XVIP (XIAO-VIP) is an upgraded chain of the decentralized digital asset XIAO, based on Ethereum. XIAO is a subsidiary under Theysw Group, established in Spain in 2017, and is widely loved by fashion-forward youth around the world. Currently, XIAO has 219 specialty stores in 15 countries globally. Although these specialty stores only account for one-third of all Theysw company branches, their sales represent approximately 66% of total sales.