Innovative DeFi protocol Xenon Pay II has had a remarkable week, and is flourishing in the Binance Smart Chain ecosystem. Find out the best place to buy X2P here.
Xenon Pay II is the most recent Binance Smart Chain (BSC) DeFi protocol to catch the eye of investors, and appears to be a substantive protocol with several original features. This week, its token (X2P) has achieved a rally of 120%, with a 78% surge in the last 24 hours alone.
If you want to start investing in Xenon Pay II, this article has all the information you need: what the project is, where it’s headed, and how and where to buy X2P tokens today.
How & where to buy Xenon Pay II in the UK and elsewhere
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What is Xenon Pay II? Decentralised finance explained
Xenon Pay II is a decentralised finance (DeFi) protocol built on the Binance Smart Chain. DeFi refers to a network of financial services that operate in a decentralised manner, rather than through centralised entities such as banks.
Protocols like X2P allow users to access financial functions, such as earning interest, without using banks. This often results in better rates and faster returns. Xenon Pay II focuses on a mechanism called “yield farming”, whereby users earn interest in return for locking up their coins to secure the network.
X2P token holders also received 10% of all transaction fees from the network, adding another form of passive income. Features like this are making DeFi increasingly popular in a world where interest rates are virtually zero, and even negative in some cases — many analysts believe DeFi will eventually replace banks.
Should I buy Xenon Pay II today?
Xenon Pay II weekly chart. Source: CoinMarketCapConsidering the increasing popularity of DeFi, along with X2P’s stellar performance in the markets, Xenon Pay II will certainly be considered a ‘must buy’ by some traders.
This is X2P’s first big week in the market, implying that it is potentially kick-starting a prolonged rally. With the current price at $0.000001931, and the price chart looking promising, X2P could well become a hot commodity very soon.
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