Here are our frequently asked questions.
You can also use the IIC (Ixinium Information Center) within ChatGPT, optimized to include all Ixinium, Stellar, and Soroban documentation.
Stellar network Ixinium XXA is a new generation hybrid cryptocurrency, which is force majeure protected by physical precious metals backing. Worldwide accessibility on iOS, Android, macOS, Windows, and Linux systems within Stellar decentralized payment network and exchanges.
Stellar has no owner; if anything, it’s owned by the public. The software runs across a decentralized, open network and handles millions of transactions each day. Like Bitcoin and Ethereum, Stellar relies on blockchain to keep the network in sync, but the end-user experience is more like cash—Stellar is much faster, cheaper, and more energy-efficient than typical blockchain-based systems.
More about the Stellar network: https://www.stellar.org/learn/intro-to-stellar
You can buy Stellar XXA from the Stellar decentralized wallets and exchanges.
Buyback is fully automated, using a market buy order to buy a certain amount of XXA from the lowest market sell order position available. There’s no locked-price for buy order function. Whatever the XXA/XLM current lowest market sell order is, automation uses that XXA/XLM pair price to buyback order.
The purpose of the XXA burning is to lower down the maximum Ixinium XXA token supply and increase the physical precious metals packing per one Stellar network Ixinium XXA.The total amount of the Ixinium XXA what the company will burn is 270,000,000 XXA.
The total USD value of the burning process will be +$60,000,000 at the current Ixinium XXA USD rate 1 XXA = $0.2233. This burning process starts in Q4/2021 and lasts until the end of 2022. Ixinium XXA burning includes several transactions, where XXA’s will be transferred to the issuer account, Stellar address: GC4HS4CQCZULIOTGLLPGRAAMSBDLFRR6Y7HCUQG66LNQDISXKIXXADIM.
The current Ixinium XXA supply is 539,857,392 XXA. As the issuer account is locked, any more XXA can not be mint.The total supply after the Ixinium XXA burning process will be less than 270,000,000 XXA.
All the Ixinium XXA burns will have a public report with the blockchain transaction verification.
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