[01] COVER
Distributed Ledger Technologies, Inc. · Wyoming C-Corporation
Post-quantum money.
xCoin (XAT) is a post-quantum layer 1 currency with a 21M hard cap, ML-DSA signatures, and MetalDAG memory-hard proof-of-work. Wallets, miners, explorers, and encrypted communications: the full stack, built in-house.
01 / 10DLT · Confidential
[02] THE PROBLEM
Sending money is expensive. Securing it is about to get harder.
Four pressures, one opening: the corridor tax, the quantum clock, warehouse mining, and a last mile that card terminals never reached.
REMITTANCES01
The corridor tax
Mexico received $61.8B in 2025 (Banxico). The average transfer is $405, and a typical 3.5% fee costs the sender ~$14. At the xCoin protocol rate the same transfer costs ~$0.28. That difference is the entire business: arithmetic, not a projection.
QUANTUM02
The signature time bomb
Nearly every live blockchain rests on elliptic-curve signatures that quantum computers are expected to break. Retrofitting post-quantum cryptography onto a network already holding value is a hard fork most incumbents will struggle to execute.
MINING03
Warehouse capture
ASIC farms and industrial pools have pushed ordinary people out of proof-of-work. The security budget of most chains is now controlled by a handful of operators.
ACCEPTANCE04
The last mile
In cash economies, card terminals never arrived. Digital dollars still can't be spent where the money actually goes.
02 / 10DLT · Confidential
[03] THE ANSWER
xCoin: post-quantum at genesis, mining for people.
- Post-quantum from block zero. Every spend is signed with ML-DSA (FIPS 204). No migration debt, no legacy curve to defend: the problem incumbents face is designed out at genesis.
- MetalDAG proof-of-work. A memory-hard algorithm that leans on memory bandwidth, the one resource ordinary hardware already has plenty of. A Mac, a laptop, a browser tab: all meaningfully take part.
- Fixed, predictable money. 21,000,000 XAT hard cap with a flat 50 XAT per block. No halving cliffs, no discretionary issuance.
- The full stack in-house. Node, wallet, native and browser miners, block explorer, and encrypted communications: one builder, one codebase discipline, no integration risk.
03 / 10DLT · Confidential
[04] TECHNOLOGY
MetalDAG: proof-of-work that resists capture.
Mining speed is bounded by memory bandwidth, the resource ordinary hardware already has. Every spend is post-quantum by rule, not by option.
MEMORY-HARD01
Bandwidth is the resource
Ethash-family design: mining speed is bounded by memory bandwidth, not raw logic. There is no giant advantage for a custom chip to exploit, so there is no manufacturer chokepoint.
APPLE-SILICON-FAVORING02
Built for unified memory
Designed around the wide, fast memory of Apple Silicon. A Mac people already own is a genuinely good miner. Benched at 8.2 MH/s on an M3 Pro with a 4 GiB DAG.
VERIFIED03
Cross-checked implementations
Independent C++ verifier and Metal GPU miner, cross-checked byte-for-byte, wired into consensus and running on the live network.
POST-QUANTUM04
ML-DSA everywhere
PQ-only spend rules with deterministic ML-DSA signing. One seed backs up the whole wallet; keys never leave the device.
04 / 10DLT · Confidential
[05] MONETARY POLICY
Scarce. Flat. Boring on purpose.
The schedule is consensus law. Anyone can read it from the chain, and nobody can change it by decree.
- No halving cliffs. A constant 50 XAT per block keeps the security budget predictable for miners and removes speculative supply-shock theater.
- Transparent premine. A single 1M XAT founder allocation, minted at genesis in the open and verifiable by anyone on the explorer.
- No discretionary issuance. The schedule is consensus law, not policy.
05 / 10DLT · Confidential
[06] PRODUCT SUITE
Seven products. One stack.
Every layer a user touches, from the chain to the wallet to the community, is built and operated in-house.
LAYER 101
xCoin
The post-quantum currency (XAT). MetalDAG PoW, ML-DSA signatures, 21M cap.
Explore the network ↗EXPLORER02
SuperKnet
Real-time blocks, transactions, and mining stats for the xCoin network.
Inspect the chain ↗BROWSER MINING03
xCoinMiner
Learn-by-doing browser miner plus a 0%-fee community pool.
Start mining ↗MACOS MINING04
NerdMiner
Native Metal miner for Apple Silicon: CLI and GUI, silent and efficient.
Mine on Mac ↗WALLET05
xPay
Self-custodial post-quantum wallet PWA. Keys never leave the device.
Open xPay ↗COMMUNICATIONS06
xFone
Encrypted calls and messages on 8-digit hex numbers. No phone number, no account.
Explore xFone ↗COMMUNITY07
MineDifferent
A practical home for miners to compare methods, share knowledge, and move together.
Meet the community ↗06 / 10DLT · Confidential
[07] THE MOAT
A hardware acceptance layer nobody else has.
Cryptographic tap-to-pay on NXP NTAG 424 DNA. My proprietary provisioning binds each chip to a product record with a unique encrypted per-chip key. Every tap is a signed, counter-protected message, not a scannable code.
- Any phone becomes an acceptance point in cash economies where card terminals never arrived. No remittance competitor has a physical-world layer.
- Proven against real hardware. Provisioning and verification run against production NTAG 424 DNA chips today, with the cryptography validated end-to-end.
- Two regulatory tracks in Mexico. Launch through a licensed partner in months while DLT's own IFPE application runs in parallel. CNBV authorization averages 781 days, so it cannot sit on the critical path.
07 / 10DLT · Confidential
[08] WHAT HAS BEEN BUILT
Shipped, not planned.
Everything below is running and open to inspection. Claims resolve to code, blocks, and public tools, not to a roadmap.
- xCoin mainnet live and running MetalDAG proof-of-work with post-quantum ML-DSA spends end-to-end.
- Native Mac miner (CLI + GUI) cross-checked byte-for-byte against an independent verifier; 8.2 MH/s on M3 Pro.
- Self-custodial wallet: full transaction CLI with encrypted key storage plus the xPay PWA, verified against the node.
- SuperKnet explorer live with real-time blocks, transactions, and mining stats.
- Browser mining + 0%-fee pool live at xcoinminer.com, the lowest-friction on-ramp in crypto.
- xFone encrypted calls and messaging live as a PWA with a native iOS shell.
Stage: pre-revenue. Mainnet is live; corridor volume and merchant acceptance are funded milestones, not current facts.
08 / 10DLT · Confidential
[09] USE OF FUNDS
$7,500,000 · 24-month runway
Engineering and Mexico take half. Audits, the merchant pilot, and regulatory capital are budgeted as line items, not afterthoughts.
| Allocation | Amount | % |
|---|---|---|
| Engineering: mainnet, hardening, Android, 24 mo | $2,400,000 | 32% |
| Mexico: partner integration and IFPE application | $1,500,000 | 20% |
| Merchant pilot: NFC hardware and field operations | $1,200,000 | 16% |
| Security audits: two, pre- and post-mainnet | $800,000 | 11% |
| Infrastructure and node operations | $600,000 | 8% |
| IFPE regulatory capital (500-700k UDIs) | $400,000 | 5% |
| Working capital and contingency | $600,000 | 8% |
| Total | $7,500,000 | 100% |
24-month milestones: mainnet independently audited · Android parity · live corridor volume within 9 months via a licensed partner · merchant tap-acceptance pilot in one Mexican metro · IFPE application filed and progressing.
09 / 10DLT · Confidential
[10] THE ASK
$7.5M for 38%.
Let's build.
Mexico because it is the largest remittance corridor on earth and Ley Fintech is an actual path, unlike US state-by-state money transmission. Partner first for speed and evidence; own license for long-term margin.
Distributed Ledger Technologies, Inc. · Wyoming C-Corporation
david@knexmail.com · distributedledgertechnologies.com
Corridor data: Banco de México, 2025 full-year and Q1 2026 releases. Confidential, for discussion only. Not an offer to sell or a solicitation of an offer to buy securities. Contains forward-looking statements subject to material risk. Any offering would be made solely through definitive documents.
10 / 10DLT · Confidential