WHAT DO YOU KNOW ABOUT XDC BASED TOKENS ON SWFT BLOCKCHAIN?
The cryptoverse is characterized by a huge influx of cryptocurrency projects and SWFT Blockchain is at the center of the circus providing solutions that ensure the innovation and enhancement of the whole cryptoverse by creating the most secure and easy-to-use cross-chain platform in the crypto-space.
SWFT Blockchain is a fast, simple, and secure cross-chain and swap aggregator that supports over 300 cryptocurrencies on ETH, BSC, POLYGON, HECO, FANTOM, XRPLedger, AVAX C-chain, Stellar, and over 30 other blockchains including the XinFin Network.
XinFin is an enterprise-ready hybrid blockchain technology company optimized for international trade and finance. The protocol is architected to support smart contracts, 2000TPS, 2 seconds of transaction time, and KYC to Masternodes (Validator Nodes).
Based on the revolutionary protocol, XinFin XDC based tokens can handle more transactions, has a faster confirmation time, offers lower fees, and consumes less energy.
The XDC Chain (XinFin Digital Contract) uses XinFin Delegated Proof of Stake (XDPoS), with the intention to create a ‘highly-scalable, secure, permission, and commercial grade’ blockchain network — XinFin mainnet token XDC — and also creates an opportunity to utilize XinFin’s real-world use-cases such as TradeFinex.org, which helps small and medium businesses or institutions originate their own financial requirements in a digital, fully structured manner so that they can distribute it to the bank or non-bank funders themselves using a common distribution standard.
XDC is the native coin of the XinFin Network. It has a circulating supply of 12 Billion XDC coins and a total supply of 37.6 Billion XDC coins.
So What Tokens are in the XDC Network?
The following are the XDC based tokens on SWFT Blockchain:
1. XDC
2. GBEX(XDC)
3. USDG(XDC)
4. EURG(XDC)
5. XSP(XDC)
6. PRNT(XDC)
7. BLKZ(XDC)
8. DC(XDC)
XDC: XDC is the fuel token of the XinFin network. The XDC token is the underlying utility token of the XinFin hybrid blockchain. The token acts as a settlement mechanism for dApps built on the XinFin hybrid blockchain.
Much like Ethereum’s Ether (ETH), it is used for paying transaction fees and smart contract operations. It can also be staked to participate in XinFin’s validator network and for deploying smart contracts.
GBEX(XDC): GBEX is the house token of Globiance and is used on daily basis on all Globiance Platforms worldwide. The Globiance project has been in existence since 2018 and at the time of writing this report, the Globiance Exchange Token price is $ 0.0000001035 with a 12.28% price increase in the last 24 hours. Globiance Exchange Token reached its highest price on Mar 1, 2022, when it was trading at its all-time high of $ 0.0000002096.
USDG: USDG coin unlatches the value of blockchain technology for several online platforms. The platform has been configured for modernizing payment solutions, facilitating access for entrepreneurs, upgrading traditionally illiquid and expensive processes for exchanging SMEs investment.
It brings scalability and security to users. It also has the potential of revolutionizing the definition of exchanges. The coin helps consumers to pay their billings, online shopping and trading sites products through their own or partner’s wallets.
The ultimate goal of the USDG project is to procure a quick fund raising scheme, make online and in-store purchases using their USDG wallets & Partners wallets, trade and manage funds and as well as exchange USDG Coin with other coins at profitable rates.
EURG: EURG is a stable coin pegged to the Euro, convertible at a 1:1 rate. It is issued on XinFin’s XDC blockchains to leverage the speed, near-zero gas fees, and 2 seconds transaction time. The stable coin is fully compliant with KYC/AML and CFT regulations. Every user will be required to pass Globiance KYC/AML checks before starting to trade.
XSP: XSwap protocol is an automated market maker for XRC20 tokens built on the Xinfin Network (XDC). XSWAP is focused on building the challenger of BSC-based PancakeSwap (CAKE) and Ethereum-based Uniswap (UNI). As such, empowering crypto enthusiasts with secure, fast, and resource-efficient instruments for the peer-to-peer exchange of digital assets is its primary focus.
Released on top of the XinFin XDC Network, XSWAP facilitates exchange between XRC-20 tokens (standard similar to ERC-20 on Ethereum and TRC-20 on Tron).
PRNT: Prime Numbers (PRNT) is the first DAO, the first NFT project, and the first game on the XDC network. It generates scholarships for students and has a revolutionary staking system in which you stake inside your NFTs to earn rewards.
PRNT is now on XDC-ETH-BSC. The ecosystem is a DAO that sells NFTs to provide scholarships to students to grow. However, the project is more than just NFTs. PRNT is bringing something new to the table by introducing gamefi with NFTS.
BLKZ: BLKZ is the native token of Blocksworkz, an experienced team that designs, builds, and delivers awesome blockchain projects ranging from successful NFTs launching, blockchain app development, and token creation to consultancy.
It was created to give the users motivation to facilitate transactions under the BlockWorkz Eco-system; and with only a total supply of 1,000,000,000, BLKZ token will be used across the NFT marketplaces built by BlocksWorkz.
DC: DC is the one-of-a-kind fan token of DC United powered by the XDC Network. It is used to reward fan loyalty through several engagement opportunities, like exclusive experiences and special access.
SWFT Blockchain has made it possible to swap XDC based tokens with over 300 other cryptocurrencies across over 30 major blockchains. Now, you can do lots more with SWFT Blockchain.
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