Article Summary, Automatically Generated By AI
Summary of XGOLD COIN WHITEPAPER
Introduction
- Xgold Coin: a utility crypto-currency for distributed payment systems
- Bridging the gap between Bitcoin’s store-of-value and XRP’s transaction speed
Vision
- Tokenized digital form of currency and commodities on Distributed Ledger Technology
- Xgold Coin aims to solve value transfer problems and represent a significant portion of the $11.3 trillion Gold Market Capitalization
Notice
- Xgold Coin project does not offer investment contracts or securities
- No initial coin offering (ICO)
- Users should
About XGOLD Coin: A New Era of Digital Assets
XGold Coin Whitepaper
Introduction
Xgold Coin presents a versatile, utility-focused cryptocurrency designed for distributed payment systems, leveraging the consensus algorithm inherent in the Ripple Protocol. By bridging the gap between Bitcoin’s store-of-value functionality and XRP’s exceptionally rapid transaction speed, Xgold Coin facilitates seamless value transfer, harnessing the power of robust, collectively trusted peer-to-peer servers and sub-networks, all while maintaining an impressively low network cost and negligible carbon footprint.
Our Vision
‘The train has left the station’ – It has become unequivocally clear that currencies and commodities, once confined to physical forms or paper representations, will perpetually exist in a tokenized digital form across Distributed Ledger Technology, verifiably authentic and controlled exclusively by the private-key holder. Proponents of Xgold Coin firmly believe that while XRP is more than capable of resolving all the world’s payment conundrums, it takes a team of highly skilled individuals focused collectively on a particular problem, culminating in the necessary relationships responsible for breaking boundaries and forging technological advancements. By integrating with the global network of gold vendors, Xgold Coin seeks not only to resolve the issue of value transfer between A and B, and B and A, but also A to C, C to A, or any other receiving party. It is envisioned that one day Xgold Coin could represent a significant proportion of the current $11.3 trillion Gold Market Capitalization – tokenized and distributed across the XRP Ledger (XRPL).
Important Notification
The Xgold Coin project explicitly refrains from offering any investment contracts, company interests, or enterprise stakes. The decentralized nature of the XRPL, community-driven development, and utilization of Xgold Coin do not constitute an investment of money, contract, scheme, or transaction within a common enterprise, with a reasonable expectation of profits. Although the perceived value of Xgold Coin may fluctuate over time and potentially increase, users should not anticipate profits derived from the efforts of others. Notably, there has never been, nor will there be, an initial coin offering (ICO). The Xgold Coin project does not meet the definition of an investment contract under the Howey test of 1946, and therefore is not a security protected under the Securities and Exchange Commission’s consumer protection regulations. Users are advised not to buy, sell, or trade their assets into Xgold Coin if they intend to invest in securities, common enterprises, or investment contracts. For securities investments, it is recommended to consult a competent securities broker.
Indemnification and Liability Protection
User hereby agrees to indemnify, defend, and hold harmless all parties involved, including but not limited to users, founders, issuers, developers, marketers, contributors, sponsors, associations, companies, employees, agents, owners, holders, trusts, grantors, trustees, beneficiaries, successors, traders, wallets, and exchanges, against any and all losses, damages, claims, liabilities, or expenses, including but not limited to attorney fees, arising from or in connection with the use of trustlines, the acquisition, use, transaction, sending, receiving, or disposal of Xgold Coin. The user’s utilization of trustlines and Xgold Coin is explicitly at their own risk, and constitutes a private transaction of equal value for personal use only.