XGS — WEEKLY REPORT

1.- WHAT DID THE MARKET DO?

Unfortunately, the overall market for cryptocurrency has not behaved very well this week.

We saw a considerable drop in total market capitalization. Having gone from $273.3 billion on July 5 to a total of $245.4 billion today, July 12, the crypto market has lost $28 billion, or 10% of the total market cap.

And this is the data when Bitcoin is included. If we exclude BTC from our analysis, the data is even worse

We went from an initial market cap of $158.7 billion on July 5 to the current $139 billion — a market loss of $19.9 billion, or 12.59%.

In one week, 10% of money has left the crypto market altogether and more still has been channeled from altcoins into BTC.

Given this scenario, the survival of any crypto project is difficult, especially a project in early development, as in the case of GenesisX.

Still, we have endured quite well. Let’s see.

2.- WHAT DID XGS DO?

Valuing the behavior of a project trading for less than a month is always risky because we are considering a currency that still maintains a 951% ROI today and only 231 working masternodes. Due to these factors, the volatility is extreme, of course.

But let’s look at it globally to situate ourselves in where we are and, above all, where we have come from:

The initial price of XGS remains much lower than any current price.

The price quoted in the first days in CryptoBridge was a gift in comparison to later prices, because since the project became well known, and people could confirm its the seriousness, it has never returned to those initial prices. It has been, on average, 400%–500% higher, in addition to the high ROI of the daily rewards.

Once placed in an appropriate context, we can see their behavior this week.

As we can see, a significant drop in prices has occurred over the past few days, caused, among other factors, by the outflow of money from the Crypto world, as we have observed.

On a positive note, we can see strong support at 9,100 and 9,500 sats , which allows us to anticipate a rapid rebound. Also, the candle on Wednesday, July 11, of the preceding graph shows clearly bullish trends.

Currently, it is bouncing from the aforementioned supports.

The seriousness of the project, as well as the good perspectives for real use of Genesis X, allows us to trust in the long-term sustainability of both prices and volume.

Volume is currently at 5 BTC on average.

The order book currently shows 5.45 BTC in purchase orders, which, at the current price, indicates about 8.5 masternodes.

The 22,000 coins in current sales imply only 4.4 masternodes in sales, with which we clearly see a book of orders much more than balanced.

Of the coins, 64.90% are blocked by their investors. This is an impressive figure and is sure to increase as realization of the enormous potential of this project spreads.

3.- PROGRESS OF THE PROJECT

The work these people can accomplish in a week is amazing; it seems impossible. Here, we report the advances made this week:

A new function has been added to the platform to allow uploading files on the secure GenesisX platform and sell them directly to third parties, anonymously and safely. Without a doubt, this is a giant step in the process of global implementation.

· All XGS Masternode owners now have access to a free platform account with 1 GB of storage.

· The beta storage platform is launched.

· We have a big announcement with great news for the future of the platform.

This impetus to launch new projects is the great feature distinguishing those who achieve success from those who survive for a while but eventually fall despite their efforts.

During new launches, XGS, as a team, can detect potential weaknesses and act on them.

Let’s see some of the proposed changes:

· Remodeling of the website with the aim to attract new investors

· Advertisement campaign on Google and Facebook

· Implementation of governance

· Changes in the road map

· New functions: third-party sales

· Chat capabilities and integration with social networks

Several projects will demonstrate that the team of GenesisX can act openly, sharing how and why they will do things and pursuing a clear path with determination.

· Request for the community:

Projects need money to move forward, and the big differences between good and bad projects are transparency and honesty. And if you also ask the community if a project seems right … Well, there is little to say, except what the community has said: FORWARD: 47–6, incredible!

· Development plans for the next month of work include the possibility of paying in FIAT on the platform.

· We will conduct our first marketing campaigns.

4.- CONCLUSIONS

What can we say about this project? In less than a month, GenesisX has made 500% to some of its first investors and maintained hype better than usual in a highly complex market situation. It has the faith of its investors and is transparent about its actions. It is willing to change to improve itself, invests in marketing, and aims to reach the global public.

The thrust of the developers and the quantity and quality of the proposals made weekly are overwhelming, and through votes and comments, the community demonstrates faith in the project.

Only one thing can be said: THANK YOU.

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