Xpool (OP)
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March 30, 2021, 04:39:43 PM
Last edit: March 31, 2021, 04:45:26 AM by Xpool |
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XPOOL - The next best defi on Binance Smart Chain 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. FeaturesEach 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 dayUsers 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. 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.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 informationXPO 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.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.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. |
