HEXXCOIN WEEKLY UPDATE [11/05/18]

Introduction

Welcome to our weekly update, an initiative from the HEXXCOIN team to keep our dear supporters informed of recent developments to the HEXXCOIN community. We aim to issue regular updates stemming from our willingness to share information with the community and achieve the maximum possible level of transparency.

Team

The HEXXCOIN team has been regularly engaging in meetings to share information and ideas for the future development of HEXXCOIN. The team has recently voted on promoting our fellow team member Kraitos to the core team. On behalf of the HEXXCOIN community we would like to congratulate him and hope he will keep his appreciated contributions to our community. *

Technology

Things have been heating up on the Tech front, with a major wallet update issued. This development comes as a first step towards activating the zerocoin protocol which, as mentioned in the HEXXCOIN whitepaper, will allow HEXXCOIN owners to send and receive payments in a totally anonymous manner. The HEXXCOIN team assures the community that they are in possession of a solution to the zero bug and that, in due time, HEXXCOIN will be one of the first zerocoins to support coin minting and spending in full anonymity.

Marketing

It has been a very fruitful week for the marketing department of the HEXXCOIN team, which, under the guidance of our lead marketer Indominus Hexx, has continued to spread awareness about HEXXCOIN and the upcoming privacy fork with Bitcoin. The HEXXCOIN team is delighted to earn the friendship and support of crypto-celebrity CryptoMocho and Mr. Backwards who have put their trust in HEXXCOIN and joined the elite ranks of HEXXcelebrities!

Exchanges

The HEXXCOIN team has been carefully following the roadmap, which promised new exchange listings in Q2 2018, and are proud to announce that HEXXCOIN can now be traded on blocknet, thus becoming the third new exchange to list HEXXCOIN after exvo.io and cryptobridge. Blocknet has also announced fork support. The team’s ambition has exceeded merely listing HEXXCOIN on existing exchanges and culminated in a far-reaching project where we are building our own exchange! Major development on the HEXXCHANGE infrastructure is currently progressing at a very promising pace. Needless to say, HEXXCHANGE and Blocknet will be supporting the upcoming fork in Q3 2018 and we will keep our dear community posted regarding the other exchanges in due time.

Trading

Not surprisingly, the dedication and hard work of the team has reflected spectacularly on the trading action. HEXXCOIN price has soared, claiming a new all-time-high on the 8th of May against USD/EUR and, satoshi-wise, almost touching the all-time-high of 10th of April. The charts now display a steel-solid support from 70k sats downwards, indicating that the price is quite unlikely to fall below that limit. On the other hand, the advancing buy orders are facing considerable resistance at around 100k sats, yet those may eventually fall under the constant pressure of buying action.

The road ahead

The future of HEXXCOIN has never looked brighter. The team is taking an oath to carry on with their developmental and marketing efforts to catapult HEXXCOIN to new heights. As these words are written, the tech team continues to test code and implement new functions while the marketing team seeks new unconquered grounds to gain more HEXX converts