I like this one a lot - One Coin backed by 30 Cryptos with dividends... just need to do due diligence on the counter party (Coin Team and Funding) risks...
Seems like a good diversification on top 30 Cryptos - plus protocols for up and comer coins/assets/wallets etc.
XIC Whitepaper:
https://docs.google.com/document/d/16kLR...J7flk/edit
https://digitalcurrencyindex.io/index-co...agreement/
XIC Presale
Begins October 2nd
Index Coin (XIC) Crowdsale Agreement
Index Coin (XIC) Crowdsale Agreement
The following terms govern the Crowdsale of the “Digital Currency Index Coin” or “Index Coin” or “XIC”
Nature and use of smart contract and coins
Smart contracts are computer protocols intended to facilitate, verify, or enforce the negotiation or performance of a contract. The ‘Index Coin’ or ‘XIC’ Smart Contract was developed by Digital Currency Index, LLC. By using the XIC smart contract, including its coins you expressly acknowledge and represent that you have carefully reviewed and accepted this agreement between you as a User and the Company. This agreement is deemed to be concluded in the United States between you and the Company on the date and time you start using the Software.
THE SOFTWARE, INCLUDING COINS IS PROVIDED “AS IS”, WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR COINS, OR THE USE OR OTHER DEALINGS IN THE SOFTWARE OR COINS.
Purpose of the smart contract and coins
XIC Coins are being issues as market tradable certificates supported by the underlying assets but not exchangeable for the underlying assets of the Digital Currency Index (DCI).
Liability
Digital Currency Index, LLC is not responsible for contributions made from non-supported wallets. All contributions should be made from
https://www.myetherwallet.com/ to avoid issues.
Conversion
The conversion rate listed on our website
https://digitalcurrencyindex.io/ is subject to the market price of Ethereum via the
https://www.kraken.com/help/api. Digital Currency Index, LLC is not responsible for the accuracy of this exchange rate.
Description of the Issue
The maximum issue of the XIC is capped at 200,000,000 coins. Once initial minting has started the contracts cannot be changed. The issue will follow the publicly available allocations listed on
https://digitalcurrencyindex.io/index-coin/. All ETH Raised will be allocated using Digital Currency Index, LLC’s proprietary algorithms into other digital currency assets.
Liquidity
The XIC will be an exchange traded token. At no time will holders of the token be able to exchange their token for the underlying assets of the index. Digital Currency Index, LLC and its team are not able to override this rule. All liquidation of participant holdings must be done on an open exchange at current market rates. Digital Currency Index, LLC is not responsible and does not control the market rate of the XIC Token.
Buy Backs
Digital Currency Index, LLC reserves the right to buy back XIC Tokens from the open market at the open market rate.
Dispute resolution
Any dispute, controversy or claim arising out of or relating to this agreement, or the breach, termination or invalidity thereof, shall be settled by arbitration in accordance with the [IACC Arbitration Rules] (
https://github.com/Cryptonomica/arbitrat...Rules/IACC) in the version in effect at the time of the filing of the claim. And unless the parties agree otherwise in writing: – The language to be used in the arbitral proceedings shall be: English. Any dispute arising out of or related to this agreement is personal to you and Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
Crowdsale Bonuses
The XIC Crowdsale Bonuses outlined on
https://digitalcurrencyindex.io/index-coin/ are bound to the issue of our contracts. Once the contracts are issued these cannot be changed. Project Founders and Project Partners were given access to purchase no more than 20% of the total issue prior to the open crowdsale. No coins were given or issues to any person or organization without contribution.
Severability
If any term, clause or provision of these Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from these Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms.
Participation
By contributing to the XIC Crowdsale you agree to be bound by these terms and conditions.
Appears to have an office/based in Ohio, USA not No Cryptos ICOs and Exchanges, PRC...