# XBank Official XBANK Whitepaper **A Decentralized Autonomous Platform for Financial Technology** > The contemporary digital economy's revolution has fueled the emergence of digital assets and digital currencies. Transactions have been pushed to blockchain-based technology due to human considerations, security, and speed. Simultaneously, this technology can address issues such as geography, resource availability, and other limits. > XBank's goal is to build a decentralized autonomous platform that is functionally designed in the direction of decentralized and centralized financial utility for specific activities based on decentralized ledgers. > > XBank is an amphibious platform that converts intermediary and aggregate services between fiat and crypto; asset and productive resources are shifting from centralized to decentralized ledger storage # Introduction of XBank {% embed url="" %} ## The basics XBank's goal is to build a decentralized autonomous platform that is functionally designed in the direction of decentralized and centralized financial utility for specific activities based on decentralized ledgers. XBank is an amphibious platform that converts intermediary and aggregate services between fiat and crypto; asset and productive resources are shifting from centralized to decentralized ledger storage ## Creating a token of XBank XBank token (XBA) is a digital asset that is a digital currency and is a tool for XBank to perform the function of financial guarantee, loan support, capital support guarantee for operation XBA has a share function and is a decentralized shared ledger token of XBank, XBA helps Founders and owners to perform the function of investment and hold shares and at the end of the period to receive dividends in case XBank have profit during the period. In addition, XBA also functions as a transaction fee for Blockchain platform's service. # XBA Token Information ## Token information * Full name: Token XBank * Symbol: XBA * Smart Contract: 0x40C0Ba4E74D9B95f2647526ee35D6E756FA8BF09 * Total Supply: 10,000,000 XBA * Distribute in 05 years, release 2,000,000 XBA/year * Platform: Binance Smart Chain * Initial Capital in September, 2021: \~5,000,000 USDT
# Token Allocation ![](https://1768611644-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FraUTc2eLZv5rYRYJuD3d%2Fuploads%2F1jh42OTbL46Z5zvxXjHz%2FXBA%20Allocation.jpg?alt=media\&token=10229f89-2b17-40c2-80b0-5280bcc86417) ## Release Policies Team, Advisor, Partner: 21% equal to 2,100,000 XBA (locked and will be unlocked within 05 years from 2021 to 2025). Development Fund: 69% equal to 6,900,000 XBA (locked and will be unlocked within 05 years from 2021 to 2025) Airdrop: 10% equal to 1,000,000 XBA with each wallet will get airdrop one (01) time only and will not exceed 1 XBA; each country and territory will receive a minimum of 100 XBA # X-Savings Clients will receive continuous earnings (interest) on their deposit, which will be adjusted algorithmically based on market conditions. The deposit value depends on the market supply and demand, as well as APY (Annual Percentage Yield), which changes over time. The XBA Token represents the user's balance. It is received in the wallet for supplying assets to the protocol and functions to accrue value relative to the original asset via the token's interest rate. # X-Swaps Members can exchange their Token X for Token XBank and vice versa through the XBank platform. Due to the development of XBank's decentralized platform, members will soon be able to exchange their XBank tokens for other types of tokens, as well as use other types of tokens to obtain XBank tokens. # X-Insures XBank provides a variety of insurance packages for individuals and businesses. XBank also provides guaranteed services for digital assets that are user-friendly. # X-Loans If a client wants to preserve their present assets but is still looking for a new opportunity to invest, they can use the current asset as collateral to borrow rather than selling it completely This gives the user liquidity (working capital) without requiring them to sell a current asset. # XBank Membership ![](https://1768611644-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FraUTc2eLZv5rYRYJuD3d%2Fuploads%2F80LK7gapTfb3V1ZC7ZHd%2FMember%20of%20XBank.png?alt=media\&token=7cb687db-91d4-4902-bc27-d1a26e978264) There are a total of 1000 Core Founders in the XBank organization. XBank members have the opportunity to become Core Founders by exchanging their XBA tokens by TKX with the Core Founder program, which will be announced occasionally by XBank. # Centralized activities (CeFi) * Mobilizing digital assets and managing capital * Loans and consignment financing * Guarantee of payment, issuance and recovery (especially for real estate sector) * Derivatives * Insurance & Retirement # Decentralized Activities (DeFi) * Peer-to-peer digital asset exchange (P2P Swap) * Profit area (X Earning – Farm, Stake...) * Minning area (Mining and improving Blockchain industry) * Liquidity area * Loans # Combined Activities (CeFi & DeFi) * NFT Market place (Physical and Non-Physical) * Derivatives + Real Estate Investment * X-Pay / X-Wallet / X-Visa Card – Swap (Fiat-Crypto) * Insurance * My Assets & My Values (Future Wills and Inheritance) * Sponsorship, charity and social security * Inheritance And other financial activities. # Value Proposition Since the last few years, there has been a dramatic increase in Blockchain Technology research, plus various attempts to integrate it into a variety of Business Applications. Blockchain technology has the potential to disrupt digital ecosystems by providing alternatives to centralized database management systems. This has the potential to radically transform industries and services by introducing new data storage, transparency, tracking, and payment systems, among other benefits. However, Blockchain Technology is intended to provide additional Value Propositions beyond decentralized storage, such as innovative crypto economic and investment models, as well as radically new forms of decentralized participative governance models, which may lead to the evolution of a new generation of Digital Platforms and multi-stakeholder business interactions. It can contribute to the evolution of Digital Platforms and the Collaborative Economy. # Growth Strategy Open Lending Protocol (Open Lending Protocol): This protocol allows users to loan an asset by pledging another asset as collateral. After some time has passed, the lender will receive the principal with the same interest rate as the original agreement. Derivatives (Derivatives): A type of product other than Defi, derivative contracts can be applied to tokens/coins denominated in another asset, as well as security risks of various types in decentralized prediction fields. A Decentralized Exchange (DEX) is a crypto currency exchange that does not hold users' coins or tokens; instead, users hold their coins or tokens completely and conduct exchanges and transactions through a network of peers known as P2P or peer-to-peer. Decentralized Payments Platform: A payment platform is an interesting application of decentralized finance because it offers products that are compatible with all tokens in the blockchains. Defi products have attempted to make micropayments more efficient and less expensive, thereby improving the scalability of Blockchain networks. Decentralized stablecoins (Stablecoins): These are cryptocurrencies designed to maintain stability. As we all know, the cryptocurrency market is characterized by volatility (volatility); investors can transfer their assets to stablecoins at the same time when the market is highly volatile rather than having to move. must be exchanged for fiat currency # World Blockchain Token (WB) WB Token (World Blockchain) is designated as a universally fair stable coin.\ Convention: 1 WB = 1 USDT; WB is stable value and issued by XBank on Blockchain technology. The amount of the initial issuance is anchored or based on the total assets that XBank has at public wallet addresses with a ratio not exceeding 50% of the total assets of Xbank at the time of primary issuance. The number of WBs generated as value added for each transaction according to the following formula: **WB(add) = r \* WB(tran)** where 0.01%≤ r ≤0.2% and adjusted automatically according to the total supply and demand of the market according to the algorithm to balance inflation and scale growth. WB issuance is recorded in the blockchain ledger with asset reciprocity and published as well as bought and sold on Xbank247.com and other decentralized financial ecosystems. # Risk and Mitigation Despite the fact that Smart Contracts are always rated as highly secure, hackers are very good at finding holes to exploit. As a result, Defi has worked hard to perfect the security features for Smart Contracts. Apart from that, blockchain has long been despised by governments in a number of countries. It's time to mention that Defi will be taking significant action on their main document. Defi has no effect on individuals' interests, but it has an impact on a country's stability. As a result, obtaining a cooperation agreement in the host country will be difficult for Defi, to operate in a country that, like China, has the authority to prohibit all Blockchain-related activities. Blockchain Risk: We are concerned about smart contracts and value transfer risks. Our mitigation strategy is to consult subject matter experts on a regular basis, pay for audits, and avoid experimental chains and contract systems. Furthermore, before main-net deployment, we will always send our contract codes for audits (typically with ). Off-Chain Web Development Risk: We are vulnerable to the risks associated with traditional web solutions. We mitigate these risks by conducting cybersecurity assessments, implementing access controls, testing program code, and maintaining server backups. Regulatory Risk: Regulatory risks may be associated with the application use case, network participants, and cross-border implications between regulatory bodies. Because DVM Pte Ltd is a registered company in Singapore, we must follow the Monetary Authority of Singapore's regulations (MAS). We will stop selling any products that violate MAS regulations and will consider applying for the necessary exemptions and licenses to continue selling the offending product. Existing customers will be able to self-host some of the web-facing infrastructures to continue using these products without interruptions because our blockchain products are mostly decentralized on the blockchain. We will consult with legal professionals on a regular basis to ensure that we remain compliant. # Road Map ![](https://1768611644-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FraUTc2eLZv5rYRYJuD3d%2Fuploads%2FhqsV5kaUR8GhRqZ4AwMD%2FXBank%20Roadmap.png?alt=media\&token=167e75c3-dc11-4406-b95a-234085a122ad) # Background ![](https://1768611644-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FraUTc2eLZv5rYRYJuD3d%2Fuploads%2F8jXqXBHgSWGHy1YnJHYX%2FTeam.png?alt=media\&token=584f4560-3e28-4e1e-81d8-21e593f37ce2) # Team ## **Mr. Raymond Chu** Mr. Raymond Chu has 15 years of experience in real estate, construction and industry. Graduated from Hanoi University of Science and Technology and the National Construction University of the Russian Federation, majoring in appraisal and development of investment projects; specializes in science and technology in research and digital transformation, supply chain digitization in construction, real estate and industrial activities. Research and build a supply chain digitalization model for construction (B2B) activities on the basis of theory and location theory; research, build and successfully develop the liquidity compensation algorithm by smart contract for construction activities on the Blockchain platform. Expert in researching and developing digitalization and digital transformation methodology for Vietnam's national creative startup ecosystem [Linkedin](https://www.linkedin.com/in/raymond-chu-0045521a5/) ## Mrs. Jenny Dang Dr. Jenny Dang, CEO of TOPICA Singapore - Philippines and Thailand, currently leads and manages all of Topica's international partnership activities from 2015 to the present. Ms. Jenny worked as Academic Director of the Center for International Cooperation, Banking University of Ho Chi Minh City from March 2007 to November 2008 and Head of International Study Programs Department of International University Ho Chi Minh City, from 2008 to 2009. Before that, she worked as a lecturer at Banking University and Ton Duc Thang University. With her rich experience, she is also currently serving as a Strategic Advisor at the National Agency for Technology Entrepreneurship Development and Commercialization (MOST). [Linkedin](https://www.linkedin.com/in/jenny-dang-6424b035/) ## Mrs. Sophia Tran Master of Finance and Accounting, graduated from the Academy of Finance with more than 30 years of experience in the field of finance and accounting. She used to hold important positions such as Chief Accountant, Head of Finance Department, Deputy Head of Finance Department at units such as Tea and Fruit Tree Development Project under the Ministry of Agriculture and Rural Development, Corporation. Vietnam Oil and Gas Construction, Vietnam Oil and Gas Energy Technology Company [Linkedin](https://www.linkedin.com/in/sophia-tran-522ba878/) ## Mr. Edric Nguyen Mr. Edric has 13 years of experience in programming, project management, running a construction and software development business. Of which 5 years as a programmer and project manager for portal projects of ministries and provinces, 8 years of research and work in AI, Big Data, IoT and blockchain projects. [Linkedin](https://www.linkedin.com/in/edric-nguyen-b7bb2521b/) ## Ms. Fay Phung Ms. Fay has 7+ years of working in Finance Sectors, Startups & Accelerators/ incubators and a Strong cultural understanding in Southeast Asia with a Master of Science (MSc) focused in Management and Finance (Birmingham, UK) [Linkedin](https://www.linkedin.com/in/phung-minh-phuong-091161141/) ## Ms. Tina Chu Having graduated from Economic Master - Commercial University and is currently a postgraduate in China. Ms. Tina has 10 years of experience in the Bank and Finance field and she used to work with top Vietnamese banks such as Techcombank, TPBank, SeaBank. With the amount of knowledge and experience in the Bank and Finance field Ms.Tina is currently in charge of the CFO at XBANK. [Linkedin](https://www.linkedin.cn/injobs/in/tina-chu-917737225) # Advisors ![](https://1768611644-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FraUTc2eLZv5rYRYJuD3d%2Fuploads%2FzAtAAdem64LmbQ6YKZ8d%2FAdvisors.png?alt=media\&token=0a766e4c-96f9-4e65-80f4-708ddc57c1aa) ## Mr. Edward Ng - Member of SRI Capital Focused on global expansion in Blockchain-cryptocurrency solutions, Fintech, AI, IoT on top of Blockchain Technology 30 plus years of General Management, business development and vendor management in global corporate and SME environment Multi-million dollars revenue, profit and loss responsibilities IT Enterprise Solutions, software development, business analysis, website/APP development, enterprise software integration, mainframe software conversions and testing services HR development, recruiting, hiring, firing, training program development both in the US, and internationally in Europe, India, and China. Excellent interpersonal communications skills, ability to develop and mentor a strong team of -human resources at the entry and management level. Outsourcing expertise of China and India’s business and cross-cultural conditions; with available resources for IT and manufacturing outsourcing In-depth knowledge of inner workings of Fortune 1000 companies and their internal decision-making and budgeting process. Account and project management, vendors and alliance management, major multi-years contract management IT Enterprise Management, Datacenter Infrastructure Services. [Linkedin](https://www.linkedin.com/in/edward-blockchain/) ## Mr. Don Ngo - Member of SRI Capital Experiences with a demonstrated history of working in the investment management industry. Skilled in Business Process, Business Process Design, Business Transformation, Management, and Project Portfolio Management. [Linkedin](https://www.linkedin.com/in/don-ngo-sri/) # VISIONS & RESPONSIBILITIES Considering that Blockchain Technology is increasingly showing its importance in the national economy, especially in its wide application in the fields of finance, real estate, industrial and agricultural production and global trade; Besides, Blockchain technology has been really opening up a vibrant and attractive industry for investment in the near future, when the traditional economy moves to cyberspace and decentralization requires security technology. confidentiality, trust, anti-fraud and even equality in access to equal opportunity, blockchain is the best solution today to do that; With the view of applying science and technology and the widespread recognition of the community with a new challenge, new ideas in line with modern trends; pure desire to make life better, more equal through technology and consensus, taking risks to demonstrate what people can do based on creativity, pioneering technology and community strength. Therefore, jointly developing new economic models based on mankind's achievements is a glorious and risky challenge; Blockchain technology has shown that the founder of new networks or models cannot be the one who can control and/or control the risks and returns; We declare to our partners and the community that the XBANK Project is a community project, for the community and by the Community, especially the Real Estate, Construction and Industry Community.