XcelDefi: Next generation DeFi announces launch on Pancakeswap & XcelSwap

5min Read

Posted: September 20, 2021

By: Anjali Sriniwasan

Journalist

Anjali Sriniwasan

Journalist

Posted: September 20, 2021

XcelDefi (XLD), the next generation DeFi, has announced its recent combined launch on PancakeSwap, BakerySwap & XcelSwap decentralized exchange (DEX).

The debutant Defi token-XcelDefi (XLD) which prides itself on being the next generation of DeFi “built to disrupt the traditional financial ecosystem”, is powered by the XcelLab Ecosystem.

Xcellab Ecosystem is the parent company of promising projects developing in decentralized and cryptocurrency space and has backed up on the inception of projects including XcelTrip, XcelPay Wallet, XcelSwap (DEX), XcelToken Plus, XcelToken Exchange.

With the launch of XcelDefi (XLD), Xcellab Ecosystem is venturing from native Ethereum blockchain to the Binance Smart Chain. The move is plausibly directed to make DeFi accessible to all by making cryptocurrency transactions cheaper, faster & smoother, more secure!

Not Just Another Cryptocurrency Token

XcelDefi is the native token of the XcelLab ecosystem. The token is backed up by the largest ecosystem XcelLab Ecosystem which comprises a very successful blockchain project like XcelTrip.com (Travel Booking Platform) that allows you to book over 450+ airlines and 2.3 million hotels worldwide and XcelPay Wallet- a fully decentralized ERC20 & BEP20 compatible Wallet. The decentralized wallet allows users to trade and store cryptocurrencies and tokens in a fashion that allows users to have full control over their funds without having to worry on matters like security and reliability.

Recently the XcelLab ecosystem also launched XcelSwap- a decentralized automated market-maker- XcelSwap, which is designed to allow for trading without intermediaries. XcelSwap supports crypto-community to trade BEP-20 tokens that run on Binance Smart Chain with the aid of user-fueled liquidity pools.

Unlike centralized cryptocurrency exchanges that operate under a singular entity, XcelSwap is a decentralized exchange (DEX), built on an automated smart contract that’s based on Binance Smart Chain, XcelSwap enables users to keep full custody of their token, and trade tokens at much lower trading fees.

XcelDefi (XLD) is the Governance Token of XcelSwap. XcelDefi can be used around the platform for swaps, staking, and yield farming. Furthermore, XcelDefi (XLD) can be used by XcelSwap to shape XcelSwap’s future.

Some Impressive Use Cases

XcelDei (XLD) has the largest use cases in the entire crypto & defi sector.

Book Hotels and Flights With XcelDefi

XcelDefi (XLD) can be used to book 2.3m+ hotels and 450+ flights on XcelTrip.com – a decentralized travel ecosystem for cryptocurrency travelers with over 500,000 active userbases worldwide. XcelTrip is the first crypto-friendly online travel booking platform established in California 2016, United States.

A community-driven token

XcelDefi (XLD) acts as the governance token of XcelSwap. XcelDefi holders can vote on the development or amendment of the XcelSwap project and can also submit governance proposals.

This makes XLD a completely community-driven token. Being the governance token on XcelSwap, the XLD community can also stake, swap and earn LP tokens on XcelSwap!

Earn Passive-Income

XcelDefi can be used for passive income by various methods on XcelSwap. Users can earn XcelDefi through Liquidity mining and staking on pools. XcelDefi rewards its community members and investors for participating in liquidity mining programs. Also, XcelDefi Holders can stake XLD tokens on XcelSwap to earn more XLD Tokens!

Topup Mobile Plan and Buy Gift Cards

Via XcelPay Wallet, XcelDefi (XLAB) can be used to recharge your mobile carrier service. The token can be used to top up mobile plans on 900 different service carriers in 190+ countries! Download XcelPay Wallet and explore the services available.

XcelPay Wallet has over 100k downloads with over millions of crypto communities within XcelLab Ecosystem. There are thousands of active users using mobile top up features on a daily basis.

What makes XcelDefi so unique?

Essentially, XcelDefi is disintegrating barriers to finance and rewarding liquidity providers for their contribution to the liquidity pool. XLD uses blockchain technology to disintermediate centralized models and promotes equity in financial services.

XLD provides the users with the means to have more control over their money through personal wallets and trading services. Currently, There are 65000+ token holders with over 140,000 transfers through the bsc networks.

In contrast to central bank-controlled fiat, XLD is a gateway to decentralized finance which explicitly caters to individual users’ needs instead of serving profit incentives of institutions like banks.

The daily effective mint of XcelDefi is 288,000 of which 144,000 token will be daily-burnt, rest of 144,000 will be distributed among the liquidity providers and the developer address in the ratio of 75:25 which will be used for token buy-back, research, and development.

Invest in the future of decentralized finance with XcelDefi: Adopt your very first XcelDefi (XLD)

XcelPay Wallet– a decentralized cryptocurrency wallet providing a safe haven to store your cryptos and making cryptocurrencies more accessible.

XLD is being distributed as a utility token to XcelPay Wallet Users. By doing so, XLD is spreading awareness and giving everyone a chance to own their very first crypto. Claim XLD on XcelPay Wallet.

Be the first to grab the next generation cryptocurrency XcelDefi. Download XcelPay Wallet & buy XLD in real-time.
Use PancakeSwap, BakerySwap & XcelSwap to buy XcelDefi (XLD).
XLD will continue listing on major DEX and other centralized exchanges on a regular basis.