Bitcoin News and Finance XTRA․FUND – the World’s Only DeFi Platform That Always Rewards, No Matter the Market Skip to main content

XTRA․FUND – the World’s Only DeFi Platform That Always Rewards, No Matter the Market

The cryptocurrency Winter is (NOT) here to stay.

If the media was any indicator of the current state of the cryptocurrency industry, one would think it was time to “pack up” and find a new technology to invest both time and money into. It is true that the cryptocurrency industry is currently experiencing another so called “cryptocurrency winter” and while numerous references may be cited to support that, it is also true that this is not the first nor the worst one. In fact, well supported and funded projects are thriving and now is the perfect time to develop them further.

The team behind XTRA.FUND also believes that as well. The platform has been fully functional and live since December 2021, and it is also looking to solve the challenges that not only plagued the cryptocurrency industry since its inception, but will now be an even more predominant topic: making cryptocurrency safe, secure and rewarding at the same time, enough to make it a viable alternative to traditional investments. XTRA.FUND not only believes it can deliver, but is on a mission to convince the world of that as well.

The way it offers that is with the following set of features:

Sometimes it just takes a bit of XTRA PROTECTION

The cryptocurrency industry is limited in terms of the types of protection it can offer, and with regulation in most parts of the world not around, it is no wonder that people are still hesitant. Companies have offered solutions much like Binance with its SAFU, but the user needs to have confidence in that company and their willingness to honor such measures. Another format that has come from the industry, is the notion of stable coins. Even with Luna’s UST incident, these are still a solid way forward; however, the recent UST collapse showed that nothing is 100% safe. In fact is it starting to prompt governments to finally enter, and back these assets up more to protect their citizens as Japan recently announced. There is another way, and that is the unprecedented XTRA.FUND way.

To create its solution, XTRA.FUND created its own smart contract, its own token, and its own platform. The mathematicians that support XTRA.FUND devised a way by which to cover a significant portion of a staked amount against the drop in price of its token. First a fully automated, self-governing smart contract was developed. Not only is it secure to the point that even XTRA.FUND employees do not have access to it, but it also revives the true decentralized nature of the blockchain industry, something that seems to have gotten lost with numerous recent projects. In parallel, XTRA.FUND Token was also deployed. It is a BEP-20 token that is the only one in the world protected with a price drop protection mechanism. Using some clever tokenomics, it was decided that 80% of the total 100 Billion tokens would immediately go into this smart contract, now branded as XTRA PROTECTION. To properly offer this protection, the team finally had to develop its own staking platform with rules that would allow for such a feature to be offered.

The outcome? When a user stakes XTRA.FUND Tokens on the XTRA.FUND Platform, their initial staked amount is protected against a price drop of up to 90% (terms such as staking length apply). That is unheard of in not only the decentralized finance but also the traditional finance space.

Two worlds come together to reward gains

There is enough market dropping (price, shares, etc.) going on right now, so time to change the subject: XTRA.FUND also ensures that its users are rewarded well during times of its XTRA.FUND Token price gain. No less than the innovative way it has resolved the challenge with price drops, has XTRA.FUND managed to reward its users during times of price increases. The company has done this through its partnerships with a network of EU based B2B lending companies. Through this cooperation, the profits that they make from their traditional finance activities are seamlessly passed back into the XTRA.FUND Platform, offering its users a competitive ROI. That is how the XTRA LENDING FUND feature came to be.

That’s not the only clever action that occurs. Users of course also benefit from the price gains of the token itself; however only up to double the amount invested. Anything above that is automatically put back into the XTRA PROTECTION feature, replenishing it and preparing it for the next “rainy day”.

Final ingredient, users.

The ecosystem strives towards being community driven. The company had that in its vision from day one. When someone uses the platform, they are entered automatically into the XTRA.CLUB. Today, this serves as the name for the growing number of users that have started to benefit from the product; however, in the future, there will be features deployed that will only be available for XTRA.CLUB, such as the upcoming XTRA Launchpad. Here, not only will well vetted projects be accessible to the community, but they will also be able to offer a version of XTRA Protection for their tokens as well.

In summary, XTRA.FUND is protection in either direction.

To bring this offering to the public, it entailed a highly complex ecosystem that had to be converted to the intuitive platform that one can find on the site today. The diagram here sums up how – no matter the market condition – XTRA.FUND is rewarding its users.

This is just the beginning from the team. In addition to expanding the XTRA.FUND universe, other complimentary products will be launching soon that will be no less innovative. The team itself continues to expand as well as growing its external partnerships. The company is aiming to play a major part in not only thawing the current wintery market but also in proving to the world that cryptocurrency is a viable & safe long term investment alternative.

Dominik Glowicki

marketing@xtra.fund

Website: https://www.xtra.fund/

Twitter: https://twitter.com/xtra_fund

Telegram: https://t.me/xtra_fund

 

 


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory