XcelDefi - Built to Disrupt the Traditional Financial Ecosystem

Overview

Defi is a term given to financial services that have no central authority or someone in charge. Using decentralized money like certain cryptocurrencies that can be programmed for automated activities, we can build exchanges, lending services, insurance companies, and other organizations that don't have an owner and control by anyone.

These Decentralized finance systems use protocols, cryptocurrencies, and smart contracts to build the application (dapps) on Ethereum and Binance smart chain which are open to all. The traditional finance system is centralized, opaque, and dependent on few entities of the system while the purpose of Defi is to create a financial ecosystem that is opposite to centralized finance in terms of open source, permissionless, transparent, and without any central authority. In Defi, users can control their own assets and manage them for high returns interacting with Dapps.

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. Here XcelDefi plays an important role.

What is XcelDefi?

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, intends to lowering the barrier of entry for newcomers interested in joining the industry.

XcelDefi’s Mission

XcelDefi’s mission is to improve the DeFi ecosystem and accelerate adoption by improving user experience. XcelDefi intends to build a value-driven ecosystem that will broaden DeFi’s horizons. The ultimate goal of XcelDefi is to dismantle financial barriers and use blockchain technology to disintermediate centralized finance models. In addition, the introduction of XcelDefi allows for equal participation in financial services regardless of ethnicity, age, or cultural identity.

XcelDefi Vision

XcelDefi intends to integrate blockchain and its use cases into society to become a part of everyday life through the products on the platform.

XcelDefi intends to increase accessibility in the crypto sector by making it simple for anyone with little or no technical knowledge to navigate and understand DeFi using our UI, lowering the barrier to entry and driving user growth.

XcelDefi intends to build a highly scalable and secure system to set the bar for the next generation of DeFi products while providing seamless interoperability.

Native token $XLD, aims to provide unrivalled benefits and opportunities to the DeFi community while also establishing the first fully decentralized and digital economy.

Why XcelDefi?

XcelDefi aims to seamlessly integrate DeFi with other sectors, creating more use-cases and setting the standards for the next generation of DeFi products in the process. XcelDefi has the potential to be a gamechanger, and it could be precisely what DeFi needs to capitalize on the “DeFi boom” of the last two years.

XcelDefi Ecosystem

XcelDefi aims to create an ecosystem in which token holders can benefit from premium platform services such as •XcelSwap •XcelTrip •XcelPay Wallet

• XcelSwap - XcelSwap is a decentralized exchange that enables users to trade peer-to-peer with complete confidence while utilizing liquidity provided by others. XcelSwap is a non-custodial exchange, which means they do not need to hold your token for you to trade it. XcelSwap is an automatic market maker, an underlying protocol that underpins all decentralized exchanges.

Features of XcelSwap

1> Staking - Staking is a distinguishing feature of XcelSwap. A large number of mining pools deceive users by promising high APR returns. At XcelSwap, they designed a staking feature to ensure that returns remain constant over time. The staking mechanics were designed with simplicity in mind, and the protocol only calls for a 72-hour staking period. After this period, users can withdraw their funds plus interest at any time.

2> Yield Farming - Yield farming is a method of generating returns on XcelSwap using your cryptocurrency. Farming with XcelSwap allows you to earn rewards by supplying liquidity to various farming pools. Users will be required to provide liquidity to the XLD-ETH pair to participate in XcelSwap farming pools. The more a user deposits, the greater their share of the total rewards.

• XcelTrip - XcelTrip is reshaping the travel industry. Smart contracts connect travel service providers and customers directly. It not only saves customers money, but it also allows them to earn more money. Users can make money by convincing hotels, restaurants, and travel service providers to join www.xceltrip.com through XcelTrips’ International Marketing Partner (IMP) marketing scheme. The XcelTrip platform allows travel vendors to list their services for free, eliminating the need for mediators or intermediaries. As a result, vendors are paid faster, and their profit margins grow. XcelTrip has integrated a cryptocurrency payment solution with an OTA booking engine with success. Users can now make reservations in Bitcoin, Bitcoin Cash, Bitcoin, BNB, XcelToken plus, ETH, and Verge.

• XcelPay Wallet - The XcelPay wallet is a decentralized wallet project that aims to make cryptocurrencies more accessible. XcelPay can be used to buy gift cards and top up mobile phones directly from your wallet. The XcelPay Wallet allows you to create your wallet and begin buying and holding cryptocurrency if you are new to cryptocurrency. The wallet is easy to use and understand. Some valuable features distinguish the XcelPay wallet.

Features of XcelPay Wallet

1> Payment Request - Users on the platform can send direct payment requests to other users. If your crypto payment is pending, you can also send a payment request.

2> Performance Tracking- On XcelPay Wallet, users can mark tokens and add them to their watchlist. When you observe the token, you will access 24-hour data, including the 24-hour high, 24-hour volume, 24-hour low, current coin price, and percentage change

XLD Token

XcelDefi (XLD) is the Governance Token of XcelSwap. XcelDefi can be used around the platform for swaps, staking, and yield farming. Furthermore, XcelDefi (XLD) can be used by XcelSwap to shape XcelSwap's future.

Use Cases of XLD

XcelDei (XLD) has the largest use cases in the entire crypto & DeFi sector.

1> Governance - XcelDefi (XLD) acts as the governance token of XcelSwap. XcelDefi holders can vote on the development or amendment of the XcelSwap project and can also submit governance proposals. This makes XLD a completely community-driven token.

2> Payments - XcelDefi (XLD) can be used to book 2.3m+ hotels and 450+ flights on XcelTrip.com - a decentralized travel ecosystem for cryptocurrency travelers with over 500,000 active user base worldwide.

3> Passive Income - XcelDefi can be used for passive income by various methods on XcelSwap. Users can earn XcelDefi through Liquidity mining and staking on pools. XcelDefi rewards its community members and investors for participating in liquidity mining programs.

4> Crypto for all - Via XcelPay Wallet, XcelDefi (XLAB) can be used to recharge your mobile carrier service. The token can be used to top up mobile plans on 900 different service carriers in 190+ countries! There are thousands of active users using mobile top-up features on a daily basis. XcelPay Wallet has over 100k downloads with millions of crypto communities within the XcelLab Ecosystem.

Tokonomics

Token Name: XcelDefi
Token Ticker: XLD
Network: ERC-20/ BEP-20
Total Supply: 111,000,000 XLD

Roadmap

Team

Conclusion
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 site. XcelDefi’s use-cases are unrivalled, 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.