Union Bank of Philippines

XOV is pleased to be meeting with executives from the Union Bank of Philippines this week to explore collaboration opportunities.

XOV listed on Mercatox Exchange

XOV is pleased to announce that the XOV token is now listed on the Mercatox exchange at www.mercatox.com.

This is part of an exchange strategy and further listings will be confirmed in the future.

XOV listed on Token Store DEX

XOV is now listed on the Token Store decentralised exchange for the non-volatile version token XOV. More exchange listings will follow. The XOV token will be redeemable against a future asset backed token to be issued.

Global Investment Director appointed

XOV is pleased to appoint Max J. Heinzle to the Advisory Board as our Global Investment Director. Max is qualified in Finance and has experience in investment banking, corporate finance and founded the 21.finance Group, of which he is a Board member.

​Max will be advising on large investments to the project.

New Advisory Board appointment

XOV is pleased to appoint Jaspar Crawley to the Advisory Board. Jaspar has a wealth of experience and knowledge in banking and commodities trading including the gold markets, and has been a Director at the Royal Mint, UBS and Deutsche Bank.

​Jaspar will be advising the project in relation to our currency reserves.

XOV token contract is published

The XOV token (our volatile token) is now operational on the blockchain. The XOV token was offered as part of a recent Airdrop to stimulate interest in the project, and so that our investors could accumulate the token to redeem against XOVG (our stable, non-volatile token) in the future. The XOVG token will be gold backed.

​XOV has been invited to list the XOV token on two exchanges. The max supply is not confirmed yet but is in the region 65M.

Quarterly update – Q1 2018

XOVnet gets closer with our provisional research on how to stabilise digital currency. The XOV Economics and Finance Panel will meet to discuss the research in May.

​The high level architecture is being developed for the XOVnet ecosystem enabling global decentralised banking services to be offered to retail and institutional customers.

​We are also developing our Global Merchant Programme and are in discussions with potential merchants for XOVnet.

​Blockpass have also been selected as our preferred KYC/AML partner for XOV.

Tokenisation strategy and update

XOV has provisionally decided on its long-term tokenisation strategy.

​The XOV token recently offered to the public is a utility token and will be the volatile version of our token. The max supply has not been confirmed but will be moderate to low. The token is being considered for listing on selected exchanges. This token will be vested for qualifying token-holders starting the end of April 2018.

​Two other tokens will also be released later this year. XOV tokens may be available to redeem against the non-volatile version of the new token.

​Further updates in due course.