An analysis of the XRT Foundation's system

Introduction

The rate at which the world is moving towards a technological age has made old ways of doing things look trivial. Introduction of machinery, robotic, sophisticated technologies has revealed many flaws is all facet of life with the food industry not being an exception. Even though the food sector is functioning properly, applying modern technologies can improve the entire process chain in the sector. Thanks to the revolutionary blockchain technology that transform most industries as we spread.

As the smart guys' gears towards this life-changing technology, XRT Foundation is also making a move to introduce the technology into the food industry. In the case of XRT foundation, they focus more on the payment processes in the sector. They aim to establish partnerships with the big companies in the food sector to solve the problems regarding payments in Food industry where the XRT coin is going to be utilized and serve as a replacement for cash and card payments.

Problem Space

Card payment can sometimes be boring and annoying. A typical instance is shopping at a mall. When you got to the counter to make payment, you realized there weren’t enough funds on your card or your bank had placed a restriction on your card. That’s embarrassing, right? Besides, the credit card transactions take time due to the verification mechanisms. There is also a high probability of high transaction fee by third parties (payment processors).

The issues of credit card hacks can’t be left out. Credit card holder sometimes fear or feel unsafe to use their cards online or in the retail shop due to the high rate of stolen cards that still has no comprehensive solution. Having this problem at hand, XRT Foundation has come in the existence to solve this issue.

The XRT Foundation Solution Model

With the help of the etherium blockchain and smart contract, XRT foundation seeks to enforce the use of “XRT” tokens as the primary mode of payment in the food industry. The use of a mobile application will aid in harnessing the entire payment process. To fulfill usability and user experience goals, the mobile application will be available on both IOS and Android with an amazing and intuitive user interface. XRT comes with great features which include the following:

• Secured Network: One primary benefits of apps built on the blockchain technology is security. When it comes to business, customer’s sensitive data should be a subject of high priority. The etherium blockchain will provide additional security to financial transactions executed on the XRT system. Smart contracts enhance another security layer on the platform. They are free from frauds, interference or speculation. These contracts can be used to facilitate the exchange of anything valuable like money, shares, content, etc.

• Low Transaction Fees: It is relatively cheaper to send payment with ERC-20. XRT following the ERC-20 protocol will contribute to cheaper fees as compared to credit card payments(This is due to the involvement of third parties in the credit card payment process)

• User Protection: Payments made with XRT is anonymous. Sender and receiver’s information is unknown. This will make clients and users feel safe and confident in the cause of utilizing the XRT system.

• Tradable: The most fascinating part is that the XRT tokens could be traded on global and local exchanges for FIAT money. XRT also has good liquidity (easy to convert to other currencies without losing it value completely)

• Other feature may include: Fully digitalized, sufficient supply and several others.

The XRT services

The XRT services supplement the platform for better customer/user satisfaction. This covers a wide range of tools and services through the Global Decentralized Network based on the blockchain technology such as

• Wallets for XRT holders to securely store their coins on mobiles, tablets, PCs, and laptops.
• Global exchanges that will help users to exchange their XRT coins for other cryptocurrencies like BTC, ETH, LTC etc. and FIAT money($,€, £, ¥)
• Others include; mobile app, e-Bills, crypto e-pay, XRT Advertising etc.

Conclusion

The XRT Foundation’s project is a game changer. It has good utility and focuses on addressing real problems. The project has great potentials and experienced team members who are experts in their respective fields. The entire project has been properly planned and gradually making significant process.

COIN DETAILS AND DISTRIBUTION

Below are some of the basics about the XRT Foundation schedule that stakeholders and investors will like to know.

Token Details
Contract Address: 0x99092a458B405fB8C06c5A3AA01CFFd826019568
Symbol : XRT
Decimal : 18
Total Supply : 500000000 XRT
Maximum supply : 1000000000 XRT

Token Sale Details
Pre-sale
Price 1 XRT = 0.000100 ETH
Start Date = 1st June 2018 (00:01 IST)
End Date = 30th June 2018 (11:59 IST)
Bonus = 50% Coins 1 ETH = 10000 + 50% Bonus

ICO Phase 1
Price 1 XRT = 0.000125 ETH
Start Date = 11th July 2018 (00:01 IST)
End Date = 26th July 2018 (11:59 IST)
Bonus = 30% Coins 1 ETH = 8000 + 30% Bonus

ICO Phase 2
Price 1 XRT = 0.000167 ETH
Start Date = 1st August 2018 (00:01 IST)
End Date = 15th August 2018 (11:59 IST)
Bonus = 15% Coins 1 ETH = 6000 + 15% Bonus

ICO Phase 3 (Final)
Price 1 XRT = 0.000250 ETH
Start Date = 16th August 2018 (00:01 IST)
End Date = 30th August 2018 (11:59 IST)
Bonus = 5% Coins 1 ETH = 4000 + 5%

Token Allocation Details
• ICO (66%) 330000000 XRT
• Foundation (6%) 30000000 XRT
• Strategic Partners (8%) 40000000 XRT
• Team Member (10%) 50000000 XRT
• Airdrop & Bounties (10%) 50000000 XRT

TEAM MEMBERS

ROADMAP

2017
Q-4:

• Project planning and market research
• Tie up with technical experts and advisors
• Analyzing problems occurring in food industry
• Study the whole infrastructure of crypto currencies and Blockchain

2018
Q-1:

• Website deployment
• Releasing Roadmap
• Mobile app for Android
• Releasing Whitepaper 1.0

Q-2:

• Airdrop & Bounties
• Marketing and promotional activities
• Events and partnerships
• Start Pre-sale and ICOs

Q-3:

• Distribution of Airdrop and Bounties
• Release of Whitepaper 2.0
• Apply for listing on exchanges
• Mobile app for iOS
• End of ICO
• Launching Windows and Linux wallet
• Listing on domestic and overseas exchanges

Q-4:

• Tie-up with food giants in Asia
• Launching Mac wallet
• Own restaurants and franchises
• Business tour in Asia for development of XRT Foundation
• Advanced features in mobile application
• Listing on more Exchanges

USEFUL RESOURCES

Website--- https://www.xrtfoundation.org/
Whitepaper--- https://www.xrtfoundation.org/public/docs/whitepaper.pdf
LinkedIn--- https://www.linkedin.com/in/xrt-foundation-82a876159
Telegram--- https://t.me/joinchat/GEN9Dg_sdouCzz9LqV9UAg

Content credit:
Bitcointalk Username: quesi_job
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2103403