Get started

Cargox

CXO/CargoX First of July ACI Mandatory in Egypt Update 2Hello, CargoX ( KUCOIN:CXOBTC / KUCOIN:CXOETH ) is still right on track for the mandatory launch of the Egypt ACI System. The candles have finally deviated from the blue arrow predictions. This is an update from my last post on the 2nd of June: Hello, Even with recent price movements of Bitcoin and Ethereum , CargoX ( (CXOBTC*BTCUSDT+CXOETH*ETHUSDT)/2 ) has been able to keep the price stable / rising. After some analysis I figured the best way to look at its price was via USD as the coin will be bought by business for a set price in dollars. Egyptian government announcement about CargoX and ACI system: www (dot) nafeza (dot) gov (dot) eg/en/site/aci-details The upcoming event, Lets look at some numbers: Egypt has an yearly average container port throughput of approximately 6.5M TEU Lets take the conservative estimation that import/export is about 50/50; However, this source leans to more import than export: 3.25M TEU Yearly; About every 1.45 TEU requires a Bill of Lading document which costs 15$ worth of CXO: So about 2.275M BoL yearly with a total cost of: 34.125M dollar. Currently the whitepaper of CargoX states a 70% burn rate: Thus 23.9M dollar worth of CXO burned every year. Every year. From Egypt alone. With these estimates CargoX is looking to have a very bright future, together with those who are holding the token. Please let me know your thoughts about the estimation. Sources: Yearly TEU Egypt: www (dot) ceicdata (dot) com/en/indicator/egypt/container-port-throughput Import/Export: unctadstat (dot) unctad (dot) org /countryprofile/maritimeprofile/en-gb/818/index (dot) html Price BoL: help (dot) cargox (dot) digital/en/user-manual/documents-and-pricing/pricing-policy/#pricing-example Burn rate / Bluepaper: (Burn rate: cargox (dot) info/files/CargoX-Business-Overview-Technology-Bluepaper (dot) pdf )
CLong
by FisherBob
1
CXO/CargoX First of July Mandatory in EgyptHello, Even with recent price movements of Bitcoin and Ethereum, CargoX ( (CXOBTC*BTCUSDT+CXOETH*ETHUSDT)/2 ) has been able to keep the price stable / rising. After some analysis I figured the best way to look at its price was via USD as the coin will be bought by business for a set price in dollars. Egyptian government announcement about CargoX and ACI system: www (dot) nafeza (dot) gov (dot) eg/en/site/aci-details The upcoming event, Lets look at some numbers: Egypt has an yearly average container port throughput of approximately 6.5M TEU Lets take the conservative estimation that import/export is about 50/50; However, this source leans to more import than export: 3.25M TEU Yearly; About every 1.45 TEU requires a Bill of Lading document which costs 15$ worth of CXO: So about 2.275M BoL yearly with a total cost of: 34.125M dollar. Currently the whitepaper of CargoX states a 70% burn rate: Thus 23.9M dollar worth of CXO burned every year. Every year. From Egypt alone. With these estimates CargoX is looking to have a very bright future, together with those who are holding the token. Please let me know your thoughts about the estimation. Sources: Yearly TEU Egypt: www (dot) ceicdata (dot) com/en/indicator/egypt/container-port-throughput Import/Export: unctadstat (dot) unctad (dot) org/countryprofile/maritimeprofile/en-gb/818/index (dot) html Price BoL: help (dot) cargox (dot) digital/en/user-manual/documents-and-pricing/pricing-policy/#pricing-example Burn rate / Bluepaper: (Burn rate: cargox (dot) info/files/CargoX-Business-Overview-Technology-Bluepaper (dot) pdf)
CLong
by FisherBob
CargoX (CXO) Project Overview (Fib. Support/Resistance Mapped) CargoX (CXO) is so strong that we have to start with the weekly chart... Here prices are already trading above EMA100 which is a huge development, this pair is entering 'bull-run' space. About CargoX (CXO) CargoX aims to allow anyone to send digital documents to anyone in the world within seconds. CargoX describes itself as an independent blockchain courier service that competes with the likes of DHL, Fedex, and UPS. Established in Jan 2018, the CargoX dApp uses Ethereum for transferring digital original documents. Initially focused on the global freight and supply chain documents, the company, in 2019, began expanding its BDTS (blockchain document transaction system) solution to verticals like air cargo, with a view towards providing a universal solution for document ownership transfer that is reportedly fast, safe, reliable and cost-effective. BDTS's smart contracts provide audit logs of all sent documents and can prove that the documents were genuine and not tampered with during the transfer. Source: Coinmarketcap.com Website: cargox.io --------------------------- We have here the classic "Cup pattern", which we looked at recently, already breaking bullish while aiming higher. We are looking at the weekly timeframe so the signals are much stronger here. The trading volume is going higher. The RSI is super strong as well as the MACD. As long as CargoX (CXOBTC) stays above EMA100, its value can continue to increase. We remain bullish above EMA50, always. We only go bearish if prices break and close below the All-Time Low. Thanks a lot for your support. Namaste.
CLong
by AlanSantana