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Xank is a free-floating cryptocurrency with built-in stablecoin functionality. As a free-floating cryptocurrency, Xank’s price can fluctuate, giving it potential value as an investment, but Xank offers optional stable transactions through a self-funded decentralized Reserve, which adjusts the supply of coins in the receiver’s wallet in accordance with price changes during the lifetime of the transaction. Xank’s ultimate purpose is to serve as a cryptocurrency that accomplishes decentralization, price stability, scalability, and privacy.
To grow the Xank ecosystem, Xank is also launching a cashback service that rewards people with the Xank token when they shop at partnered stores.