Every XS coin use peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of XS coins are carried out collectively by the network. XS coins are open-source; its design is public, nobody owns or controls it and everyone can take part. Through many of its unique properties, XS coins allow exciting uses that could not be covered by any previous payment system. XS coins are forks of popular coins, first of all Bitcoin and Litecoin created to maintain mining as a decentralized business.
The main means of payment within the services are the currencies of the XS coins group. The total size of the offer of each of the coins of the group is 100,000,000 units. The next stage after the creation of each of the group’s coins is to hold an ICO in the amount of 30% of the total offer of coins, 75% of the raised funds form the Reserve Security Fund (RCF), 14% are related to the costs of ensuring the costs of developing the project infrastructure. Each coin’s premine accounts for 10% of the offer of each coin and forms the reserve fund XS oins (XSRF), which is further involved in the formation of additional reserves for providing coins. At the fourth stage of the ICO of each coin of the group, the fund provides data on the source code of the coins and all the accompanying information for the subsequent listing of the coins to the main crypto exchanges. After the initial placement of tokens, within 1 month the development team provides the official mining pool for public access, in the future ensuring the performance and reliability of the pool is a priority. Official pool commissions also form a reserve fund of XS coins. Each currency investor in the group, a miner, a trader, that is, the holder of coins of the XS coins group is a partner of the fund and is part of the biliSEF fund community and has the right to vote when voting on the fund’s service platforms.
The XS coins group currencies are secured by the Bitcoin Reserve Fund. The security is formed at the stage of initial placement of 30% of each of the coins, 75% of which is the Reserve Fund. Also, the reserves are replenished by the implementation of 10% of each of the coins obtained with premine.
Coins act as a tool to minimize losses in case of unpredictable volatility of exchange rates on crypto exchanges. This function is implemented by reinvesting.
XS coins are the main means of payment within the biliSEF fund services, both for startups, ICO applicants, and community members in the framework of the provision of paid services and voting. Also, XS coins are a means of payment on the websites of partners of the fund.
XS coins are the main means of payment for ICOs on the fund platform, thus providing guarantees to investors and the circulation cycle within the framework of the ecosystem being created.
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