Company Information

Get to know ColossusXT

ColossusXT (ticker: COLX) is a digital currency project that emerged from a rebrand of a previous coin, ColossusCoin2 (CV2). Its mission is to be a decentralized, private, and community-governed cryptocurrency. The project emphasizes user privacy through the Zerocoin protocol and aims to build a decentralized network for shared resources, referred to as the "Colossus Grid." It operates on a Proof-of-Stake (PoS) consensus mechanism, rewarding users for holding coins (staking) and for running masternodes, which help secure and govern the network.

Industry

Crypto CryptocurrencyPRIMARY

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ColossusXT

United States

Founded in

27 Th09 2017 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.