Recent project developments happening at Xcellab Ecosystem
Ever Since its inception in 2016, Xcellab Ecosystem is constantly developing to disrupt the current financial ecosystem, creating a platforms that uses cryptocurrencies as its fundamental mode of payment.
In 2017, the concept development of XcelTrip, a decentralized online travel platform was proposed. A year later, we launched it along with the beta version of Xcelpay wallet, Xcellab’s own decentralized wallet.
In 2019, Xceltoken Plus, an ERC20 token, was created and listed in over 15 top global exchanges, to fuel crypto adoption across multiple platforms on a daily basis.
XcelTokenPlus was built to engage and foster a larger crypto community within the hospitality, payment, retail, social networking and gaming industries. In the same year, 400+ Airlines & 2 Million Hotels were added to Xceltrip. Currently, travelers can book over 450+ airlines and 2.3 million hotels worldwide using XcelTrip!
What is the Xcellab Ecosystem is upto in 2021?
Launch of Xcelswap
Xcellab ecosystem has recently launched its very own decentralized crypto exchange, Xcelswap. XcelSwap is a Decentralised Cryptocurrency Exchange built on Binance Smart Chain.And, is built with the motivation to support crypto-community to trade BEP-20 Tokens that runs on Binance Smart Chain, with the aid of user-fueled liquidity pools. Its smart contract is audited by Certik.
XcelSwap extends: interconnectivity and ease to use. By using XcelSwap as a Cryptocurrency exchange platform transactions become Cheaper, faster & smoother, more secure!
Popular Features of Xcelswap
● Instant SWAP
Xcelswap is an automated market maker where you can swap tokens without order books.Using these automated market making protocols, XcelSwap users can trade orders with different traders through instant swapping. Xcelswap is an open source defi protocol, which lets you swap BEP20 tokens with one another.
● Earn LP Token
One can even add a trading pair into the liquidity pool and earn LP tokens. XcelSwap incentivizes Liquidity providers with trading fees & LP tokens for their efforts and contribution to the liquidity pool. Those LP tokens could be further used in yield farming.
● Farming
You can farm Xceldefi for a certain time period and earn XcelDefi as a reward.Additionally, by contributing to liquidity pool, liquidity providers can also Earn upto 600% Annual percentage yield (APY) on various farm using LP tokens on XcelSwap.
● User’s Control over funds
Unlike centralized cryptocurrency exchanges that operate under a singular entity, XcelSwap is a decentralized exchange (DEX). Built on an automated smart contract, that’s based on Binance Smart Chain, XcelSwap enables users to keep full custody of their token. Users can trade directly from their Wallet and hold full-control over their funds.
Trade XcelDefi (XLD) on XcelSwap, PancakeSwap, and BakerySwap.
XcelDefi (XLD) is the Governance Token of XcelSwap. XcelDefi can be used around the platform for swaps , staking and yield farming. Furthermore, XcelDefi (XLD) can be used to shape XcelSwap’s future as the users have the right to vote for XcelSwap’s project amendments and development.
XcelDefi (XLD),has also recently announced its combined launch on PancakeSwap, BakerySwap & XcelSwap decentralized exchange (DEX).
What makes XcelDefi unique? XcelDefi is breaking down barriers to finance and rewarding liquidity providers for their contribution to the liquidity pool. XLD uses blockchain technology to disintermediate centralized models and promotes equity in financial services.
XLD provides the users with means to have more control over their money through personal wallets and trading services. XLD is a gateway to decentralised finance which explicitly caters to individual users’ needs. Currently, There are 65000+ token holders with over 140,000 transfers through the bsc networks.
The daily effective mint of XcelDefi is 288,000 of which 144,000 tokens will be daily-burnt, rest of 144,000 will be distributed among the liquidity providers and the developer address in the ratio of 75:25 which will be used for token buy-back, research and development.
Apart from this, users can earn XcelDefi through Liquidity mining and staking on pools. XcelDefi rewards its community-members and investors for participating in liquidity mining programs. Also, XcelDefi Holders can stake XLD tokens on XcelSwap to earn more XLD Tokens!
Similarly, XLD can be used to book 2.3m+ hotels and 450+ flights on XcelTrip.com, and to to top up mobile plans on 900 different service carriers in 190+ countries.
Updated version of Xcelpay Wallet now available
After the latest update, users can directly buy Xceldefi (XLD) as well as Xceltoken Plus (XLAB) with Bitcoin (BTC) or Ethereum (ETH) from the Xcelpay wallet.
You can also swap BTC/ETH[1] directly from XcelPay Wallet. XcelPay Wallet users can also SWAP to XcelDefi using BTC-XLD and ETH-XLD pairs!More pairs will be added soon!
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Download XcelPay Wallet on your iOs and android devices to trade and store cryptocurrency on the go!
More pairs will be added in few days.
