Xion Finance Update - April 2022
The Xion team has been working hard behind the scenes in regards to partnerships, integrations, VC’s and overall infrastructure to support the immense demand they’ve been receiving for their launchpad and DEX aggregator.
In just the last few weeks, there’s been over 300% user growth from purely organic marketing.
During that time the team also attended the Miami Bitcoin conference, where a substantial amount of connections were made to assist Xion in scaling their solution across multiple chains.
Now it’s time for the team to upgrade Xion Finance to a brand new V2 look in order to accommodate the overwhelming launchpad, liquidity and high yielding DeFi staking demand.
The Xion Finance launchpad has received an enormous amount of demand to run sales for the latest Metaverse and gaming projects in the industry. Currently, Xion is booked out till end of July with IDO and INO sales but now the team is going to make some small changes to improve external and internal processes.
Firstly, Xion will be only be taking on Tier 1 & 2 Metaverse and gaming projects from May onwards. The tiers are determined by the projects team, backing, community size, overall engagement and utility of the projects token/s.
This ensures more successful raises being hosted on Xion, with more time for cross-marketing, due diligence, joint partner initiatives and customer support.
Secondly, with the upcoming V2 UI, the IDO and NFT claiming process will be simplified, so that participants can easily claim their allocations once the projects start distribution.
Thirdly, to participate in the IDO/INOs on Xion Finance, investors can take part in 3 different ways: subscribe to an IDO Membership with XGT for automatic allocations, stake XGT to take part in the tiered rounds or complete tasks to get in the whitelisting round.
Xion Astronaut NFTs
Xion has postponed any further Astronaut NFT sales on selected launchpads and has allocated the rest of the NFT raise to the Xion Finance Launchpad.
Currently, only 350 Xion Astronaut Mystery Boxes have been minted from sales hosted on Launchzone, MultiPad and Babylons. Now depending on how much and for what period XGT has been staked by the Xion Astronaut Mystery Box holders, will reward them with additional Mystery Boxes. The bonus Xion Astronaut NFT Mystery Boxes will be distributed within the next 1–2 weeks.
Once the remaining sale date has been set for the Xion Astronaut NFTs on the Xion Finance launchpad, the community will be informed and only certain XGT stakers, existing Mystery Box holders and whitelisted wallet addresses will be eligible to purchase the remainder of Mystery Boxes.
Currently, the cross-chain smart contracts are being created for the Xion Astronaut NFTs and will be linked to the Xion Global payment gateway, Xion Finance XGT staking pools and will need to be chain agnostic for each partnered metaverse client the Astronaut NFTs will be utilised in.
V2 UI/UX is Underway
The Xion Finance team has decided to upgrade their entire Dapp to provide a simple avenue for users to shift from a web2.0 to web3.0 environment for high yields, IDO/INOs allocations, cross-chain transfers and liquidity based DeFi incentives.
Everything from the Xion Finance launchpad, homepage, swap and liquidity pool UI to a Gnosis Chain lending dashboard for the AGAVE Lending protocol integration.
This new UI/UX will also be covering the integration with Elk Finance to enable more cross-chain transfers, liquidity for XGT and overall aggregating a variety of liquidity pools and staking pools on different chains.
Xion is about to scale their development team, DeFi infrastructure, management team, partner integrations and overall marketing initiatives to accommodate the vast amount of project launchpad submissions, cross-chain liquidity for reduced spreads and increased staking incentives.
By combining the irresistible perks of a Web3 environment, cross-chain capability, loyalty programs and cashback rewards, Xion readies itself to be the game-changer in the global e-commerce and finance industries. Essentially, Xion aims to be a Web3 Stripe facilitating crypto payments for thousands of merchants and their customers when they shop online and at almost zero costs.
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