xPool: A Potential Project On Binance Smart Chain To Invest In 2021

X-pool aims to be one of the leading DEXs established in 2021. It is built on the Binance Smart Chain with the objectives to enhance transparency and create more opportunities for all traders in the market.

By
BSCNews
on
April 4, 2021
Category:
Project Insight

Introduction

Decentralized Finance (DeFi) is considered to create a "breakthrough" in the banking, finance, economics, and crypto industries. DeFi has become a promising field attracting large investment in recent times. In particular, the demand for borrowing and lending becomes hotter when it seems that the traditional financial market cannot fully satisfy the strict users' requirements! Foreseeing that trend, Xpool, a decentralized lending protocol on Binance Smart Chain (BSC), has been developed to meet the needs of the market. Therefore, Xpool and the XPO token will be a potential project on BSC to invest in 2021. Now let us find out more about the most awaited project in 2021 - Xpool and the XPO token!


What is Xpool?


X-pool is an open-source decentralized protocol built on BSC. It enables users to borrow assets from the platform, deploy their assets, and earn intrest with ease.

Xpool’s Unique Selling Point

Building on the BSC gives Xpool a huge competitive advantage that helps the platform build a better reputation in the Defi market due to the following features:

  • Cheap Transaction Fees

Binance Smart Chain and Ethereum are two of the most common blockchains of choice for DeFi projects. When it comes to blockchain fees, BSC is substantially more cost-effective than Ethereum. Thus, X-pool has an outstanding advantage when as many users cannot access the Ethereum Network due to immense transaction fee’s.

  • Transaction Speed

Binance Smart Chain is compatible with smart contracts for decentralized applications, is connected with the high throughput Binance Chain to achieve shorter confirmation times and higher transaction processing speeds while being programmable.  X-pool guarantees a stably high speed for every transaction.


XPool Token Information

XPO is a BEP-20 token of Xpool with a total supply of 210,000,000 units distributed to the community through Airdrops, IDO Programs, and Liquidity Incentives. XPO holders will receive the advantages below:

  • 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 Collection & 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.


  1. Token Information

Name: XPOOL

‌Symbol: XPO

‌Network: Binance Smart Chain

‌Spec: BEP-20

Contract: 0xeBB59CeBFb63f218db6B5094DC14AbF34d56D35D



  1. 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


Joining the Xpool IDO Program

There are 2 rounds for IDO on LaunchZone PadX:

First Round IDO on Launchzone

The Xpool team has partnered with Launchzone -formerly BSCEX- to utilize their IDO system. The following details outline the IDO and how to participate:

  • Token sale: 4,200,000 XPO
  • Token price: $0.0238 
  • Condition: Win Lucky star tickets
  • Time: 11:30PM GMT+8 on April 4th, 2021


Steps To Participate in IDO 1:

Step 1. Lock BSCX

All users who lock at least 100 BSCX will have a chance to join the IDO program. 

One wallet address can lock up to 1,000 BSCX to increase ticket odds.


Step 2: Get Ticket 

For each 100 BSCX token is locked, the user will get 1 lottery ticket that is called Lucky Star. The lottery will take place, and the winning Lucky Stars will be granted access to participate in the IDO in exchange for XPO (this process is done automatically once you applied for a Lucky Star and won any ticket).


Step 3: Claim Participation Slots 


After receiving a winning Lucky Star ticket, the owners of winning Lucky Star tickets can claim their Participation Slots. Once the slot is claimed users will can participate in the IDO to purchase XPool with BSCX token. It is required that buyers claim their reward and make a purchase before the Claim period ends or the Progress bar reaches 100%.


How to get Lucky Star Ticket to buy XPO? Follow Launchzones official documents via this link.


Launzone Whitelisted Second IDO Round

  • Token sale: 2,100,000 XPO
  • Token price: $0.0476 (on Launchzone only)
  • Condition: Get Whitelisted
  • Time: 00:00 GMT+8 on April 5th (30 minutes after the first round ends)


Steps To Participate in IDO 2:

Step 1. Register for the BSCX Heroes Program

Register for the BSCX Heroes Program with the Sower Bot

  1. Go to @thesowerbot on Telegram and select Start
  2. Type the command /add_whitelist and enter.
  3. Follow the instructions

Telegram accounts can be linked to one Twitter account only.

Step 2. Get Whitelisted

Only those who are on the LaunchZone whitelisted can participate in the second round of Xpool IDO. Each whitelisted address can buy a maximum of $100 worth of XPO paid in BSCX token. If the number of whitelisted addresses is oversubscribed, our software will follow the first-come, first-served (FCFS) rule.

This is how to win the LaunchZone whitelisted position for the second round by participating in the BSCX Heroes Program: https://launchzone.org/docs/2070-2/


Airdrop Campaign

Xpool protocol is excited to announce that on March 31st, 2021 the alpha testnet will be deployed on the BSC. This version will allow users to test all of the functions in the Xpool protocol for free. Moreover, when completing all the required tasks, you will have a chance to receive XPO as the reward of the Airdrop Testnet campaign. 

To find more information, please read these instructions. Also, you can watch the following video tutorial to join Airdrop Testnet Campaign easily: 



Conclusion

X-pool aims to be one of the next best DeFi projects established in 2021. It is built on the Binance Smart Chain with the objectives to enhance transparency and create more opportunities for all traders in the market. Low transaction costs and fast transaction processing speeds will be two core factors in distinguishing and positioning  X-pool among numerous competitors in the space.


Join us now at:

Website

Twitter

Telegram Channel

Telegram Group

Medium

Discord


This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

Tags:
No items found.