X-Bank release & resuming of the airdrop program
Dear X-Network community,
Today, we are proud to announce the release of the X-Bank and the resuming of our Airdrop program.
In the first iteration of the X-Bank, you will be able to access our dashboard where you can check your XCASH balance, send and receive crypto-asset and register for the XCASH Airdrop. Your X-Bank account will act like a personal wallet such as the one you have on an exchange.
The X-Bank 1.0 will be the ground base for the products we are developing around it. Our next step in development is to provide a multi-asset crypto exchange directly into the X-Bank. Secondly, our X-Payment service will be powered by our X-Bank transaction system, which will function using the liquidity provided by our exchange.
You can start using the X-Bank by clicking the “create an account” button and easily register.
To create your account, you need to provide basic information that will be used later for your authentication to use our exchange service. A deeper KYC process will be put into practice to access our exchange when it is available. No more information will be needed to access the basic service of the X-Bank (check account, send and receive crypto-assets). To be able to register for the airdrop, the only additional level of verification we will ask is a valid phone number, to help us verify valid accounts.
Once you click register, a confirmation email will be sent to you.
Once validated, you will be redirected to the x-bank front page and will be able to access your dashboard.
On the main dashboard, you will see your total XCASH balance and the payment history of your incoming and outgoing transactions. You balance is also converted into equivalent USD based on the latest market data value.
If you wish to deposit XCASH to your X-Bank account, go to the “deposit” tab to access your deposit address. You can give this address to someone to receive X-CASH, or send directly XCASH from another wallet.
Once the payment has been processed in the blockchain, the funds will automatically be updated in your balance and the history of the transaction will appear in the deposit history.
To send funds out of your X-Bank account, you can go to the transfer tab and send XCASH such as you would do with a regular X-CASH wallet.
Sending XCASH to another X-Bank account will be instantaneous and free (0 fee); this is an off-chain transaction.
Register for the XCASH monthly airdrop
On the airdrop section, you will be able to register for the airdrop and check the airdrop registration dates. We also indicate when the airdrop distribution starts.
You will have to go to the settings tab to verify your phone number.
To verify your phone number to access the airdrop, we will send you an SMS with a verification code. You will need to choose the correct country code (for example, +33 for France) and start your phone number without the 0.
A verification code will be sent to your phone by SMS, that you can put into the form bow that appears.
Once your phone is verified, you can register for the current airdrop.
Referral System
Each X-Bank account has a referral address. This address can be given to people wishing to register to the X-Bank to earn a bonus on the airdrop.
At the moment, the referral program will increase the amount you will receive during the airdrops by 25% per person referred and by 25% if you have been referred.
Only validated account and airdrop subscribers will be counted for the referral bonus.
In the future, additional bonuses will be given to referral, notably when we open the exchange.
Your referral address will look something like this:
https://x-bank.io/signup?reflink=92fc2685-b61e-4c0a-984b-cc36240eb694
The “92fc2685-b61e-4c0a-984b-cc36240eb694” part is your user ID. If you wish to refer someone that has already created an account, you can give him this part that he can manually enter in his “your referrer user ID” field.
What is the future of the X-Bank?
The X-Bank will be the base for our X-Payment solution, enabling fast cryptocurrency transfer with instant crypto to fiat conversion. The aim is to facilitate payments between users and merchants.
We plan on releasing the first product of X-Payment with our Discord Community payment system that will be managed by the X-Bank.
In the X-Bank 1.0 version, only XCASH is supported. We plan on adding support for more cryptocurrencies, and ultimately FIAT with a low fee conversion solution.
This will pave the way to the development of our own crypto exchange that will be hosted by the X-Bank.
The exchange will enable better liquidity to facilitate instant transactions and currency conversions.
The exchange will be accessible to X-Bank account holders from the dashboard.
Last notice
The X-Bank is out and ready for you to use. There is still a lot do to but the current iteration will be a ground base for what is to come. If you encounter any bugs or have questions, please do not hesitate to contact us on the X-Bank support section on our Discord: https://discord.gg/KsBZkhA
For more information about our project, please visit https://x-network.io and https://x-network.io/x-cash
