The XFOC blockchain generates a new block every 0.5 seconds — an incredible speed compared to Bitcoin’s average 10 minutes and Ethereum’s 15 seconds.
The goal of XFOC is to develop a blockchain-powered ecosystem that would act as a one-stop-shop for key financial services, from banking to exchange. The startup targets high net worth individuals (HNWIs) as well as the unbanked population, which XFOC calls “financial refugees.”
IDAX, global leading digital asset exchange, is very pleased to announce that we’re going to list XFOC/USDT trading pair at the specific time below :
- Deposit Start Time: 13:00, October 27th, 2019 (UTC+8)
- Withdrawal Start Time: 13:00, October 29th, 2019 (UTC+8)
- Trading Start Time: 13:00, October 28th, 2019 (UTC+8)
Token’s Full name: XFOC
Token’s abbreviation: XFOC
The XFOC project is integrating banking, exchanges and payments services by developing an innovative financial system that is not only targeted towards investors and wealthy individuals, but also the 1.7 billion people from across the globe that don’t have access to banking services. In order to reach this goal, the XFOC project has developed a blockchain platform with a block generation time of 0.5 seconds, making it suitable for managing a number of financial operations. The performance of the XFOC blockchain can support the function of e-money or provide an alternative to credit cards.
An integral part of the XFOC ecosystem is the XFOC wallet, which features a built-in exchange where XFOC holders will be able to benefit from reduced transaction fees. Through the wallet, users can manage their bank accounts, with support for multiple fiat currencies and cryptocurrencies. XFOC wallet users will receive a Cash Card that will let them withdraw money through the project’s banking partners. FOC aims to have a bank use the XFOC token in the spring of 2020.
Some fiat currencies that will be supported by the XFOC wallet include USD, CNY, EUR and JPY. On the cryptocurrency side of things, users will be able to manage their Bitcoin, Ethereum, Bitcoin Cash, XRP, XFOC and many other coins. The XFOC wallet has multisignature support — if enabled, multiple signatures are required to authorize a transaction, substantially improving security.
The XFOC wallet’s exchange function also features multisig-based escrow, which can be used to reduce risks when performing high-value transactions.
Otherwise, the XFOC wallet can simply be used to manage multiple cryptocurrencies in one place — a welcome alternative to having a separate wallet for each type of currency.
The XFOC cryptocurrency performs a multitude of functions in the ecosystem — it is used to pay the maintenance fee for accounts and transaction fees when using the Cashcard. When paying through QR codes, users will receive cashback in the form of XFOC. Users can enjoy special benefits depending on the amount of XFOC they hold in their account.
The total supply of XFOC tokens is 100 billion. The XFOC team will hold 63% of the token’s supply. This part of the supply will be locked, with 2.4% being unlocked each year. The remaining 37% is reserved for the project’s advisors and of course, investors.
If the XFOC project is able to deliver on its ambitious goals, their ecosystem and the XFOC token could quickly rise to popularity among cryptocurrency investors in the coming years, as the services being developed by FOC provide a one-stop solution for most crypto investor’s needs.
XFOC’s roadmap includes exciting milestones for 2019 and beyond. In autumn and 2019, FOC plans to get the XFOC token listed to an exchange. The project’s own wallet and exchange products are planned for launch in the spring of 2020.
Learn more about XFOC
Official website: https://foc-crypto.com/
Contract address: 0xf5a562597d5fb5cc19482379755e1a5275a6607b
IDAX (www.idax.pro) is an international exchange platform originating from GBC (Global Blockchain Research Center). IDAX was founded in 2017 and within several months it gained to be in Top 10 exchanges of CMC rank. We provide IDAX users from all around the world with convenient, safe and fast digital cryptocurrency transaction service.
After launching Foundation in January 2019, IDAX has raised over $10 million among private investors and is now offering the opportunity to support the project by purchasing XFOC tokens.
We value every user of the platform, and look at and maintain our relationship with users from a long- term perspective. As one of the world’s leading exchanges, we will strive to build the first users’ community system initiated and promoted by the exchange. Using our products and services to integrate into people’s lives, bringing joy and more opportunities to our users and society in general.
Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. IDAX will make best efforts to choose high quality coins, but will not be responsible for your investment losses.
IDAX reserves the right to make adjustments and final interpretation of this announcement. Thanks for your support!
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