P2P platform built on blockchain to enable instant, reliable international money transfers.. Xfermoney ICO ICO rating – not rated.
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PRE ICO Dates : 17/01/18 – 10/02/18
About Xfermoney ICO ICO (token sale)
XferMoney ICO is a secure, transparent peer-to-peer (P2P) foreign currency exchange platform built on Ethereum blockchain to enable instant, reliable international money transfers. Platform is designed to disrupt and replace the traditional way of money transfers by connecting participants directly to exchange money and cut down the middleman, banks or brokers plus costs associated with them. Our main goal is to empower retail customers to exchange money globally with any person, business, or their own accounts in another country at a negligible cost. This should benefit all the consumers who have been paying heavy fees to the existing banks, institutions or brokers to transfer funds across borders. Our expertise in the fields of software development, blockchain, and forex exchange market give us the confidence in creating an unique P2P solution to benefit the end users and provide a better platform for currency exchange around the world.
The XferMoney Platform
XferMoney empowers its users to send money across countries in a quick, easier and secured way at almost zero cost. Platform is built with advanced technology stack integrated into blockchain ecosystem and comes with Interactive user Interface that makes money transfers a very easy process and gives its users more confidence with advance security controls in place through distributed ledger processing. Transactions are processed via automated order matching process that is performed through our state of the art algo engine which seamlessly connect various participants across countries on our platform.
XferMoney ICO core functions and high-level architecture.
The XFM Crowd sale
The XFM is an ERC 20 token built on top of Ethereum network and it is used to power the XferMoney platform. XFM works as a mean to reward or get rewarded for participation in the platform and each fund transfer activity has an associated cost specified in XFM. As fund transfer transactions are carried out on the platform, the platform will be rewarded a fee from the participants involved in the transaction.
XFM Distribution Details
The total supply of XFM tokens that will ever be created is 250,000,000. All XFM Tokens will be generated in a seed block and allocated as given in the chart below. The information provided on token creation, process, allocation and use of sale proceeds is the current plan, but is subject to change in XferMoney’s discretion.