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XDEFI Wallet Introduces $XDEFI Utility Token, Sets Sights on IDO -Breaking

by Mike Robinson

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XDEFI Wallet Launches $XDEFI Utility Coin, Increases Awareness of IDO
  • XDEFI Wallet launched its utility token XDEFI.
  • This token will be used to power the XDEFI Wallet ecosystem.
  • An IDO will be conducted by the team for XDEFI MISO in November.

The XDEFI Wallet team recently announced XDEFI, a utility token that’s created to power the XDEFI Wallet ecosystem. It’s designed by Delphi Digital, the same company that designed AXS, YGG, and PERP. It’s an ERC-20 utility token that will be available through an IDO in early November on MISO, the launchpad of SushiSwap.

The XDEFI token can be used to boost the XDEFI Wallet eco-system, including funding promising NFT or DeFi projects. Aside from this, token holders can do the following — staking, claiming fee rebates, governance participation, and earning by learning about DeFi and DeFi tools. Meanwhile, the IDO fund that’s around 1 million USD will be utilized as a grant to further develop xchain.js.

According to XDEFI Wallet CEO Émile Dubié, the team is very excited to announce the XDEFI token. Dubié said,

XDEFI will form the heart of the XDEFI Wallet ecosystem, and provide a long-term incentive to the community for building around it.

He added that they will also leverage XDEFI to make an educational framework on DeFi and NFTs with the aim to enhance people’s knowledge on web3 and boost a wider global adoption.

According to the XDEFI Wallet team, interested participants for the IDO can learn more by going to XDEFI Wallet’s official Medium and Twitter (NYSE:) channels. They also stated that they could not provide the IDO to institutions or users whose use of crypto is forbidden by law.

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