Xinfin (XDC) Blockchain Onboards more Holders to its Mainnet as it proves itself a Worthy DeFiAugust 3, 2020
Xinfin Hybrid blockchain continues in its work to onboard the holders of its coin to the mainnet to enjoy features like fast transaction speed and near-zero transaction fee. XDCE, Xinfin Ethereum based token, was the first token created by the blockchain before the main net launch. It has been over a year when it has gone fully on to its main net without hassle, online 100% with XDC being the main net coin.
Recently, many exchanges have listed and offered the XDCE to XDC swap (ratio 1:1) apart Alphaex which was the first to offer these services. August 3rd Xinfin Hybrid announced:
“XinFin is happy to welcome @indodax on @XinFin_Official Mainnet… The migration process will take place on August 7, 2020, at 11:00 WIB-14:00 WIB. During the migration process, #XDCE deposits & withdrawals will be closed. #XDC deposits & withdrawals will reopen after the swap.”
Indodax, the largest Indonesian crypto exchange, was the first exchange to offer XDCE pairing against Indonesian IDR. The migration will ensure holders of the XDCE are able to safely transact or operate with XDC coins especially in this season of heightened transaction fees on the Ethereum blockchain due to congestion.
Before this, the blockchain has secured a listing of its mainnet coin on the popular multicurrency, multi-wallet platform, Guarda. The community anticipates more listings on popular wallets like Trust wallet, free wallet, etc.
XDCe/XDC as DeFi long before DeFi became DeFi
Xinfin blockchain has been instrumental especially this period when Decentralized Finance- DeFi has been the buzz on the blockchain and cryptocurrency ecosystem. Pappalaj, a strong believer of the coin tweeted on August 1:
“DeFi has definitely become a buzz word recently. Just remember, $XDC $XDCE #XinFin #TradeFinex, for Global Trade and Finance, was founded in early 2017 and has been and is DeFi, long before DeFi was even DeFi!”
This was in response to Coinmarketcap when it asks the community about what they think about DeFis. Built to be an enterprise-ready hybrid blockchain, Xinfin has been a great tool recognized by the Trade Finance industry. In addition to this, with XDCe, holders have been able to participate in other Defi apps like Bancor liquidity pool to enjoy rewards.
Ruslan Wing, in a Medium article on April 29, explained reasons why Developers on the Ethereum should migrate their Dapps to Xinfin Hybrid blockchain. Faster transactions, lower transaction fees, shorter block times, and a low power consuming consensus are some of the basic highlights of this article. In addition to this, Xinfin hybrid blockchain supports Ethereum Virtual Machine (EVM) which makes it effortless for developers on Ethereum. The platform is currently running a bounty for developers who run and deploy interesting solidity smart contracts on the network. This opens up the opportunity for DeFi developers to run their Dapps on a blockchain which is better than Ethereum.
Will DeFis run their Dapps on Xinfin, a DeFi platform itself? It is believed that there will be exciting news for Xinfin believers when developers begin to see the essence of Xinfin as a better blockchain.