One of the government problems is fiat money. It is not backed by a physical commodity like silver and gold. The value is derived from the relationship between demand and supply. It has a risk to lose value because fiat money cannot link to physical reserve. When an inhabitant loses faith in national currency, their money cannot hold the value. This is different from a currency backed by gold. In the past time, in the United States, the currency backed by gold. The government stops people to exchange the currency with gold. There is one problem again related to fiat currency. The value of fiat currency holds no relationship with economic reality. It depends on the central planner. The quantity is inevitably incorrect.
Fiat currency represents the intangible concept of credit and full faith. There is no individual can responsible for the distribution of fiat currency. They can identify the problem after receiving the consequences. The situation where the quantity of fiat currency increase is the result of economic volatility and price instability. An incorrect quantity can produce recessions, credit booms, and company collapse. Since there are monopolies in fiat currency, they offer a legal way to obtain something for nothing solution. Finally, fiat currency has an unlimited influence on politic life and economic for society.
The appearing of IXINIUM based on the problem in fiat currency. It needs more than four years of research about cryptocurrency, bank instrument, banking world, trading, and market trading. The vision of IXINIUM focus to find some major solution for client, transparency, and safety. Many of the case about client investment, transparency set on the side. IXINIUM is crypto-financial hybrid for client asset protection mechanism. It is different from a bank in the world. The user of IXINIUM creates value benefit to all user.
Actually, there are some elements of IXINIUM. It is a full value force for client protection. The value is one hundred percent based on physical precious metals. There is one hundred precious metal for replacement value. The precious metal is secured and vaulted. There will be daily public asset about account value reporting and third parties audit for public asset account.
IXINIUM will deliver the asset becomes decentralized and transparent. It backed by cryptocurrency. It is fully insured for replacement value. The transparency can be available to own level. The price volatility used to a tender as minimize in IXINIUM.
3. IXINIUM ICO AND TOKEN
IXINIUM ICO represents the creation of XXA by minting and backed the coin with metal bullion. It used token IXAT to move the physical metal to XXA digital coin. There are four types of precious metal, those are platinum, gold, palladium, and silver. It changes into IXAT and develops to be XXA. The value of IXAT is 1: 1 to one dollar. The same amount of IXAT token will be available and transferred by the owner of XXA. IXAT has only one address. IXAT is locked to place under XXA ownership. There is no other transaction in the future for transferred IXAT.
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Name: Ridwan.P
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