INTERNET CITY, DUBAI, Feb. 16, 2022 – LBank Exchange, a global digital asset trading platform, will list XRoad Initiative (XRI) on February 22, 2022. For all users of LBank Exchange, the XRI/USDT trading pair will be officially available for trading at 14:00 (UTC+8) on February 22, 2022.
The need for maintaining individual data integrity and security has become ever more important in recent years. As an intersection for management of user’s data from off-chain to on-chain and back, XRoad believes that blockchain technology presents a decentralized and more democratized alternative where data integrity and security are achieved with self-verifying and self-executing smart contracts. With XRoad Decentralized Storage, XRoad Locker, and Oracle solutions, XRoad empowers individual Internet users to leverage blockchain technology for user-friendly access, protection, and control over their data. Its native XRoad Initiative (XRI) token will be listed on LBank Exchange at 14:00 (UTC+8) on February 22, 2022, to further expand its global reach and help it achieve its vision.
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The XRoad Project is here to fulfill the growing demand for bringing off-chain environment data into on-chain environments and the growing demand for storage and user control over their data. It aims to provide individual Internet users with the decentralized infrastructure needed to serve as the intersection between blockchain technology and the world’s data, offering XRoad Oracle, Decentralized storage, and Locker for user-powered interoperability between the off-chain world and smart contracts, as well as for individual data self-sovereignty.
From websites to databases and beyond, the XRoad Oracles serve as the essential data feed for the decentralized world. It bridges the connectivity gap between the off-chain data and blockchain smart contracts effectively and efficiently, providing the ability for interaction with online sources of information and the ultimate transference of this information to the blockchain.
XRoad’s blockchain-based decentralized storage XRDS is the convergence between multi-cloud decentralized data management philosophy with individual data self-sovereignty. It empowers users to store, secure, verify and authenticate their data with the decentralized approach to data management and provides a network that is highly difficult to attack or censor.
And with XRoad Locker, the user is truly in complete control over the accessibility of their data, their registered information, data disclosing and the value of the disclosed data to providers. In another word, users will own their data and decide how their data is used.
In addition, XRoad users can also easily mint NFTs representing ownership of digital assets stored on XRDS, and XRoad Locker enables control over sales and rentals, revenues generated through NFTs.
About XRI Token
XRI, the XRoad Initiative token, is used throughout the XRoad platform. Without the usage of XRI, access to the XRoad platform is not possible. XRoad Oracle operators receive XRI when processing correct data, maintaining, and operating their nodes. To access and store data on XRDS, transactions must be paid in XRI. And advertisers looking to target specific demographics need to purchase their traffic using XRI. Whether a user is interested in contributing to the XRoad platform’s operation or benefitting from its services, XRI is critical to the sustainability and success of the platform.
The total supply of XRI tokens is 10 billion (i.e. 10,000,000,000), 55% of it is provided for the ecosystem that is used for the promotion, facilitation, and expansion of the XRoad platform; 5% is used for private and public sales, 5% is provided for liquidity, another 25% is allocated to the team and advisors, and the rest 10% is provided for partnership.
The XRI token will be listed on LBank Exchange at 14:00 (UTC+8) on February 22, 2022, investors who are interested in XRoad investment can easily buy and sell XRI on LBank Exchange by then. The listing of XRI on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
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About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
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