The Xenoverse platform is a new ecosystem designed to transform the pawnbroker capital industry and second-hand goods trading industries, starting with Korea and Japan, in Southeast Asia and around the world. The platform aims to provide comprehensive financial services and transaction transparency and efficiency for all stakeholders in the industry. The Xenoverse platform has the following vision: “New Assets for All New Financial Universe.”
The Xenoverse platform aims to bring new vitality and paradigm to the financial and trading markets based on used luxury goods, cryptocurrency, and chattel assets. Xenoverse proposes new financial services for those who have long been alienated from the existing financial system, including unbanked, underbanked, credit delinquents and low-credit holders, cryptocurrency investors, small and medium-sized enterprises, pawn shops, and second-hand luxury boutique shops, which are difficult to use existing financial institutions through the revitalization of collateralized loans.
The Xenoverse platform consists of three services: 1) Xeno Loan (cryptocurrency and chattel mortgage investments), 2) Xeno Auction (online auction and e-commerce), and 3) Xeno Pawn (chattel collateralized loan brokerage services).
Xeno Loan and Investment in Xenoverse platform is a service that enables stable collateralized investment classified as a safety asset. Stable collateralized investment is an investment method in acquiring bonds and collateral as safe assets to implement loans to pawn shops, second-hand luxury boutiques and Jewelry shops with certain inventory, and cryptocurrency investors by collateralizing items such as, art, collectibles, antiques, luxury goods, precious metals, rare kidult works, rare cars, and etc.
Xeno Auction is designed to simplify the process of used luxury online transactions to help you effectively cash in on your chattel loan services. The second-hand luxury industry and pawnbroker market cannot be separated from each other. To collateralize the goods for chattel securitized loans, they must be either luxury goods or valuable collateral, including jewelry, collectibles, and high-end electronics. On average, 30% of the agreements forfeits, and pawnshops need to resell the collaterals to keep their business afloat. The issue of reselling these products(forfeited pawns) at pawn shops is issues related to authentication, valuation, and marketing. Xeno Auction is a ground-breaking auction e-commerce company that legally distributes these outstanding collateral at low and fast rates, providing customers with a much lower price than the market price.
Xenoverse pawn makes it easy to get a chattel collateralized loan under optimal conditions by using valuable products they currently own as collateral for those who need a loan service that does not affect their credit. When a user uploads the product information with photos, Xenoverse experts conduct an appraisal of the product and pass the information to pawnshops in the area close to the user to present the loanable amount and interest rate for each company. The user will then decide where he or she wants to trade and receive a chattel collateralized loan. All of these product registration processes, bidding processes, appraisers and auditors’ appraisal details, and contracts for lending are all recorded within the blockchain for transparency and decentralization.
All transactions and investments in Xenoverse ecosystem are possible through Xeno, and we will provide maximum access to multiple users through listing Xeno tokens on numerous exchanges. Xeno Foundation will continue to use platform profits for Xeno token by-back and will be incinerated every quarter to avoid excessive Xeno token circulation.
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