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  • Former Mastercard International President Baldomero Falcones Joins Card Division For Bit2Me

    Former Mastercard International President Baldomero Falcones Joins Card Division For Bit2Me

    Bitcoin Press Release: Former President of Mastercard International, CEO of the construction company FCC, and director of operations at Santander Baldomero Falcones will now assist in growing the Bit2Me card division. 

    26th August, 2021, Madrid —  Bit2Me continues to add talent to its project. Baldomero Falcones, a Spanish executive with a long and recognized track record of professional achievement, will become part of the cryptocurrency platform’s team as Senior Advisor. His mission will be to expand Bit2Me Card, the company’s debit card service.

    Baldomero Falcones Experience

    Among other management positions, Falcones was President of Mastercard International between 2002 and 2006, chairman of FCC, a construction company listed on the Ibex 35, and chairman of insurance area and director of operations at Banco Santander. He was a founder of Magnum Industrial Partners, a renowned venture capital firm in Spain and the largest in Spain and Portugal, dedicated to mid-market transactions in the Iberian Peninsula.

    Bit2Me Launch Card & ICO

    The Bit2Me Card offers a latest generation Mastercard card connected to the world of cryptocurrency. It can be held in both traditional plastic and virtual formats. The plastic version has NFC technology for contactless payments.

    The incorporation of Baldomero Falcones as Senior Advisor coincides with Bit2Me’s launch on September 6 of its B2M token, which will be the largest ICO undertaken in Spain. The company has completed a previous private sale among investors reaching a record amount in our country, earning some 2.5 million euros. The holders of the token will receive benefits relating to Bit2Me products. Those interested in participating can do so via the official site. 

    Baldomero Falcones stated that: 

    “Innovation is the engine of growth for companies, investors and countries, and innovation is in Bit2Me’s DNA. It is essential for progress. It is the factor which convinced me to join this exciting project led by Leif and Andrei.”

    Leif Ferreira, founder and CEO of Bit2Me, believes that:

    “Baldomero will help us connect Bit2Me with the more traditional financial system. Our primary task is taking everyday cards to the crypto market in an exponential way. Our aim is for each new virtual currency we include to be incorporated into the Bit2Me Card.”

    Andrei Manuel, co-founder and COO of Bit2Me, is sure that: 

    “Baldomero’s experience will take Bit2Me to another level. We seek excellence in the Spanish and international banking, financial and business sectors, and he will help us achieve it.”

    About Bit2Me

    Bit2Me is an industry-leading company in the cryptocurrency sector in Spain. Its Suite of services includes more than 20 solutions to buy, sell and manage virtual currencies and euros from a single place, safely and easily. The company has private customers, professionals, and companies in more than 100 countries and has managed operations worth more than €1 billion since being founded in 2015. 

    In January this year, FORBES magazine selected Bit2Me as one of the companies in Spain that will drive change in 2021. Since its creation in 2015, the company has received several awards in the financial sector such as ‘Winners of the World’, in the Visa-sponsored international competition; ‘Best Spanish startup 2015’, by CaixaBank; or ‘Best Business Model’ awarded by Deloitte. In addition, the European Commission has invited Bit2Me on multiple occasions to present and discuss Blockchain technology and bitcoin.

    One of the first initiatives of the company after its birth was the creation of Bit2Me Academy, which trains more than 1.7 million students every year. Bit2Me Academy is currently the largest cryptocurrency training portal in Spanish, with more than 400 free articles, certified courses, and videos for those interested in learning about the birth, operation, and evolution of cryptocurrencies and the world of blockchain.

    Bit2Me Socials
    Telegram | Twitter | Facebook |Team

    Media Contact Details
    Contact Name: Victoria Salas
    Contact Email: media@bit2me.com 

    Bit2Me is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

  • Institutional Investors Now Hold 1.47M Bitcoin, Worth More Than $69 Billion

    Institutional Investors Now Hold 1.47M Bitcoin, Worth More Than $69 Billion

    Key takeaways:

    • 1.2 million Bitcoin, which represents 6% of the total supply is held by asset managers, public companies, private investors and countries
    • Corporate investors have changed their tune about crypto and are now getting involved by establishing Bitcoin funds and adding BTC to their balance sheets
    • The current trend of corporate funds flowing into crypto is just getting started and will drastically pick up the pace once Bitcoin ETF is approved in the US

    For a long period of time institutional investors have been wary of adding Bitcoin to their portfolios and in some instances publicly criticized the world’s biggest crypto.  In 2017, for example, JPMorgan CEO Jamie Dimon famously proclaimed Bitcoin a “fraud and called it “worse than tulip bulbs.” Since then much has changed.

    How the tables have turned…

    As the market matured and it became obvious to everyone that cryptocurrencies are here to stay, Dimon backtracked his initial statement and admitted that bank’s clients are getting ever more interested in investing in Bitcoin and other cryptocurrencies. Earlier this year, JPMorgan started providing Bitcoin exposure to its wealthy clientele.

    Data collected by Buy Bitcoin Worldwide provides interesting insights into the world of institutional adoption. Asset managers now hold about 4% of total Bitcoin’s supply, with the biggest share being held in the hands of Grayscale Bitcoin Trust, which controls approximately three-quarters of it. This makes Grayscale by far the biggest institutional BTC holder, as it holds 3.12% of BTC that will ever exist.

    Image source: Bitcoin Treasuries

    Among public companies, the biggest Bitcoin stash has been accumulated by MicroStrategy that holds more than 100K BTC worth $4.9 billion at current market rates. Electric car manufacturer Tesla is second on the list with a 20% share of BTC held by publicly traded companies. Tesla’s CEO Elon Musk is arguably the most influential public figure in the cryptocurrency space, with recent survey data showing that he holds sway over 35% of US-based crypto buyers. Altogether, public companies hold 1% of the supply. 

    A bit less than one percent of BTC is under the management of private companies. By far the biggest share, amounting to 140K BTC  is held by Block.One. Interestingly, 260K BTC is distributed among the balance sheets of governments around the world with Bulgaria leading the pack with more than $10 billion worth of BTC.

    2021 will be remembered as the year of the institutional investor

    In recent months, there were numerous reports and announcements that support the idea that the trend of corporate investors boarding the cryptocurrency train is just getting started. For instance, banking giants Wells Fargo and JPMorgan filed for Bitcoin funds with the SEC earlier in the month. A bit over a week ago, Walmart posted a job advertisement looking for a “visionary leader” to fill the cryptocurrency product lead position.

    In its stellar Q2 earnings figures report, Square’s Cash App attributed a big share of its success to a growing interest of its Bitcoin-related services that drove $2.7 billion in gross revenue.

    Additionally, as the acceptance of Bitcoin as a gold alternative continues to gain ground, the flow of corporate funds to the largest cryptocurrency is likely to follow suit. Recent data suggest that once Bitcoin ETF is approved by the SEC, Gold ETF outflows to BTC will commence and the rate of institutional adoption will pick up the pace to finally reach its full potential.

  • Gravity Sport, a leading-edge NFT marketplace, becomes a second partner of Parma Calcio 1913

    Gravity Sport, a leading-edge NFT marketplace, becomes a second partner of Parma Calcio 1913

    Parma, Italy, 25th August, 2021,

    Parma Calcio 1913 are delighted to announce a new partnership for the 2021/22 season. The Club has joined forces with Gravity Sport , who, starting from this evening’s match against Frosinone, will be a Second Partner on the shirts of the Men’s First Team.

    Gravity Sport is a leading-edge NFT marketplace and sports entertainment blockchain technology business with offices both in the UAE and the UK.

    Gravity Sport uses the authenticity of official rights and the power of global fandom communities to empower blockchain-based technologies. Experiences are official, highly secure and ready for scaling, innovative consumption and transacting high volumes in the real world.

    Gravity Sport enables clubs, fans and communities to enjoy valuable moments. Allowing for the collection of digital NFT assets and trading in a state-of-the-art ecosystem, driving unique fandom connectivity and access to unrivalled never seen before official content.

    Gravity Sport is passionate about making NFT accessible internationally. Connecting fans, communities and collectors through an exciting new use of technology.

    Jaap Kalma, Managing Director – Corporate of Parma Calcio 1913, had the following to say on the agreement: “Today’s announcement provides further confirmation of the high interest that sponsors have in Parma Calcio: they recognise the value of our project and want to be part of it. Gravity Sport is an important company in the NFT sector, one which is growing exponentially. We are delighted to have such a high-calibre company at our side and on our shirts. We will take to the pitch together, game after game, to clinch the results that both they and we deserve.”

    Stuart Gallacher, Founder at Gravity Sport, commented: “Gravity Sport is absolutely honoured to be signing as a Second Partner of Parma Calcio. It’s our belief that our values and ambitions are closely aligned with the historic football club. Success, passion, the potential to grow and creating history is our focus for Parma Calcio, with its fans, the city of Parma and the wider football community. We are excited to launch, innovate and succeed with such a dedicated forward thinking football club. It’s such an exciting platform launch for stakeholders, players, fans, media and the global audiences we are going to reach with this integrated partnership. We are the first global blockchain NFT marketplace to support an elite football club with a Jersey Partnership.”

    About Gravity Sport

    Gravity Sport is a leading edge NFT marketplace and sports entertainment blockchain business and the official NFT partner of Parma Calcio. 

    Follow Gravity Sport on Instagam and Twitter:

    https://www.instagram.com/gravitysportone/ 

    https://twitter.com/gravitysportone 

    Contacts
    • Stuart Gallacher
    • info@gravitysport.one
  • TRON And Shopping.io Partner Enabling $TRX For E-commerce

    TRON And Shopping.io Partner Enabling $TRX For E-commerce

    Singapore, Singapore, 25th August, 2021,

    Shopping.io is continuing its trend of collaborating with the biggest names in the industry, quickly solidifying its place as the one-stop E-commerce shop for crypto holders. 

    The company’s newest collaboration is with TRON, one of the world’s largest and most popular blockchain-based operating systems. TRON uses the features of the blockchain and peer-to-peer (P2P) network technology to eliminate the middleman and allow content creators to sell their work directly to consumers.

    As of August 25th, 2021, $TRX ranked 25th among cryptocurrencies in market capitalization, according to CoinMarketCap and CoinGecko.

    Starting today, $TRX holders can spend their tokens on Shopping.io’s E-commerce platform and make Amazon (US, UK, CA, DE, FR, IT, and ES), eBay, Walmart, and Etsy purchases using them. 

    Through Shopping.io, $TRX holders will now be able to use their tokens to shop for everyday items, electronics, and novelty pieces. 

    $TRX token holders will also receive a 2% discount on all items when they use $TRX to make purchases for two weeks starting from August 25th, 2021. 

    This partnership continues our push to partner with all of the top cryptocurrencies along with new exciting projects that match our vision of a mainstream crypto future. 

    “We are thrilled to be partnering with Shopping.io to allow our community to use $TRX on major E-commerce websites like Amazon,eBay, and Etsy,” said Justin Sun, founder of TRON. “Shopping.io provides users with real-world applications for their portfolio.” 

    “We are so excited to give TRON holders the ability to shop with us! Getting to work with TRON was a huge goal this year as we push to collaborate with every big name in crypto.” Arbel Arif, CEO & Owner of Shopping.io 

    Shopping.io is the only international crypto onboarding platform that allows users to spend their cryptocurrencies on popular E-commerce websites. This partnership is another step forward in Shopping.io’s growth and maturity in the industry.

    About TRON 

    TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including MainNet launch on May 2018, network independence on June 2018, and TRON Virtual Machine launch on August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting approximately 100M monthly active users.

    Website | Telegram | Medium | Twitter | Reddit

    About Shopping.io

    Shopping.io is the bridge between crypto and E-commerce as the first international crypto E-commerce onboarding and fulfillment service. 

    We are the only company in crypto that allows you to purchase from major E-commerce hubs on a global scale with the option to choose from hundreds of different tokens. 

    We also have two native coins, $SPI and $GSPI which provide even bigger discounts on our site when you hold them!

    We believe in the power of absolute freedom when it comes to E-commerce and changing the industry for the better, forever. One purchase at a time. 

    Contacts
    • Anjali George
    • press@tron.network
  • ENTER Art Fair 2021 And SpaceSeven Unveil The Nordic’s First NFT Marketplace Powered By Concordium

    ENTER Art Fair 2021 And SpaceSeven Unveil The Nordic’s First NFT Marketplace Powered By Concordium

    Zurich, Switzerland, 25th August, 2021,

    ENTER Art Fair 2021 is Scandinavia’s most important international art event. As global attention has recently shifted to digital art, or NFTs, the organizers want to incorporate that technology into this year’s event. With the help of IT technology company Texans and the first Nordic marketplace for NFT art SpaceSeven, that vision will become a reality.

    For Space Seven, this is a significant ordeal. The Nordic’s first marketplace dedicated to non-fungible token art will gain tremendous exposure through ENTER 2021. Moreover, it is an opportunity to exhibit the potential of merging traditional art with blockchain technology. The ENTER 2021 edition and the Nordic region will be at the forefront of this global movement. 

    The SpaceSeven marketplace for NFTs is built on the Concordium blockchain. It has all of the necessary tools to provide security, trust, and convenience to all users. The choice by Tacans for a Concordium-based ID-centric blockchain in SpaceSeven will establish a sustainable and regulatory-compliant platform for non-fungible tokens. 

    Concordium is built with identification, governance, and transparency in mind. All transactions are trackable, a concept that can benefit all types of users and artists. 

    Through these benefits, all buyers and sellers will be identifiable. Additionally, prices will be guaranteed at all times, creating a fair and transparent solution for the Nordic and international market. 

    Julie Alf, creator and director of the ENTER Art Fair, said: “If there is no change there is no art. Blockchain is not just a technology, it is a way for art to do what art does – hold up a mirror to society.” The ENTER Art Fair is held at Tunnelfabriken, Copenhagen, and is open for visitors between August 26 and August 29. 

    About SpaceSeven

    SpaceSeven is the world’s first NFT marketplace utilizing the eco-friendly and highly effective Concordium blockchain as the primary chain to mint NFTs. SpaceSeven offers its artists to mint NFTs, create collections and universes and sell them at a fixed price or in an auction.

    www.spaceseven.com

    About Tacans

    Tacans is a Swiss-based software development agency providing immediate outsourcing and outstaffing solutions to businesses worldwide. Their expertise offers trusted full-cycle software services to start-ups, scale-ups, and multinationals in both the public and private space, with a strong focus on blockchain and fintech.

    www.tacans.com

    About ENTER Art Fair 2021

    Founded and directed by Julie Leopold Alf, Enter Art Fair is an international art fair based in Copenhagen, and the largest of its kind in the Scandinavian region. Enter Art Fairs mission is to create and develop a serious and continuously relevant and commercial platform for the art industry, while at the same time providing a progressive space for new artists and experimental art forms. This year Enter welcomes 61 galleries and more than 250 artists – all approved by an international selection committee.

    www.enterartfair.com

    About Concordium

    Concordium is a Public and Sustainable Proof-of-Stake-blockchain with a unique Identity layer at the protocol level. Concordium differs from other participants by offering previously unseen guarantees of transparency, and regulation without compromising privacy by introducing built-in identity management at the protocol level and zero-knowledge proofs, which are used to replace anonymity with perfect privacy. www.concordium.com

    Contacts
    • Maria Rojas
    • mar@concordium.com
  • Swiss-company bitcci tipped to become a major stakeholder in the blockchain industry

    Swiss-company bitcci tipped to become a major stakeholder in the blockchain industry

    The blockchain industry has rapidly evolved to a billion-dollar industry with several companies developing ecosystems that address real-life problems. Swiss-based blockchain company bitcci has been tipped by many as the next major gem in the blockchain industry.

    The company founded by CEO Christroph Elbert has grown massively and consists of three publicly listed companies. bitcci seeks to modernize the adult sector by developing new apps, blockchain-based payment solutions, and globally standardized nightclubs.

    An emerging blockchain ecosystem

    Existing nightclubs and saunas use outdated management systems that are not efficient and expensive. bitcci has developed a club management software called ‘’bitcci club’’ that can be deployed easily within existing management systems.

    bitcci club software has been adopted by four of the largest saunas in Switzerland to great effect. Furthermore, the success of the software has attracted the interest of more nightclubs in Europe that want efficient management systems.

    bitcci has also revealed plans to build the bitcci nightclub network. This unique innovation consists of standardized and identical physical saunas that will be located in different regions globally.

    In addition, these clubs will integrate bitcci solutions like the club management software, bitcci.id, and bitcci cash token. bitcci has already announced that the initial phase will consist of constructing ten new nightclubs before the end of 2022.

    The advent of the internet means that workers in the adult industry can advertise their services on online platforms, and consumers can pay for a premium experience. bitcci is developing the bitcci.com portal and the bitcci app that will provide an enabling environment for workers in the adult entertainment industry and consumers.

    The platforms will be equipped with communication tools, including chat, voice, and video calls capability. bitcci will also integrate a payment system to provide various options, including fiat currencies and the native payment token bitcci cash token.

    The existing adult industry is fraught with accusations of illegality and lack of compliance with current regulations. bitcci deploys a unique system that ensures compliance with government regulations using its bitcci.id and bitcci connect solutions.

    bitcci.id is an identity verification system capable of scanning more than 9000 documents and comparing them to existing databases. This ensures that potential users with illegal documents or criminal history cannot register to use its platform.

    Government agencies can also monitor this data by accessing a special interface ‘’bitcci connect’’ making bitcci compliant with data regulations.

    bitcci cash token ICO

    bitcci is currently in the ICO phase of its native token bitcci Cash Token. bitcci Cash Token is designed as a payment token for users to access products and services within the bitcci ecosystem.

    The token is built on the Ethereum blockchain and has a maximum supply of 100 billion tokens. bitcci Cash Token has attracted the interest of the crypto community with the private sale sold out within 50 days.

    Anyone can partake in the ICO by visiting the bitcci ICO platform and purchasing a minimum amount of 100 CHF ($110).

    Key developments on the way

    bitcci has already begun a massive marketing campaign that began on August 21. The blockchain company intends to place 200 huge banners in choice locations within the crypto valley in Switzerland to create awareness.

    bitcci will also launch the bitcci.com online portal and mobile app in Q4 2021. At the same time, there are plans to purchase the plots of land to develop the bitcci nightclub network. These developments indicate that the bitcci ecosystem is growing, which bodes well for adopting the bitcci Cash Token. To learn more about bitcci and its ICO, visit the address http://www.bitcci.cc.

  • Elon Musk Holds Sway Over a Third of US-Based Crypto Buyers, According to a Recent Survey

    Elon Musk Holds Sway Over a Third of US-Based Crypto Buyers, According to a Recent Survey

    Key takeaways:

    • According to a recent survey, Elon Musk exerts the biggest amount of influence over investment decisions, ahead of Reddit, online forums and Twitter posts
    • On average $1,707 is held in crypto by the surveyed investors, with men holding $565 more than women
    • Crypto investors are very committed to their holdings, with 75% convinced the value of their investments will increase

    In a recent survey of 1,000 US cryptocurrency investors conducted by GamblersPick, a surprisingly large share or precisely 35% of respondents admitted that their investment decisions are in part influenced by the CEO of Tesla and so-called “Dogecoin Dad” Elon Musk.

    How much crypto do Americans on average hold?

    There are some interesting statistics found in the survey, especially in terms of the role that age plays in allocating funds to crypto, differences between genders and what sources influence trading decisions.

    A third of respondents said that they get their information from Reddit, despite the fact that a massive share of information shared on the social media platform is unverified. Interestingly, financial news is the 4th most popular source of information, behind Reddit, online forums and Twitter.

    “Decisions on how and when to invest were made mostly after consulting Reddit, with over a third of crypto holders getting their information there. While not all information on the site is verified, the world has recently seen the power that Reddit can have over the financial industry. The only source more influential was a single individual – Elon Musk.”

    Per the results, the average amount of money held in crypto assets among the survey-takers is $1,707. The Baby boomer generation holds the most crypto at just under $2,000 per individual, while Gen Z individuals hold the least at $1,201 on average. Despite the figures, Gen Z plans to invest the most funds in crypto in the near future, while Baby boomers the least.

    Image source: GamblersPick

    There are also some distinct differences between genders as men hold $565 more in crypto assets than women. The amount is also reflected when asked about future investments as men plan to invest more than double the funds than women over the coming year.

    How committed is the average US investor to crypto?

    In short, very committed. The 1,000 strong sample is perhaps not the most representative thing in the world, however it does paint a general picture well enough. 37% of respondents said they would rather skip paying a critical payment before cashing out their crypto funds. Furthermore, more than a half said they wouldn’t treat themselves to recreational or luxury purchases if that meant they would have to dip into their crypto stash.

    Image source: GamblersPick

    In order to get additional funds to fuel crypto investing, roughly a fifth of respondents said they would take on debt, while one in ten said they would try to get additional money by refinancing their home.

    Image source: GamblersPick

    When asked about the reasons why they hold their cryptocurrency, it quickly becomes clear why the respondents are so adamant about holding onto their crypto assets. Precisely 75% of the survey-takers are convinced that the value of their portfolio will increase. 

  • NFT Social Platform DeFine Integrates with TRON, Introducing Its Social Profile System into TRON’s Ecosystem

    NFT Social Platform DeFine Integrates with TRON, Introducing Its Social Profile System into TRON’s Ecosystem

    On August 24, TRON announced on Twitter that the NFTsocial platform DeFine has given support to TRC721, marking its integration with the TRON ecosystem. In the meantime, the BTFS storage system under TRON will officially integrate with DeFine in September. 

    TRON will also contribute to the growth of the NFT ecosystem together with DeFine and APENFT by seeking valuable NFTs from the global market. 

    DeFine also secured a strategic investment from TRON on August 23. 

    With the support of TRON, APENFT, and BTFS, DeFine will create new means of interaction between content creators from the art field and their followers, boost the circulation of NFT artworks, and explore new use cases for them. In addition, the integration of TRON’s network storage solution BTFS into DeFine will allow storage for user information archives as well as the NFT works created. BTFS boasts more than 100 million community users and over 60 trading platforms. Its huge user base and strong circulation capacity will also give a strong impetus to this strategic cooperation. 

    By forming an alliance in the NFT world, TRON, DeFine, and APENFT will allow all creators, including artists, musicians, influencers, gamers, and athletes, to engage and interact with their followers through digital assets such as NFTs and social/fan-based tokens. 

    DeFine can also leverage the APENFT ‘s influence in NFT art, and TRON’s low cost and high performance to significantly boost interactions and lower the cost of NFT transactions. In return, DeFine will bring its unique social profile system to TRON’s ecosystem by creating exclusive identity badges for users. Moving forward, TRON, APENFT, and Define will also achieve shared prosperity of all the three communities by expanding collaboration in art. Users will receive medals representing their various activities in the TRON ecosystem such as providing liquidity, participating in governance, and purchasing artworks. Medal-holders are entitled to extra benefits such as access to exclusive auctions. 

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    It is reported that DeFine will also seek to introduce DeFine NFT PLUS, another revolutionary product of the platform, to the TRON ecosystem. NFT PLUS extends the application of NFT beyond the art industry by incorporating assets into the blockchain and metaverse, and by virtue of TRON and APENFT, it further diffuses the subjectivity of the assets behind NFT by tying NFT to measurable real rights and interests. 

    This collaboration will not only provide a strong impetus for DeFine and APENFT, but will also spur TRON to explore further into social networks, diversifying and enriching its ecosystem. 

  • Improving the DEX ecosystem with ABEYCHAIN

    Improving the DEX ecosystem with ABEYCHAIN

    Bitcoin was created in 2009. While still in its infancy, Blockchain technology has spawned a whole new technological revolution, creating whole new industries and solving old problems in existing ones. From Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and even Blockchain gaming, everything seems possible thanks to the advent of cryptocurrencies. 

    However, innovation comes with challenges and for blockchain technology those have been most evident when it comes to ensuring a scalable, decentralized, and secure ecosystem. Nevertheless, some projects have been working to solve these issues and to provide user-friendly alternatives that can take crypto to the mass.

    One such project is ABEYCHAIN. Launched in the first quarter of 2021, ABEYCHAIN 2.0 (ABEY) is a blockchain platform that is ideal for developers, startups and entrepreneurs looking to build innovative decentralized applications (dApps) for multiple reasons, its consensus mechanism, cross-chain interoperability and multiple usecase possibilities.

    XSWAP, an innovative DEX

    Most recently, the Blockchain tech company announced XSWAP, a  Decentralized Cryptocurrency Exchange and DeFi platform built on the ABEYCHAIN. This decentralized exchange (DEX) aims to solve many of the issues that can be found on both centralized and decentralized exchanges.

    As previously mentioned, cross-chain interoperability is extremely important in the DeFi space. The XSWAP exchange support both ARC-20 token as well as multiple cross-chain assets like BTC, ETH, LTC, BNB, DOT and AST. 

    Liquidity is also incentivised within the XSWAP exchange through an automated liquidity protocol where users are incentivized to trade on the exchange in order to become liquidity providers. Liquidity providers are also rewarded with the platform’s native token, the XT token in what are known as liquidity mining programs.

    The native XP Token 

    XT is the native token of XSWAP and is another innovative feature of the platform. XT will be traded on XSWAP and will reach other exchanges soon. The first airdrop of XT, on August 17, 2021 was completed in just four hours. 

    More XT airdrops will be available soon to match the demand identified by the first airdrop and 1.2 billion XT tokens will be distributed to users of the exchange through the aforementioned liquidity mining programs.

    The native token also acts as a decentralized governance token which allows holders to vote on the direction ofr the project on the platform, including how minted tokens should be distributed to the community and any other fee structure changes.