With COLX, other important issues are equally addressed such as:

The choice to determine transparent and private transactions

Speed, scalability, reliability and security of transactions

Extensive access and user-friendliness

Sufficient incentives for taking part in the Colossus Grid and COLX network.

Opportunity of passive income as well as helping to stabilize the network

COLX’s masternodes are currently lower than what obtains with other networks. This presents you an opportunity to earn a higher return-on-investment (ROI) even though your investment in masternodes is on the average.

With lower masternodes and a near zero transaction fee, investors have the chances of earning huge profits from multiple fronts.

As the barrier to entry for COLX masternodes will increase over time, due to likely price appreciation, one of our main goals is to deliver a Shared Masternodes technology which permits smaller investors to pool their coins in a trustless and secure way, and collectively reap the benefits of providing network services.

This new COLX masternode technology will expand the capabilities of the backbone infrastructure supporting the network, and will ensure that it is capable of handling the transaction loads and data storage requirements of a mass-market user base

In summary, the maintenance of masternodes offers the following tangible and intangible perks to their owners:

− Participation in COLX governance and the security of the COLX network

− Masternode rewards

− Commodity option for future sales

COLX Main Principles

The main principles that guides the COLX team’s work:

− We believe in empowerment of the individual, and of communities.

− We believe in the right to free speech, and in the freedom to conduct commerce as a core component of that right. This can take many forms, whether it is the freedom to contribute to a cause, to buy and sell products and services, to raise money through crowdfunding, or to run a business that has value to your customers.

− Using blockchain and related decentralized technologies, we want COLX to help individuals and communities take back economic power to achieve their goals more efficiently with greater independence and without the compromises of needing to give up data and being subject to control of corporations and other centralized groups.

COLX runs on a Proof-Of-Stake (PoS) system which allows anyone with a concrete proof of holding COLX to assist in securing the network. That simply means that such holders have an opportunity to create the newest block.

Multiple wallets for COLX holders

ColossusXT is currently working on making several wallets available for all COLX holders. In pursuant of this, they will introduce two new mobile wallets (iOS lite and Android lite wallet) in 2018. While the Android Beta is now available to the public to download on the Google Play Store — https://play.google.com/apps/testing/colx.tech.team, the iOS wallet will be accessible on the Apple App Store in Q3. In addition, they will refine the desktop and web wallets that currently exist.

The web-based wallet is also available for users who prefer alternatives that may be more convenient for them and who are unable to, or do not wish to run the Core wallet on their phones or personal computers.

Official Web Wallet — https://mycolxwallet.org/

While there have been several privacy-enabled cryptocurrencies on the market, ColossusXT comes with a different approach, covering multiple areas that give the user a sense of true privacy, independence and economic empowerment as well as the freedom that they may not find elsewhere. The world waits with great expectation as ColossusXT unveils the features that make it the cryptocurrency of the future!

ColossusXT released their whitepaper on 25th March 2018 — Read it here https://colossusxt.io/whitepaper/

RECENT PARTNERSHIPS:

COLX has announced a partnership with POLIS.