The VISION of XTRA is a decentralized, open, transparent and efficient community-autonomous digital asset trading platform. It allows users to become platform builders and operators and they no longer need to worry about serious risks such as price control, assets loss and privacy leaks associated with centralization.
Relying on POW (Proof of Work), Bitcoin encourages global users to mine and participate in the accounting and maintenance of their online books, so that Bitcoin network has sufficient computing power to provide security for the transactions of the global users.
Referencing to the Proof of Work mechanism of Bitcoin and using XTT as a proof of equity to form an incentive effect on platform users, XTRA builds an efficient distributed network collaborative autonomous community, which provides powerful support for the operation and development for XTRA and makes XTRA possess the transparency and security similar to Bitcoin.
“POW” Mechanism of XTRA: 50% of XTT will be awarded to community members who contribute to platform asset liquidity in the form of “Mining Fee”.
XTRA will allocate 80% of the platform transaction fee income to XTT holders. At the same time, each XTT holder has the right to participate in activities such as community development/voting to truly release the power of platform governance to all community members.
August 8, 2018 (SGT)