XT.COM Exchange Lists FIO Token and Integrates FIO Protocol
XT.COM users can now deposit, withdraw and trade FIO tokens. Users are also able to register FIO Crypto Handles, send and receive crypto using their FIO Crypto Handle, not just for FIO tokens, but for the following, coins and tokens supported by XT.COM — BTC, ETH, TRX, BNB, MATIC, SOL, DOT, XWC, LTC and EOS. This allows easier digital asset transactions by using the FIO protocol to link easy-to-read addresses rather than the long-string public wallet addresses, resulting in UX improvement within the XT.COM exchange ecosystem.
XT.COM is a centralized exchange founded in 2018 and is headquartered out of Dubai, but has a presence globally. XT.COM currently has over 3 million registered accounts with over 300,000 monthly active users. XT.COM offers its users over 800 trading pairs, with a great mix of spot trading, OTC Trading, Margin Trading, contract trading, and a user knowledge base to help users learn as they use the XT.COM exchange. XT.COM gives users a social-infused platform that provides easy access to the platform and a seamless way to track the markets.
The FIO token is the native token on the FIO chain. The FIO token is currently used to pay for transactions processed through the FIO chain. The demand for the FIO tokens will grow through using tokens to register both FIO Crypto Handles and FIO Domains, voting towards block production, staking FIO tokens, and any other future enhancements and developments within the FIO ecosystem. To understand the importance of the FIO token, let’s next take a look at what exactly the FIO protocol is and why it is needed.
With the addition of the FIO Protocol, transacting in cryptocurrency becomes easier for users of XT.COM thanks to their integration of FIO Crypto Handle registration, along with FIO Send and Receive. This process takes all the stress and the chance to make a mistake out of the picture by replacing the long-string public wallet address that you would typically send to with a human-readable FIO Crypto Handle. This makes sending and receiving cryptocurrency as easy as sending and receiving an email and eliminates the potential to make mistakes and possibly lose your cryptocurrency forever. A FIO Crypto Handle is in the format of username@domain, for example, janedoe@xtcom. No longer will users have to worry about mistyping a character or any hack or exploit that alters the address where the user is trying to send funds.
Complex addresses consisting of long strings of letters and numbers have long been a pain-point for many involved in the cryptocurrency space. Even a seasoned veteran in the cryptocurrency space has a level of uneasiness every time they send cryptocurrency by copying and pasting the wallet address being sent to. Also, as mentioned earlier, the FIO Token will be listed on the XT.COM exchange so users can easily trade FIO Token pairs.
The addition of the FIO Protocol to XT.COM gives an already great platform another edge by giving its users an even easier and seamless experience to make using and trading cryptocurrency simple for everyone. Make sure to check out all the great features and register your own custom FIO Crypto Handle on the XT.COM exchange, which is available by visiting https://www.xt.com/ or by downloading their mobile app on the Apple App Store or the Google Play Store.
How to Register and Receive Crypto to a FIO Crypto Handle on XT.COM:
How to Use FIO Send on XT.COM:
FIO, the Foundation for Interwallet Operability, is a decentralized consortium of blockchain organizations and community members supporting the ongoing development, integration, and promotion of the FIO Protocol. The protocol is an open-source, decentralized usability layer solution that works across all blockchains, and uses human-readable Crypto Handles to replace the complexity, risk, and inconvenience that comes with blockchain-based transactions using public addresses. FIO Protocol is built on the FIO Chain, a dPoS blockchain fueled by ecosystem utilization of the FIO Token ($FIO).