Satoshi Nakatomoon 04/02/2021
Considered to create a “breakthrough” in the banking, financial, economic and cryptocurrency industries, the field of DeFi, also known as decentralized finance, has become an investment attraction channel. most prominent in recent times. In particular, the demand for borrowing and lending became hotter when it seemed that the traditional financial market could not fully meet the strict requirements set by users! Grasping that trend, Xpool – the decentralized lending protocol on the platform of Binance Smart Chain has been developed to meet the needs of the market. To have an objective view of this potential project, let’s dive into each item in the article below!
Project overview
X-pool is an open-source decentralized protocol that will launch in Q1 2021- built on top of Binance Smart Chain to allow users to borrow assets from the platform and receive interest by sending assets into Xpool, thereby making profits easily from the assets you own.
Main fuction:
- Deposit and Earning: By providing assets to the system, users will receive interest depending on the asset type.
- Borrow: By pledging collateral, users can borrow any supported cryptocurrency, stablecoin or digital asset from Xpool with no agreed term. Each asset class will have its own interest rate and change according to the law of supply and demand.
- Flash Loan: Xpool allows certain loans, known as “fast loans”, to be issued and paid off instantly. These loans require no prepayment of collateral or collateral and are processed almost instantaneously.
Why is Xpool considered potential in the Defi market?
Decentralized
Xpool allows both users to use and maintain full control over their assets.
transparent
All lending transactions are done through smart contracts, recorded and stored on the blockchain. This ensures a high level of trust, security, verifiability and authenticity when tested.
Building on Binance Smart Chain
Compared to the Ethereum network, Binance Smart Chain has much better speeds and much lower transaction fees. This gives Xpool a competitive edge and outstanding liquidity over its own competitors.
Information about Xpool token
Xpool is the native token of Xpool. Here are the details of XPO:
- Token Name: Xpool
- Symbol: XPO
- Network: Binance Smart Chain
- Platform: BEP-20
- Smart Contract: (will be updated after IDO time)
Xpool Token Allocation
- Total supply: 210,000,000 XPO
- Airdrop: 2,100,000 XPO
- IDO 1: 4,200,000 XPO
- IDO 2: 2,100,000 XPO
- Liquidity: 1,575,000 XPO
- Farming: 200,025,000 XPO
Detailed information about the IDO XPO trình program
Xpool announced that it will open the public sale in 2 rounds of IDO sales on LaunchZone PadX:
IDO 1 TICKET “LUCKY STARS”
- Sell number: 4,200,000 XPO
- Price: $0.0238 (paid in BSCX)
- Conditions of participation: win LuckyStar Ticket
- Opening time: 11:30PM GMT+8 on 04/04/2021 (corresponding to 22:30 on 04/04/2021, Vietnam time)
Steps to join IDO 1
Step 1. Lock BSCX
All users who lock at least 100 BSCX will have the opportunity to participate in the IDO program.
1 wallet address can lock up to 1,000 BSCX
Step 2: Get tickets
For every 100 locked BSCX tokens, users will receive 1 lottery ticket called “Lucky Stars”. Launchzone will hold a lucky draw and the winner will be entered into the Xpool IDO (this is done automatically when you register for “Lucky Stars” and win the ticket).
Step 3: Get the participation rate
After the list of lucky tickets is published (from 12 hours before the whitelist), the owner of that “Lucky Star” ticket can receive a ticket to buy IDO with BSCEX tokens. Buyers need to redeem all rewards and make a purchase before the redemption period ends or the “Progress” bar reaches 100%.
Please note that for each Luckystar ticket, you can purchase up to $100 worth of XPO with BSCX tokens.
Follow how to get the detailed “Lucky star” ticket at:
https://bscex.org/docs/how-to-get-lucky-star-tickets-and-buy-ido-on-padx/
THE SECOND ROUND FOR THE WHITELISTED
- Sell number: 2,100,000 XPO
- Price: $0.0476 (paid in BSCX)
- Conditions of participation: Be on the whitelisted list
- Opening time: 00:00 GMT+8 April 5, 2021 (30 minutes after IDO1 ends)
(corresponding to 23:00 on 04/04/2021, Vietnam time)
Steps to join IDO 2
Step 1. Register for the program “BSCX Heroes”
Sign up for the “BSCX Heroes” program with Sower Bot through these three easy steps
- Go to @thesowerbot on Telegram and select Get Started.
- Type the command /add whitelist and follow the instructions.
- Follow the instructions displayed afterwards.
A Telegram account can only be linked to one Twitter account.
Step 2. Register to be included in the additional list
Only those who are on LaunchZone’s replenishment list can participate in the second round of Xpool to purchase IDO. Each whitelisted address can purchase up to $100 worth of XPO with BSCX tokens. If the number of addresses on the whitelist is greater than the total number of seats available, we will allocate in order, the first to register will take priority (FCFS).
To learn how to stay on LaunchZone’s priority list by participating in the “BSCX Heroes” Program, see details at: https://launchzone.org/docs/2070-2/
Join quickly to become a talented investor with XPOOL!
Airdrop campaign
Xpool is running Testnet Airdrop campaign with bonus tokens up to 2,100.00 XPO! Users can join Xpool communities, test products to receive XPO.
Detailed instructions for Airdrop XPO are complete and easy to understand here
The Airdrop Testnet program has started from March 31, 2021, follow the following link for details on how to participate!
https://xpool.medium.com/xpool-testnet-airdrop-campaign-2c50f49a4221
The campaign will end at 10:30PM (GMT+8) on 04/04/2021 which is 1 hour before IDO starts so hurry up and join this program now!
Immediately follow Xpool’s media channels to update the latest project information:
Website: https://xpool.app/
Twitter: https://twitter.com/Xpoolofficial
Telegram channel: https://t.me/xpoolofficial
Telegram group: https://t.me/xpoolofficialgroup
Medium: https://medium.com/@Xpool
