Xeus Reserve Currency Sells Out ILO in Just 6 Hours

The success indicates that there is a growing community behind the OHM-inspired reserve currency protocol.

Introducing Xeus Finance

Xeus Finance is a  Decentralized Finance (DeFi) reserve currency protocol built on Binance Smart Chain (BSC). Xeus utilizes game-theory in its economics through its bonding and staking, offering infrastructural liquidity to other projects along with improved earnings for users.

Along with these features, Xeus has been introducing new innovations to their platform. These upgrades have led to a successful ILO which sold out in just 6 hours.

Xeus Finance is powered by the $XEUS token, a rebasing token with significant utility on the platform. The project is backed by a variety of assets that include BUSD, DAI, and a series of Liquidity Pools (LPs).

Key Features

Bonding – Xeus offers bonding as a way to provide infrastructural liquidity. Xeus will trade the $XEUS token for assets outright, circumventing the need to rent liquidity from third parties.  As bonding gives Xeus Finance the ownership of these assets, a new supply is distributed from the bonding mechanism.

Liquidity Booster – This novel feature relies on the Xeus community to help boost the value of $XEUS. Users deposit BUSD into the Liquidity Booster, which then will add to the liquidity for the BUSD-XEUS LP on PancakeSwap. Users are incentivized by receiving discounted $XEUS on a vesting schedule (140,000 blocks, or 5 days) after the sale is finalized.

Staking – Users can stake their tokens to receive enormous APYs on auto-compounding yields. Currently users can receive 323,849,813.8% APY on their staked $XEUS – this number will shrink as more people acquire and stake, so expedited action is needed to take advantage of the massive yields.

Buyback and Burn – Xeus will execute buybacks and burns in order to maintain appropriate inflation levels. The project has already executed a burn for 1,000 $XEUS on November 7th, according to BSCScan.

Successful ILO

Xeus Finance has already gotten off to a successful start after selling out their ILO in just 6 hours. 2,000 $XEUS tokens at $50 each were all sold. The token has already jumped substantially in price, as it is now at $461.38 according to CoinMarketCap.

The token has been among top movers of all rebasing tokens according to data sourced from CoinGecko on November 7th.

Concluding Thoughts

Xeus Finance offers multiple features for users to earn profits from, while also utilizing those features to help boost the value of $XEUS. With buybacks and burns helping to maintain inflation levels along with rebasing the total supply, $XEUS has already seen a significant increase in price since its inception. Their unique liquidity booster program helps users take advantage of the growing price while also boosting the liquidity on the platform.

If you are a fan of OlympusDAO and BSC, Xeus Finance could be the answer for you!

For more information on Xeus Finance, visit the following links:

Website

Telegram

Twitter

Medium

Discord

Source : bsc.news

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