XcelDeFi is a decentralized financial platform that aims to give people control over their own finances. It is completely decentralized and reaches out to those who may be vulnerable to exploitation or abuse, such as the unbanked or people living in areas with unstable currencies.
XcelDeFi envisions building a fully-decentralized economy where trustless and permissionless financial transactions are allowed. By leveraging the power of blockchain technology and making it easily accessible to all, XcelDefi hopes to integrate blockchain into everyday life, which means that no matter who you are, where you live, or what your finances look like, everyone will have access to a digital toolkit that can be used for both securing their money and managing their digital identity.
XLD is the native currency of the platform. It is a BEP-20 token based on the Binance Smart Chain and it provides its users with various use cases.
Who Are The Founders of XcelDeFi (XLD)?
XcelLab is the parent company of the XcelDeFi protocol and has backed up some other products such as XcelSwap (DEX), XcelToken Plus, XcelToken Exchange, XcelTrip, and XcelPay Wallet.
The company intends to migrate all of its products from the Ethereum blockchain to the Binance Smart Chain in order to facilitate seamless cryptocurrency adoption due to the blockchain’s cheaper and faster transaction rates.
What is XcelDeFi (XLD) used For?
The XcelDeFi token can be used for the following purposes:
XLD holders can stake their XLD tokens on XcelSwap to earn passive rewards on their investments. They can also earn rewards by providing liquidity by staking on pools and participating in liquidity mining programs.
Booking flights and hotels
XcelTrip is an XcelLabs program that specializes in booking flights and hotel reservations. XLD, as the utility token of the ecosystem, is used to facilitate this program. As of now, users can book 450+ flights and 2.3 million hotel reservations.
XLD holders can vote on certain developments in the XcelDeFi ecosystem. They can make suggestions and submit governance proposals.
What is the Unique Point of XcelDeFi (XLD)?
XcelDeFi is the first platform that offers users a completely decentralized financial ecosystem that allows them to manage their money with ease.
With this, XcelDeFi gives users the ability to store any amount of XLD tokens in both their wallet and their crypto portfolio. The platform is fully secure and decentralized, allowing users to access funds through their mobile phones and tablets.
An additional feature of the XcelDeFi ecosystem is the Proof of Stake (PoS) system, which rewards stakers with passive income. As more people stake their tokens, the more interest there will be in maintaining a public ledger, and this creates strong network effects that are beneficial for all XcelDeFi stakeholders.
Furthermore, the XcelDeFi protocol will have a decentralized exchange (DEX) that allows users to trade directly within the app, which means that they don’t have to send their tokens to an external exchange. This will increase user trust as it allows users to keep their funds within their wallets. Users can also make use of the XcelPay Wallet for storing their holdings.
How many XcelDeFi (XLD) coins are in circulation?
The self-reporting circulating supply of XcelDeFi (XLD) is 31,592,265 XLD and the total supply is 110,325,418 XLD.
XcelDefi mints 288,000 tokens daily, of which 144,000 will be burned on a daily basis. The remaining 144,000 will be dispersed in the ratio of 75:25 to liquidity providers and the developer address and will be used for token buy-back and research and development.
How is the XcelDeFi Network secured?
The XcelDeFi system is built on the Binance Smart Chain, which employs a Proof of Stake consensus mechanism to mine new tokens and handle transactions.
Along with the protection provided by BSC, Xcel Labs has built its smart contract and dApp interface, which will further strengthen the protocol’s security. This makes it simple for traders to conduct transactions on its decentralized exchange in a secure manner.
How do I buy XcelDeFi (XLD)?
XLD is currently available on PancakeSwap (V2), LATOKEN, BW.com, ApeSwap (BSC), and XT.COM.
Which Cryptocurrency Wallet Supports XcelDeFi (XLD)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as XcelDeFi (XLD). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their XLD wallet because it offers a simple interactive interface, making it easy for people to navigate its system.