XGOX Coin

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XGOX Coin Review

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of XGOX Coin consists of three chapters: origin, technology and pros & cons.

Origin

The XGOX Coin is a re-branded version of the successful virtual currency GoKU Coin. The developers successfully implemented the recent renaming strategy. Moreover, the team behind the XGOX Coin launched the first game leveraging XGOX as a digital currency alongside the rebranding. This was the first among the many games that made their debut in 2017.

The original idea behind the launch of this innovative cryptocurrency (that is essentially a gaming betting coin) was two-fold: usage as a real world currency as well as acting as a catalyst for innovation in blockchain technology.

Technology

The change in branding also brought a change in technology behind XGOX Coin. Earlier, the supporting technology was hybrid PoW/PoS algorithm. The current technology is completely Proof of Stake (PoS).

The coin also offers gigantic PoS rewards, up to the order of 250 percent.

Pros

  • Unlike many other digital currencies, XGOX has a dedicated and motivated team working at its continuous improvement and development. The team is community-backed. Therefore it is always active on the discord channel.
  • The XGOX team took this unique digital currency to another level by initiating a community driven project called the JOY chain. The developers exclusively paid the initial JOY ICO using the XGOX coins.
  • To enhance its appeal as a gaming coin, the team has recently launched a blackjack website to promote gaming with XGOX Coin.
  • The coin has performed very good since it came out. The price has increased and so has the trading volume. Therefore, investors consider it a lucrative investment in the cryptocurrency world.

Cons

  • Since the XGOX coin has some unconventional ideas at its foundation, i.e. a community driven gaming coin, it might experience certain fluctuations in the short term until the digital currency users are well versed with the idea and comfortable with using it.

It has a dedicated and motivated team working to develop this virtual currency and take it to next stages while the community driven feature may result in some short term fluctuations but it does seem to be a promising currency in the longer run.

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XGOX Coin compared with other cryptocurrencies
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