The XMOD security token
As the company has chosen to benefit from cryptocurrency and include its own crypto token and coin as part of the NetVRk platform and as an American company, it is crucial for XMOD, INC. to comply with regulations, and provide users and partners with a safe and legitimate token, one they can trust and feel confident to obtain and use.
As a result, XMOD, INC. is registering its cryptocurrency, XMOD, with the U.S. Security Exchange Commission (SEC) as a security, which will enable the cryptocurrency to trade legally on regulated exchanges. By going through this audited process, the company also provides a wider stage for its token and platform to gain awareness outside the crypto and VR community.
A limited number of XMODs, an ERC-20-based token, will be offered to the public as part of the company’s funding, and will later reside in the system’s financial pool, providing an exchangeable gateway between the system’s currency, the NVR, and the external non-VR environment of fiat currencies and other cryptocurrencies.
Holders of XMODs enjoy and share access to the system’s revenue through its financial pool. Please see “Benefit for XMOD token holders” under the section about the pool.
At system launch (and only then) the company will create 100,000,000 XMOD tokens, each valued at $0.50. These tokens will be allocated to investors, as well as being provided to users through the NetVRk platform’s banking system. Users will be able to trade these tokens internally for the system’s currency, the NVR, and at system launch, will obtain one NVR coin for every two XMOD tokens.