So, before the CXO community starts accusing me of fudding or trying to hype up other (supply chain) Cryptos at the expense of CargoX, I myself have a small holding for almost 3 years now and it's precisely this holding with the related price swings and underlying reasons for it that attracted my attention and made me want to address this issue, which is not necessarily directed at CargoX but a return to dependency and need to trust as oppose to the independent trust-free fundamental Bitcoin started out with.

In short, CXO is an ERC20, the team behind it focuses on transport/ownership documentation. If anyone understands the world of international logistics, they'll know this actually has a very realistic use case with huge potential, this couldn't be more obvious when actual nations started adapting their ideas and technology, which naturally also showed in the price. If you're interested in more details regarding CargoX you can have a read in TS90's blog here on publish0x.

So what's going wrong now? After the initial great news in March/April 2021, CargoX decided for various reasons to change certain fundamentals, this played itself out in 3 major shifts from the initial proposition and characteristics of the CargoX team and CXO token, namely that the initial announced number of to be burned tokens dropped by 50% and that there is basically no actual burning anymore but periodic 'buybacks', which together basically meant you'll not only get less of something but now also get it in a lesser quality, because 1000 burned tokens are simply just gone, 500 stored tokens will first need to be bought and can then at any point in time get dumped back on the market or even get hacked. So these 2 changes along with the fact that there's no actual use case any more for the CXO token were major red flag(s) to some, which inevitably showed itself in the price about 6 months after the positive developments were first announced, resulting into a continuous downwards movement since September 2021. Now to be fair, changes are sometimes inevitable, even with Bitcoin people demanded to see certain changes, resulting into the by now infamous dispute and consequent BCH and BSV forks. Ethereum had 2 major changes, first the one that resulted into the split and creation of Ethereum Classic and Ethereum, another is being played out right now regarding the switch from PoW to PoS, but you know where the truly decentralized differ from centralized, the aftermath of these changes will not primarily be a burden on the community, and these changes were necessary to guarantee the continuation of what they once promised to stand for and deliver, not changes which would (mainly) further their own success as a business at the expense of their community and token.

No matter how you look at it, CargoX discovered a unique opportunity in the world of logistics when Blockchain came along and they merged the 2 very well, great, but they are now practically operating on a B2G basis without any need whatsoever any more from neither their community or the CXO token they released, you remember, those who helped make their existence possible by supporting them and buying that thing which now has no use anymore? But despite all that it's by no means a complete failure or "a scam", CXO is still up quite handsomely since begin 2021 and (for now anyway) still in profit since ICO. But it is both worrisome and above all disappointing how a once very promising and somewhat centralized Crypto and project solving real world problems, turned into one of the numerous "we promise, just trust us" centralized projects overnight. And you know what, most likely they will keep their word and carry out periodic buybacks based on the number of processed documents, release the wallet address of those buybacks for transparency so that the remaining community can have some peace of mind, worrying fact remains that when centralized, as one particular CXO holder put it, they can move the goalpost on you in the middle of the game just like that, while you don't have the privilege to do the same. Meaning the goals you score and gains you make, are those they allow you to make.