We are writing this article because sadly a few people on reddit were claiming that X12 is a scam. We expected this because the X12 is an untraceable privacy coin with a grand mission and thus attracts criticism. However, this article will clarify and set the record straight.
With this blog post we want to show you how you can identify a scam coin and at the same time prove to you that X12 is a legit, independent and overall amazing project. Our whole team has been active in the crypto community for a while now and we have seen some scams and know how to spot one.
The following table gives you an overview of the characteristics of a scam coin and puts it in contrast to X12:
|Unrealistic claims and goals||Very reasoned and sophisticated roadmap with realistic claims and goals|
|No public whitepaper||Whitepaper is published and can be found on the website|
|Ghost team for no reason||Very good reason for protecting the team privacy. We are also offering various possibilities to contact our team. More information can be found in the whitepaper|
|Code is not public||Code is public on github. You can also see constant code improvement and development activities|
|No roadmap||Very reasoned and sophisticated roadmap with realistic claims and goals. Published on the website and in the whitepaper.|
|No social media accounts||We have an active Facebook, Twitter and Reddit page|
|No real use case||A large number of use cases|
|No listing on major exchange||We will be listed on HitBTC very soon|
Let’s go through to the basic characteristics of a scam coin and how you can identify one:
Unrealistic claims and goals
The project has very unrealistic targets they want to achieve.
No public whitepaper
There is no whitepaper published or there is a whitepaper with basically no information.
Ghost team for no reason
You can’t find any information on the team, nor a reason why the team is not public.
Code is not public
The code is not public or there is no development activity on github.
Neither on the homepage, nor in the whitepaper is there a sophisticated roadmap with reasonable objectives.
No social media accounts
The project is inactive on all social media accounts and you cannot find an easy way to contact the team.
No real use case
Substantially, the coin has no real use cases which are making sense to you.
No listing on major exchange
The coin is not listed on any exchange and there is no announcement that this will happen in the near future.
Reading this article so far has equipped you to identify a scam coin. You should also see the authenticity of X12 as a legit project which brings real value to the crypto space.
- X12 has a very reasoned and sophisticated roadmap with realistic claims and goals. Our roadmap is well planned and accomplishable with our team.
- We published our whitepaper. You can find it here
- The code of the X12 coin is of course public and is visible on github
- We have an active Facebook, Twitter and Reddit page
Make sure you follow these official accounts. There are various other accounts by other people who spread inaccurate information.
- We even have set up a support system, which is rather uncommon for a coin. Usually cryptocoins are made by software developers for other software developers. Our goal is to be truly user friendly. Therefore, you can contact our support anytime here if you have questions or want to get in touch with us: contact our support
- With X12 and its ecosystem we are solving a serious problem.
We managed to create a unique ecosystem for our X12 coin. An ecosystem is necessary to provide the coin with as many features as possible, thus making it safer and also more comfortable for the user. Nowadays it is necessary to open the real world to the users by giving them the opportunity to directly exchange their coins for goods and services in an instant.
- We are about to be listed on HitBTC, one of the global top 10 exchanges.
HitBTC doesn’t list any coin. Begin listed requires going through a technical audit, where the developers of HitBTC analyze the codebase of a new coin and then implement it into their exchange.
- We developed a public blockchain explorer.
Anyone who doubts the sincerity of our project, can check out X12 on HitBTC or view each single mined block in our public Blockchain Explorer explorer.x12coin.com
- We have many active miners.
We have several public mining pools and companies mining X12. Each miner adds trust to our network and we are thankful for each of them. For reasons of impartiality, we cannot name the miners, but you can find them in a quick web search.
In order to make X12 as user-friendly as it is, we have created an extensive ecosystem, consisting of the following features:
Putting all these arguments together, everyone should be able to see that the X12 project is a legit project, with a real purpose, a realistic roadmap and a great team. Especially the HitBTC listing is a very strong argument, because such a listing is very hard to get and a coin is getting precisely investigated before an exchange is listing it.
We invite anyone with open questions to reach out to us:
- in our support system,
- on Facebook,
- on Twitter,
- or on Reddit