State systems

XityCoin, designed for 1:1 SGD backing

XityCoin is the official currency of Xity, established by the Constitution (Article 161) Its current funding target is one SGD in treasury for every XityCoin issued No bank or payment provider is connected yet Development balances are not verified SGD reserves

Read the risk disclosures About the reserve

Target reserve policy

1:1

SGD to XityCoin, once funding is active

Attestations

None

No attestation performed

Peg mechanism

Mint & burn

No algorithmic peg

What XityCoin is not The 1:1 ratio is a reserve policy, not a statement that development balances are funded The Constitution describes a reserve and currency governance framework Funding and redemption require a real provider and verified settlement before they can be offered

How parity holds

Mint against deposit Burn against withdrawal

There is no algorithmic defence of a peg The parity holds because each coin is created only against a deposited reserve and destroyed only against a withdrawal

Mint

Reserve in → coin out

When funding is configured, a settled SGD deposit must be verified before the matching XityCoin amount can be credited Funding is currently disabled An unverified deposit must not create coins

Burn

Coin in → reserve out

Redemption is unavailable until a real payout provider and reconciliation process are configured A record on the chain alone does not establish that SGD has been paid to a bank account

Controls

Lawful, logged, never silent

The Constitution (Part XD) establishes a framework for capital controls, including escalating conversion fees and tiered withdrawal limits during periods of systemic stress The chain implements address whitelists and blacklists, wallet freeze and unfreeze, and three independent circuit breakers that can pause minting, transfers, or redemption Any use of these controls is recorded on-chain The financial boards that administer this framework (XFCB, XFBA) are established by the Constitution but not yet constituted

Freeze

Wallets may be frozen and unfrozen on-chain

Capital controls

Address whitelists and blacklists may be applied Any use is recorded on-chain

Circuit breakers

Minting, transfers, and redemption can each be independently paused Any pause is recorded on-chain

Live supply The explorer displays development ledger balances They do not establish SGD backing or bank funds

Open the explorer

Read the risk disclosures before you use XityCoin

No design eliminates all risk The honest thing to do is publish the risks in full

Risk disclosures About the reserve