The Exchange Union is a platform developed to connect digital asset exchanges from all across the globe. All traded pairs can be accessed using this platform at the best market price and with increased liquidity. The efficiency of your logistics can be significantly enhanced by the Exchange Union. This is achieved by reducing the time taken for transfer of tokens and also by reducing the cost of the process. The Union makes transfers easy by removing the need to set up account manually.
The Exchange Coin Union, also known as XUC in the world of cryptocoins is the brainchild of Huiyin Blockchain Venture. The cross-exchange trading token was developed with the aim of improving efficiency and functionality for the community dealing in digital currency. It also intends to boost the standards of customer service. XUC will serve as a bridge to close the gap between various digital currency exchanges around the world. This will help investors in carrying out cross-exchange trading and clearing, and deposit and withdrawal among various digital currencies and assets.
XUC will operate as a universal coin that can be accepted and circulated across the globe by users. Exchanges are not required to list same crypto-currencies as each other for using XUC. They can also benefit from the additional revenue generated from transaction fees.
The Exchange Union has $80 million in funds. It is also supported by 20 portfolio companies from around the world. These include digital currency exchanges, infrastructures and blockchain use cases. Exchange Union Coin has also partnered with Jinsheng Capital which is one of the largest institutions from China (Assets: $4 billion plus) specializing in private equity management institutions.
The total supply of XUC as on date is 3,000,000,00. Of these, only 2 percent XUC is available for initial circulation and for presale and private placement. 33 per cent is allocated for rewarding exchanges that are registered with the Exchange Union and for performance-based programs. There is a robust and ongoing R & D program for improving user-experience for which 15 per cent XUC has been reserved. 3 per cent has been reserved for promotion and bug bounties whole 2 per cent is dedicated to special contributors. 5 per cent of XUC is for incentive reserve and will be available after a lock-in period of 24 months. According to the Exchange Union, 30 per cent of the coins will be burnt.
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