Eternal token (XET) is proxy token that can be exchanged with...

Eternal token (XET) is proxy token that can be exchanged with Eternal Coin (XEC) —a centralized digital currency issued and overseen by the Japanese Atom Solutions — at 1:10 ratio. Converted to XEC, the token can then be used for international payments via exchange with existing cryptocurrencies. Both XET and XEC are issued with 200 million units. It is notable that XEC can’t be acquired via any unauthorized exchanges throughout the world. Therefore, Eternal Token (XET) is developed to be listed and tradable with various currencies on global exchanges. The issuance between two compatible virtual currencies is a new form of virtual currency to solve the disadvantage of XEC and other currencies with similar situation.

Eternal Coin’s main feature is not just being a virtual currency. Eternal Coin is an integral part of Eternal Wallet which enables transerring currency via phone number. The Eternal Wallet allows users to convert their local fiat currencies into the fiat currencies used by the receiving parties through Eternal Coin and transmit money to the wallets of the receiving parties with a touch of a button.

According to the whitepaper, the aim of Eternal Token is to provide a cross-border payment solution backed by a centralized company in charge of building infrastructure for payment settlement purposes and virtual-to-fiat exchanges.

Eternal Token was created on June 12, 2018, and first listed in CoinMarketCap on August 13. Initially, its price was about $0,072 per coin. Over two weeks ago, XET was trading at $0.090469.  On September 25, Eternal Token had a cap of $41,326,969 and its twenty four hour trading volume was around $1,391,209. Currently, the token’s price makes up $2.21. Its total supply is 200 000 000 XET, and its 24-hours volume is $959,650. In the 7 day period, Eternal Token is 223.14% against the US dollar. In general, the token gained more than 640%.
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