The Xank Reserve mechanism calibrates Stable Pay transactions to maintain the fiat denominated peg during the transaction’s lifecycle. The reserve is self-funded by a percentage of the block reward.
Masternode Vote Weighting
Masternodes will establish a Self Sovereign Identity score that is awarded by other stakeholders based on a Meritocratic Reputation Index. They can operate as many nodes as they want, but they can only establish one voting seat.
IMF SDR Stability
Simulated pegging for the purposes of data acquisition to the IMF’s SDR, which is a basket of the world’s major currencies, eliminates any individual fiat currency price volatility.
Xank users can choose stablecoin functionality on a per-transaction basis. Stable Pay transactions are calibrated through the Xank Reserve mechanism ensuring price-stability in fiat denominated terms.See Details
Mirroring the Bridgewater Idea Meritocracy, Xank stakeholders earn voting weight by building up their reputation among other stakeholders through the Self Sovereign Identity score and Reputation Index mechanism.See Details
Exchanges can remove the friction associated with fiat currency conversions every time users sell other cryptocurrencies on their platform while simplifying bookkeeping requirements when activating Xanks Stable Pay feature to retain fiat valuations.See Details
Individuals that frequently exchange crypto to fiat for speculative purposes can maintain their trading strategies with fewer tax implications by ‘cashing out’ of other crypto’s into a ‘fiat equivalent’ crypto.See Details
Merchants can receive fiat equivalent payments and retain the fiat value through to finalization of fiat conversion using Xank’s Stable Pay feature, allowing them to take care of their business seamlessly instead of speculating on the value of crypto holdings.See Details
Businesses and Start-up Funding – the self-funding Xank Treasury will fund projects that are congruent with the Xank Constitution, such as eradicating corruption, pollution, and discrimination. Businesses and start-ups that are aligned with these ideals can submit funding proposals to be approved by the network.See Details
Activist, Communities and Organizations aligned with the principles laid out in the Xank Constitution can submit funding proposals to the Xank Treasury to realize projects that will have a lasting and meaningful positive impact on our world and societies.See Details
Ryan is a serial entrepreneur with 25+ years of experience. He founded Hycom Data Communications Inc. when he returned to Seoul from Silicon Valley with virtually nothing and IPO’ed it on Kosdaq, South Korean stock market twelve years later. He got into Bitcoin in 2015, after realizing that blockchain is the next internet.
Ellie founded Hycare Systems Inc. and worked on Ajou University Hospital, Inha University Hospital, and Yonsei Severance Hospital. She helped in setting up Trak Systems Asia with a partner in Austrailia. She is blockchain architect and attended Yonsei University with a Computer Science degree.
Billy’s technical sales and marketing experience include work as a senior consultant at IBM, HP, and PTC. He is now an avid believer in blockchain technology and an active developer. He attended Yonsei University with a Mechanical Engineering degree and completed MBA program in e-Commerce at aSSIST.
Sung Kim’s finance experience includes work as an equity derivatives analyst at Morgan Stanley and a portfolio manager at Wilshire Asset Management. He is now an avid believer in blockchain technology and an active writer. He attended University of Southern California with a Business Administration degree.
Hwang Daepyo is a technology sector insider with 35+ years of experience in South Korea. He is a former CIO of Korean Air and Hanjin Shipping, two of the largest logistics companies in Korea. He attended Korea University with a mathematics degree.
Taguchi San is a technology sector insider with 30+ years of experience in Japan. He is a former VP of EDS Japan and CEO of Gartner Japan, leading American information technology companies. He attended Tokyo University of Science with a mechanical engineering degree.
Lim Byeon is a Korean lawyer. He passed the 50th Judicial Examination in 2008, completed the 40th Judicial Research and Training Institute, and studied the corporate law at the Judicial Research and Training Institute. He worked as an in-house lawyer at SK Networks Co. Ltd., Coupang Inc. Since 2017, he has worked as a representative lawyer for the Start Law Firm, and he has a second level E-commerce certificate.
Chung Byeon is a Korean lawyer. He received bachelor’s degree from Hanyang University, master degree in civil litigation law from Korea University. He passed the 6th lawyer examination. He has work experience in Otis Elevator Ltd., SK Networks Co., Ltd., and Law firm Hanmack. Since 2017, he has worked as a partner lawyer in Start Law Firm.
BD is an influential opinion leader with 33+ years of IT experience in South Korea. He is a former VP of HP Korea and GM of PTC Korea, two prominent American companies. He attended Seoul National University and KAIST with bachelor’s and master’s Industrial Engineering degrees.
Sun is a cultural industry consulting expert who creates diverse and creative ideas for cultural industries. He has extensive monetization experience through the production, execution, and distribution of innovative companies in Greater China and South Korea. He is a current Korean Representative of SD Asia.