XSWAP open to the public after successful closed beta test

ABEYCHAIN, the multi-layer blockchain protocol, has announced that its decentralized exchange XSWAP is now live for public use. 

XSWAP now available for public use

XSWAP opened to the public on November 6, 2021, with trading, liquidity mining, and staking immediately available to users. XSWAP users were immediately ready for the opportunity to use the new exchange. Within the first 24 hours of availability, XSWAP had attracted over US$11 million in Total Value Locked-in. (TVL).

This development is another big step for ABEY, which was recently nominated for Blockchain Solution of the Year and DeFi Project of the Year at the upcoming AIBC Summit in Malta later this month.

The fully launched version of XSWAP will provide users with access to innovative DeFi features like liquidity mining, yield farming, staking, and more. XSWAP utilizes the power of the multi-layer ABEYCHAIN blockchain architecture. 

ABEYCHAIN is one of the fastest blockchain protocols that is capable of processing transactions without losing efficiency. To ensure that traders have a seamless experience, XSWAP has integrated a trading model based on automated liquidity protocol and an automated market maker system. This ensures true decentralization as the process is completely automated without third-party interference. 

Major features of XSWAP 

XSWAP’s token economic model allows users to maximize their capital without losing out on opportunities within the DeFi sector. The DEX is community-managed and has a high level of compatibility between multiple major blockchain ecosystems. 

XT is the governance token of XSWAP and serves as a crucial element within the DEX platform. A total of 1.2 billion XT tokens will be distributed to users as incentives and rewards through liquidity mining. 

In addition, XT tokens give holders the right to propose and vote on new developments and changes to the protocol through XSWAP’s decentralized governance mechanism. This includes modifications to how newly minted tokens are distributed to the community and any changes to the protocol’s fee structure. 

A major milestone for ABEYCHAIN 

XSWAP is a key component of the ABEYCHAIN protocol and will help lead to greater adoption of the ABEY token. It shows the power of ABEYCHAIN evolution and proffers a less expensive and more efficient alternative to the Ethereum network. 

ABEYCHAIN already boasts more than 138,000 users in an ecosystem that empowers developers to leverage smart contracts and create robust decentralized applications (dApps). Its community has also continued to grow, with an average of 20,000 active ABEY addresses weekly since the beginning of August 2021.

The full-fledged launch of XSWAP will lead to increased activities and represents a significant milestone for ABEYCHAIN. To learn more about XSWAP visit the following links: 

Website  Twitter   Facebook   Medium   

Source: https://bitcoinerx.com/cryptocurrency/xswap-open-to-the-public-after-successful-closed-beta-test/