Interesting telegram community: diehard supporters are thoroughly devoted to defending the company. The ongoing price collapse amusingly further enhances their belief. Reminds me of the psychological effect described in the famous book "When Prophecy Fails". Occasional doubts are laughed down with "lol just someone bought high and sold low" or "just the market being rubbish, I believe in the team".
I started to sell after their MVP release last December, in hindsight, a bit too early: the price still went up quite a bit afterwards. The MVP smelt fishy. It was released as a Youtube demo. The details in the video weren't publicly verifiable. If the product was available, it was in their interest to show off publicly. The only logical explanation was they weren't able to deliver the much-promised MVP.
Non-verifiability has been consistent. I bought among the frenzy of Buffett, GenRe partnership, which turned about to be no more than a (fishy) announcement, without further developments. As a blockchain company, they haven't released any smart contracts. The recent announcement of "the first client" was murky and suspicious: it is in their interest to show off more details.
Another post already noticed their high employee turn over. It appears among the names on their whitepapers, only the bosses still work there. Either they always hire job hoppers, or their employees weren't convinced, or a horrible work environment. It would be interesting to see from their oncoming new (an attempt to forget the failed plan?) whitepaper, who now work for them. Their twitter is full of buzzwords. Yet the recent blog posts have not much substance (a copy of Swagger readme, can easily fool average persons though). Hindsight is easy. I managed to sell the majority but not all, despite realising the above. Would be interesting to see new developments.

iXledger (IXT) - BTC
iXledger (IXT) Trending Posts
Linmao Song is the reason for MY BUY IN iXledger . He is a very smart guy in the blockchain era of tech. Linmao Song
Sch. of Comput. Sci., Beijing Inst. of Technol., Beijing, China. Follow the techs when choosing your coin. This is the advancement of insurance thought the uk. The worlds largest insurance providers choice line. and like " UBER they own no car but is the largest transportation company in the wold. " THEY OWN NO INSURANCE COMPANY but will provide the most coverage for multi-coverage choice in the WORLD .
https://medium.com/ixledger/ix-f256ec3e2345
It's not much. But I think the team is now running. (Other startups bring such a video to the presale).
This is a scam company because of two facts, 1. There address in London is NOT real it's a virtual office address and 2. In UK by Law you have to register as an Insurance company either at Association of British Insurers ABI or Financial Services Register FCA. As this company has not registered they are breaking the Law and NOT real.