HERE IS THINGS TO KNOW ABOUT XCELSWAP, THE NEXT GENERATION DEX LAUNCHING ON BSC
Imagine a future built on the blockchain without centralized control, where all you need is a smartphone and an internet connection….
Decentralization is gradually spreading to diverse sectors, but there are still issues, such as: slow adoption of blockchain technology which is existing due to complexities and a high degree of centralization.
Considering these challenges, and vision of future..let’s pay close attention to XcelSwap-a decentralized exchange launching on BSC, and its significance for the DeFi industry.
WHAT IS XCELSWAP
XcelSwap is a decentralised exchange that employs the AMM model, a protocol that enables peer-to-peer trading on its platform. XcelSwap is an essential component of the Xcellab ecosystem, which is a multi-sector ecosystem.
XcelSwap aspires to be a forerunner in the next generation of decentralised exchanges by lowering the entry barrier and making DeFi accessible to all. The current issues with DeFi are related to the complexity of the user interface and operability of the majority of DeFi products, which has proven to be quite tricky for new users due to the poor user experience whenever they try to transact on said platforms.
XcelSwap would solve this by providing a clean and straightforward user interface, lowering the threshold to accommodate non-technical people, and providing the DeFi community with a fantastic user experience and access to premium DeFi services such as staking and yield farming.
XcelSwap has some distinguishing features that set it apart from other decentralized exchanges, which include:
● Staking Period: XcelSwap’s staking mechanics were designed with simplicity in mind, and their staking protocol allows for as little as a 72-hour minimum staking period, which is relatively novel in the industry, given that the majority of decentralised exchanges set their minimum staking period as high as 14 days.
● Governance Model: With the help of its governance token, $XLD, XcelSwap would be fully decentralized and promote an active user governance model. Holders of $XLD would be able to vote on XcelSwap’s future business operations and would be assigned voting rights based on their holdings.
● XcelDeFi Ecosystem: XcelSwap would also be a part of XcelDeFi, the world’s first comprehensive ecosystem, acting as a liquidity provider to power this DeFi ecosystem. XcelDeFi is an ecosystem that aims to unite DeFi, crypto and travel sectors by leveraging blockchain technology.
XcelDefi is now available for purchase on XcelSwap!
● Built on BSC: XcelSwap is built on Binance Smart Chain, one of the cryptocurrency industry’s fastest and most scalable blockchains. Binance smart chain is well-known for its low transaction fees, quick processing time, and high throughput, providing XcelSwap platform users with an efficient and fantastic trading service.
UPCOMING FEATURES OF XCELSWAP
After this BSC launch, one of XcelSwap’s goals is to take it a step further by becoming one of the few cross-chain DEX platforms available in DeFi. XcelSwap intends to integrate additional blockchains such as Solana, HECO, and Polygon, among others. As a result, users on XcelSwap would make fast cross-chain transactions at low transaction fees, providing them with a very wholesome DeFi experience as they get the best of multiple worlds. This would also advance the blockchain’s cause of a fully decentralised economy.
Numerous improvements must be made in DeFi if this model of finance is to be globally accepted. The launch of XcelSwap is a shining example of the DeFi industry’s commitment to innovatively addressing accessibility issues and driving the adoption of blockchain technology.
ABOUT XCELLAB ECOSYSTEM
Ever Since its inception in 2016, Xcellab Ecosystem is constantly developing to disrupt the current financial ecosystem, creating a platform that uses cryptocurrencies as its fundamental mode of payment.
Xcellab Ecosystem comprises of XcelTrip, XcelPay Wallet, XcelTokenPlus, XcelToken Defi (XLD), XcelToken Exchange along with XcelSwap in its portfolio.
XcelDefi (XLD) is the next generation cryptocurrency which is built on a Binance Smart Chain to disrupt traditional financial system. It acts as the governance token of XcelSwap. The holders of XcelDefi have the right to vote on any development or amendment of XcelSwap and can also submit governance proposals. This makes XLD completely community-driven. XcelDefi can be used for passive income by various methods on XcelSwap. Users can earn XcelDefi through Liquidity mining and staking on pools. It can also be used to book 2.3m+ plus hotels and 400+ flights from Xceltrip.com — a decentralized travel platform.
In 2017, the concept development of XcelTrip, a decentralized online travel platform was proposed. A year later, XcelTrip was launched it along with the beta version of Xcelpay wallet, Xcellab’s own decentralized wallet.Xceltoken Plus, an ERC20 token, was created and listed in over 15 top global exchanges in 2019 to fuel crypto adoption across multiple platforms on a daily basis.
XcelTrip is developing to engage and foster a larger crypto community within the hospitality, payment, retail, social networking and gaming industries. With XcelTrip travelers can book 400+ Airlines & 3.5 Million Hotels worldwide using various cryptocurrencies.XcelPay Wallet is a secure decentralized (non-custodial) crypto wallet that allows users to send, receive, buy, swap and store both ERC-20, BEP-20 tokens as well as Bitcoin.
To learn more about about Xcellab Ecosystem follow our social media handles.
https://www.linkedin.com/company/xcellab/
https://www.linkedin.com/company/xcellab/
https://www.instagram.com/xcellab/
