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Lion's Share Group - Crypto @Lions_Share_ on x 5121 followers
Created: 2024-04-02 14:13:17 UTC
Xend Finance - Bringing Real World Utility on Chain
@xendfinance has announced a major shift in their tokenomics with their transition from $XEND to $RWA.
The move aims t bring real-world utility on-chain, combining the reliability of traditional finance with the innovation of decentralized finance.
The $RWA token will play a crucial role in the Xend economy, serving as a means for staking, rewards, and user engagement. With $RWA interoperability across chains, fiat conversion at Xend Bank, and integration with payment cards and apps, the token is poised to become an integral part of real-world applications.
As #RWAs gain prominence in 2024, the $RWA token is set to play a pivotal role in shaping the narrative. For more information on the tokenomics, interested parties can refer to the relevant section of the Xend Finance whitepaper:
XXXXX engagements
Related Topics rwa token decentralized onchain realworld $rwa xendfinance finance