Benefits of Getting XDN on Binance Chain & PancakeSwap
Here are some of the major benefits of getting XDN on the Binance Chain & PancakeSwap
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.
Expansion of trading pairs - users will be able to swap wXDN directly with many other tokens listed on the PancakeSwap / Binance Chain.
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.
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).
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.
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.
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.
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.
wXDN will be able to leverage BscScan - an industry leading explorer - for high-level insights in real-time.
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.