Milestones ahead and moving forward

We will deploy our blockchain-enabled KYC ecosystem by 31st October 2018.

To understand the potential price driving XENC going forward, prospective clients will contract with Xenchain for KYC services. For example, we expect prospective clients to pay ~US$50,000 per project. Of this fee, 50% will be used to buy XENC from the market based on best available sell orders on the marketplace (until all 50% of the fee is used for purchases). This should lead to continuous demand for XENC.

Note 1: Purchase transactions will take the best available sell orders on the marketplace up to a price of US$4.80. Purchase orders will take all orders up to the full fiat-equivalent value. For example, if US$25,000 is purchased, this may consist of 10,000 XENC at US$2.00 and 2,000 XENC at US$2.50 (assuming these are the 2 best available sell orders on the marketplace).

Note 2: We will undertake purchase transactions on behalf of clients, and all purchase transactions will be published for purpose of transparency.

We look forward to giving regular updates to XENC token holders as we move forward with the business and project and are confident of meeting our milestones and targets. Join us on telegram for more updates!