Web3 wallet provider XDEFI has revealed details of its long-awaited utility token – $XDEFI.
The utility token will be used for four main utilities within the XDEFI ecosystem; staking, governance, building and a novel ‘play to (l)earn’ model.
Check the associated Medium blog post 👇 https://t.co/nZrzewhth3
Support will be also provided to community members to help incentivise and encourage users to participate in DeFi platforms and how to “best to use the tools necessary to unlock the full potential of DeFi”.
The IDO for the $XDEFI token will take place in early November on MISO – SushiSwaps native launchpad platform – in a bid to raise an estimated $12m in funds.
The wallet was released earlier this month following a successful beta testing round for 27k testers and has attracted hordes of fans due to its friendly interface and notable features such as ‘Ape mode‘,
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