Xido Finance

What is Xido Finance?

XIDO operates as a decentralized automated market maker (AMM) featuring yield farming incentives, devoid of any minting processes, and distinguished by a distinctive token distribution design. The token introduces a governance layer, empowering the self-sustaining pools and farms without the need for creating new tokens.

The protocol serves as a layer for payments, purposefully crafted to bolster the rapidly expanding decentralized finance (DeFi) industry through the integration of significant technological innovations.

What makes Xido Finance Unique?

XIDO Finance provides additional incentives for the best prices through yield farming benefits utilizing NFT, and it operates without minting. As a decentralized automated market maker (AMM) with a distinctive token distribution design, XIDO Finance incorporates a governance layer powered by XIDO tokens, supporting self-sufficient pools, NFTs, and farms without the need for generating new tokens.

The DeFi space is saturated with various protocols, making it challenging to differentiate genuine projects from potential scams. XIDO distinguishes itself by avoiding unsustainable short-term yield programs and instead draws inspiration from leading-edge projects in DeFi, such as Uniswap, Pancakeswap, Sushiswap, and Reflect. Additionally, it introduces a novel NFT system that farms NFTs through staking, offering an innovative solution for calculating farming aggregation. While most DeFi protocols offer yield farms to incentivize liquidity, XIDO stands out by offering triple yield on all its farms and pools, as outlined below:

Regular yield farming incentives:

• Earn tokens for providing liquidity on the AMM (basic).
• Yield farming rewards.

XIDO Yield Farming Incentive:

• Acquire tokens for providing liquidity using NFT staking (basic).
• Yield farming compensation.

XIDO Token

Featuring faster burn rates and farming rewards, XIDO has a fixed total supply of 100,000,000 tokens with no mint functionality in the code. Its decision to launch on Binance Smart Chain (BSC) is driven by the low fee transactions on BSC, allowing XIDO to maximize the potential of its token distribution design. Increased volume on XIDO leads to accelerated burn rates, providing holders with more XIDO tokens.

XIDO maintains a fixed total supply of 100,000,000 tokens with no minting functionality in the code. The choice to launch on BSC is strategic, leveraging low transaction fees to optimize the token distribution design, resulting in faster burn rates and increased rewards for holders.

Xido Finance Team Background

The XIDO crypto token is developed and managed by a team of seasoned technology professionals, entrepreneurs, and investors. Key members of the core team include Binny Jain (Co-founder & CEO), Jain Aashish (Co-founder & CTO), and Sid Banerjee (Co-founder & Product Lead).

Xido Finance Project Development

ido Finance announced the completion of a Smart Contract audit by Haechi Lab, a prominent security auditing company. Haechi Audit conducted a thorough examination to ensure that Xido Finance's smart contract was implemented and designed according to the specified standards in the published materials, with a focus on safety and security.

Haechi Audit is a flagship service of Haechi Labs, a leading entity in the global blockchain industry. Specializing in smart contract security auditing and development services, Haechi Audit is recognized for its expertise and has received technology grants from the Ethereum Foundation and Ethereum Community Fund. As part of the Samsung Electronics Startup Incubation Program, Haechi Labs is the sole blockchain technology company selected, further highlighting its capabilities.

The security audit reports from Haechi Audit are trusted by cryptocurrency exchanges worldwide, and many clients have successfully listed on platforms such as Huobi, OKEX, Upbit, and Bithumb after passing Haechi Audit's smart contract security audit.

Xido Finance Price Analysis

As of December 25 2024 Xido Finance has a marketcap of $5.9M. This is {{percentagefromath}} from its all time high of $481.05. In terms of its tokenomics, there's a total supply of 100M with 28% currently outstanding. Keep in mind Xido Finance has a fully diluted value of $21M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.