Benefits of Getting XDN on Binance Chain & PancakeSwap
Here are some of the major benefits of getting XDN on the Binance Chain & PancakeSwap
- 1.XDN will be available on a Decentralized Exchange (DEX). Anyone in the world will be able to buy XDN (as wXDN - the wrapped version of XDN) on the Binance Smart Chain using PancakeSwap.
- 2.Expansion of trading pairs - users will be able to swap wXDN directly with many other tokens listed on the PancakeSwap / Binance Chain.
- 3.Lower fees and faster transactions - compared to many other DEXs - wXDN will be able to leverage this as core offerings from PancakeSwap and Binance Smart Chain.
- 4.Users will be able to store their wXDN with other coins on their choice of wallets (like Metamask, Trust, & other wallets supported by the Binance Smart Chain).
- 5.DigitalNote will be able to further expand its DeFi (Decentralized Finance) offerings in the future by leveraging PancakeSwap's foundational capabilities like Liquidity Pool Rewards, Staking, Farming, etc.
- 6.XDN holders will have yet another choice to earn a passive income (today they earn by staking in QT wallet or via running an XDN masternode). They will be able to earn by contributing to a wXDN pool.
- 7.Reduced dependency on CEXs - tokens often get adversely affected by exchange or country-specific policies. DEX pools ensure users' ability to trade in the listed token is never affected.
- 8.By integrating with the Binance Smart Chain, XDN already becomes a part of the Binance Ecosystem. This helps with the efforts in the direction of listing with Binance DEX & CEX.
- 9.wXDN will be able to leverage BscScan - an industry leading explorer - for high-level insights in real-time.
- 10.Project awareness and expansion of the community - XDN's presence on the Binance Ecosystem will help spread more awareness about the DigitalNote ecosystem and attract new community members.
Last modified 2yr ago