XendBit

XENDBIT - Decentralized Exchange

INTRODUCTION
"The future is in the chain; blockchain technology that prevents everyone from cheating!"
It is no longer doubt that Blockchain is presently the most revolutionary technologies that are emerging in the field of information technology, that help to connect data (blocks)chronologically so as to be able to form an inalterable and traceable records of transactions through the process of maintaining a shared ledger in a network on multiple nodes. Blockchaintechnologypossessa core value which lies in the establishment of a secure and inalterable distributed ledger system. 
According to the technical assurance of cryptography, peer-to-peer network communication, distributed consensus protocol, smart contracts and other technologies,it gives room for multiple participants to make use of the blockchain ledger system as a basis for trust for multiple-party transactions, that help to get rid of the need for any additional trusted third parties which allows for low cost and low delay information exchange and transaction processing as well as efficient circulation of digital value.

ALL YOU NEEDS TO KNOW ABOUT THESE PROJECT
XendBit is a decentralised blockchain platform for remittances, payments, aid disbursement, store-of-value, and credit.
Centralized exchanges are susceptible to internal and external security risks. The XendBit wallet uses bank-verified KYC and is being developed as an exchange.
XendBit will be a platform to enable new blockchain-based financial services, taking advantage of the new opportunities presented by the blockchain ecosystem such as smart contracts, ICOs, crypto-loans, venture financing, and tokenization which will power digital identities, certificate registration, and verification services.
XendBit Services
XendBit is a fully decentralized blockchain platform that allows users to trade safely and securely without risking customer funds.
XendCash
Remitting cryptocurrencies and instantly transferring value in any currency anywhere in the world through instant settlements.
XendAid
Leveraging blockchain technology to empower and provide grants and disburse aid by transparent, immutable & cryptographic processes.
XendCredit
Application of blockchain technology for financial inclusion with access to credit after account creation.
WHY XENDBIT?
Unlike most global exchanges which are centralized, XendBit is the first decentralized digital asset exchange focusing on Africa.
Reduced Transaction Cost
XendBit features Xendcoin, which is native to the XendBit DEX. Transactions based on Xendcoin will attract lower fees.
Localized Tether Coins
As P2P trading becomes more fluid, traders can engage and settle trades faster than bank transfers or foreign TetherCoins.
Easy Bank Integration
The XendBit blockchain platform is able to integrate with most banks in Africa and beyond including Nigeria, Ghana, Kenya, South Africa, and Rwanda.
FEATURES OF XENDBIT
1. Smart Identity
Creating an identity on the blockchain can give individuals greater control over who has access to their personal information. Through the blockchain, identities can become globally accessible in a way that creates more transparency for service providers such as financial services, charities, donors, grant makers, and sponsors. A blockchain-verified identity also addresses the challenges of establishing provenance, authentication, and reconciliation faced by many industries. Xend’s Smart ID is a DApp that enables the use of blockchain in areas such as digital identities, banking, passports, e-residency, birth certificates; wedding certificates and online IDs.
The Xend Smart ID Card offers a convenient way for individuals to make micropayments through an embedded RFID which stores the Xend wallet’s private key, encrypted with a two-word phrase.
2. Smart Nodes
Smart nodes are blockchain nodes that require KYC registration of node owners, whereby the nodes run in a semi-permission mode with incentives (harvesting). Smart nodes are associated with a registered and verified XendBit wallet in a way that prevents the possibility of a 51% attack on the blockchain network.
Smart nodes will be further protected by a specially built Linux Operating System (OS) Live image comprising of uniquely selected applications, tools, and packages with zero vulnerabilities that will ensure the highest level of OS security.
3. Smart Java Beans
SJBs are based on the concept of java beans, originally conceived by James Gosling, that can be run on the NXT blockchain. SJBs stateful smart contracts design is also drawn from the lessons of flexibility, scale, and security from digital circuit design principles.
SJBs must follow appropriate naming conventions. For example, methods that must return value must begin with ‘get’ e.g. ‘public long get Account Balance. These types of methods cost 0 to execute and don’t affect the state of the SJB on the blockchain.
4. Xend dApps Platform
The Xend dApps platform inherently employs Java technology scalability features to handle high transaction volume. Often known to clog dApps networks, high transaction volume leads to slower transaction times and inflated fees as seen on other popular dApps-based blockchain platforms. Examples of Xend dApps include XendCash for remittance, XendAid for transparent and more efficient aid disbursement, and the upcoming XendCredit for financial inclusion.
Originally, NXT presented a powerful blockchain with a robust set of features as a leading 2nd generation blockchain. While NXT did not originally support smart contracts, they have now been added as part of Jerulda’s implementation of lightweight contracts. It is noteworthy however that the XendBit team was able to implement smart contracts alongside Jerulda’s current initiative.
XendBit Wallet
Choose a wallet from Android, Windows or MacOS and iOS (coming soon). Buy from a list of Sell Orders in the Exchange Order Book.
XendBit functions not just as an exchange but also as a blockchain platform for enabling transparent transactions within peer-to-peer markets (comprising of lenders, donors, remitters, borrowers and beneficiaries) while reducing the frustration in crypto-volatility with the use of localized TetherCoins.
  1. Secure Decentralised Exchange
  2. Localized Tether Coins
  3. Easy Bank Integration
  4. Sell Exchange Order Book
  5. Remittances and Aid disbursement
WALLET & EXCHANGE FEATURES
A few things set us apart from regular wallets and exchanges.
Payment Options
Buyers are able to pay sellers directly using our decentralized secure escrow service.
Strong Security
Security features include twelve-word passphrase mnemenic code, passwords, 2FA(soon) and Biometric authentication.
World Coverage
Traders can trade borderlessly enabled through decentralization.
Legal Compliance
Our wallets are built with minimal and full KYC capabilities.
Advanced Reporting
We are currently implementing a tax-friendly reporting tool.
Cross-Platform Trading
Wallets are available for Andriod, Windows, Linux, MacOS, and iOS(soon).
Alternative payment
In the near future, our wallet based token (Xend) and Tether will be available to settle trades.
Competitive Commissions
Extremely low commissions with up to fifty percent off.
Conclusively, We can't deny the unlimited open doors being introduced by the blockchain innovation as far back as its development. A few business firms have just begun its selection in parts of exchange preparing and mechanism of installment through cryptographic forms of money. Anyway as interminable as this open doors may be, there are still a few issues being looked by this industry, consequently results in its fragmented reception by the majority. 
Additionally, we can't conceivably discuss blockchain innovation without referencing digital currencies as it is being utilized by a few firms all inclusive as their mode of installments. A few people get these digital currencies for the most part for the sole reason for long haul venture while others exchange them for the most part for momentary additions. As drifting as digital money resources may appear, the commonest platform which they are being obtained from still remains cryptographic money trades.

Token DETAILS
Token Symbol: XTN
Tokens for sale: 100,000,000
Token Price: $0.20 USD
Specifications: XEND token
Max circulating supply: 200,000,000
Token Distribution

Token Allocation
Road Map
With help from our team, contributors and investors, these are the milestones we have achieved and goals we are working to acomplish.
2017 Q1
Android Bitcoin Wallet.
Brokerage and asset custodian service development.
2017 Q2
Multi-Chain Wallet implementation
Support for Bitcoin, Litecoin, Ethereum e.t.c.
2017 Q3
Investigation of Various Blockchain Technologies.
Development of Wallet with Utility Coin.
2017 Q4
Semi-Centralised Exchange
Server-Side Implementation.
Remote Transaction Signing.
2018 Q1
XendBit Blockchain Forked
Alpha Release of XendBit Exchange
2018 Q2
Multi-Chain Decentralised Exchange Features
Fiat-to-Crypto & Crypto-to-Crypto
2018 Q3
Alpha Release of XendCoin Blockchain
Smart Contract Support
2018 Q4
Token Sale
Private Sale, Public Presale
Full-Service Launch
Partner Onboarding for XendCash & XendAid
2019 Q1
Public Sale (ICO)
XendCash & XendAid Blockchain Applications v1.0 Release
API Development
2019 Q2
XendCredit Development
XendCredit Will Reduce the Cost of Micro-lending.

Author

Author: walesodiya
Medium: https://medium.com/@walesodiya
Email: walesodiya@gmail.com
LinkedIn: https://www.linkedin.com/in/wale-sodiya-4595a1164
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2160355
Eth Address: 0xd5138067078B32BA7800b399bC77C49deaA3f2f5

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