Meteor Games: XBRICK TOKEN REVIEW

INTRODUCTION
What is XBrick?
XBrick (www.xbrick.io) is a global crypto currency exchange owned by X Bockchain Pty Ltd, a blockchain technology company headquartered in Sydney, Australia. The core members of XBrick have previously held senior positions at various ASX listed entities, Australian boutique family offces and premier fnancial organisations. The operating team has strong corporate management skills honed in global high frequency trading and risk management.

WHY XBrick ?

1. Secure high-performance system

a. Secure and reliable

XBrick provides 100% asset reserves by requiring traders to already own tokens they want to sell. No leverage is allowed. XBrick adopts SSL bank-standard encryption transfer, cold/hot wallet insulation, and GSLB distributed server clusters. The multi-level infrastructure improves the system capability, security, stability and extendibility. Most functional add-ons and system version upgrades do not require server halts, so users can enjoy continuous trading.

b. More than two million per second high-performance order matching system

XBrick’s trading system adopts the latest memory matching engine technology. This provides for high reliability, high performance, strong security, extendibility, and easy maintenance.

2. Global Consolidated Order Book

The crypto-currency market is renowned for its decentralized nature, yet this raises the issue of price information asymmetry. To solve this problem, XBrick has teamed up with our strategic partner LiquidAlpha and been developing a sophisticated tech nology which continuously scans and gathers tradable liquidity from channels around the world to form an easy and accessible Global Consolidated Order Book (GCOB) that displays the best market prices and depth for XBrick’s users.

3. Dynamic Liquidity Providing Engine

XBrick uses a Dynamic Liquidity Providing Engine (DLPE) which is designed by a team of seasoned traders and developers with more than a decade of market making and high frequency trading experiences.

4. Advanced Order Types

Xbrick brings Wall Street standard order types to crypto-currency market, introducing Time-Weighted Average Price (TWAP), Volume-Weighted Average Price (VWAP) and Iceberg order types for our users. Integrating automation with these advanced order types will save user execution time while minimized market impact to obtain the best fll.

5. User friendly trading system

XBrick’s trading system has been developed inhouse by its own team. The trading system has three types of trading orders: limit orders, stop orders and batch orders. On some exchanges, stop orders can be used only to chase bull markets but XBrick’s stop orders allow traders to go bottom fshing as well. XBrick users can choose to activate the pricing protection function which will warn every time an order when an unusual price is submitted. This function provides protection for losses due to pric ing typos, which have been common on almost all crypto exchanges. XBrick is devel oping other user-friendly features for its users.

6. World’s first exchange for mBTC

XBrick was the world’s frst crypto exchange to support mBTC, which is 1/1,000 of a Bitcoin. This is improving the user experience of traders

mBTC is Bitcoin. It is not a new crypto currency. The deposit address and the withdrawal address for mBTC are the same as BTC. If a user deposits 1 BTC to his/her XBrick account, the account will show 1,000 mBTC.

7. Cutting edge KYC systems

Despite not being regulated by Australia’s anti-money laundering and counter-terrorism fnancing regulations, XBrick has pioneered an advanced anti-money laundering ID verifcation system to prepare for potential regulations. We put signifcant effort into ensuring our ‘know your client’ process complies with all existing legal requirements.

The ID verifcation system utilized is cutting edge as XBrick has designed appropriate ID checks for users that take into account source country local identifcation docu ments.

8. Currently listed crypto currencies

XBrick operates four marketplaces: ETH, mBTC, BITCNY and USDT. Crypto currencies that can be traded in those marketplaces are BTC, ETH, EOS, AE, CAN, XAS, HLC, BTS, BTO and SEER.

9. Multiple operation languages

XBrick separates the system’s infrastructure from the display languages and employs professional linguistic teams to proofread each language. This structure assures XBrick’s ability to support different display languages effciently. The exchange currently operates in English and Chinese, and XBrick plans to bring on Russian, Korean and others in the future. XBrick aims to support communication in native languages as much as possible.

10. Multiple user interfaces

XBrick supports multiple user interfaces, including:

a. WEB Explorer

b. Android Interface

c. IOS Interface

d. H5 Mobile Explorer

e. PC Interface

Current exchange interfaces

The homepage

The trading system

Future upgraded interface

The homepage

The trading system

11. Going Concern

The survival of XBrick is a key to all registered users and XBC token holders. XBrick’s income model supports the going concern of the exchange and its platform operations through the income streams set out below. The quantum of income from these streams is likely to change over time based upon a signifcant number of variables. Hence potential holders of XBC should be cautious in using this information to derive fnancial projections for XBrick.

a. Trading fee

XBrick charges trading fees for each executed transaction. This trading currently ranges from 0.10% to 0.15% of the executed amount. Different fees are applied according to whether the order is maker or taker as well as the trader’s VIP leve

b. Withdrawal fee

A small fee is charged for processing each withdrawal.

c. Listing fee

From time to time, XBrick selects crypto currencies it considers to be high quality to be listed for trading. XBrick may charge a listing fee.

d. Token sale commission

XBrick may conduct token sales on behalf of other crypto projects. This service will be offered to the best quality projects. XBrick may charge a success-based commission.

e. Other

XBrick may receive income from other sources as well.

Introduction to XBC

XBrick will issue the exchange-based token XBrick Coin (XBC). The total number of tokens will be 1,000,000,000 and XBrick will never issue top-up tokens. XBC token is a blockchain token based on Ethereum’s ERC 20 system standard.

The main features of XBC include:

1. Initially XBC will be hosted in the Ethereum system. Over time the technical team will develop a new and independent public blockchain for XBC, at which point it will be withdrawn from the Ethereum system. In this situation, XBC will become the only token used for all applications and transactions in this new blockchain.

2. The XBrick users will be set by default to use XBC to pay all trading fees on XBrick. In this option, the fees payable will be reduced by a 50% discount than the fees that would be paid using a different crypto currency. For the purpose of calculating the number of XBC required to pay a fee, the XBC will be valued at the then applicable spot price. Users have the option of using the normal trading fee payment method but they will not enjoy the 50% discount. If a user agrees to pay a trading fee with XBC but does not have suffcient XBC in the account, XBrick will withhold the trading fees with the traded tokens, use this withheld amount to purchase XBC against spot market orders, use the purchased XBC to pay the trading fee, and still give the user the 50% discount. XBrick will destroy 20% ~ 80% of the XBC received as the trading fee payment.

3. Some services on the XBrick platform will be exclusive and can be purchased only by using XBC. An exclusive service currently under development is a tailored trading price notifcation system within the XBrick app. The app is available at Google Play and under review by Apple store. More exclusive services will be developed and announced.

4. XBrick currently has 4 crypto currency marketplaces (mBTC, ETH, BITCNY, USDT) to buy/sell other tokens. Under certain conditions XBrick may include XBC as a new marketplace. Incentives such as lower trading fees for the XBC market are being considered.

5. XBC holders may be offered exclusive participation for other token sales with XBrick networks and partners (such as discount issue prices or prioritised selection in oversubscribed sales).

Token Distribution