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The live Xend Finance price today is $0.977480 USD with a 24-hour trading volume of $2,898,665 USD. Xend Finance is down 1.84% in the last 24 hours. The current CoinMarketCap ranking is #833, with a live market cap of $19,376,276 USD. It has a circulating supply of 19,822,691 XEND coins and a max. supply of 200,000,000 XEND coins.
Xend Finance is a blockchain-based platform inspired by traditional credit unions. It aims to provide opportunities for those interested in borrowing, investing, saving or lending digital assets.
Traditional credit unions tend to lack liquidity due to the smaller number of users, further exacerbated by geographical restrictions. Decentralized finance (DeFi) protocols eliminate these geographical barriers, bringing a new dimension to borrowing, saving and loaning.
Xend was originally built on the Ethereum (ETH) blockchain. Later, the Xend Finance team opted to move the system to the Binance Smart Chain (BSC), preparing the platform for scalability, high speed and a high level of security. Xend is backed by Google and Binance.
Aronu Ugochukwu is the CEO and co-founder of Xend Finance. He has also founded Wicrypt and Ugarsoft and co-founded Ogwugo.
Abafor Chima is the chief technology officer and co-founder of Xend. Previously, he worked in Ogwugo, Ugarsoft, ByteWorks Technology Solutions and Chevron.
Xend Finance allows users to establish credit unions by pooling funds to facilitate saving, investing and loaning.
Group creators can define the requirements and governance rules of their credit union from scratch. Examples of required parameters include deposit value, contribution intervals for each user, charges for not meeting the contribution schedule and withdrawal amounts.
Through the use of smart contracts, the protocol can assign each group a unique identification tag.
Xend charges users for the creation of credit unions to prevent spam attacks. After launching a group, the creator receives a sharable link. Early contributors get a certain percentage back from the total amount deposited. The rewards are reduced by half once the credit union’s cumulative deposits get to $100 million.
The platform’s native cryptocurrency token XEND powers vital operations, including governance, rewards and fees. XEND is used to reward the protocol’s users for participation, including saving and lending. The token can also be used to pay for a cycle’s subscription fees.
Xend Finance is community-focused and community-governed. Xend uses a decentralized autonomous organization (DAO) mechanism for governance.
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Xend Finance (XEND) has a maximum supply of 200,000,000 tokens, and no circulating supply data is available as of March 2021.
Xend Finance is based on the Binance Smart Chain. It is secured by a Proof of Staked Authority (PoSA) consensus mechanism, where 21 validators can stake the BSC’s native token BNB.
You can trade Xend Finance (XEND) on the following exchanges:
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|Xend Finance Price||$0.9775|
|24h Low / 24h High|
|Volume / Market Cap||0.1496|
|Fully Diluted Market Cap||$195,495,917.80|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighMar 28, 2021 (22 days ago)
All Time LowApr 18, 2021 (19 hours ago)
|Xend Finance ROI||No Data|
|Circulating Supply||19,822,691 XEND|
|Total Supply||200,000,000 XEND|
|Max Supply||200,000,000 XEND|