XRC20 Tokens — A Multiple DEX Support on XinFin XDC Network
14 Diciembre 2021 - 12:43PM
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XDC Network has several benefits over Ethereum Network, including
near-zero transaction costs, 2000 TPS at 2-second settlement, and
reduced energy consumption. To enable hybrid relay bridges with
immediate block finality and compatibility with ISO 20022 financial
communications standards, eXchange inFinite (XinFin) has built the
XDC Network. With the XinFin Network’s DEX support for XRC20
tokens, many new projects may join the market immediately after
development. Let’s look at two new XDC Network DEX, GlobianceDex,
and XSwap. Globiance DEX Globiance DEX, released on December 8,
2021, is the first automated market maker (AMM) on the XDC
blockchain. In addition to offering Swap, GlobianceDex allows users
to earn tokens and use the crypto trading advantages of DEX built
on XinFin Network. The Globiance community may add additional
tokens to the Globiance DEX default token list. Users may provide
feedback through Github, and the development team will respond.
Users may trade any token while waiting for the token to be
evaluated. Users just put the custom token address in the token
list and click “Add” to trade. Once a token is approved, it is
added to the default token list, and its pools and trading are
available to anyone. On XDC Network, there is XDC native currency
(XDC), WXDC (wrapped XDC), GBEX (Globiance native token), and USDG
(globiance stable coin). SRX – StorX Network utility Token, and all
the coins mentioned above are now available on GlobianceDEX. XSwap
Based on the XDC Network, XSwap is a decentralized open-source
exchange for XRC20 tokens. Similar to Ethereum in Uniswap AMM, the
XDC coin will be utilized in the XDC Swap as an interlink. XSWAP is
an AMM system that depends on user-generated liquidity pools to
support crypto exchanges. Liquidity providers will freeze their
XRC-20 tokens in pools to collect LP rewards. Making farming the
most basic passive income option for crypto enthusiasts of all
levels. XSWAP will also feature a native staking module. The
staking module allows users to pump liquidity into a single coin,
unlike liquidity farming. XSwap also offers a developer-friendly
blockchain with Github resources and documentation. This simplifies
difficult blockchain activities and speeds up the developer
experience. With modules for token contract generation, airdrop
launch, and multipurpose crypto service platforms, the MyWish
platform further simplifies smart contract development for XDC
Network. The latest developments on XDC Network show the phase of
the fastest-growing XDC Ecosystem. The price of XDC is 0.071 USD at
the time of writing as per the CoinmarketCap. Image: Pixabay
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