X528 Whitepaper

What is X528?

"In a time of deceit, telling the truth is a revolutionary act." - George Orwell
In a time where we continue to witness the failings of the current centralized institutions and exchanges, X528 is a community driven token that believes in harnessing the power of decentralization to make the world a better place.
Through the use of blockchain technology, X528 will run an entire society from laws, to governance, to its own economy 100% controlled and owned by its tokenholders.
X528 uses a unique elected DAO structure where Citizens of the Republik can elect chancellors to a governance board known as the 528 Order. The 528 Order is made up of three elected Chancellors that help guide and manage the Republik. The Republik also has an Overseer who is an elected independent member of the 528 Order. The sole function of the Overseer is to ensure that the Chancellors are adhering to the Constitution and acting in the best interest of X528 Republik (For more information see ---> X528 DAO Governance).
In order to fund the Republik, X528 is developing a decentralized cryptocurrency exchange (DEX) that is 100% owned and managed by its community. The Republik has a built-in treasury, so no one has the authority to access funds without the approval of the group. Decisions are governed by proposals and voting to ensure everyone in the organization has a voice.
Every decision and transaction is transparent, and the rules around spending the organization’s money are coded directly into smart contracts which are unable to be altered. All major decisions are made by tokenholders, creating a strong sense of community and project ownership.
X528 has developed its own DEX aggregator algorithm which enables the exchange to source the best possible price for your crypto transaction across numerous liquidity pools on the Ethereum, Arbitrum, Optimism, Polygon, BSC and Solana networks. By operating as a legal entity, 528 Exchange will enable users to on/off ramp fiat currency on the exchange using MoonPay and Simplex (For more information see ---> X528 Decentralized Exchange).
Holders of X528 will have the ability to stake their tokens enabling them to earn a portion of the fees from the platform which will be distributed as staking rewards (For more information see ---> X528 Staking).
The exchange also uses a unique rewards system where each user earns X528 tokens every time they use it (For more information see ---> X528 Rewards).
X528 also has a referral system known as the Ambassador program where anyone can sign up and earn ETH or USDT for free (For more information see ---> X528 Ambassadors).