Bitxoxo is India's largest bitcoin exchange operating since 2016. Bitxoxo(XOXO) token will used on Bitxoxo Exchange as Utility token is my understanding about the project
What is the real reason for considering XOXO as a utility token and not as a security token ?
That is why they are really trusted in this operation, the stats and historical data can prove that the team is really ready for this project. A lot of people did experienced the service first-hand and they responded really well to the mechanics.