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Xend Finance has launched the first global cryptocurrency banking application. With its help, users can create deposits in stable currencies (stablecoins) to hedge against inflation and devaluation. The program is available for iOS and Android devices.
The company representatives noted that the launch of the Xend Finance application has officially opened the era of blockchain banking to users. With the help of the Decentralized Finance (DeFi) project, investors will be able to protect their assets from inflation and earn up to 15% per annum by converting Nigerian naira to Binance USD (BUSD) stablecoin, which is pegged to the US dollar (USD). In the future, the list of available digital and fiat currencies will continue to grow.
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Users can choose from two savings options:
In the first case, investors have access to blocking their savings for a certain period of time with the accrual of up to 15% compound interest. The fixed option cannot be waived until maturity. As a bonus, users will additionally receive their own XEND project tokens, which are traded on major cryptocurrency exchanges.
If you choose the “flexible” savings option, interest is calculated daily. In addition, early withdrawals are available to investors at any time without prejudice to earnings.
Everyone who signs up with Xend Finance is promising a $ 1 bonus when they enter a referral code. Another $ 2 will be received by the investor who invited the new user.
At 15:12 (Moscow time) on January 6, the XEND token cost $ 0.14. This is 10.76% less than the day before. Trading volume in 24 hours increased by 43.58%, to $ 539.29 thousand. Market capitalization – $ 11.49 million. At the moment, the issuer has issued 79.25 million out of 200 million coins.
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