New Era to the Defi system
We have all have our own experience and difficulties, the advantage and the disadvantage of cryptocurrency since its emergence, the crypto currency at large has made most people who embraced it rich and have shown them the way to financial freedom, since the emergence their have being different sector which have comes out with and they all bring new things to us which all their purpose is to make the crypto community at large a better place, in this article we will be talking about Defi, when you hear about Defi what comes into your mind, to me what comes into my mind is finance just as the name implies Defi (Decentralized Finance)
Defi: Decentralized finance is a system that offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks. Instead, it uses smart contracts powered by blockchain technology.
Defi is one of the largest financial system int the crypto space, and its has an over rising problem which is affecting the system, lets look at the problems;
One of those problems faced by the DeFi system is the slowness/ unreliable of the systems which is tied to the low liquidity and difficulty caused by the bridging between blockchains. With many diverse currencies and tokens exchanged, the number of traders available is insufficient for seamlessly moving assets, and as such it ends up slowing down the system and causing some downtime.
The Solution:
The Perfect solution to the problem which we faced in the DeFi system have all been scrambled out by XcelDefi.
What’s XcelDeFi?
This is an ecosystem powered by the XcelLabs which is design for multi-purpose task. And its aim to become the world’s first comprehensive system of Defi technology, by creating a bridge between multiple digital products in various sector of the crypto community, which is backed by the $XLD, which is the native token of the XcelDeFi ecosystem.
Why choose XcelDefi: Their might be countless of reasons why you will be asking your self why choose XcelDefi defi instead of other projects out their, I can boldly tell you that the same way that you have countless reasons to quarry your decision, so are possible reasons why you should also make XcelDeFi your favorite choice, lets just elaborate on some of the feature of the XcelDefi.
Features:
The diagram above illustrate its functions and features, and you know what it means when they talk about reliability which means its trust worthy, and your assets is secured in their hands, and ecosystem is design in such a way that you have a total control over your funds you don’t need to asked for any form of permission before you can make use of your fund, which every transaction is recorded in the blockchain technology and as such its 100% transparent, you don’t have to worry about transaction record manipulation and all that and many other benefits and features which are listed on : https://xceldefi.com/whitepaper
Other features that make up the XcelDeFi ecosystem includes;
XcelSwap: The Swap option is just like the Pancakeswap, Uniswap, and other swap exchange which you, the option allows users to use exchange their favorite crypto easily to any other token of their choice without the need of him/her to create an order book. XcelSwap aspires to be the first of its type, with the purpose of making decentralized exchanges accessible to everyone. Because of the bad user experience, they receive when new users try to use DeFi devices, they find the user interface and operability of the great majority of DeFi products problematic.
XcelPay Wallet:
The wallet is design to support multiple crypto assets in the wallet in aspect of sending and receiving funds. XcelPay Wallet is an open-source decentralized wallet project that aims to make cryptocurrency more accessible. $XLD is a utility token that is available to XcelPay wallet users. The $XLD campaign raises awareness of cryptocurrencies and introduces them to a broader audience.
XcelPay can also be used to purchase gift cards and phone recharges directly from your wallet. The XinFin Network and Ethereum Classic coins, in addition to Binance Smart Chain and Ethereum, are supported. To get started in the cryptocurrency market, use the XcelPay wallet to create a wallet and start buying and selling. The XcelPay wallet is straightforward to use.
Token Information
For More Information Visit:
Learn more about DafriBank: https://xceldefi.com/
Telegram group: https://t.me/XcelToken
Facebook: https://www.facebook.com/XcelDefiOfficial
Twitter: https://twitter.com/XcelDefi
Instagram: https://www.instagram.com/xceldefi/
Linkedin: https://www.linkedin.com/in/xcelpaywallet/
Reddit: https://reddit.com/r/xceldefi
Discord: https://discord.gg/acUKN6nCYa
Medium: https://xceldefi.medium.com/