XZEN Proudly Presents First Monthly Progress Report

XZEN Project is happy to provide you with the first Monthly Progress Report December 2017. The following milestones have been completed by XZEN Project team within the reporting month:

1. Development of the Project detailed budget and implementation plan (up to ICO)

2. Completion and closure of pre-ICO stage

3. Drafting of legal documentation for ICO stage

4. Development of XZEN DAPP (mobile application) interface

5. Conclusion of contract with Graphene Lab for development of the proprietary blockchain based on Graphene technology

6. Bidding process aimed to select a vendor for development of design documentation of hardware XZEN Wallet.

Please find more detailed information below.

To implement and launch XZEN DAPP application we have concluded the contract with Graphene Lab for design and development of the proprietary XZEN blockchain based on Graphene technology having the following functions:

XZEN cryptocurrency wallet will be built on Graphene technology, which is one of the most advanced blockchains that essentially surpasses Ethereum and Bitcoin-based blockchains in terms of transaction rate. The following projects are also based on Graphene technology: GOLOS.io, Steemit.com, Karma.red.

The first version of XZEN DAPP will allow for transaction rate of 100,000 transactions per second at no cost within XZEN Ecosystem as well as for the following features:

- User-friendly intuitive interface;

- Fingerprint scanning for identification and access to the application;

- Use of QR codes to send and receive cryptocurrencies;

- App-based online chat with XZEN Support.

We would like to remind you that XZEN Road Map stipulates that the first version of XZEN DAPP will be released as early as in February 2018.

Within the reporting month, we have held a bidding process to select a vendor for development of design documentation of hardware XZEN Wallet. Negotiations with suppliers of the key component parts are currently ongoing.

Purchase orders for the key components to ensure assembly of the first prototype models of the device will be placed as early as in January 2018. The first operative prototype of the cold wallet will be ready by March-April 2018. Its testing and vulnerability check will follow afterwards.

We would like to remind you that XZEN Road Map stipulates that the first version of XZEN Wallet will be released in August 2018.

December has brought the following changes to XZEN Team. We are happy to present our new members.

Matt will represent XZEN in USA as a negotiator and participant in various industry conferences.
He worked at both MIT and NREL as a photovoltaics researcher prior to working for his current employer, Radiometrics. He has experience in machine learning, neural networks. His education is in physics, which implies he has a fundamental understanding of mechanical and electrical engineering, materials science, quantum physics, etc. He is new to the crypto space, and this opportunity with XZEN will be his first.

Alex joined XZEN Team in December. He is a tech expert. He is a graduate of Moscow State Linguistic University (diploma in linguistics and translation), Russian New University (diploma in finance) and Gubkin Russian University of Oil&Gas (certificate of supplementary professional education of oil&gas industry essentials). He was the Project Manager for various oil&gas project such as Khabarovsk Oil Refinery upgrade project (massive revamp of the largest oil refinery in Russian Far East) as well as some others. He has over 15 years of experience in translation/interpretation of oil&gas, technical and engineering, finance, construction and law texts. He showed good understanding of cryptocurrency and blockchain mechanics.

The following tasks face the Project in January 2018:

1. Completion of legal arrangements of the ICO stage

2. Launch of the test version and start of “debugging&testing” stage of XZEN DAPP Ver 1.

3. Conclusion of the contract with a developer of the hardware XZEN Wallet.

4. Placement of orders for component parts at a manufacturer’s facilities to ensure assembly of first prototype models of the hardware XZEN Wallet.

5. Preparation for ICO stage.

Best wishes,

XZEN Team

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