The 8X8 Protocol team set out to connect and improve the real world and Blockchain. It also promotes DApp activation, including referral, staking, and reward programs. In this article, as Kriptokoin.com, “What is 8X8 PROTOCOL?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is 8X8 PROTOCOL? What does EXE do?
The project aimed to develop optimized projects to produce real economic value with various functions and to provide services in this regard. 8X8 Protocol started to realize the targets in the roadmap in the first quarter of 2019.
Also, 8X8 Protocol is a fundraising based platform. It derives value from future economic benefits by focusing on EXE Tokens to provide the necessary resources for the project. The name is 8X8 Protocol, which is the alliance project of Team 8 and consists of 8 teams.
Ecosystem:
The number 8 in the 8X8 Protocol name symbolizes the hourglass. In the hourglass principle, the sand in the upper part continues to pass through the narrow neck in the middle chamber. However, the stacks at the bottom of the lower chamber exhibit the opposite movement.
A fund that works like the Central Bank plays a central role. In the first phase of the project, it works like a bank within the project. It was established to raise funds as a necessary resource. Team 8’s job is to equip and manage it at the right time. It is centrally controlled through ISOFT PARTNERS NV.
8×8 Protocol stages:
Phase 1: Establishment of the basic ecosystem:
It aims to develop essential DApp services for Token economy based on EXE Tokens. In the first stage, it aims to minimize the changes in the circulation amount of Tokens. All resources required at this stage will be procured at 10 percent of the total amount placed on the market.
Phase 2: Growth period of the 8×8 Protocol economy:
It is the stage where the underlying economy of EXE Tokens realizes steady growth through the establishment of the underlying ecosystem. This is the era when EXE Tokens come to formulate the virtuous cycle enabled in the market. Also, from this period, additional circulation of EXE Tokens can first be allowed through CB as the deflation structure is triggered.
Stage 3: The period of transformation to local government:
This period means that EXE Tokens can no longer be distributed. It also means that team 8’s project can no longer be supported by CB resources. The 8X8 Protocol project, especially the transition to centralization, occurs precisely in this period. In addition, this will enable the 8X8 Protocol to assume the role of the main currency, embedded in its decentralized ecosystem.
What is 8X8 PROTOCOL? How to buy EXE?
Exchanges that can be traded with EXE at the moment; It is Poloniex. To purchase coins, these steps are followed:
First, access the web/mobile application of the stock market that lists the EXE you selected as the first step. Then complete the account opening steps of the exchange. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, select the EXE Coin with the balance amount you want and create a purchase order. Store it in your trusted accounts.
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