The Exchange Union makes strategic investments in digital currency exchanges. Shortly after launch, Exchange Union will build a union chain. XUC is an ERC20 Ethereum-based token.
Exchange Union will have a total supply of 3,000,000,000 XUC in which 2,935,000,000 are stored in 3 private address:
0xA4314242453AA1E8FEEd49240D5Fe52B8319d52B - 900,000,000 XUC
0x7302d50dB53eBb11921320fa7c95De3c8719Db09 - 900,000,000 XUC
0x13AC065131Bc2462a1Bf4a58994D1FdfcB08678D - 1,135,000,000 XUC
A month’s notice will be given if any funds (5,000,000 XUC maximum limit) is to be released from the addresses above, stating each usage.
The Exchange Union Team canceled their ICO on August 5, 2017 and announced it on their site saying:
"(...) In other words, the bitcoins and ethereums we have raised have been sufficient for the construction and operation of the Exchange Union. (...) Therefore we are sorry to announce the cancellation of the ICO initiative, which was due to launch on 7 August, 2017."
Presale& Private Placement: 60,000,000
Exchanges Rewards*: 990,000,000
Team Members: 300,000,000
Promotion & Bug Bounties: 90,000,000
Special Contributors: 60,000,000
Incentive Reserve: 150,000,000
Excess supply to be burned*: 900,000,000
*63% of XUC tokens will be burned or reserved for Exchanges