Blockchain Project Evaluation: Can XUC Really Change the Exchange Industry Ecosystem?

The quality of a project and whether the project token is worth investing in are judged by different people. In my opinion, the most important aspects are: 1. Whether the project has real application scenarios and is used to solve practical problems; 2. Whether the project progress is on schedule and whether key technologies have made progress; 3. Community construction. As for why these three criteria are used, they will be explained in the following project evaluation.

The project being evaluated this time is the XUC project (Chinese name: Exchange Alliance)

Project Introduction

To be precise, the Exchange Alliance is an open source blockchain technology software that uses three of the most cutting-edge technologies in the blockchain field: payment channels, atomic swaps, and the decentralized order book patented technology independently developed by the XUC project team to build an exchange alliance network, linking global asset trading platforms, allowing investors to purchase the desired currency at the best price at any exchange within the alliance, without being restricted by the exchange, and realizing cross-exchange transactions.

1. Does the project have real application scenario support and can it be used to solve practical problems?

The reason why this criterion is listed as the first of the evaluation criteria is because it is the main criterion for determining whether a project is an air project. If a project does not have a clear application direction at the beginning of the project, or the direction is vague and unrealistic, and there is no pain point in the real world that needs to be solved, then there is no need for us to analyze the project too much.

As we all know, due to various reasons such as geography, exchange rate, investment environment, etc., the business of digital asset exchanges in various places has become localized, resulting in price differences and incomplete currencies; even in exchanges in the same region, the price of currencies will also vary due to different transaction depths caused by trading volumes. If you have experience in investing in digital currencies, you should be deeply touched by this. This problem has been around for a long time, and there is fierce competition and strict barriers between exchanges. Therefore, some ordinary investors who want to diversify their investments in multiple currencies need to register accounts on multiple exchanges, which is not only time-consuming and laborious, but also causes unnecessary losses due to untimely operations when the currency price fluctuates.

The emergence of the exchange alliance provides a timely and effective solution to this problem. Exchanges using the XUC technical protocol form an alliance. The user operation process of the exchanges within the alliance is not affected. If the user's pending order cannot be met by the exchange where the user is located, the XUC network will automatically match it in the exchanges of the entire alliance, so that users can trade at the fastest speed and the best price. For exchanges, without losing users and leaking user information, liquidity is provided to increase exchange revenue. It can be seen that the XUC project solves the pain points of both users and exchanges at the same time, and it is also a more difficult problem in the current currency market. As a blockchain project, it has real application scenarios and is a high-quality project that builds the underlying transaction foundation.

2. Whether the project progress is as scheduled and whether progress has been made in key technologies.

No matter how good the project idea is, if there is no progress or the weekly report is written in a perfunctory manner, it may be suspected of being a dead project.

According to the weekly report and video recently released by the Exchange Alliance, Daniel McNally, a lightning network engineer of the XUC project, successfully conducted a lightning network atomic swap of BTC/LTC, which means that the atomic swap technology, the basic technology of the Exchange Alliance, has turned from theory into reality, accelerating the process of project implementation.

It is worth mentioning that this is the second truly successful case of lightning network atomic swap in the world, which shows the strength of the XUC technical team.

3. Community construction

The value of a project or the price of a currency is very complex. One of the important factors is the consensus of investors on the project, rather than simply the technical level of the project. Bitcoin's technology is not the best, but it has the highest market value, which is inseparable from the active community of Bitcoin.

The exchange alliance project team gives me the feeling that they have been vigorously building and maintaining the community. Online, there is a good interactive atmosphere on both domestic and international social media. The discussion in the group is very active, especially after the recent successful test of the lightning network, the die-hard fans even said XUC to the moon! In order to increase the activity of the community, the project team regularly selects "active stars" in various ways within the community fan group and gives away project tokens XUC (snow coins).

Offline, the team often conducts roadshows and participates in various technical blockchain summits at home and abroad. For example, it recently participated in the CPC Crypto DevCon blockchain seminar held at Stanford University, and received recognition from many on-site technical personnel.

Combining the above three points, the editor believes that XUC has the potential to change the exchange industry ecology.

XUC (Snowcoin) is a token issued by the exchange alliance, with a current circulation of 65 million. XUC has been listed on OKEX fiat currency trading area, ZB.com, CEX and other large trading platforms. The overall market of the currency market has been sluggish recently, and most mainstream currencies have experienced varying degrees of decline. No one can say whether it is the bottom now. On the other hand, the performance of XUC is gratifying. Although there was no independent market during the bear market, it also withstood this wave of decline. Therefore, in the current currency market where the market is unclear, XUC is a safe investment.

This article is for commercial promotion only and does not represent the position of Wabi.com. Cryptocurrency is a high-risk industry. Please invest with caution. We are not responsible for any losses!