xDollar Launched on IoTeX, Pioneering Web3 Money and Cross-Chain Lending
Dear Space Travelers,
We have been long waited this moment since September when we announced a strategic partnership with IoTeX. Today, we are excited to announce that xDollar is landed on IoTeX planet today!
XIM — Offering Interverse Web3 Money via xDollar
As part of strategic partnership with IoTeX, xDollar aims to become the first stablecoin and lending platform on IoTeX, powering Web3 money and cross-chain lending experience. In long term, xDollar is envisioned to become interverse money across metaverse, web3, DAO and MachineFi. The protocol deployment of xDollar on IoTeX’s mainnet is deployed on December 21st with xPeg product — users can stake BUSD_b to borrow XIM. Our first ecosystem partnership and liquidity incentive plan will be announced shortly!
IoTeX — Building Connected World via MachineFi
IoTeX was founded as an open-source platform in 2017 with a vision for the Internet of Trusted Things, a decentralized ecosystem where humans and machines can interact with guaranteed security and trust. We are on a mission to ensure everyday people and businesses can own and control their devices, as well as the data/value they generate. By connecting the physical and digital worlds, IoTeX will democratize access to machine-backed DApps, assets, and services to deliver value to users and fuel the new machine economy — MachineFi.
xDollar <> IoTeX Collaboration
As an emerging multichain stablecoin protocol, xDollar is not limited to decentralized finance application but also committed to what’s beyond DeFI by providing interverse money to onboard more users across blockchain applications. So we are firm that this collaboration with IoTeX will allow xDollar to take its firstlittle step for connecting large stablecoin liqudity with the untapped real world assets in the physical world.
Summary
We hope this IoTeX launch announcement keeps everyone excited for what’s ahead of xDollar. Right now we are in middle of transition phase migrating v1 protocol and finalizing details with SPACE token claiming instructions. Stay tune for our first ecosystem partnership and liquidity incentive program on IoTeX! We will be launching IoTeX trove next.
Let’s learn more about xDollar Space and get involved in the community
