In late December 2017, the leadership of ICTS Trust ATOA, LLC had a rather important meeting to discuss several new key business sectors of interest that were to be added to the roadmap for the coming year. One of those new areas of interest happened to be the cryptocurrency market space. Early on, ICTS leadership identified the importance of this new market vertical and discovered that cryptocurrency was indeed the best possible solution to elevate the Sovereign indigenous tribes; that the Trust represented; onto a level playing field comparable with modern traditional finance options. This revolutionary realization directly established that blockchain technologies would surely become the game changer that was required to make this equalization a reality. Thus, XUSD Blockchain Holdings was born.
During the process of creating the structure behind this new venture, it had become quite clear that the primary focus had to be upon the development of a secure cryptocurrency. To best accomplish this task, ICTS leadership; along with the newly founded leadership team at XUSD; began an ardent process of thorough research and practical study to determine the best possible plan of action to develop this new currency as well as to discover what laws and treaties might be within the public record to justify its creation.
During this well-founded research process, the team quickly discovered that treaty laws established in the late 1800’s with regards to indigenous currency under treaty with the United States of America, as well as the Gold Abrogation laws of 1933, provided the justification of this new cryptocurrency product.
From here, the team then began to fully understand the methodology by which to properly attach traditional commodities and precious metals assets behind the currency. This was to be accomplished via the utilization of provisions found under “The Common Law System of Debits & Credits”, The United Nations Commission on International Trade Law (UNICITRAL), as well as the Uniform Commercial Code (UCC). Throughout the research process, it became abundantly clear that to create something sustainable over the long term; the development of the proper structure for this new product was vastly important to effectively service the global need.
As the research process continued forward, the leadership teams of both organizations learned that it would be vital to the deployment of the cryptocurrency to create a larger market capitalization at the onset of the process via the minting of more tokens; versus minting more during the later stages of the deployment; this would be required to increase the circulation of the total supply into international markets.
After thorough observation of the vast array of volatile cryptocurrencies within the current market space, it was quickly understood that it would be necessary to bring forward a stabilized, asset backed product that would limit the volatility that has plagued the marketplace since its inception. To accomplish this requirement, the cryptocurrency would need to be classified as valid collateralization under the BASEL III international banking compliance standard, as well as the regulatory standards for normal and customary practices as established by the Securities Exchange Commission (SEC), the Federal Trade Commission (FTC) and the Commodity Futures Trading Commission (CFTC) of the United States. In addition to limiting the overall volatility of the currency, the leadership teams of both organizations have limited the regulatory exposure of this new currency via the exclusive licensure of a fully approved United States Patent for the "Method For Creating Commodity Assets From Unrefined Commodity Reserves Utilizing Blockchain And Distributed Ledger Technologies".
Within the rapidly growing market, it became vital under this new hybrid financial model to effectively bridge the traditional banking system with the newly available, blockchain based ecosystems and technologies that were swiftly becoming the new standard within Fintech sector. Thus the birth of the XUSD Family of Coins had been made a reality.
The XUSD Family of Coins are specifically designed as a new financial system equivalent, one based upon abundance and true equity - not made up fiat paper. This new digital currency provides a way to transition from the current system of depreciation into a revolutionary financial ecosystem of appreciation that has the infrastructure in place to support this state-of-the-art abundance-based economy. The leadership team at XUSD Blockchain Holdings believes that humanity has been enslaved by the old financial system for far too long and are in great need of a governmentally independent protocol to securely transact and convey property commercially in real time - WITHOUT serving corporate interests. Via the utilization of these secure blockchain technologies, with a simple design premise built upon the ideation of “Peer-to-Peer” systems architectures, XUSD Blockchain and its technology partners have developed what is believed to be a true financial system that enforces equity, honor and fair trade for the first time in generations!
XUSD Blockchain Holdings will continue to perfect this technology for the foreseeable future; while further deploying new cryptocurrencies, commissioning new commodities assets through its partners at ICTS, and further integrating cutting-edge network subsystems with its technology partners at Unified Global Intelligence Corporation (UGIC) on a global scale.