Ethos
The team's ethos suggests to me that the team behind X7 is of a high caliber nature. Here's a couple of their on-chain messages that will give you a little more insight into who they are:
“This project is a multi dev, decentralized, defi collaboration with additional moving parts. We have chosen to run this project in this way to ensure maximum censorship resistance. We do not ask you to trust us. We ask that you see the code, the protocol, and make your own judgement”
“All associated marketing and dev wallets are individually controlled by various collaborators and their actions are solely their actions. Let the smart contracts and the code speak for itself”
“Due to the recent tornado cash sanctions, this project is intended to be censorship resistant by hosting the DEX frontend on IPFS and using on chain messages to communicate”
A philosophy of mine has always been “The greater the vision, the greater the reward”. When researching a project, I always look closely at the vision to see if it is anything of substance. With X7, I didn't have to go beyond the homepage of the website in order to realize that I've stumbled on to something good.
Before I go on, I want you to put yourself in the mind of a visionary such as Steve Jobs, Alexander Graham Bell, or Nikola Tesla. If you could see things from their perspective, I'm sure that you would have excitedly invested in anything they created. When considering the X7 team, really ponder their ethos and their vision; then ask yourself what it is they are trying to accomplish. When you truly understand it; only then will you fully comprehend the immensity of your opportunity. In addition to financial rewards, there will come a sense of freedom by breaking away from the shackles of a Centralized Banking System. Make sure to DYOR as these are my opinions.
Going back to the ethos, two things stand out: the team is very passionate about code and also about preventing any “downside risk”. This team wants to bring great ideas to life so they've built a decentralized lending platform to accomplish their goal.
X7 System Design Philosophy
“Permissionless, trustless, censorship-resistant, decentralized architecture, decentralized governance”
The design philosophy is crucial to understand as it forms the foundation upon which X7 is built. Check out the whitepaper for full details https://x7.finance/
The team at X7 is building a financial platform on which creators with great ideas have access to capital in the form of decentralized loans. They will be able to launch their project with 10–1000x the initial liquidity.
X7 stands to be a launchpad of visionary ideas, that otherwise may have never have come to life, all because of a lack of capital funding.
This is a great statement from the team,