Dear Crowdstartcoin XCS friends,
most of us receive many nice X-Mas holiday wishes, and, of course, the Crowdstart team wishes you the same: have some relaxing days and a very good start into 2019!
The year 2018 was an interesting year in cryptoland – we all remember very well the steep rise of most cryptos until mid January, followed by an enduring downturn – known as the crypto winter. Many crypto startups folded, also some crypto venture funds have and will. And, nobody really dares to launch an ICO these days.
Our beloved Crowdstartcoin XSC still is too small in value to either dramatically profit or suffer from overall crypto trends. In 2018, we have continued to distribute XSC to members of the blockchain community who add value to the ecosystem. We have broadened our scope of potential recipients by also rewarding community members who add value by writing blogposts, designing logos and other stuff, doing some administration work, etc. Our overall goal stays the same: we distribute free XSC to those who add value to and therefore enhance the blockchain ecosystem.
XSC Wallet Takes Action
This summer, the Crowdstart team had a lot of fun and made many friends by selling Frozen Yoghurt at the DAHOAM Pure Tech Conference against XSC. It was a very hot day and that helped to motivate the conference participants to download the XSC Wallet, receiving XSC via airdrop and then spending these for FroYo, T-Shirts and goodie bags. Out of 1,100 visitors of the conference 1,049 paid with XSC. That we call a conversion rate!
On a more corporate event, the FI-Forum by FinanzInformatik, the IT backbone of Germany’s saving banks that represent 38% of German retail banking, the Crowdstart team provided the XSC Wallet in its white label version and enabled consulting company zeb to offer the zeb DigiTaler – a very good opportunity to bring crypto payments to the attention of FI-Forum’s 8,000 visitors.
We provide the white label version of the XSC Wallet to other corporate events and (internal) crypto payment pilots, too. Based on the experiences of these applications, we develop the XSC Wallet further, make it more stable and even more secure; e.g. the XSC Wallet will feature a KYC/AML integration, soon.
Member of the European Blockchain Association EBA
In November, we joined the European Blockchain Association EBA. This organisation synchronizes blockchain activities and projects all around Europe and is designed as a Decentralised Semi-Autonomous Organisation DSAO; i.e. a DAO based on a comprehensive governance model embodied in a legal entity, registered in Germany. EBA asked the Crowdstart team wether we couod provide Crowdstartcoins XSC as a means of payment and reward for EBA members. Since this is a perfect match – our goals are completely aligned – we agreed and donated 40% of our XSC supply to the EBA. Accoring to their givernance model, the EBA will distribute XSC to its members.
Now, that we – in partnership with the EBA – have laid the basis for a meaningful distribution of XSC, we must create the best possible trading environment for XSC: today, XSC can be traded at EtherDelta, ForkDelta, IDEX and Radar. This is a very good start. However, many XSC holders are unfamiliar with trading at (decentralized) exchanges. Therefore, our goal for Q2/2019 is to be listed at more decentralized exchanges and at one centralized exchange.
Most exchanges require rather high listing fees that we cannot afford because we have never done an ICO and therefore we have no funding for Crowdstartcoin XSC at all. That’s why our goal is rarher challenging. We have approached several crypto exchanges and asked them wehther they would list XSC in exchange against endorsements and recommendations by the Crowdstart team and the EBA. If you are well connected with an exchange, please support us by recommending the listing of XSC! The more liquidity we create the better the result for the blockchain community – let’s aim to make XSC the currency of the blockchain community!
PS: Over the next days we will read and internalise the thinking of this working paper by Nick Gogerty. That should help 😉