TOKEN
Frequently Asked Questions
What is XAN?
With the popularity of the digital financial world growing at a dizzying pace, and Blockchain-based technologies in particular, we’ve decided to move with the times and bring you new opportunities.
XAN is a utility token that can be exchanged for a commodity. In this particular case, the commodity is a natural extract from hop cones – xanthohumol.
The XAN token is built on the TRON Blockchain decentralized technology platform based on the TRC-20 technical standard, which is used to create smart contracts and implement tokens.
The XAN token (TRC20) is divisible to 18 decimal places.
The buyer of XAN tokens should have a TRX address in the TRON network, created through one of the available cryptocurrency wallets that support this network, such as tronlink.org. Purchased XAN tokens will be sent to the TRX address and will be visible as additional resources, but remember that after creating a TRX address you must first activate it by funding your account with several TRX tokens (even 0.1 TRX is enough), which will only allow you to send XAN tokens to this address.
The XAN tokens are part of a larger project under development, which is EMCODEX.
EMCODEX stands for: Emerging Commodity Decentralized Exchange. The so called commodity market is nothing else than a market, where theoretically goods should be traded, however from the point of view of a potential participant in this market (producer) it is no longer a market, where the real exchange of goods takes place, but it is mainly controlled by speculators, such as banks, financial institutions or various types of funds. The aim of this project is to remove the current barriers to direct entry into the commodity market by producers of various types of products that currently exist in the commodity market or face barriers to entry, bypassing the entire chain of intermediaries that force producers to cut margins.
Why XAN?
XAN is a utility token, and therefore a digital tool inextricably linked to the cryptocurrency market. The digital currency market is attracting more and more private investors, but also institutional investors who see it as the currency of the future. Some proponents like the fact that the currency takes away the ability of central banks to manage the money supply, as over time banks tend to reduce the value of money through inflation. Cryptocurrency runs on a technology called Blockchain, which is accessible to anyone, creating a more reliable and efficient way to store information without being controlled by a centralized authority. This means that all transactions are decentralized, without the involvement of any financial institutions such as banks or the government. Only the payer and the payee are responsible for the transaction, and information about the transaction is made available in real time and updated only when both parties to the transaction come to an agreement.
People want true freedom that correlates with financial freedom, and cryptocurrency gives people an additional, independent means of exchange.
Why did we choose TRON Ecosystem?
As the value of ETH increases, the fees on the Ethereum blockchain increase. Many users accustomed to using USDT on ERC20 are switching to stablecoin on the TRON blockchain.
In 2021, the number of Tether transactions on the TRON blockchain turned out to be higher than on Ethereum. For a TRC20 transfer, the commission is less than a cent, while an ERC20 transfer costs an average of $6-7.
Why did we choose USDT as the settlement currency?
Tether is the largest stablecoin pegged to the dollar. This cryptocurrency runs on blockchains such as Ethereum, TRON and Solana.
USDT settlements are in high demand because they are linked to a common measure of value – the US dollar. USDT is often used to pay debts, make payments, make purchases, and pay interest on deposits.
The popularity of this cryptocurrency has quadrupled over the past year, with about $25 billion in circulation. Tether claims that each of its tokens is secured.
What benefits do you have from acquiring XAN?
Acquisition of XAN token is primarily a financial benefit. The mechanism used to determine the price of the token depending on the moment of its acquisition, the price of Xanthohumol depending on the quantity purchased or the price of Xanthohumol depending on the method of its acquisition means that you can exchange XAN for a commodity at a price that is only a fraction of the market price of that commodity.
Financial benefits can be achieved in 3 groups:
- The price of the token – depends on the moment of its purchase – the sooner the price is lower,
- The price of the xanthohumol commodity – depends on the quantity you buy,
- The price of the xanthohumol commodity – depends on the method of its purchase: Classic Forward or PrePaid Forward transaction.
What is XAN Token price?
The standard XAN token price is fixed at $7 USDT/XAN. By the standard price of XAN is meant the target price, as our program promotes token buyers who decide to purchase tokens faster. The period in which you can purchase XAN at the promotional price is 24 weeks from the start of the program and each week the price will increase proportionally to the target price of 7 USDT/XAN. The benefit is huge as the price in the first week is only 2 USDT/XAN.
The table below provides a detailed timeline of the promotion:
You can purchase XAN token at any time, but its price will increase over time. Similarly, you can exchange XAN for Xanthohumol at a time of your choice. If you decide to acquire XAN early enough, you can also sell it at a profit, but at the same time at a price attractive to the buyer who decides too late to buy it at a promotional price.
What is commodity (Xanthohumol) price?
An indirect yet key factor in the attractiveness of XAN is the price of the commodity you can exchange XAN for. In order to popularize the offered digital tool and maximize its attractiveness we decided to set the conversion price of Xanthohumol with reference to the world’s most recognized supplier of all kinds of chemicals, including Xanthohumol – Sigma Aldrich. The initial (maximum) price we offer will be only 10% of Sigma Aldrich’s current price. What is more, this price will be decreasing depending on the amount of XAN tokens you wish to exchange.
For example, the price of Xanthohumol offered by Sigma Aldrich in September 2021 on the German store’s online site is as high as €57.80 per 1 milligram, and this with a delivery time of at least 3 weeks after ordering and paying. According to our pricing algorithm, you will be able to purchase the same substance (or even better) for up to 7% of its current market price.
It is worth noting that Xanthohumol offered by Sigma Aldrich has an HPLC purity ≥ 96% and Xanthohumol offered by us has an HPLC purity ≥ 98%! In industry practice, this means a dramatic difference in quality. Moreover, due to the extreme rarity of the substance, amounts offered by Sigma Aldrich are measured in milligrams, where e.g. 25 mg is already a wholesale amount. We, with our globally unique and patented method of natural extraction of Xanthohumol, can offer quantities not only in grams, but also in kilograms. This is why we are able to set the price so low in relation to the market price.
How can you exchange XAN for a commodity?
The production of Xanthohumol is a complicated and time-consuming process and the quantities obtained are small. In order to reduce the price as much as possible, we decided to exchange XAN for Xanthohumol by entering into forward transactions.
A forward contract is an agreement to enter into a transaction at a future date, the terms of which are agreed upon in advance. Forward contracts are entered into between two parties without the need for the intermediation of another organization, such as an exchange or clearing house, and thus meet the basic premise for which we introduced XAN.
The absence of an intermediary makes the forward contract an over-the-counter instrument that can be adjusted so that both parties agreeing to the transaction are satisfied with the terms. Forward contracts are most often used to trade commodities, but they are also a popular mechanism for currency exchange.
In a forward contract, the party that agrees to buy the asset takes a long position, hoping that by the settlement date the market value of the asset will rise, and the party that agrees to sell the asset takes a short position, hoping that the market value of the asset will fall. In our case, this is not so important because the pricing terms of our contracts are incomparably more favorable than market conditions. Moreover, the contracts will be relatively short, only 3 months long, so the probability of the market price dropping by 90% (to the price we offer) in such a short time is negligible, if not unrealistic.
We offer two types of Forward contracts, which for the purposes of this program we have named Classic Forward and PrePaid Forward. Each type of contract contains 5 elements: Type of underlying resource, Quantity of resource, Settlement date, Price, Delivery method.
What is Classic Forward?
Classic Forward – a classic forward contract, where both the payment and delivery take place on the Contract Settlement Date.
- Type of underlying resource
- Xanthohumol of a purity greater than 98% HPLC
- Quantity of resource
- The quantitative unit base is 1 milligram, and the Quantity of resource is a multiple of that.
- The Quantity of resource is contracted in LOTS.
- 1 LOT is 50 mg.
- The minimum Quantity of resource is 1 LOT.
- Settlement date
- Three-month contract.
- The Settlement date is determined accordingly to the date of the contract conclusion. For example, for the contract concluded on 20.09.2021, its Settlement date (payment and delivery) falls on 19.12.2021.
- Contract Price
- The Contract Price is the multiplication of the Base Unit Price of the resource (1 milligram) and the Quantity of resource.
- Base Unit Price is determined as 10% of the current reference price on the contract date, which is the Sigma Aldrich price listed on the internet shop page for Germany.
- The Base Unit Price is also dependent on the quantity of the contracted resource and is determined based on the reference table shown under “What is commodity (Xanthohumol) price”. E.g. if the Base Unit Price is EUR 5.78/mg and the contracted Quantity of resource is 500 mg, the Base Unit Price will be EUR 4.9130/mg.
- Since the contract is about exchanging XAN tokens for the underlying Resource, the Contract Price must be expressed ultimately in XAN.
- The Price in XAN will be calculated as follows:
- The Base Unit Price in EUR/mg will be converted into USDT according to the EUR/USDT exchange rate as of the contract conclusion date
- The Base Unit Price in USDT/mg will be converted to XAN at a fixed price – 7 USDT/XAN
- For example, for:
- Base Unit Price in EUR/mg – 4,9130
- EUR/USDT – 1.1566
- The Base Unit Price in XAN/mg will be: 4,9130 x 1,1566 / 7 = 0,81177143
- Delivery Method
- The idea of the blockchain market is to maximise the anonymity of its participants, however, the settlement of a forward contract takes place in a real way, which requires the indication of data of the recipients of the goods, such as personal details, address or method of delivery. Therefore, we will not avoid the need for the other side of the transaction to provide such data.
- The goods will be delivered immediately after the contract is settled – XAN tokens will be sent to the account of the goods supplier indicated in the contract.
- The goods will be sent by courier to the address indicated in the contract by the buyer of the goods.
- All customs and tax obligations related to the importation of goods are the responsibility of the buyer of the goods and depend on the regulations in force in the buyer’s country.
What is PrePaid Forward?
PrePaid Forward – a forward contract which is a derivative of the Classic Forward contract described earlier. In this case, however, payment for the contract is made in advance at the moment of its conclusion, and the goods are delivered in accordance with the contract terms. The advantage for the contract buyer is a significant discount of up to 30% on the price of a standard Classic Forward contract.
- Type of underlying resource
- Xanthohumol of a purity greater than 98% HPLC
- Quantity of resource
- The quantitative unit base is 1 milligram, and the Quantity of resource is a multiple of that.
- The Quantity of resource is contracted in LOTS.
- 1 LOT is 50 mg.
- The minimum Quantity of resource is 1 LOT.
- Settlement date
- Three-month contract.
- The date of payment is the date of the contract.
- The delivery date is determined accordingly to the contract conclusion date. For example, for the contract concluded on 20.09.2021, its settlement (delivery) date will fall on 19.12.2021.
- Contract Price
- The Contract Price is the multiplication of the Base Unit Price of the resource (1 milligram) and the Quantity of resource.
- Base Unit Price is determined as 10% of the current reference price on the contract date, which is the Sigma Aldrich price listed on the internet shop page for Germany.
- The Base Unit Price is also dependent on the quantity of the contracted resource and is determined based on the reference table shown under “What is commodity (Xanthohumol) price”. E.g. if the Base Unit Price is EUR 5.78/mg and the contracted Quantity of resource is 500 mg, the Base Unit Price will be EUR 4.9130/mg.
- Since the contract is about exchanging XAN tokens for the underlying Resource, the Contract Price must be expressed ultimately in XAN.
- The Price in XAN will be calculated as follows:
- The Base Unit Price in EUR/mg will be converted into USDT according to the EUR/USDT exchange rate as of the contract conclusion date
- The Base Unit Price in USDT/mg will be converted to XAN at a fixed price – 7 USDT/XAN
- The Final Base Unit Price will be reduced by 30%.
- For example, for:
- Base Unit Price in EUR/mg – 4,9130
- EUR/USDT – 1.1566
- The Base Unit Price in XAN/mg will be:4.9130 x 1.1566 / 7 x 70% = 0.56824000
- Delivery Method
- The idea of the blockchain market is to maximise the anonymity of its participants, however, the settlement of a forward contract takes place in a real way, which requires the indication of data of the recipients of the goods, such as personal details, address or method of delivery. Therefore, we will not avoid the need for the other side of the transaction to provide such data.
- The goods will be delivered immediately after the contract maturity date or even earlier if possible.
- The goods will be sent by courier to the address indicated in the contract by the buyer of the goods.
- All customs and tax obligations related to the importation of goods are the responsibility of the buyer of the goods and depend on the regulations in force in the buyer’s country.
How are the benefits combined?
All of the above elements that go into making XAN attractive can come together. This means that if you buy XAN in the first week of the promotion, contract above 850 mg and decide to enter into a PrePaid Forward contract then you will purchase Xanthohumol at a price of just €0.81/mg compared to Sigma Aldrich’s reference price of €57.80/mg. So your price will represent 1.40% of the market price!
In order to better illustrate the benefits resulting from the combination of individual elements of the program, we have prepared appropriate statements.
How can you buy XAN Tokens?
The procedure for purchasing XAN tokens consists of a few simple steps:
1. Completing XAN token purchase form.
2. Completion of a simple KYC verification procedure.
3. Paying for the tokens to our wallet address:
– for TRX or USDT on TRON network: TJnAzY88xVj5Q2idB8qhMcow99dZfxmL8X
– for USDT on ETHEREUM network: 0x8e3Ad3A1780Fce61880937b81fD543e58f1ae9a6
4. Sending the tokens to your designated TRX address.
FAQ Shortcut menu
Our team
Tomasz Tokarski
CEO President & Admin
Mariusz Glinka
CTO
Michał Sierakowski
Creative department
Simer Mayo
Project Manager
Wojciech Wójcik
CFO
Kingsley Sunday
Communications Manager
Alejandro Rodríguez Contreras
Sales Executive Latin America
Aleksandra Walek
Managing Director
