X528
{"type": "project", "title": "X528", "logoImg": "bafkreib43dpb2wtgfrx52ngq4dsha7iix4aniotq5rldw5qxixtormfwrm", "website": "https://www.x528.io", "bannerImg": "bafkreid3gmridajhhdcqlec4bj3gpq3iab3eko5mlr2socnxpjsfyytj4u", "createdAt": 1691757664534, "userGithub": "magduf", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..fywtAZrIcr3WZAc1avufjnwGtVq0Bqe4sctxgSzdySxZatKPJJ77wVUeWuDxwQGPtIlmGPz9mQWM6qRMlExaBg", "type": "Ed25519Signature2018", "created": "2023-08-11T12:12:23.091Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-08-11T12:12:23.091Z", "expirationDate": "2023-11-09T12:12:23.091Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x9584Ed5DDF3cD3a447EB8504B399fdc3Fc4eE6E3", "hash": "v0.0.0:4qcYnV8T3qwdUZv1fwafocbo31YGB1TCbR+cVtn+1rI=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#x528DAO"}}}, "description": "X528\nTwitter (9.7k followers)\nDiscord (12.5k members)\nTelegram (5k members)\n\nhttps://youtu.be/cD7Tq4CgPyI\n\n\nINTRO\n\n\nWhen we set out to build our platform, we had a specific vision in mind - To build a DEX aggregator that’s not only far easier to use than existing solutions, but one that offers superior functionality, is bridgeless (more secure) and boasts a seamless cross-chain integration that consistently finds the best prices for transactions. Rolling all of this up into one solution makes X528 unique and we’re confident that we can provide a public good for the space by making bridging faster, cheaper and significantly more secure.\n\nX528 will initially be launched on the Ethereum and Arbitrum networks. Future integrations will include the Polygon, Optimism, Binance Smart Chain, Avalanche, Fantom and Solana networks.\n\n\nPROBLEM\n\n\nBlockchain bridges are highly susceptible to attacks. Examples of value exploited include - Ronin: $600m, Binance Bridge: $570m, Wormhole: $236m, Nomad: $190m, Harmony: $100m. \n\nBlockchain bridges are also slow and expensive, and as a result, millions of users remain in the dark about the equitable value of their transactions across blockchain networks. \n\nThe demand for cross-chain interaction is growing by the day, with a large number of existing solutions only offering their services on a single chain.\n\n\nSOLUTION\n\n\nX528 offers a decentralised, bridgeless solution that allows users to trade across multiple chains simultaneously, in an instant.\n\n\nBy enabling non-custodial bridgeless cross-chain transactions, X528 eliminates the risks that bridges pose, ensuring transactions are secure and for lower fees.\nOur proprietary developed algorithm ensures users consistently find the best prices from a variety of sources. Transactions are also settled instantly, offering a quicker solution than existing cross chain DEX’s.\nThe X528 mobile app has an easy to use interface, making it a far smoother experience than existing mobile solutions.\nOur Web MVP has already launched, and the mobile MVP will be launching in the coming weeks.\n\n\nTEAM\n\n\nMark Magliocco, CPA (Co-Founder & CEO)\n10+ years of management and finance experience\n4+ years of blockchain experience\nSuccessfully delivered over $400m in projects\n\n\n\nMagnus Dufwa (Co-Founder & CTO)\n23+ years of development experience\n7+ years of blockchain development experience\nFounder of Blockalize\nPrevious CTO of OjamuAI\nPast startup successes include Shipchain and Chain Guardians\n\n\n\nErnie Parcon (Co-Founder & CMO)\nFounder of ND Marketing a design and marketing agency\n5+ years of blockchain experience\nPast startup successes include WodsClub, Richcycle, Cuddleme\n\n\n\nBrian D. Evans (Advisor)\nFounder of BDE Ventures an Inc. 500 top 25 marketing and consulting company\n#1 on the 40 Under 40 List in 2023 (LA Weekly)\nJudge on the TV series “The Next Crypto Gem”\n\n\nGOVERNANCE\n\n\nThe X528 DAO governs the X528 Network. The DAO governance is managed and operated by X528 token holders who participate in the staking program. The X528 DAO enables the community to have direct control over the organisation.\n\n\nFUNDING\n\n\nWe're looking to raise $50k to help us begin developing v2 of our platform. Additional funding is planned, through Angels, launchpads and an IDO. $255k has already been committed to date.\n\n\nTOKENOMICS\n\n\nEcosystem (60%) - Allocated to token sale and community treasury \nCore Contributors (20%) - Allocated to community contributors, team and advisors\nCommunity Incentives (10%) - Applied towards community development, growth and partnerships\nLiquidity (10%) - Used for token liquidity and DEX/CEX listings\n\n\nTOKEN UTILITY\n\n\nOur governance token is deflationary and offers holders staking rewards along with discounted fees for using the platform.\n\n\nFor more information check our whitepaper: https://x528.gitbook.io/x528-whitepaper\n\n\nThanks so much for this opportunity and we look forward to participating in the Eth Infra round!\n", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "x528-Technologies", "projectTwitter": "x528DAO"}