Back in 2008, the founding principles of cryptocurrency were to create a shift to a decentralized economy.
If you’re curious about what a decentralized economy is (also known as decentralized finance, or ‘DeFi’), it’s important to make the direct comparison versus today’s centralized economy:
A centralized economy has centralized powers - (Banks, Governments, Countries) - In a decentralized economy, things happens via a shared, transparent infrastructure.
In a centralized economy, each central power controls the rules around every transaction - In a decentralized economy, the verification of transactions is shared amongst a wider distributed network.
In a centralized economy, rules change (Quantitative easing, for example) which can devalue a currency - In a decentralized economy, transaction parameters are agreed in advance and verified by many.
In a centralized economy, you have to trust the centralized power. In a decentralized economy, the message is “Don’t Trust, Verify”
Today, following a whirlwind of gains, losses and redirected focus on news around the mismanagement of customer funds, this dream became lost along the way.
For many who are already involved in crypto, mistrust and doubt descended.
For those on the outside, looking in; the newcomers and the curious, it’s a confusing minefield of skepticism and technology.
XGo exists to address this.
Everything we’re creating at XGo is designed to provide helpful products and intuitive customer experiences, built on a foundation of secure business practices, sound risk management and solid corporate governance.
XGo was founded by a group of crypto enthusiasts and financial technology experts, to bring you a new perspective. We want to give you the confidence to make crypto work for you, opening up new opportunities in a trusted, connected way.
When we set out, our dream was to build something that would help drive a truly decentralized economy. This dream hasn’t changed, but we recognize that this is a complex challenge and has to be approached carefully, with deep knowledge of our industry and those who exist within it.
At XGo, we have 5 key focus areas to make your crypto experience safer and easier than you might think:
- A highly experienced team of crypto, finance and regulatory experts
- Secure business practices, sound risk management, and solid corporate governance
- Human-centered customer support, that focuses solely on your needs
- Products and customer experiences that are not limited to trading
- Flexibility and choice, focused around individual needs, regardless of experience
This is a journey...One we’re curious, cautious, and excited about.
Welcome to our journey.
It's good to have you here.