Welcome to the XUEZ project — (Proof of past work)

Aug 13, 2018 · 4 min read

What Exactly is the XUEZ Project?

XUEZ (Pronounced ‘ZEUS/ZOOS’) is a community-based cryptocurrency made up of a team of individuals who stepped up to turn their grand vision into a reality. Society’s monetary system as current is centralized, inefficient, wasteful, greed invoking, and invasive to individual’s privacy. The ideal currency should allow for fast transactions, have the lowest possible fee’s, be decentralized, scalable, and avoid harm to our environment. XUEZ believes that individuals should have the inherent rights to private transactions, communications, and data sharing. The XUEZ project intends to correct all these inherent problems plaguing our current monetary system, Bitcoin and most other cryptocurrencies.

Launch and Current Network Status:
The XUEZ project is off to a great start after having a successful launch and coin swap this April. XUEZ was born from the ashes of a prior crypto project called XIOS. XIOS was a crypto project with some great core values with a loyal community following, but unfortunately the developer abandoned the project for personal reasons leaving the community in the dark. The community stepped up to fix this wrong. And like a phoenix being reborn, XUEZ was born out of the ashes as a much improved version on a new blockchain while still implementing the core strengths of the abandoned XIOS. XUEZ now boasts an impressive team of over 30 individuals helping to lead the project to success.

The main-net launch of XUEZ took place with the first genesis block mined on April 6th, 2018. All of the coins needed to complete the swap from XIOS were mined, and then the public release of our wallet took place on April 7th. All of the community members who burned their XIOS coins by the swap deadline were able to receive their XUEZ coins and setup their masternodes. Within 48 hours of our launch, the community had over 250 masternodes securing the XUEZ network. Now at the end of April, there are over 600 masternodes securing our network from all around the world.

Exciting Upcoming news:

Continuing the momentum going into May, BISQ (A P2P crypto digital asset exchange)has agreed to list XUEZ upon release of their next upcoming update. BISQ is a newer project that shares much of the key values of the XUEZ project so we will be happy to grow with them together. Check out their Github to see the evidence of their April 21st commit to list us. (https://github.com/bisq-network/bisq-core/commits/master).

BISQ is a great start to get us trading, but is not all that is planned for the short-term. XUEZ is also currently raising the listing fees to get listed on Coinexchange.io and we have already raised as of the time of writing just over half of Bitcoin required for the listing fees in our current XUEZ masternode Raffle/Lotto promotion and also our #Get-a-node-now channel in XUEZ’s discord. This is a promotion in which a limited handful of XUEZ masternodes are up for sale, which is your chance to get in on the action early before we list on these 2 exchanges.

For details of these promotions, please feel free to join our Discord and read our #announcements channel.

Discord Link: https://discord.gg/sK5aXh

Transition to POS:
We are also excited to announce that upon reaching a block height of 43200, the XUEZ blockchain will transition from a proof of work (POW) protocol to a permanent proof of stake (POS) mechanism which will reward 60% of the block rewards to masternodes and 40% to POS. At this time XUEZ will have implemented its plans to become a purely POS/masternode coin. This reward mechanism is the most environmentally friendly means to have a sustainable cryptocurrency that is also secure from vulnerabilities that plague POW cryptocurrencies.

Other notable achievements:

Important Project Links:

Website: https://xuezcoin.com/

Whitepaper: https://xuezcoin.com/Xuez_White_Paper.pdf

Twitter: https://twitter.com/xuezcoin

BCT Ann: https://bitcointalk.org/index.php?topic=3378762.0

Reddit: https://www.reddit.com/r/XUEZ/

Discord: https://discord.gg/sK5aXhx


Written by

I’m a crypto-enthusiast that’s deeply immersed in the space. I write about exciting new tech coming from the Cryptocurrency space. Writer for Altcoin Magazine.

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