XDC Network – XDC
The tokenisation of Real-World Assets will become the most explosive Crypto narrative we will ever see.
Who is at the forefront of this narrative?
This is a Project Review on XDC.
XDC Network is a hybrid blockchain that was first launched in 2017 with the mission to transform the trade finance industry by enabling Real-World Assets & financial tools to be tokenised and integrated into the blockchain.
The XDC Network runs on the Delegated-Proof-of-Stake (XDPoS) consensus mechanism and merges public blockchains’ transparency with private blockchains’ security to create the most idealistic hybrid network!
Simply put, to revolutionise the world of traditional trade and finance through the power of smart contracts. The network is capable of facilitating 2,000 TPS at extreme speeds and ridiculously cheap transactional fees!
XDC offers an incredible variety of solutions for developers, enterprises and businesses in the finance industry which is valued at over $1.7 Trillion! Even if the XDC network is worth 1% of the entire Trade Finance market, the XDC network would be worth $17B alone…
These solutions that the XDC Network offers will introduce many major financial players to the world of blockchain technology. Here are a few key solutions:
There are many more solutions, but these caught my attention!
Just to mention, before we dive into the ecosystem. We have listed decentralised exchanges and wallets at the end of this article under ‘How To Buy $XDC’.
This is HUGE. The ITFA has been around for over 24 years and is an international trade association for companies, financial institutions and individuals and more! XDC was the first blockchain to join the ITFA and is a huge milestone that will play a key role in the future when RWAs get integrated into the blockchain.
An AI-focused identity platform with social, cashback and incentivised mining! Ecoin plans to onboard millions to billions of users!
XDC Network’s leading Borrowing & Lending platform which also has the incredible liquid staking feature that has become so popular. Fathom is the ultimate protocol for earning yield on the network!
Not ecstasy and not OpenSea. XDSea is a P2P NFT marketplace which is just like the OpenSea marketplace that is home to the Ethereum network.
AliExpress has now integrated the Shopping .io platform which is connected through the XDC Network! Users can buy or sell items using $XDC! You can’t tell me this isn’t bullish…
I could go through so many more, but it’s better if you take a look for yourself! Here’s the link to the ecosystem page – https://xdc.org/community/ecosystem
A notable achievement is a sponsorship the XDC Network was able to land with DC United! DC United is a top-tier soccer/football team from Washington D.C. that has over 250k supporters!
Powering the entire network is the native token, $XDC. It is used to pay transactional fees on the network, exactly how Ethereum and other Layer 1 blockchains operate. $XDC is also used by developers/businesses that set up and create smart contracts/dApps.
$XDC is not yet available on Ethereum or any EVM-compatible networks. You can buy, swap and trade $XDC on most centralised exchanges and can also be held, bought or sold on decentralised exchanges within native XDC Network Wallets.
There are two main ways to buy $XDC, but you will always go through a centralised exchange (CEX) or FIAT Off-Ramp. Here are the options:
Finding $XDC on CEXs is easy and we recommend using one of these centralised exchanges when buying or trading the $XDC token. Here is a list of CEXs with a few delicious promotions:
To get started you will need a DeFi wallet and make sure to secure your seed phrase with a hardware wallet (Trezor/Ledger):
If you are buying $XDC through your DeFi wallet, we listed two decentralised exchanges for you to swap or trade assets that are available on the network.
There are a few decentralised exchanges in the ecosystem, but these are the most used and popular DEXs in the ecosystem.
We all know that blockchain technology is about to revolutionise the entire world. Everything will be shifted onto the blockchain and it will open the gates to protocols like the XDC Network that focus on the tokenisation of real-world assets (RWAs).
Personally, I believe the XDC Network will have to integrate or become compatible with the Ethereum Virtual Machine (EVM) if they wish to become a top-tier blockchain. You could say, it is the wrong market. However, remember this. DeFi has no limits.
Integrating Ethereum and EVM-compatible networks or projects would definitely increase the popularity of the network and will naturally lead to a stronger TVL.
At the time of writing, the $XDC token is priced at $0.03 with a market cap of over $437.5M. $XDC once peaked at $0.19+ and had a market cap of over $2.2B! The XDC Network will thrive in the next bull run and especially the RWA narrative!
Twitter – @XDCFoundation
Website – https://xdc.org/
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