News and Announcements
X Infinity raised $24 million Hardcap; MOU with Korean company
- Published December 18, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Successfully raised USD 24 million
- Coin value increase: $0.10 to $0.34
- 2 MOUs signed to increase XIF wallet adoption
- Full product and services by December
In August, X Infinity closed their private sale round at US$20.5 million, exceeding their initial target by $2.5 million. Following into their ICO round, X Infinity hit their hardcap of $24 million on September 22.
X Infinity also released the XIF wallet which is planned to be listed on three major cryptocurrency exchanges.
The feature of the wallet is limited to transfer of cryptocurrencies using QR code from one to another and buy or sell of XIF tokens using other cryptocurrencies.
The XIF wallet is available for download at the Apple App store and the Google App store.
https://www.facebook.com/xinfinityltd/videos/2239730999376264/
In September 15, the company launched an “airdrop” campaign: 10 XIF tokens (valued at $3.40
now) was given to each newly registered wallet account. On October 16, an additional incentive
was added: For each referral a user made, they would receive another 5 XIF.
The event resulted in more than 70000 new wallet accounts being created.
X Infinity signed a Memorandum of Understanding (MoU) with CONUN, a Korean blockchain company, to use XIF’s Point-of-Sale for upcoming oversea concerts.
In October, X Infinity held the World Music Showcase 2018 co-organized by JS Entertainment at the Genting International Convention Centre. Before the music showcase, X Infinity held an online contest whereby over 100 tickets were up for grabs on the official X Infinity Facebook page.
Della Wu of Taiwan, Seungri from Korean group Big Bang and Malaysia’s very own Gary Chaw performed at the showcase.
X Infinity is preparing for a full launch of its solution by December 2018. This include full support
of the debit cards, a merchant portal and system, and supporting more cryptocurrency tokens.
About X-infinity Limited
X-infinity is a Fintech company that develops a wallet where ALL your Cryptocurrencies can be Collected in ONE wallet but Spendable EVERYWHERE.
Company Updates
From Outback to Boardroom: How SWAN Systems is Codifying Water Stewardship
From the arid deserts of Australia to the boardrooms of global tech giants, SWAN Systems is redefining water efficiency. By bridging the gap between field-level agronomics and autonomous irrigation control, the company is proving that “water-positive” targets can be met with science, data, and a 10x ROI commitment.
The Ferrari of Immunotherapy: Chimeric’s High-Stakes Race to Cure Cancer
In the high-stakes world of biotechnology, the most sophisticated weapon against cancer isn’t a new chemical compound but the patient’s own immune system, re-engineered with the precision of a high-performance engine. “This particular CAR T is like a Ferrari,” says Dr. Rebecca McQualter, CEO of Chimeric Therapeutics (ASX: CHM). “It’s got two big engines on […]
From Algae Pioneers to a Natural Revolution: The Second Act of WRS Bioproducts
As the US FDA prepares to phase out synthetic food colors by the end of 2026, WRS Bioproducts is stepping in to solve a looming supply crisis. Led by industry pioneer Harry Rosen, the company is leveraging 40 years of industrial algae farming expertise to scale production of natural, superior-quality beta-carotene, positioning itself as a vital supplier in the rapidly shifting global market for natural ingredients.
Backed By Leading Investment Groups and Family Offices
