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Altcoin

Play-to-Earn Altcoin Project Soars 1,176% in Just 30 Days, Surpassing $2,000,000,000 Market Cap

A decentralized finance (DeFi) and gaming altcoin has been in the midst of a moonshot all through the month of March.

Xido Finance (XIDO) is an automatic market maker with a capped provide of 100 million XIDO tokens that offers yield-farming incentives to liquidity suppliers.

This week, the venture formally launched its play-to-earn gaming project in order to “take the first step in the metaverse.” The XIDO token was additionally not too long ago listed on the Singapore-based crypto alternate XT.com.

The venture’s native asset, XIDO, is buying and selling at $81.08 at time of writing, up greater than 200% from the place it was priced one week in the past with a $2,049,535,000 market cap. The 56th-ranked crypto asset is up a whopping 1,176% in the previous 30 days.

Xido Finance launched again in the third quarter of 2020, with the XIDO token rolling out final June and peaking at $481 that very same month earlier than correcting closely. The venture was launched on the Binance Smart Chain (BSC).

Xido Finance says its aim is to “drive the creation of a fully transparent, community-owned, and open-source oracle platform.”

According to the venture’s web site, Xido Finance plans to launch its personal pockets whereas getting extra exchanges to listing XIDO this 12 months. XIDO Finance can be trying to construct its subsequent iteration later this 12 months.

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Featured Image: Shutterstock/GrandeDuc/Fotomay

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