The three major challenges the average investor grapples with in the crypto market include privacy, exorbitant cost of transaction and slow speed of confirmation. But with COLX, those vital issues are fully addressed to give you confidence as you transact business using the coin.
COLX, which is the token name is designed to be highly decentralized and make transaction fees for customer-to-customer (C2C) and business-to-business (B2B) about the lowest in the industry besides taking care of the privacy of users.
The improvements ColossusXT is bringing to the crypto world
Though ColossusXT does not boast of being the world’s first privacy-enabled cryptocurrency, it is built upon PIVX, which is equally built on the famous DASH cryptocurrency, with a lot of improvements added as the COLX blockchain was engineered to enable the protection of users’ privacy as they transact with the coin.
With a large supply of over 10 billion coins, COLX is intended to bring about a split with popular traditional currencies that is below 1:1. This leads to transaction fee that is almost zero, a feat that gives it a competitive edge over lots of its counterparts. This makes it possible for individuals with low investment portfolio to be able to compete favorably with the “whales” as well as individuals with high net worth.
ColossusXT is also introducing the Colossus Grid, which is a distributed grid computing framework that is highly decentralized and encourages privacy-friendly economy. It will be built upon the several privacy features that are essential to COLX’s mission of becoming the consumer’s privacy coin — most importantly, I2P and the Zerocoin protocol. It will combine grid computing with decentralized storage features and thus make resources available that now sit unused on the computers of thousands and millions of potential users around the world.
Additionally, it will be able to decide prices for everyday items since it is a general-purpose decentralized marketplace.
Watch full promo here
With COLX, other important issues are equally addressed such as:
- The choice to determine transparent and private transactions
- Speed, scalability, reliability and security of transactions
- Extensive access and user-friendliness
- Sufficient incentives for taking part in the Colossus Grid and COLX network.
Opportunity of passive income as well as helping to stabilize the network
COLX’s masternodes are currently lower than what obtains with other networks. This presents you an opportunity to earn a higher return-on-investment (ROI) even though your investment in masternodes is on the average.
With lower masternodes and a near zero transaction fee, investors have the chances of earning huge profits from multiple fronts.
As the barrier to entry for COLX masternodes will increase over time, due to likely price appreciation, one of our main goals is to deliver a Shared Masternodes technology which permits smaller investors to pool their coins in a trustless and secure way, and collectively reap the benefits of providing network services.
This new COLX masternode technology will expand the capabilities of the backbone infrastructure supporting the network, and will ensure that it is capable of handling the transaction loads and data storage requirements of a mass-market user base
In summary, the maintenance of masternodes offers the following tangible and intangible perks to their owners:
− Participation in COLX governance and the security of the COLX network
− Masternode rewards
− Commodity option for future sales
COLX Main Principles
The main principles that guides the COLX team’s work:
− We believe in empowerment of the individual, and of communities.
− We believe in the right to free speech, and in the freedom to conduct commerce as a core component of that right. This can take many forms, whether it is the freedom to contribute to a cause, to buy and sell products and services, to raise money through crowdfunding, or to run a business that has value to your customers.
− Using blockchain and related decentralized technologies, we want COLX to help individuals and communities take back economic power to achieve their goals more efficiently with greater independence and without the compromises of needing to give up data and being subject to control of corporations and other centralized groups.
COLX runs on a Proof-Of-Stake (PoS) system which allows anyone with a concrete proof of holding COLX to assist in securing the network. That simply means that such holders have an opportunity to create the newest block.
Multiple wallets for COLX holders
ColossusXT is currently working on making several wallets available for all COLX holders. In pursuant of this, they will introduce two new mobile wallets (iOS lite and Android lite wallet) in 2018. While the Android Beta is now available to the public to download on the Google Play Store — https://play.google.com/apps/testing/colx.tech.team, the iOS wallet will be accessible on the Apple App Store in Q3. In addition, they will refine the desktop and web wallets that currently exist.
The web-based wallet is also available for users who prefer alternatives that may be more convenient for them and who are unable to, or do not wish to run the Core wallet on their phones or personal computers.
While there have been several privacy-enabled cryptocurrencies on the market, ColossusXT comes with a different approach, covering multiple areas that give the user a sense of true privacy, independence and economic empowerment as well as the freedom that they may not find elsewhere. The world waits with great expectation as ColossusXT unveils the features that make it the cryptocurrency of the future!
ColossusXT released their whitepaper on 25th March 2018 — Read it here https://colossusxt.io/whitepaper/
RECENT PARTNERSHIPS
COLX has also announced a partnership with POLIS.
PolisPay is a platform that will convert your colx into fiat currencies worldwide for use in real life / everyday purchases.
Beta test of physical Mastercards should start within a month.
COLX has already been integrated into their amazing Mobile App, https://play.google.com/store/apps/details?id=com.polispay.copay&hl=en_GB
COLX has announced a partnership with FLOGmall.
FLOGmall is an e-commerce site created for users who sell and buy various products and services using cryptocurrency — https://flogmall.com/
The COLX community can utilize this platform after June 26th.
COLX has announced a partnership with CryptoEmporium
COLX has secured an important marketing opportunity to raise awareness to new investors by forming a long-term partnership with CryptoEmporium — A crypto e-commerce site used to buy luxury items such as cars/motorbikes to yachts, watches and more — https://www.cryptoemporium.eu/
COLX is planned to be listed in Next Exchange this week
https://next.exchange/
COLX is a winner of phase 1 listing competition for CryptalDash
CryptalDash is a robust cryptocurrency exchange and trading platform. Equipped with an institutional grade matching engine as well as third party exchanges order routing capabilities all under one Dashboard.
CryptalDash not only enables the trading across platforms and Crypto Assets, but also across-platform which enables effective price and product discovery.
http://www.cryptaldash.com
For more information, please visit the official site — https://www.Colossusxt.io
For business inquiries please email — [email protected]
Follow and stay updated https://twitter.com/ColossusCoinXT
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://medium.com/@greatgamaxt/debuts-with-an-extremely-resource-friendly-privacy-enabled-cryptocurrency-with-low-transaction-fee-18d21867a4c4
Congratulations @xquad! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
Congratulations @xquad! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!