The Xend Finance Protocol is now decentralizing credit unions' savings, borrowing, lending, and investing operations, and is also able to provide multi-tiered interest returns to the members of these cooperatives, and is arguably the first agreement for a global market of more than $2.2 trillion in credit unions.
The latest price of XEND coin
＄0.01 ≈ ¥0.09
What is XEND?
XEND Coin is the native token in Xend Finance, a project that provides tools and platforms for decentralized finance credit unions, regardless of geography and home country currency.
The Xend Finance platform is the first decentralized finance (DeFi) credit union built on the Binance Smart Chain.
The team is made up of experienced professionals with backgrounds in mathematics, finance, cryptography, and blockchain development, working for some of Africa's largest employers, including KPMG, Chevron, and Stanbic.
Xend Finance is headquartered in Enugu, Nigeria.
Is XEND Coin an investment?
XEND coin has no investment value, the price of XEND coin has been zeroed, and there is no exchange on which it is currently listed, indicating that the project is currently untradable, and the project that is not listed on the exchange has higher risks and is not worth investing.
For years, Nigeria and other African regions have been trying to improve the adoption of cryptocurrencies.
Doing so is difficult because local governments don't always support crypto assets.
Xend Finance tries to solve this problem by providing DeFi services directly to the credit union world. Due to financial instability, the naira is constantly depreciating and new solutions need to be introduced.
Xend Finance's vision is supported by Google Launchpad, Binance Labs, AU21 Capital, and many others.
By converting deposits into cryptocurrencies and engaging in yield farming, financial inclusion across Nigeria will be promoted and promoted.
The appeal of Xend Finance lies in how users can create their own credit unions to participate in DeFi activities.
Doing so eliminates the need for intermediaries and helps put more money in the pockets of those who need it most.
Traditional credit unions offer an annual yield of 1%, but this can be affected by geographic location. On the other hand, Xend users can get up to 15% APY.
For projects like this, it's always worth paying attention to whether they can continue to be involved in their community.
XEND Finance organized a Strong Holder Offering (SHO) on the DAO Marker in February, which yielded some surprising results.
With a fortune of over $144 million and 3,200 qualified participants, the joint venture has proven to be successful.
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原创文章，作者：btc，如若转载，请注明出处：https://www.xf1233.com/a/850
