XRED’s 2 Trusted Community Members

XRED Foundation
2 min readOct 30, 2017

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https://xred.co

We have 2 trusted community members who will act as the “eyes” of our community. Let’s give a big thank you to:

Nguyễn Thanh Tuấn

Facebook: https://www.facebook.com/dipphong

0x5171B26B0C9BaD84b1E85A70e918Ca477f3f393D

And

Iwan Toniro

Username in bitcointalk: onetoniro

Profile link: https://bitcointalk.org/index.php?action=profile;u=118030

ETH: 0x133B44B164ACF061814513B208688Db1De4646E3

Facebook: https://www.facebook.com/iwantoniro

Twitter: https://twitter.com/iwantoniro

Telegram: https://t.me/iwantoniro

The 2 trusted community members will take the responsibility to ensure that the ICO is transparent and carried out according to promises in our White Paper. They will be participating in the launch of the ICO in as follows.

We have two 2-to-3 multisig wallets. One for XRED Dev and the other one is the Community Wallet. The fund, you and everyone who participates in the ICO submit to. XRED can be Bitcoin, Ethereum, and Litecoin. The funds are transferred by you directly to the Community Wallet as you submit your funds to exchange for XRED tokens. The community wallet is a 2-to-3 multi signature address. The holder of the keys to this wallet are XRED Dev, the first member and the second member (the two people mentioned above). Each transaction must be confirmed by at least two key holders to take effect.

The two trusted community members can ensure that nobody is issued additional hidden tokens, for example, as they allow the community to see the transparency and accountability of XRED. The fund transfers will be available for the community to see on the blockchain and in the XRED ICO Wallet app.

The two trusted community members will

-Serve as key holders for the Community Wallet

-Ensure the total amount of tokens issued and the funding distribution are according to our White Paper.

-Check whether the minimum funding target amount is reached

-Check distribution of tokens

-Closing of ICO

For more information, please find Smart Contracts GitHub Page:

Visit XRED’s website at: https://xred.co

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XRED Foundation

The First Cryptocurrency fund for real estate development and investment. Visit: https://xred.co