FXD is a stablecoin built on the XDC Network, developed and issued by Fathom DAO, a decentralized autonomous organization. It is a stable-priced cryptocurrency, with its value softly pegged to the US. dollar. FXD is backed by over-collateralized XDC tokens, which are securely held in smart-contract vaults during the minting process of new FXD tokens.

One of the key objectives of FXD is to bridge the trade finance gap by providing direct access to alternative investors for micro, small, and medium-sized enterprises (MSMEs). Through platforms such as portal tradefinex org and fathom. FXD leverages the fast, scalable, and secure infrastructure of the XDC Network. It offers MSMEs stable financing options that are more accessible and cost-effective, enabling them to obtain the necessary capital for business growth. This initiative significantly fosters economic expansion and job creation and empowers MSMEs to flourish globally.

Certainly! Here's a step-by-step guide on how to mint your FXD tokens:

Before begning with the step you will have to white list your address to get your address whitelisted please fill out the form on website.

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Step 1 Access Fathom Website Visit the official Fathom fi website at fathom.



Step 2: Launch the Application. Click on the "Launch App" button to access the application.

Step 3 Connect Your Wallet

Once the application is launched, connect it to your preferred wallet. You can connect using XDCPay, Metamask, or any other XDC Network wallet that supports wallet connect.



Step 4 Explore Available Information

Upon connecting your wallet, you'll see important information like the total value locked (TVL) of issued FXD tokens and the current price of FXD.



Step 5: Access the Borrowing Section

To borrow or mint FXD tokens, navigate to the borrowing section of the application. This section allows you to interact with the protocol and create a new position.



Step 6: Choose the Amount to Borrow

Specify the amount of FXD tokens you wish to borrow. Remember that the amount of FXD you can borrow is determined by the collateral you provide in the form of XDC tokens. Make sure not to borrow more than you can safely collateralize to avoid liquidation risks.

Step 7: Confirm Borrowing Transaction

Once you have entered the desired amount of FXD tokens to borrow and reviewed the transaction details, confirm the borrowing transaction through your connected wallet. Be sure to check the gas fees and confirm the transaction.

Step 8: Collateralize XDC Tokens

As a part of the borrowing process, you will need to collateralize XDC tokens to secure the FXD tokens you are borrowing. The XDC tokens will be held in a smart contract vault during minting.

Step 9: Borrow FXD Tokens

After successfully collateralizing your XDC tokens, the smart contract will mint and send the requested amount of FXD tokens to your wallet.

Step 10: Monitor Your Position

Once you have minted the FXD tokens, you can monitor your position through the Fathom application or your connected wallet. Ensure that you keep track of the FXD token's value, the collateralization ratio, and any changes in market conditions.

Remember, borrowing or minting FXD tokens involves risk, and it's essential to clearly understand the process, the risks involved, and how to manage your positions effectively.

Please note that this guide is for informational purposes only and should not be considered financial advice. Always do your own research and consider your risk tolerance before participating in any financial activity.

XDC Network, an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain network has completed an important milestone as part of efforts to further digitalise global trade. This integration with Singapore's Infocomm Media Development Authority's (IMDA) TradeTrust, a framework that enables trusted interoperability of electronic trade documents across various digital platforms. As part of this new collaborative effort, IMDA's TradeTrust can verify and transfer documents which can bring more visibility to trades, proof of authenticity and origins of documents, enabling a more seamless and efficient flow of goods between digitally interconnected trading partners.

This partnership is another milestone for XDC Network. In the space of Trade Finance, they already have a cross-border payments and financial messaging platform which is ISO 20022 compliant. XDC Network is being used by many financial institutions for asset origination to distribution. "Incorporating TradeTrust into XDC Network brings in the much-needed utility the industry has been waiting for. We are keen to play our part and look forward to working together with the industry and provide benefits as operational efficiencies created by digitised bills of lading, supply chain automation, risk management solutions, new capital markets, and improved access of capital for SMEs", says Sunil Senapati, CEO, XDC Trade Network.

"IMDA is excited to partner XDC Network to provide another blockchain-enabled platform that will enable government bodies and businesses to digitalise cross-border trade. With the growing demands of blockchain globally, XDC Network, as a partner of IMDA's TradeTrust is one of the solutions for trade finance. We will continue to work closely with industry partners to push the envelope in global digital trade", said Mr Loh Sin Yong, Director, TradeTrust, IMDA.

TradeTrust is a framework that comprises globally accepted standards connecting governments and businesses to a public blockchain. TradeTrust has proven capability in tracing the source of digitally issued documents and verifying their authenticity. Examples of use cases include validating the authenticity and provenance of government-issued documents, title transfers of electronic Billing of Lading and more.

With this XDC is also launching a special purpose entity named XDC Trade Network. This entity will primarily focus on Interoperability of MLETR solutions and provide liquidly for trade documents developed on a MLETR compliant solutions. The $2 trillion global trade finance gap which mostly affects the SMEs will now be able to access the required capital thru this entity. Pilots for this solution is already underway. Fully functional solution along with a regulated custodian will go live in September.

With MLETR gaining momentum our solution should drive digitalisation across trade participants. This would lower compliance costs, ease access to credit for SMEs, allow monitoring supply and logistics chains in real time, and even help prevent documentary fraud. With so many nations actively working to push through the enabling regulatory frameworks, we feel our solution is very timely and we can say cross border trade is looking increasingly more digital. We are keen to play our part and look forward to working together with the industry further added Sunil Senapati, CEO, XDC Trade Network.

About IMDA

The Infocomm Media Development Authority (IMDA) leads Singapore's digital transformation by developing a vibrant digital economy and an inclusive digital society.

As Architects of Singapore's Digital Future, we foster growth in Infocomm Technology and Media sectors in concert with progressive regulations, harnessing frontier technologies, and developing local talent and digital infrastructure ecosystems to establish Singapore as a digital metropolis.

About XDC Trade Network

XDC Trade Network is a complete suite of dApps on XDC Network that aims to redefine the global trade finance Industry by enabling digitisation of cross border trades. Working closely with its solution eco-system partners it promises to deliver Interoperability of MLETR solutions and Funding for trades documents developed on a MLETR compliant solution.