XcelDefi
INTRODUCTION
Decentralized finance, also known as DeFi, was introduced as a concept to replace the prevalent traditional finance model. Fast forward to today, and DeFi has evolved from a concept introduced to the world with the advent of bitcoin to one of the fastest growing ecosystems and the biggest market disruptor 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 considering the DeFi economy only had a market Cap of $1 billion in 2019, implying that the industry grew by more than 149x in two years. Furthermore, DeFi has shown tremendous potential to overtake traditional finance, with an influx of practical applications constantly flooding the space.
Despite DeFi's tremendous and extraordinary growth, there is still some way to go before achieving the main goal of restructuring. financial sector by ushering in a new era of decentralization, which has become difficult due to low adoption rates. XcelDefi, the new DeFi ecosystem, intends to address this issue by lowering the barriers to entry for new entrants interested in joining the industry. XcelDefi wants to build the world's first comprehensive ecosystem, including XcelSwap, XcelDefi launch pad, XcelTrip, XcelPay wallet, and our native digital token XLD built on the Binance Smart Chain.
XcelDefi's mission is to enhance the DeFi ecosystem and accelerate adoption by improving the user experience. XcelDefi's business strategy and applicable legal regulations determine the availability of certain products and services in various markets. XcelDefi intends to build a value-based ecosystem that will broaden the horizons of DeFi. We want to contribute to achieving a decentralized economy and would welcome collaboration on this journey.
What is XcelDefi?
XcelDefi is a BEP20 based digital asset, which means it is built on the Binance Smart Chain, one of the fastest and most secure blockchains in the world. The ultimate goal of XcelDefi is to remove financial barriers and use blockchain technology to separate centralized financial models. Besides, introduction XcelDefi enables equal participation in financial services regardless of ethnicity, age or cultural identity.
The XcelDefi Ecosystem, powered by XcelLabs, aims to build a decentralized digital product ecosystem backed by their native token, XLD. XcelDefi is an ecosystem powered by XcelLabs that aims to be the world's first comprehensive DeFi ecosystem by developing a digital product chain spanning multiple sectors, backed by $XLD, a community based token and leveraging blockchain technology to do so.
XcelDefi intends to take the lead in creating a fully decentralized economy, and the launch of $XLD is the first step in that direction. Moreover, XcelDefi is designed to bring together the travel, cryptocurrency, DeFi and investment sectors under the Xcel banner.
VISION
XcelDefi's vision fully embodies Satoshi Nakamoto, the creator of Bitcoin, philosophy and desire to build a decentralized economy that allows trustless and permissionless financial transactions, which is why the team at Xcel Labs aims to create a comprehensive decentralized ecosystem powered by XcelDefi.
XcelDefi intends to accelerate the inevitable takeover of traditional finance by driving user growth and mass adoption through the roof (TradFi).
The following are part of XcelDefi’s vision: Incorporation of DeFi/Blockchain into Our Daily Lives: XcelDefi intends to integrate blockchain and its use cases into society to become a part of everyday life through the products on our platform.
Accessibility: We intend 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.
Secure and scalable ecosystem: We intend to build a highly scalable and secure system to set the bar for the next generation of DeFi products while providing seamless interoperability.
Our ecosystem, powered by our native token $XLD, aims to provide unrivalled benefits and opportunities to the DeFi community while also establishing the first fully decentralised and digital economy.
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XcelSwap - Next Generation Decentralized Exchange
XcelSwap is a decentralized exchange that allows users to trade peer-to-peer with complete confidence while taking advantage of the liquidity provided by others. Unlike centralized exchanges, XcelSwap is a non-custodial exchange, which means we don't need to store your tokens for you to trade. We have created a progressive environment for new projects to connect to the targeted market as long as several entities are willing to provide liquidity.
Anyone holding a token must provide the same liquidity and free tokens to become a liquidity provider (usually a stablecoin or ETH). Holders receive XcelSwap liquidity provider tokens (XLD) representing their share of the token pair liquidity pool after providing equal share liquidity for these two tokens. This liquidity pool allows other traders to access the collected tokens in exchange for a small fee which is distributed proportionally among all participants of the liquidity pool. Because it's a decentralized exchange, XcelSwap is an automated marketplace builder. Automated Market Builder is the basic protocol that underpins all decentralized exchanges. Automatic Market Maker (AMM) allows users to trade crypto assets automatically and without permission by leveraging liquidity pools. Only projects that meet the XcelSwap criteria will be listed and supported. Among the requirements for registering on XcelSwap are smart contract audits, protocol compliance, and pre-locked liquidity.
The longer a user stakes, the more the reward. For example, if a user stakes for 30 days and receives $200. A user that staked for 60 days will get a $250 yield.
Staking
Staking is a distinguishing feature of XcelSwap. A large number of mining pools deceive users by promising high APR returns. However, these returns are the introductory APR rate to attract liquidity, which typically does not last long due to increased token circulation. At XcelSwap, we designed our 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. They can also claim their rewards for free.
The staking protocol is summarised below:
- Staking fee (XcelSwap)
- Entry Fee for Stakes: 1.5%
- Exit Fee for Stakes:0.5%
- Minimum stake lock-up: 72 Hours
Yield Farming
Yield farming is a method of generating returns on XcelSwap using your cryptocurrency. It is one of the pillars of the DeFi space. 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.
Another incentive for adding funds to a liquidity pool is the distribution of a new token. For example, while purchasing large tokens is impossible, liquidity providers can accumulate these tokens by providing liquidity to a specific pool.
XcelTravel
By incorporating blockchain into a decentralized ecosystem powered by smart contracts, XcelTrip is reshaping the industry journey. These smart contracts connect travel service providers and customers directly. It not only saves customers money, but also allows them to earn more money.
Users can earn money by convincing hotels, restaurants and travel service providers to join www.xceltrip.com through XcelTrips' International Marketing Partner (IMP) marketing scheme. You are rewarded with an XLD token every time the referred vendor is booked on our platform.
XcelDefi platform
XcelDefi aims to create an ecosystem in which token holders can benefit from our premium platform services such as:
- XcelSwap
- XcelTrip
- XcelPay Wallet
XcelPay Wallet
XcelPay Wallet is a decentralized wallet project that aims to make cryptocurrencies more accessible. As a utility token, XcelPay wallet users receive $XLD. As a result, $XLD raises awareness and makes cryptocurrency accessible to all users. Furthermore, XcelPay can be used to purchase gift cards and mobile top-ups directly from your wallet.
Binance Smart Chain (BEP-20), Ethereum (ERC20), and XinFin Network tokens are supported. XcelPay wallet allows
You should create your wallet and start buying and holding cryptocurrencies if you are new to cryptocurrencies. Our wallet is easy to use and understand. Several valuable features distinguish the XcelPay wallet.
Payment Requests: Users on the platform can send payment requests directly to other users. If your crypto payment is pending, you can also send a payment request.
Performance Tracking: In XcelPay Wallet, users can mark tokens and add them to their watchlist. When you observe the token, you will access 24-hour data, including 24-hour highs, 24-hour volumes, 24-hour lows, current coin price and percentage chang.
TOKEN UTILITIES
Governance: Xceldefi holders have right to vote for any development and amendment of Xcelswap.
Payments: Book 2.3M+ hotels and 400+ flights with XLD using Xceldefi.
Passive Income: Stake XLD on Xcelswap and get on of the highest returns ever
Crypto for all: Download Xcelpay Wallet and claim XLD for free as incentives.
TOKENOMICS
- Initial Supply: 111 Million
- Rewards and Loyalty: 20M (18.02%)
- Foundation: 50M (45.05%)
- Team: 11M (9.91%)
- Liquidity: 15M (13.51%)
- Marketing and Business Development: 15M (13.51%)
ROADMAP
2021 Q1-Q2
- Concept Inception
- Team Development
- Premarketing
- Branding
2021 Q3-Q4
- Token Launch
- Publishing Whitepaper
- Listing on CoinMarketCap
- XcelSwap Launch (Automated Market Making DEX)
- Introducing XLD as governance token on XcelSwap
- Listing on PanCakeSwap
- XcelSwap Listing on XcelPay Wallet
- Add Listing on XcelTrip for hotels and flights booking with XcelDefi across 2.3 million hotels and 450+ flights
- Introducing XLD yield farming and Staking on XcelSwap.
2022 Q1-Q2
- Listing XcelDefi on Major Centralized Exchanges
- Increasing XcelDefi use-cases and building ecosystem
- Voting system in place to allow decentralized governance
2022 Q3-Q4
- Launching Credit cards and earn with XcelDefi
- Work on our Own Blockchain
- Listing XcelDefi on Major Centralized Exchanges
CONCLUSION
The XcelDefi ecosystem is an important step in taking DeFi to the next level. XcelDefi intends to create a community with access to innovative digital products while providing the best user experience. XcelDefi's goal of integrating blockchain technology into our daily lives seems very realistic. If achieved, it will open the doors of DeFi to the untapped billions who still want to cross over to this side.
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.
Furthermore, establishing a fully decentralised economy such as XcelDefi would pave the way for a world in which decentralised organisations would be the norm and be an eye-opener in presenting the diverse applications of blockchain technology applied to all spheres of life.
Contact Information
Author:
Bitcointalk Username: Natasha Wilona
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2852227
Telegram Username: https://t.me/NatashaWilona2
Wallet Address: 0x9d97fa4e1488b686f89c2626751165e319c5c9e8
