XPOOL - The next best defi on Binance Smart Chain

XPOOL - The next best defi on Binance Smart Chain

Website / Whitepaper / Twitter / Telegram / Medium

I. Introduction

1. What is Xpool?

Xpool is an open-source liquidity protocol built on the BSC (also known as Binance Smart Chain), allows users to borrow assets from the platform and adds liquidity to the exchange by depositing assets into Xpool, thereby fostering higher potentials to earn profits from your own assets.

2. Features

Deposit and earning

Each asset on Xpool has its own supply and demand as well as different APY (Annual Percentage Yield) that changes over time. You can find more information about the average annual rate over the past 30 day

Borrow

Users who want to borrow any of the supported cryptocurrencies, stablecoins, or digital assets from Xpool must pledge collateral that will be locked on the protocol.
Unlike traditional banks, users do not need negotiable terms, have no maturity date, each type of asset will have its own interest rate and change according to the law of supply and demand.
Xpool allows users to choose and change between stable and variable interest rates on borrowed assets.

Flash loan

Xpool allows certain loans, called “flash loans,” to be instantly issued and settled. These loans require no upfront collateral and happen almost instantly.
Flash loans take advantage of a feature of all blockchains, which is that transactions are only finalized when a new bundle of transactions, known as a block, is accepted by the network.

3. Xpool’s competitive advantages

The most reasonable transaction cost in the market

Most DeFi applications involve multiple/multi-level transactions, which might incur a transaction fee at each step. For this reason, blockchain fees are an important factor to consider before choosing a blockchain protocol. Binance Smart Chain and Ethereum are two of the most popular blockchains chosen for DeFi projects. However, when it comes to blockchain fees, Binance Smart Chain is substantially more cost-effective than Ethereum. Thus, X-pool has an outstanding advantage when transaction fees are recognized at the most reasonable level in the market compared to the competitors.

The fastest transaction speed in the market:

Avoiding unnecessary delays and restraints of nonessential execution in transactions is another factor that DeFi developers must consider before choosing a blockchain. Binance Smart Chain, compatible with smart contracts for decentralized applications, is connected to a high throughput Binance Chain to achieve shorter confirmation times and higher transaction processing speed that is programmable. X-pool guarantees a stably high speed for every transaction.

Thanks to the outstanding competitive advantages from Xpool, it results in the greater potential from Defi for everyone to have access to the global financial market with the following benefits:

The protocol has no interference

Xpool is an unsupervised and non-interfering platform with a great degree of assurance that money will not be misused and a full control of assets for their users.

Flexible interest rate options

Xpool offers the users attractive interest rate options. Lenders can choose between a steady rate and a variable rate depending on their investment goals.

Open source

Adopting the essence of Defi, Xpool provides open source lending protocols, which are generally more secure as it undergoes a rigorous community peer review process, assuring all operations and functionality.

High annual interest earnings

Depositors will receive dynamic income with attractive APY providing liquidity to the platform as with monthly bank savings.

II. XPool token information
XPO is a token of Xpool. The XPO token is the BEP-20 governance token of the platform and is primarily used for voting in governance decisions, used as collateral and users can earn interest on deposit and get discounts for Xpool services.

1. Token specification

Name: XPO
‌Symbol: XPO
‌Network: Binance Smart Chain
‌Spec: BEP-20

2. Token allocation

Max supply: 210,000,000 XPO
‌Airdrop: 1% - 2,100,000 XPO
‌IDO 1: 2% - 4,200,000 XPO
‌IDO 2: 1% - 2,100,000 XPO
‌Liquidity: 0.75% - 1,575,000 XPO
‌Farming: 95.25% - 200,025,000 XPO

3. Token uses case

Earning interest on deposit

By depositing XPO to Xpool protocol, users will earn an attractive annual interest as the passive income.

Use as collateral

Borrowers can use XPO as collateral to borrow assets and have a chance to get a discount on fees or borrow more than usual.

Fee discount for Xpool services

Xpool borrowers do not get charged a fee if they take out loans denominated in the token.

Voting and governance

Users who hold XPO tokens can vote for potential product upgrades, releases, and parameter fixes.

X-pool is one of the next best DeFi projects established in 2021 built on the Binance Smart Chain with the objectives to enhance transparency and create more opportunities for all traders in the market to approach a new form of financial investment. Low transaction costs and fast transaction processing speed will be two core factors in distinguishing and positioning X-pool among numerous competitors in the present days.

As well, the launch of the XPO token with an impressive total amount and reasonable liquidity signaled the potential of this project in the near future. Indeed, this is truly a worthy DeFi investment project where you are authorized a complete control. Investing early and smartly in a project like X-pool is something you cannot miss in 2021.

Hey, I see on your site, Xpool is partnership with BSC.TOOLS, where I can see the partnership announcement from BSC.TOOLS? I have a hard time finding it on their social media. I know BSC.TOOLS was a new arrivals project and has seen great results so far. Also your project not listed as their partner in their site https://bsc.tools/

Quote from: necromastery on March 30, 2021, 11:23:16 PM

it's maybe because they are too early to announce their partnership or maybe it's just a self claim? we don't know until there's an official announcement from both side. I see that bsc.tool actively updating their twitter account, and always post their partnership on the website. let's just wait for an update.

MIGRATION CALL
You will lose huge profit when coutinuing to staying in PoolX & PoolX V4
To continue to farm $XPO, Xpool holders must:

- Unstake from PoolX and start to stake on #Xpool

- For those having LPs on V4: Unstake >Migrate to PSC v2 >stake LP on https://xpool.app/stake

THIRD BURNING EVENTS
Our financial team decide to burn 12,200,000 $XPO (~48% total supply) on the third burn event!
Check this transaction hash below:
https://bscscan.com/tx/0x15c2addfdb71c5c3a5da0b7051a16d46324b6db04ce1404334cc377b38358065
P/S: Xpool mainnet is very close!!!

XPO to the MOON!

We have updated the official smart contract list on the mainnet. Check our document to find more:
https://docs.xpool.app/xpool/additional-document/untitled

We are working with the quicknode and getblock partners to resolve the issue, no estimated date yet. We will update the situation every day.

get the latest news only on Xpool twiter: https://twitter.com/Xpoolofficial

[Update]

We have updated the official smart contract list on the mainnet. Check our document to find more:
https://docs.xpool.app/xpool/additional-document/main-market

see the official information here : https://twitter.com/Xpoolofficial/status/1391970058566471682
also follow us on telegram: https://t.me/xpoolofficial

AMA with https://t.me/cryptoclub01
We are delighted to announce that our 11th #AMA with
https://t.me/cryptoclub01 will be held today
Join AMA and send your questions to get reward up to $100!
DATE: MAY 11th, 2021
TIME: 10 AM UTC
VENUE: https://t.me/cryptoclub01

BSC issues as below is main cause that blocking us from syncing + verifying recent blocks for #Xpool frontend module. Our dev team are actively helping BSC dev community to fix this issue. Meanwhile:
✅Stay calm
✅Give #BSC dev team some times
✅Show #Xpool dev team your support

see the official information here : https://twitter.com/Xpoolofficial/status/1392070405284794374?s=19

Quote

#BSC Dev community and validators have noted the low TPS (around 100) and transactions take longer to get blocked.
Validators are having many reorgs due to the heavy load, low hardware spec and some bugs in the BSC validator clients. A joint effort are being poured to upgrade.

🔥We are very close to the fully sync frontend module. Thanks for BSC dev team has been working hard with our dev team to resolve issues quickly and professional.
💪Let's wait for our dev team to take care the rest! Show them your support!!!

https://twitter.com/Xpoolofficial/status/1392168652086988808?s=19

If you're running a full node on #BinanceSmartChain, we recommend updating to v1.1.0 immediately.

The latest update comes with improved node performance and drastically cuts disk usage by up to 70%.

https://www.binance.org/en/blog/binance-smart-chain-v1-1-0-beta-release/

#XPOOL PROTOCOL MAINNET IS LIVE!
The 1000 first deposit wallets will get big surprise! More details of the airdrop campaign will be announced soon! Pass over the Moon, let's go to the Mars!!!
https://t.co/zU7i80gXhm

Due to the slow transaction speed from BSC, recently it will be a delay for any actions on XPool.
Please give BSC dev team and the BSC authority nodes time to update their version to 1.1.0
https://twitter.com/BinanceChain/status/1392435445661933569

Quote

AMA with @wizards_crypto

We are thrilled to announce that our 12th #AMA with @wizards_crypto will be held today!
Join AMA and send your questions to get reward up to $100 BUSD!
🗓 DATE: 13 MAY, 2021
TIME: 12 PM UTC

VENUE: t.me/CryptoWizardsChat

Is there a bounty run?

🔥AMA with @CryptoTitans1
Take your chance to get to know Xpool protocol and ask any questions about us
📍 Venue : @CryptoTiTans0
📅 On 14th May
⏰ Time : 12:00 UTC
🎁 Prize pool: 50$ USDT

🔥AMA with @bl0ckchainspace
Join 👇our AMA to take chance to understand #Xpool protocol as well as ask any questions about us.

⏰Time: 12PM UTC
📅Date: 15 May, 2021
💰Reward: $100
🏠Venue: https://t.co/Jk2jXtS8Y4
#XPO #BSC #BinanceChain

Quote

Hey Folks 🎉

Blockchain Space🪐 will hold an AMA with @Xpoolofficial

Time : 12:00PM UTC

Date : 15th, May

Venue : https://t.co/8q1X7PiE0P

Follow :

@bl0ckchainspace

@Xpoolofficial

Like & Retweet, tag 3 friends & comment your question below
(Max 2 questions each person) https://t.co/ntOfFmA80y

confettiThanks @DappRadar for our listing!
#Xpool at: https://dappradar.com/binance-smart-chain/defi/xpool
$XPO to the MARSRoket

- We build a nice view for Stakers to manage their locked rewards, which makes a clean, clear and no hidden features
- We turn blockchain into web views for any user (not only for super users but anyone)
PS: This is a work in progress, we will announce with guide soon! Stay tuned

✨AMA with @twinciio
⚡️Join our AMA to have chance to understand #Xpool protocol and get reward up to $150!

⏰Time: 10AM UTC
📅Date: May 19th, 2021
💰Reward: $150
🏠Venue: https://t.co/66ozLOoDaU

$TWIN $XPO #BSC #NFTs #BinanceChain #BUIDLONBSC https://t.co/jeHNrRZy76