How Crypto Based DeFi is reshaping the future of finance
The current financial system is full of flaws. Inflation, inequality, lack of transparency, corruption, foul play are what define the current financial sector. To give justice to this broken system, Blockchain-based Bitcoin was created by Satoshi Nakamoto.
A Blockchain is an immutable public ledger where all transactions are recorded in an immutable, permanent and transparent way. The Blockchain is a revolutionary technology that has been guiding the world towards decentralization. In addition. Crypto-based defi is reshaping the future of finance.
With the acceptance of Bitcoin around the world, there are numerous cryptocurrencies and DeFi technology existing in the market today. But due to the lack of practical DeFi applications, complex Defi UX and insufficient technical knowledge among people, the adoption of Defi is less. To solve this problem, XcelDefi was introduced by XcelLab. XcelDefi is removing barriers of entry for newcomers to enter the crypto and Defi sector by providing easy access to a decentralized platform. XLD provides user-friendly interfaces and helps to deliver a positive experience to its users even though they may not have technical knowledge.
A BEP-20 token based on Binance Smart Chain, XcelDefi is a native token of the XcelLab Ecosystem and provides its users with high utility. Users can pay with XcelDefi and other cryptocurrencies to book over 2.3 million hotels and 450+airlines worldwide through the decentralized OTA travel platform XcelTrip.
XcelSwap is a decentralized exchange built on Binance Smart Chain that applies the AMM model and allows users to trade BEP-20 tokens at lower trading fees. Users can engage in staking, liquidity mining and yield farming in XcelSwap and earn amazing rewards. Users can also use XcelDefi as a governance token to vote for XcelLab projects and amendments.
XcelPay is a secure crypto wallet that can be used to receive, send and hold XLD, ERC-20 and BEP-20 tokens along with other cryptocurrencies. With XcelPay Wallet, users can swap, top-ups and buy gift cards
These decentralized platforms are developed by XcelLab with the envisions of building a fully-decentralized economy that allows for trustless and permissionless financial transactions.
XcelDefi envisions to:
- Make defi accessible to all.
- Build a highly scalable and secure system to accommodate the next generation of decentralized finance products.
- And, Incorporate DeFi/Blockchain into daily lives
Based on BSCscan, XcelDefi (XLD) has a whopping 46000+ token holders. The overall Xcellab Ecosystem currently comprises 200,000 plus community members, including XcelDefi, XcelSwap, XcelTrip and XcelPay Wallet twitter communities. More users are getting added every day.
XcelDefi has been listed on its own decentralized exchange, XcelSwap and other exchanges like BakerySwap, PancakeSwap, LA token, BW exchange, ApeSwap and others. XcelDefi will be listed on more exchanges in the future. Stay tuned!
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