Cypherpunk group CruxDecussata (X) have announced Xchain: a Privacy L1 with an encrypted Xmessenger - here's a breakdown

CruxDecussata is a privacy-focused cypherpunk project that has announced its standalone privacy Layer 1 chain, and encrypted messenger app. Here's some info to get you up to speed:

[Project & Domain Background]
CruxDecussata.com owns the unique domain [☓.com](https://☓.com) (est. 2005), which is widely recognized as the Saltire or Crux Decussata. Its punycode is xn--33h.com and is distinct from Elon Musk's x.com
☓.com was the domain for Herbert Sim's Crypto Chain University(CCU)—a space dedicated to research and collaboration among cypherpunks, among whom Satoshi Nakamoto was an eminent member.

[Dev & Launch]
CruxDecussata's anonymous founder CP33 acquired the domain URL xn--33h.com in July 2023 and stealth-launched the $X token in August 2023.

At launch, the dev inscribed on the Ethereum blockchain that 66.6% of sales proceeds will go to holders of the $X token. CruxDecussata’s flagship app, XMessenger, also rewards $X holders a 60% share of its generated revenue.

[XMessenger & Xchain]
XMessenger is a privacy-focused messaging platform with non-KYC login, free encrypted messaging, and untraceable ZK cross-chain transfers. Its upcoming suite of functionality includes anonymous cross-chain swaps and privacy mixer, and is facilitated and secured by CruxDecussata’s standalone Layer 1: Xchain.

Xchain secures XMessenger’s attestation layer, and employs a Byzantine Fault Tolerance consensus method (a recognised battle-tested consensus mechanism) with a GLS layer to ensure security, scalable efficiency and absolute privacy at high volumes.

XMessenger rewards token holders with a 60% share of the platform's generated revenue, and 30% of revenue from each transaction is used to buyback and burn $X tokens.