TIDEiSun announcement: XPA is transforming into an innovative digital asset ecosystem – neXt Personal Assets. XPA smart contracts are aiming to provide a next-gen platform that connects traditional and blockchain assets.
The market cap of XPA jumped from around $100 million to around $320 million in the last four months of 2017, but we’re not satisfied with just a high market cap. We want to change the way you use cryptocurrency, and we want cryptocurrency to change the world.
The original dream of bitcoin, first developed immediately after the financial crisis of 2008, was that of a fully decentralized economic system, one where money was not controlled by the whims of any large institution but firmly in the hands of the people. In a hypothetical cryptocurrency economy, instead of relying on banks or other large financial institutions, anyone would be able to have full control over the money they need, with safety and privacy guaranteed by the neutrality of the blockchain.
Fast forward ten years and cryptocurrency has ballooned in popularity—but for the wrong reasons. Instead of becoming a way for people to have control and autonomy over their own assets, cryptocurrency has become a playground for speculators, with a market saturated with scammers and rapid fluctuations that make it impossible to rely on cryptocurrency for ordinary, everyday transactions.
That’s why XPA’s launching a new line of XPA Assets cryptocurrencies, with XPAUSD, XPAJPY, XPACNY and more. Each XPA Asset is pegged to the fiat currency of its respective nation, making it stable and suitable for daily use in more than five different countries. XPA Assets are generated via smart contract based on the amount of XPA or other major cryptocurrencies users mortgage, meaning that our fiat-pegged XPA Assets are backed by actual value and confirmed by blockchain global consensus. Users can see the provenance of every XPA Asset right on the blockchain: that radical transparency means that XPA Assets are a fiat-pegged cryptocurrency that you can actually trust.
We’re breaking the barrier between physical and virtual assets: because XPA Assets are pegged to fiat value, they have a liquidity that makes it easier to shift from cryptocurrency to fiat money. XPA and XPA Assets, together with other services in the XPA platform such as TidePay wallet, TideBit and XPA Exchanges, form a holistic digital asset ecosystem with multiple capabilities. XPA provides the expectation for growth typical of other current cryptocurrencies, and XPA Assets provide a currency stable enough for long-term investment, token-to-token trades, and are easily converted to fiat money for daily use.
Anchoring digital assets to a fiat currency avoids the turbulence of the market, solving the volatility and rapid fluctuations that often plague cryptocurrency investment and giving cryptocurrency the characteristics of the fiat that allow daily use and exchange. Our XPA Assets are both safer investment prospects and practical enough to do what cryptocurrency was originally intended to accomplish: give people ownership of their own money, with the safety, privacy and trust that comes from relying on data, not imperfect institutions.
XPA is looking to the future. We want to empower more and more people to enter the cryptocurrency world, to begin having authority over their own money and enjoy the privacy and security that cryptocurrency brings. We dream of a world where ordinary people can use our XPA and XPA Assets for everything—buying groceries, paying rent, running their businesses—secure in the knowledge that they’re using a currency that they can trust.
Press Release submitted by Alison at TIDEiSun