Ixinium (XXA) A Safe Haven In A Financial Crisis

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. Ixinium Foundation has an asset protection mechanism safer than any bank in the world can offer.

Ixinium Foundation Asset Protection Mechanism

Ixinium XXA cryptocurrency is backed with Ixinium Foundation owned physical gold, silver, palladium and platinum. The precious metals are backing up the market price of the Ixinium XXA cryptocurrency.

For the Ixinium Foundation’s precious metals storage, there are seven global vaults: New York, Salt Lake City, London, Zurich, Australia, Toronto, and Singapore; run by Brinks, Loomis, and MalcaAmit. Auditing of physical holdings is done by Inspectorate and all Ixinium Foundation’s precious metals are fully insured for replacement value by Lloyds of London.

In the event of force majeure the Ixinium Foundation’s guarantee of cryptocurrency (precious metals) would be sold and the amount of USD generated by the sale would be distributed among all Ixinium XXA owners.

Ixinium is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of digital assets. The decentralized control of Ixinium works through distributed ledger technology, a blockchain, that serves as a public financial transaction database.

Financial Market Problems

Multiple financial crises often happen simultaneously. For example, the Global Financial Crisis in 2008 was initially focused on the housing market (an asset price bubble) but then spread into the wider banking system and onto government debt problems.

The financial crisis led to the failure of a large number of banks in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. The failure of Lehman Brothers in 2008 roiled global markets. It was the fourth-largest U.S. investment bank and when it filed for bankruptcy on September 15, 2008, it led to an erosion of nearly $10 trillion in the market value of global stocks over the next month.

The financial market problem is very clear. When a crisis hits, all assets related to the banking sector melt and quickly worldwide.

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