Launched in 2018 with no ICO, XBI describes itself as a privacy-preserving cryptocurrency and Decentralised Autonomous Organisation that aims to allow private and crosschain DeFi. It is a Proof of Stake coin featuring decentralized governance, masternodes, and privacy techniques like Ring CT and Bulletproofs. The current focus of XBI is working on lightweight and scalable privacy protocol and crosschain private swaps.
Bitcoin Incognito (XBI) is like a scam. This is my personal opinion, I don't want to misinform anyone.