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Summary of XSwap Protocol
Key Points:
- XSwap is the 1st automated market maker & launchpad for XRC20 tokens on the XDC Network.
- Focuses on building a challenger to PancakeSwap (CAKE) and Uniswap (UNI).
- Empowers crypto enthusiasts with secure, fast, and resource-efficient instruments for peer-to-peer exchange of digital assets.
- XSwap facilitates exchange between XRC-20 tokens on the XinFin XDC Network.
- XinFin XDC Network processes over 2,000 transactions per second with 2-second latency.
- XDC coin will be used as a mediator in XSwap operations.
- XSwap has
Introducing XSwap Protocol: A Revolutionary Decentralized Trading Ecosystem
The XSwap protocol pioneers a novel approach as the inaugural automated market maker and launchpad specifically designed for XRC20 tokens, built upon the robust XDC Network (XDC), with the highly anticipated V3 now live.
XSWAP is dedicated to creating a formidable alternative to BSC-based PancakeSwap (CAKE) and Ethereum-based Uniswap (UNI), with a primary focus on equipping crypto enthusiasts with secure, rapid, and resource-efficient tools for seamless peer-to-peer exchange of digital assets.
Launched atop the XinFin XDC Network, XSWAP enables seamless exchange between XRC-20 tokens, a standard analogous to ERC-20 on Ethereum and TRC-20 on Tron.
Beyond a dependable exchange and liquidity ecosystem, XSWAP will serve as a gateway to crypto markets, providing a launchpad for innovative, early-stage products of diverse kinds.
The developers of XSWAP have opted for the XinFin XDC Network as the technical foundation for their product, driven by several compelling reasons. Foremost, the XinFin XDC Network offers a holistic approach, rendering it an ideal platform for a diverse range of use cases that cater to the needs of governments, private enterprises, research teams, and more. Its innovative hybrid architecture enables XinFin to provide a versatile and efficient distributed solution.
Notably, the XinFin XDC Network is capable of processing an impressive 2,000 transactions per second, boasting a remarkably low latency of merely two seconds.
At the heart of the XinFin XDC Network lies its core native asset, the XDC coin, which will serve as a mediator in XSWAP operations. Furthermore, XSWAP has unveiled the intricacies of its tokenomics model, encompassing staking, farming, and token allocation.
XSWAP proudly features a native, high-performance automated market making engine. By locking their XRC-20 tokens in diverse pools, liquidity providers can earn periodic LP rewards, thereby presenting a straightforward, passive income opportunity for crypto enthusiasts of all skill levels.
Furthermore, XSWAP will boast its own indigenous staking module, distinguishing it from liquidity farming. This innovative feature enables users to reap rewards by injecting liquidity into a single token, thereby unlocking new opportunities for value creation.
XSWAP will boast its own core utility and governance token, XSP, boasting a capped token supply of 13,000,000,000 coins. A 10% allocation of tokens is reserved for the team and founders, subject to a 30-month vesting period. Furthermore, a total of 130 million XSP tokens will be incrementally unlocked every 90 days.
Twenty-three percent of the tokens will be earmarked for public sale. A further 20% will be dedicated to fueling the listing campaign and forging strategic partnerships. The largest allocation, a substantial 47% of the XSP supply, will be reserved to catalyze the growth and progress of the XSWAP ecosystem. Lastly, a notable proportion of the XSP supply will be distributed among bounty hunters, airdrop participants, and ambassadors.
Furthermore, XSP tokens will be leveraged to provide supplementary incentives within staking and farming initiatives.