FAQ
Q :
What is XTOCK?
A :
A. At Xtock Trading Center, you can trade real stocks with tokens held by investors. At this time, Xtock Protocol and Smart contract are used to prove ownership of tokens among investors, companies, and trustees, and deal directly with investors and companies. (The Xtock is not involved in the contract.) You can also trade your own tokens on the Xtock Exchange by providing a process that allows companies to issue tokens as collateral.
Q :
What are project objetives of XTOCK?
A :
A. Unlike the IPO market, information on unlisted companies in the over-the-counter market is not transparent, and the stability of transactions is not ensured. Therefore, some institutions and a few professional investors are operating mainly. As a result, there is limited funding for early-business entities that need real money or non-technical entrepreneurs with growth potential that need to expand. Xtock Provides a trading platform where companies and investors can directly and transparently trade, and provides a community where investors can share transparent and trustworthy corporate information so investors can trust and invest in the company, Xtock will continue to create a transparent and safe next-generation OTC financial transaction ecosystem that can be financed more easily.
Q :
How does this platform work?
A :
Through the Xtock protocol, the assets of the OTC company are issued as OTC tokens based on Ethereum ERC20 or ERC223 and are transmitted in real time by contracting authorities to enable the tokens to be capitalized. The company and investor are directly linked to this transition so that there is no legal problem, and the contract is made through the contractor. Xtock technically ensures the stability of proof and transfer of token ownership through private block chains.
Q :
Do you have a standard for calculating the price of a token with USD 0.01?
A :
Xtock is a platform that allows brokers to trade stocks using utility tokens, such as trading, and has a platform logic based on stocks, so the price of tokens is fixed in dollars. Xtock`s market capitalization reflects the expected market cap of the OTC entities that will issue tokens.
Q :
Is the Xtock token (XTX) used as the OTC market`s default currency?
A :
On Xtock Exchange, you can trade with cryptocurrencies such as XTX (Xtock token), Ethereum, and Bitcoin. XTX will partially serve as the base currency of the Xtock Exchange. There are also various policies for the liquidity of Xtock tokens.
Q :
Does the price change of the XTX affect the price of an OTC token?
A :
The price volatility of the Xtock tokens will have some impact on the price of the OTC tokens, and the price volatility of the OTC tokens will affect them as well. Good companies should be reflected in the market. The Xtock Exchange applies a one-day rise, a circuit breaker, and the ability to supervise the trading of a small number of accounts to compensate for unforeseen market adjustments.
Q :
What is reserve 40% for?
A :
Reserve is used for operation the Xtock Exchange. It is used as a fund to stabilize the equity investment and the exchange of listed companies.
Q :
What are the benefits of having an XTX
A :
If you participate in an enterprise token subscription with an Xtock token, an additional bonus will be awarded and a percentage of the Xtock Exchange fee will be rewarded as an Xtock token. Also, bonus rewards will be given based on community involvement contributions only to holders of Xtock tokens.
Q :
Is it necessary to have Xtock with KYC?
A :
Xtock is a platform to broker a stock exchange using stock tokens. KYC is a prerequisite for acquiring stocks in the future, as companies, trustees, and investors need to match the information. Xtock will be listed on KYC-listed exchanges only.
Q :
How to apply for Xtock token sale?
A :
Currently, XTOCK tokens are in pre-sales phase and the KYC procedure for pre-sales is opened in the official website.
Q :
What if the company that issued the token was listed on KOSDAQ?
A :
For a company issuing a token to make an IPO, all issued tokens must be recovered. At this time, the investor may sell the token to the company or exchange it for off-the-shelf stocks in accordance with the holding ratio.
Q :
What happens to the coins being recovered in full?
A :
All coins collected by the company will be incinerated. There is no change in market capitalization because it was exchanged for stocks using tokens.
Q :
How to get the distributed tokens back when the company is going to IPO?
A :
The token recall at the IPO proceeds according to the token recall procedure. This is the process of collecting the distributed tokens, which is done for a certain period through the collection transaction. Investors are notified of the withdrawal transaction on the 30th day before the Token Holder Confirmation Date (the date of suspension of the transaction, the date of confirmation afterwards). The transaction will be free until 7 days before confirmation date. After the last 7 days of collection, the investors will conduct the transaction according to the quantity of exchange. If you hold your token until the confirmed date, the token holder will apply for the stock purchase after the final confirmation date. Beginning with this process, the token transaction will be discontinued. If a token holder applies for a stock purchase in accordance with the number of stock exchanges, the stock will be stocked in the investor account. If the number of tokens is insufficient compared to the number of exchanges of stocks, it is impossible to exchange them with stocks. Therefore, investors should keep tokens according to the quantity of stocks they want to buy through transactions during the collection transaction.