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XOX Labs is a multi-chain DeFi Dapps & Web3 Solutions Provider which allows users to swap, stake, store, bridge, play, refer, invest, and earn within over 60 blockchain ecosystems. They offer services for beginners up to DeFi experts.[1][2]
In August, XOX Labs announced the completion of its Seed Sale, securing $130,000 from private investors. Then, on October 3rd, at 12:00 PM UTC, the XOX Stage 1 Token Pre-Sale for Whitelist Investors was launched on two chains: Ethereum and the BNB.[3][4]
In 2022, XOX Labs made its debut as a Multi-chain DeFi Dapps & Web3 Solutions Provider. [5]
XOX Labs supports 60+ blockchains, interconnected with 150+ DEXs, 30+ DEX Aggregators, and a network of bridges. XOX has been audited by security firms including CertiK, Hacken, and Zellec.[6]
XOX Labs plans to create a range of apps, utilities, and solutions.
The XOX DEX V1 is a decentralized exchange (DEX) and aggregator that allows users to trade between tokens without relying on intermediaries. It utilizes pools from XOX DEX V1, UniSwap, and PancakeSwap to find the best rates for swaps. Liquidity providers can also benefit by adding funds to XOX DEX V1 pools and engaging in yield farming.
This platform is built on the principle of "Not Your Keys, Not Your Crypto," ensuring traders have full control over their funds. It doesn't collect personally identifiable data and enables pseudonymous swaps directly from a user's wallet. Users only need to connect their Web3 wallet to access various trading pairs.
Liquidity providers can add funds to whitelisted pools, enhancing liquidity for traders and earning a share of trading fees. XOX DEX V1 offers secure and private token swaps. [7]
XOX DEX V2 is a decentralized trading platform that aggregates liquidity from 60+ chains and 150+ DEXs to provide traders with the best rates. It offers an API for easy rate access and ensures secure, fast, and seamless token swaps across multiple blockchains. The platform includes a user-friendly interface with tools like live charts, technical analysis, and community feedback, and it supports multi-chain DeFi trading, including Ethereum, Binance Smart Chain, Polygon, and more. XOX DEX V2 is under development and aims to provide low fees, gasless trading, a referral program, limit and market orders, and revenue sharing for community growth. 8]
The XOX Gamified Referral Program is an innovative incentive structure that grants USDT/USDC points to both those referring others and those being referred for successful connections. This program leverages gamification with various levels and milestones, offering escalating rewards. [10]
The XOX Cross-chain Bridge, developed by XOX Labs, allows holders to transfer XOX tokens across various supported chains in the XOX ecosystem. It currently supports XOX transfers on Ethereum, BSC, Arbitrum, Polygon, Optimism, and zkSync Era.
The XOX Cross-Chain Bridge charges no fees for transferring XOX across chains. Apart from chain-specific transaction expenses, users will maintain the same value of XOX tokens before and after the bridge transaction, albeit on different chains. [11]
The XOX Portfolio Manager is a solution for the challenges associated with managing tokens across various blockchains. It streamlines the process by allowing users to oversee their token holdings on multiple chains through a single platform, all without the need for sign-ups or accounts. This tool aggregates data from diverse networks, delivering a holistic view of digital assets, including total combined value, detailed token information, asset performance metrics, transaction history, and even direct token purchase options. Users can further personalize their experience through customizable display options. [11]
The XOX DEX V1 Lottery includes XOX Token prizes. The lottery is funded by allocating 0.5% of the total transaction tax (10%) from XOX Token.
Every three days, lottery draws take place, with 0.5% of the daily 10% tax from the governance token added to the pool, resulting in larger rewards as the volume increases. Prizes are distributed based on matching numbers from the right side of tickets to the winning numbers drawn at the end of each lottery round. Each ticket includes six numbers, ranging from 0 to 9, and to win, players must match the draw numbers in the same order as the lottery balls, starting from the right of the tickets. Tickets are priced at $3 USD in XOX tokens each, with bulk purchase discounts available for up to 100 tickets, granting savings starting from 3 tickets and increasing to 5.99% when purchasing 100 tickets. After each round, prizes are awarded based on the number of tickets matching the same prize bracket. For instance, if three other tickets match the "Match all 6," the 10,000 XOX prize would be split evenly among the four winning tickets, resulting in each recipient receiving 2,500 XOX.[12]
The XOX Mobile Wallet offers direct access to the XOX ecosystem on a mobile device, allowing users to utilize various XOX features while on the go.
The XOX Wallet is fully secure, encrypted, and password-protected. Private keys and backup phrases are not accessible or stored, ensuring your privacy and security. The open-source nature of the XOX Wallet enhances security, promoting transparency, accountability, and community-driven development and improvement.[13]
The XOX token is the native utility token that XOX powers the entire ecosystem, providing users with access to a range of DeFi tools and features. Being a multi-chain protocol, their native XOX token can be acquired across all supported blockchains via the XOX DEX liquidity pools created by XOX Labs. [15]
XOXS is a hybrid multi-chain stablecoin. It serves as an alternative to staking with the XOX governance token, designed to counteract supply inflation and selling pressure. The development of XOXS involved extensive research into staking mechanisms, chart behavior, high APYs followed by staker selling pressure, and passive income strategies employing stable coins like USDT and USDC. XOXS allows users to generate passive income via staking without posing risks to holders or the project's long-term sustainability. 18]
Note: XOXS can solely be acquired by purchasing XOX Token (BEP20/ERC20) on the XOX Labs Native Swap via XOX-USDT and XOX-USDC pairs, and there are no other legitimate methods to buy or earn XOXS. Additionally, XOXS's current use case is serving as a stakable currency within the XOX Labs Ecosystem to counter inflation and mitigate selling pressure on the native token, XOX Token. Stay vigilant against scammers.[17]
The XOX Labs Team's mission and vision are centered on establishing a self-sustaining decentralized ecosystem with diverse revenue streams across multiple leading blockchains.
Hung Tran (Ken): BDM at Kyber Network & Strategic Advisor For XOX Labs.
Nicky Chabali: Advisor BD and Ecosystem Growth Description: In crypto since 2017. Previously responsible for Growth and Ecosystem Development at NEAR Foundation. Currently leading partnerships at Neon Labs, the entity behind the development of Neon EVM, the first and only EVM on Solana.
Edited By
Edited On
October 20, 2023
Reason for edit:
editing for neutrality
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Edited By
Edited On
October 20, 2023
Reason for edit:
editing for neutrality