When X8 will add bitcoin as the 9th currency

X8currency
Aug 24, 2017 · 2 min read

Bitcoin was an aspiration for our company although it was the technology behind ethereum that opened the doors for us. When we were deciding which currencies to use in our solution, bitcoin was all the time in our minds.

Currently, our safe haven for crypto investors distributes assets in 8 FIAT currencies and gold.

Adding bitcoin as the 9th currency is a logical step in the development of X8C token. Nevertheless, some things still have to change with BTC that the cryptocurrency won’t destabilize our solution.

But not many.

As stressed before X8C token is a revolution for the crypto world because it brings stability, liquidity and security. In practice, that means that:

- instead of withdrawing cash from online exchanges to avoid the risk of their insolvency, an investor can choose to convert his assets to a stable and secure cryptocurrency, that is redeemable for each of 8 fiat currencies and gold.

- ICO managers can now fix the value of their collected funds with collecting X8C tokens. Without worrying about the price volatility, they can really focus on their startups and work, while keeping all the benefits of keeping their assets in a crypto currency.

BTC goes hand in hand with our X8C token until we get to the liquidity. BTC at the moment cannot be bought with some of the FIAT currencies that X8C token uses to disperse assets. And that affects the ARM technology which automatically shifts assets between FIAT currencies and gold.

We hope to add BTC as the 9th currency as soon as possible. Hopefully in the next two years. Because BTC will bring additional value to the X8C token from two aspects.

First, due to AI in X8C returns for investors are correlated with the price changes of fiat currencies. Higher the daily fluctuations of currency prices bigger are returns for the investors.

And the volatility of BTC price is still far bigger than any other fiat currency.

When BTC becomes the part of our system, the price of X8C will start naturally to correlate with the value of the child of Satoshi Nakamoto. And no solution in the crypto world can deliver that at the moment.

For more information about the revolution in the cryptoworld check our website, Medium page or join our public Slack channel.

X8currency

X8: The ultimate safe haven for crypto investors. A revolutionary new store of value for the distributed and traditional economy and the ultimate currency.

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X8currency

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X8: The ultimate safe haven for crypto investors. A revolutionary new store of value for the distributed and traditional economy and the ultimate currency.

X8currency

X8: The ultimate safe haven for crypto investors. A revolutionary new store of value for the distributed and traditional economy and the ultimate currency.

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