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XGOLD - White Paper

Updated 10/12/21


  Xgold Coin offers an unlimited use case utility crypto-currency for distributed payment systems predicated on consensus algorithm embodied in the Ripple Protocol, bridging the gap between Bitcoin’s store-of-value, and XRP’s incredibly light weight transaction speed, supporting value transfer, utilizing robust collectively trusted peer-to-peer servers and sub-networks at nearly zero network cost or carbon footprint.
  ‘The train has left the station’ – It has become clear and undeniable that currency and commodities that once existed only in physical form or paper representations, will for the foreseeable future exist perpetually in a tokenized digital form across Distributed Ledger Technology, verifiably authentic and controlled exclusively by the private-key holder. Xgold Coin supporters believe that while XRP is more then capable of solving all the world’s payment problems, it takes a team of highly skilled people focused together on a particular problem that generally culminates the necessary relationships responsible for breaking boundaries and forging technological advancements.


  The global Gold Market Capitalization is currently approximately 11.3 Trillion Dollars. Xgold Coin seeks not only to solve the problem of secured value transfer from A to B and B to A, but also A to C, C to A, or any other receiving party in a trustless manner utilizing multi-signature technology incorporating encrypted private messaging and escrow. Whereas Ebay and Amazon use a rating and insurance system securing transactions across their networks, imagine a multiple device wallet requiring multiple digital signatures authorizing each send transaction, doing away with rating / insurance based systems. Although of course it is always a good idea insuring valuable items being shipped and delivered through on-road delivery services.


   For this example; lets assume a 3 devices wallet, with a minimum of 2 required digital signatures authenticating a send transaction.

The Purchaser (device 1) funds the wallet; the Seller (device 2) confirms the wallet has been funded and ships the item to the Purchaser; the Seller uploads shipping receipts, proof of tracking, and all pertinent information into the encrypted messaging group portion of the app; the Purchaser receives the item; tracking confirms the item has been delivered appropriately; the Seller creates a transaction sending funds from the multi-signature wallet to his private wallet; the Purchaser signs and approves the send transaction.


  Only in the event of a dispute between the parties, would action become necessary for the Escrow Agent (device 3 – Xgold Coin)

In the event; the Purchaser fails to sign and approve the send transaction; the Seller may contact the Escrow Agent (Xgold Coin) and request assistance; the Escrow Agent confirms delivery of the item using the tracking and contract information contained within the encrypted message group; the Escrow Agent signs and approves the send transaction. The opposite of course is also true. In the event; the Seller never receives the item; he can initiate a send transaction withdrawing the funds back to his private wallet; and contact the Escrow Agent for assistance if the Seller fails to sign and approve the send transaction.




  Non-Fungible Tokens offer a stunning ability to uniquely identify a specific item such as artwork, as well as authenticate the ownership of that specific item through the use of private keys and Distributed Ledger Technology. Scarcity combined with authenticity promotes utility value.  Xgold Coin maintains a growing portfolio of limited collectable Xgold Coin NFTs, while working to establish provable authenticated ownership of NFTs tied to Gold. For this example; the Purchaser could purchase an amount of gold from participating vendors using Xgold Coin; the Purchaser would receive not only the gold, but also an NFT cryptographically linked to that specific piece of gold – tokenized and distributed across the XRP Ledger (XRPL).  Identified by the matching “Serial Numbers”

  The Xgold Coin project does not offer any investment contracts, interest in any company, association, or enterprise. The distribution of Xgold Coin, decentralized nature of the XRPL, community development, or any use thereof is private, does not amount to investment of money, contract, scheme or transaction, in a common enterprise, with a reasonable expectation of profits. Though the perceived value of Xgold Coin may vary from time to time, and may increase over time, Users shall not have any expectation of profits derived from the efforts of others. There has not been, and never will be an initial coin offering (ICO). The Xgold Coin project does not meet the definition of investment contract under the Howey test of 1946, and therefor is not a Security protected under the Securities and Exchange Commission consumer protection. Users should not buy, sell, or trade their asset value into Xgold Coin if they wish to invest in Securities, Common Enterprise, or Investment Contracts. For Securities investments, seek a competent Securities Broker.
  User agrees to indemnify and hold harmless all others, users, founders, issuers, developers, marketers, contributors, sponsors, associations, companies, employees, agents, owners, holders, trusts, grantors, trustees, beneficiaries, successors, traders, wallets, funds, exchanges, against any loss of value or damage, profit, capital, investment, attorney fees, financial or otherwise, in connection with trustlines, acquiring, use, transacting, send, receive, or dispose of Xgold Coin. Users use of trustlines and Xgold Coin is expressly at their own risk, and stipulates a private trade of equal value for private personal use with no expectation of profit related to the efforts of others. 
XUMM Wallet
  Brought to you by XRP Labs, XUMM is a state-of-the-art non-custodial digital asset wallet connecting users to the XRP Ledger ecosystem with an increasing variety of issued tokens / digital currencies.
Have you ever heard, ‘not your keys, not your crypto’? This phrase comes from the hard lesson many have experienced while storing digital asset value in third party custody wallets. Generally, the use of third party custody wallets, is very anti-Bitcoin. It is true that Bitcoin revealed to the world a technology in which people could be-there-own-bank, and store, manage, send and receive their asset value without the help of any trusted third party. It is also true that many people like the comfort of custody wallet solutions with the common user-name / passcode format, and someone to call if there is a problem.
  Custody wallets can be likened that of Paypal. Users can hold, send and receive value with Paypal. If they have a problem, users can contact Paypal for assistance. But if tomorrow Paypal’s website goes down and never returns, the value held on Paypal may be lost forever. In addition, if any digital asset forks or air-drop tokens occur connected with user held token assets, it is at the discretion of the custody agent whether or not they support and share the forked / air-dropped tokens.
  Non-custodial wallets are private digital asset wallets. Users are commonly provided a private-key (12 word) passphrase or sequence of numbers that must be stored safely and secretly, in order to restore that wallet and all of its contents in the event of a lost device. If the user loses their device, and does not have the private-key, passphrase, sequence of numbers, required to import and recover the lost digital wallet, there is no one central authority the user can call to help them. Users in control of their private-key act as their own bank and manage, store, send and receive their digital asset value exclusively.     



XRPL - The XRP Ledger (XRPL) is a decentralized, public blockchain led by a global developer community. It's fast, energy efficient, and reliable.
Fork - Forks occur when the user base or developers decide that something fundamental about a cryptocurrency needs to change. This can be due to a major hack, as was the case with Ethereum, or as a fundamental disagreement within the community, as we’ve seen with Bitcoin resulting in Bitcoin Cash.

Air-Drop - An airdrop is a marketing campaign that generally involves sending newly minted digital tokens to the wallet addresses of an existing digital asset holder in order to promote awareness of a new virtual currency.
Tokens - A digital representation of value or rights that is offered, traded, or sold across a distributed ledger, blockchain, or other digital data structure. Often referred to as; digital currency, cryptocurrency, digital coin, digital asset, token or coin.
Burning - Coin-burning is the permanent elimination of existing cryptocurrency coins from circulation to make them unusable. This burning process is an intentional action exercised by the coin's creators to “burn” or remove from circulation a specific number from the total token supply. Decreasing the number of total supply tokens, may result in increased value of the remaining tokens.
Private Key - A private key is a sophisticated form of cryptography that allows a user to access their cryptocurrency. A private key is an integral aspect of bitcoin and altcoins, and its security makeup helps to protect a user from theft and unauthorized access to funds.
Passphrase - The passphrase is essentially 12 words, or a similar sequence of numbers that provides access and control over the contents of a cryptocurrency wallet.
Your private key is encrypted on your disk using a hash of your passphrase as your secret key. Your passphrase is what decrypts and accesses your private key authorizing sends and spends of digital assets. It is also required to reconstitute, or import an existing wallet to a new device.
Custody Wallet - With a custodial wallet, another party controls your private keys. In other words, you're trusting a third party to secure your funds and return them if you want to trade or send them somewhere else. Most custodial wallets these days are web-based exchange wallets. While a custodial wallet may be considered less secure than a non-custodial wallet, many prefer them because they don’t require as much responsibility and are usually more convenient.
Non-Custody Wallet - Non-custodial crypto wallets give you complete control of your keys and therefore your funds. While some people store large amounts of crypto on exchange accounts, many feel more comfortable with a non-custodial wallet, which eliminates a third-party between you and your crypto. Many are software based apps, like the XUMM app.
ICO – An initial coin offering (ICO) is the cryptocurrency industry’s equivalent to an initial public offering (IPO). A company looking to raise money to create a new digital asset, app, or service launches an ICO as a way to raise funds. Interested investors can buy into the offering and receive a new cryptocurrency token issued by the company. This token may have some utility in using the product or service the company is offering, or it may just represent a stake in the company or project.
Trustline - The XRP Ledger's Authorized Trust Lines feature enables a currency issuer to limit who can hold its issued (non-XRP) currencies, so that unknown XRP Ledger addresses cannot hold those currencies. The Authorized Trust Lines feature only applies to issued currencies and has no effect on XRP.
Investment Contract - Under the Howey test, an "investment contract" exists when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.
Frequently asked Questions
Does acquiring or holding Xgold Coin constitute equity, stocks, or other interest in Xgold Unlimited or any other company, association or organization?
No, acquiring, holding or using Xgold Coin does not constitute equity, stocks, or entitle users to any interest in Xgold Coin Unlimited, or any other company, association or organization.
Should I have an expectation of profit from the efforts of others, when I acquire, hold or use Xgold Coin?
No, Xgold Coin’s value may change from time to time, and may increase over time related to it’s actual utility and adoption, however users should not invest in Xgold Coin with an expectation of making profit from the efforts of others.
Can the total supply of Xgold Coin be increased?
No, the total supply of Xgold Coin is fixed at 100,000,000. Though a consensus vote could decrease the total supply of Xgold Coin by burning an agreed amount of tokens.
Does it cost anything to send value using Xgold Coin?
Yes, however transaction fees for sending value across the XRPL is generally regarded as insignificant, in contrast to sending value using Bitcoin or Ethereum. Standard XRPL network transaction fee is roughly 0.000012 XRP (12 drops).
How do I acquire Xgold Coin?

Bitrue Exchange, Sologenic; The recommended wallet to store, send and receive Xgold Coin is XUMM Wallet. For the Sologenic Decentralized Exchange (DEX) please refer to our step-by-step guide by clicking here.
Is Xgold Coin currently backed by gold?

No, utility based market adoption takes time in order to build to fruition. Until that vision is fully realized, Xgold Coin value is exclusively based on the open market’s perception of value based utility.           
Is Xgold Coin decentralized?

Yes, Xgold Coin is an issued asset on the XRPL, which is an open source peer-to-peer public block chain ledger, where transactions are validated through the consensus algorithm process.
Will Xgold Coin be listed on Exchanges?

Yes, Xgold Coin is currently available on Bitrue and Sologenic DEX, and we are in talks with several other exchanges about listing Xgold Coin and adding liquidity to the market.

​How long does Xgold Coin transactions take?

Xgold Coin value transfers across the XRPL with nearly instant settlement, about 3-6 seconds. XRPL technology is far superior than other block chain models.

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