XENTAVO

XENTAVO

Created using Figma
Created using Figma

Last Update

Mar 10, 2018

White Label Sovereign Cryptocurrencies for Small Countries. White Label Sovereign Cryptocurrencies for Small Countries
Sale
Apr 1, 2018
May 31, 2018
100% completed
Raised funds - no Data
Goal 34 000 000.00 USD
past
  • 1 XEN
    =
    0.13 USD
Token Details
Ticker
XEN
Accepted Currencies
ETH
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Cryptocurrency

About XENTAVO

Small States are ordinarily defined as nations with a population of 1.5 million citizens or less. More than a quarter of all World Bank members are such type of nations. Globally, banking institutions have tightened controls by imposing dramatic limitations boxing in Small States financially.

Impelled by financial meltdowns and regulatory abuses, almost all Small Countries are being shut off from global financing. In simple terms, if a local bank in a Small State doesn’t have millions in assets, very few banks are willing to conduct business with them. The Caribbean region for example, is continually losing correspondent banking in the US. Small Countries have long faced problems easy to understand.

Small Nations struggle to become economies of scale. It is hard to imagine trying to provide public services in the Federated States of Micronesia for instance, where over 600 islands are spread across one million square miles of ocean. The nation’s inadequate economy results in expensive, sub-standard public services.

Trade is very challenging for Small Countries. Take almost all of the Caribbean countries which have to import fuel to generate electricity; reason why electricity is so expensive there. These types of problems have unfortunate mounting consequences for these countries and their people.

Compared to big countries, high fixed costs in the public sector mean elevated spending-to-GDP ratios for Small States. Also, professional resources are significantly limited. Large countries benefit from giant knowledge pools their governments can always tap into to develop reliable solutions. Small Countries do not have a large quantity of educated professionals with niche expertise they can rely on.

With the emergence of digital blockchain solutions and cryptocurrencies, Small Countries are now able establish their own FIAT digital monetary sovereignty. The mechanics and the tools are currently available from XENTAVO.

Today, there are over 1,200 cryptocurrencies. The first one, Bitcoin, was launched in 2009. Although it is very unlikely that Bitcoin, or any other of the existing cryptocurrencies can be adopted as a government controlled monetary currency.

These platforms have opened the door to Distributed Ledger Technology (DLT), which makes it possible for Small Nations to start thinking about Sovereign digital currency solutions. Russia and the City of Dubai recently announced that they are creating state-regulated digital currencies and many others are following suit by trialling these new global monetary instruments.

Features

The XENTAVO finance platform will be adapted to the needs of each country. The matrix module of the XENTAVO digital platform includes the creation of the Sovereign digital currency on a blockchain, with national and international Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. The matrix module also offers the possibility to transfer of money between users easily.

Technical Info

Initially the XEN token will run on the Ethereum platform and used to pay fees within the platform. Once stable we will convert XEN to its own blockchain. Our technical advisor is Stockholm Blockchain

XENTAVO Roadmap

  • 2017/01

  • Development of technical proof of concept
  • 2017/06

  • Research on the impact of blockchain technologies and cryptocurrencies on economies of Small Countries
  • 2017/11

  • Development of whitepaper
  • 2018/03

  • Initial coin offerings (ICO) crowd funding
  • Read More
  • 2018/05

  • XENTAVO 1.0 (finance portal including wallet, exchange, transfer, and token)
  • 2018/06

  • First roll-out
  • 2018/12

  • XENTAVO 2.0 (migrate the XEN token to its own chain; FIAT tokens will be migrated to be part of the new XEN digital ledger)
  • 2017/01

  • Research on the impact of blockchain technologies and cryptocurrencies on economies of Small Countries.
  • 2017/06

  • Development of technical proof of concept.
  • 2017/11

  • Development of white paper.
  • 2018/03

  • Initial coin offerings (ICO) crowd funding.
  • 2018/05

  • XENTAVO 1.0 (finance portal including wallet, exchange, transfer, and token).
  • 2018/06

  • First roll-out.
  • 2018/12

  • XENTAVO 2.0 (migrate the XEN token to its own chain; FIAT tokens will be migrated to be part of the new XEN digital ledger).

Activity

Followers:
6 043
HIGH
Tweets:
160
MEDIUM
30 Days Growth:
1

XENTAVO Team

Verified 33%

Attention. There is a risk that unverified members are not actually members of the team

ROBERT KOENIG
FOUNDER CEO
verified
ROBERTO ALVAREZ VELA
CFO
unverified
CARLOS RONDON
CCO
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

HON. ERWIN CONTRERAS
Minister Belize
unverified
ANTONIO LOPEZ
INAZUCAR Domincan Republic
unverified
KENDRICK MEEK
Representative to the General Assembly of the Unit...
unverified

XENTAVO Interviews

ROBERT KOENIG
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
XENTAVO is a Project implementing and maintaining White Label Sovereign Cryptocurrencies for Small Countries
N/A
5.0 17
ICO Profile Vision Activity Potential Product Team
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