for enabling transparent transactions within peer-to-peer markets (comprising of lenders, donors, remitters, borrowers and beneficiaries) while reducing the frustration in crypto-volatility with the use of localised TetherCoins.

Secure Decentralised Exchange
Localised Tether Coins
Easy Bank Integration
Sell Exchange Order Book
Remittances and Aid disbursement

Token Sale

Token Symbol: XTN

Tokens for sale: 100,000,000

Token Price: $0.05 USD

Specifications: XEND token

Max circulating supply: 200,000,000

Security Token Offering (STO) and Token Distribution

XendToken (XTN) is being offered as ERC1404 tokens on the Ethereum blockchain for the private sale, public presale and final public sale. Private sale investors that participate in the private sale will be entitled to a bonus for all XendTokens purchased. The crowdsale softcap will be $10 million and a hardcap of $20 million. The total XendTokens to be offered will be 200,000,000 XTN and will be distributed as follows:

Token Allocation (Use of Funds)

The Roadmap

Q1-2017 : Android Bitcoin Wallet, Brokerage and asset custodian service development.

Q2-2017 : Multi-Chain Wallet implementation with support for Bitcoin, Litecoin, Ethereum etc

Q3 2017: Investigation of Various Blockchain and Development of a Basic XendBit Wallet

Q4 2017: Server-side Implementation of a Semi-Centralised Exchange with Remote Transaction Signing.

Q1 2018: XendBit Blockchain MVP Forked, Alpha Release of XendBit Exchange and Wallet.

Q2 2018: Decentralised Exchange Features with Fiat-to-Crypto and Crypto-to-Crypto Trading

Q3 2018: Alpha Release of Xendcoin Blockchain with Support of Smart Contracts (Smart Java Beans).

Q4 2018: Full-Service Launch for XendBit Exchange, Partner Onboarding for XendCash and XendAid.

Q1 2019: Start of Private Token Sale, Ending by February 28, 2019

Q1 2019: Start of Presale (March 1, 2018), Ending by March 30, 2019

Q1 2019: Start of Public Sale STO (April 1, 2019).

Q1 2019: Release v1.0 of the XendCash and XendAid Blockchain Applications and Developing APIs

Q2 2019+: XendCredit Additional Services for Financial Inclusion

Core Team

The XendBit team is a carefully selected team of highly skilled experts with proven records in finance, systems architecture, artificial intelligence, software engineering, blockchain architecture, cyber-defense and network security.