NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

ABEY Foundation’s DeFi Platform XSWAP Launches On ABEYCHAIN

NewsBTC
NewsBTC
4 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

ABEY Foundation recently launched its DeFi platform, XSWAP, on the ABEYCHAIN blockchain. XSWAP functions as both a decentralized exchange (DEX) and a decentralized finance (DeFi) platform. The XSWAP platform is the first of what the ABEY Foundation hopes will be many DApps built on the platform by the ABEY developer community. The ABEYCHAIN ecosystem itself provides an alternative to blockchains like Ethereal, which serves as a home to a host of DApps. XSWAP provides an alternative to the overly expensive and inefficient Ethereum network.

XSWAP brings solutions to the market for issues that have negatively impacted the DeFi community. The platform solves these issues by innovating a new trading model near before seen in the market. It uses both an automated liquidity protocol, as well as an ‘automated market maker’ to solve highly impactful issues with legacy crypto exchanges.

Its automated market maker system works independently of any central intermediaries. It determines the price of each token based on the supply and demand of the asset. Using the ratio of the number of coins present in various pulls to determine “supply” and “demand.” Then setting the price according to the outcome. This is done using a proprietary mathematical algorithm that is run by the XSWAP protocol.

Ready For Take-Off

XSWAP is currently up and running. The decentralized exchange and finance platform is compatible with all ARC-20. While also supporting cross-chain assets such as Bitcoin, Ethereum, Litecoin, BNB, DOT, and AST. XSWAP also supports non-custodial, open-source wallet services from MetaMask and the ABEY Wallet, which are required to operate on the XSWAP platform.

XSWAP’s automated liquidity protocol is one of the first of its kind in the trading world. A protocol that allows a buyer or seller to complete a trade regardless of whether the other party is present or not. Traders who use XSWAP’s liquidity protocol to trade can become liquidity providers (LPs) on the platform.

Users on XSWAP can also contribute digital assets in exchange for an annual percentage yield (APY). These assets go to the user’s preferred token pool which is provided by XSWAP for each token listed on the exchange. Users are given the choice to either accept their APY in XSWAP’s native token, XT, or any other token they desire.

XSWAP’s Native Token, XT, Launch

The XSWAP native token, XT, was launched with an airdrop completed on August 17th, 2021. The demand was so high for the tokens that the airdrop was completed in a matter of mere hours. The team plans to conduct more airdrops to match the mounting demand for the XT tokens in the market. 1.2 billion XT tokens are also set to be distributed through the liquidity mining feature on XSWAP.

Holders of the XT token get the right to vote on any new developments or changes taking place on the platform. The XT token is also important for trading on XSWAP. Users will need to hold XT in order to pay for “gas” fees on the network, which varies depending on the network traffic at the time of the transaction.

To trade on XSWAP, users will need a supported wallet like MetaMask or the ABEY 2.0 Wallet. These wallets will facilitate trades between the trader and other users on the XSWAP exchange.

To learn more about XSWAP visit the website https://xswap.com.

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Lava Network’s RPC engine sets the infrastructure stablecoins need to scale

Stabelcoins and tokenized assets are quickly becoming the next frontier for payments and financial innovation, promising near-instant settlements, lower fees,...

NewsBTC 1 week ago
Mastercard

Mastercard Stresses Crypto Is An Enhancement, Not A Substitute

Mastercard is moving to bring crypto into its payments network while keeping control tight, company officials said. Related Reading: Scam...

Christian Encila 1 week ago

CSOP Mùa Thu 2025 – Chuỗi Sự Kiện Lớn Nhất Của CoinPoker

Diễn ra từ ngày 7 đến 29 tháng 9 năm 2025, CSOP Mùa Thu sẽ mang đến 23 ngày thi...

hhduy 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Crypto

Can Europe’s Crypto Apps Win Over Binance Users? A Growing Comparison

PR Desk 2 days ago

How to Compete When Finance Never Sleeps

NewsBTC 1 day ago

MEXC Blocks $4.97M in Fraud and Recovers $902K in User Funds, New Report Reveals

Mark Hampton 1 week ago

Premium Sponsors

Press Releases

  • Tyto 3 altcoiny explodují v aktuální sezóně – Bitcoin Hyper, Maxi Doge a Wepe SOL by mohly být dalšími generátory milionářů

    Maxi Doge ($MAXI): Investičná príležitosť medzi meme...

    3 hours ago
  • Maxi Doge ($MAXI): Investiční příležitost mezi meme...

    3 hours ago
  • イーサリアム...

    4 hours ago
  • ビットコイン...

    5 hours ago
  • 頑固な抵抗線を突破し、0.0001ドルへのラリーは可能か?

    シバコイン...

    6 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.