XcelDefi is a BEP20-based digital asset that runs on the Binance Smart Chain, the fastest and most secure blockchain in existence. It aims to bring financial services to the masses and break down barriers to financial inclusion. Its ecosystem is powered by XcelLabs, a company that aims to create a decentralized digital product ecosystem. XLD will be the native digital token of XcelLabs and will be based on the Binance Smart Chain.XcelDefi is the next generation of DeFi, which will challenge the traditional financial system. It is the parent company of several promising cryptocurrency projects, including XcelTrip, YPX, XcelSwap (DEX), & YPY. This project is currently moving from the native Ethereum blockchain to the Binance Smart Chain.XcelSwap is a decentralized exchange built on the Binance Smart Chain. It is an open platform where users can buy, sell, and swap BEP-20 tokens. Using XcelDefi, you can purchase, sell, and receive BEP-20 tokens. XcelPay users can also send and receive XcelDefi (XLD).
The System Works In XcelDefi
Decentralized finance, also known as DeFi, was introduced as a concept to supplant the prevalent traditional finance model. Fast forward to today, and DeFi has evolved from a concept introduced to the world by the advent of bitcoin to one of the fastest growing ecosystems and biggest market disruptors in human history. According to a CoinMarketCap report from May 2021, the DeFi industry currently has a market cap of $150 billion. This is no small feat given that the DeFi economy had only a $1 billion market cap in 2019, implying that the industry grew by more than 149x in two years. Furthermore, DeFi has demonstrated tremendous potential to overtake traditional finance, with a constant influx of practical applications flooding the space. Despite DeFi’s tremendous and remarkable growth, it still has some ways to go before achieving its primary goal of restructuring the financial sector by ushering in a new age of decentralization, which has been made difficult due to the low adoption rate. XcelDefi, a novel DeFi ecosystem, intends to address this issue by lowering the barrier of entry for newcomers interested in joining the industry. XcelDefi wants to build the world’s first comprehensive ecosystem, including XcelSwap, the XcelDefi launchpad, XcelTrip, the XcelPay wallet, and our own native digital token XLD built on the Binance Smart Chain. XcelDefi’s mission is to improve the DeFi ecosystem and accelerate adoption by improving user experience. XcelDefi’s business strategy and the applicable legal rules and regulations determine the availability of specific products and services in various markets. XcelDefi intends to build a value-driven ecosystem that will broaden DeFi’s horizons. We want to contribute to achieving a decentralized economy and would welcome collaboration on this journey.
Conclusion
The XcelDefi ecosystem is a critical step in taking DeFi to the next level. XcelDefi intends to create a community with access to innovative digital products while also providing the best user experience. The goal of XcelDefi of integrating blockchain technology into our daily lives appears to be very realistic. If accomplished, it would open the doors of DeFi to the untapped billions still looking to cross over to this side. XcelDefi’s use-cases are unrivaled, combining the best of multiple worlds to offer a rich and diverse array of digital products. XcelDefi also intends to give DeFi a significant boost in its efforts to replace traditional finance. Furthermore, establishing a fully decentralized economy such as XcelDefi would pave the way for a world in which decentralized organizations would be the norm and be an eye-opener in presenting the diverse applications of blockchain technology applied to all spheres of life.
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