XityCoin

Risk disclosures

Read this before you use XityCoin. The state does not promise that XityCoin is risk-free. It promises to disclose the risks honestly.

!
This page exists to discourage blind trust. Honest money does not require you to believe. It requires you to understand.
1

No currency is risk-free. The 1:1 reserve ratio describes the mechanism, not a guarantee against every possible failure mode.

2

The chain currently operates in single-validator mode. A coordinated outage would halt new transactions until the operator recovers.

3

Custody of the reserve carries inherent risk. The Constitution mandates multi-jurisdiction fragmentation and multi-signature controls, but these arrangements are not yet fully operational.

4

The financial governance bodies established by the Constitution (XFCB, XFBA) are not yet constituted. Until they are, the currency operates under the founding authority.

5

The regulatory treatment of digital currencies varies by jurisdiction. Users must understand their own obligations before transacting.

6

Any software may contain defects. The chain is under active development.

If something goes wrong

What the operator commits to

No design eliminates all risk. What the operator commits to is honest disclosure when something does go wrong.

Disclose
A material incident will be reported through the contact channel. The fact and the response will be made public; tactical detail that would aid exploitation will not.
No attestation yet
No attestation of the reserve has been performed. The 1:1 ratio describes the mechanism, not a verified statement about held reserves.
Security & disclosureReport an incident