D’CENT Wallet partners with Globiance on the XDC Network
D’CENT Wallet is excited to announce a new partnership with Globiance, a financial services group consisting of cryptocurrency exchanges and financial institutions situated in North and South America, Europe, Africa, Asia, and Australia.
Globiance Global platforms and the Crypto Payment Gateway are built on top of the world’s leading blockchain technology XinFin (XDC) network, a revolutionary (third-generation) protocol that features more transactions per second, lower fees, lower transaction confirmation time, less energy consumption, and smart contract support, which makes it an ideal platform for launching Globiance trading and exchange services.
Globiance has its own house token GBEX (XRC20) and it will be used daily on the Globiance Global platforms, as well as in the Crypto Payment Gateway. On Globiance platforms, trading fees will be discounted when using GBEX.
Globiance DEX generates the USD prices of assets by deriving its relative prices in different pools in relation to a stablecoin and taking its average as its price. EURG & USDG, one of the two stablecoins of Globiance are considered as base prices, pegged to their respective FIAT currencies.
Globiance DEX is expected to be released on December 8th, 2021. Globiance DEX will be the first decentralized exchange based on the XDC (XinFin Network) and features a built-in rapid XDC token deployment system for exchange, which enables the platform to become the launchpad for all XDC based tokens. D’CENT Wallet and Globiance are working together to provide users with an additional layer of security and seamless mobile accessibility to the platform. The highlight of the collaboration effort is that D’CENT Wallet users will be able to stake XDC-based assets with the Globiance DEX.
👀 SNEAK PEEK inside the Globiance DEX 👀
👉 Globiance DEX : https://dex.globiance.com/ 👈
Globiance DEX is the first Decentralized Exchange ( DEX ) built on leading XDC ( XinFin ) blockchain which has a 2000+ TPS making trading on Globiance DEX lightning fast. The platform features the first automated market maker (AMM ) on the XDC blockchain where a collection of smart contracts are used to create liquidity pools, provide liquidity, and swap XRC-20 tokens.
For detailed information, please read the FAQ:
👉 Globiance DEX FAQ: https://dex.globiance.com/faq 👈
Themes
GBEX DEX offers several themes that users can choose from 3 themes.
Pink (below) , Dark & Blue.
Globiance DEX - Trading Platform Features
① Trading
Trading on Globiance DEX operates on the AMM protocol (Automated Market Maker) and trades are made instantly against liquidity pools instead of order books. Traders can also customize settings like Slippage, Deadline, Swap Path to their requirements. Traders can also select a swap path while trading to leverage price differences & do arbitrage. Trading for Fee On Transfer Tokens ( FOTT ), like GBEX, is supported and auto-detected if included in the swap path.
② Add Liquidity / ③ Remove Liquidity
The community can create new pools, add liquidity. Liquidity providers will receive Liquidity Tokens, which represent the share of the user in the total pool. Liquidity can be removed anytime and the users would be crediting the tokens according to the liquidity token amount.
Incentives / Earnings to the Liquidity Providers
On providing liquidity to any liquidity pool, the liquidity providers get LP (Liquidity Pool) tokens which represent ownership of a part of the total pool of a pair. An incentivizing model is currently being developed to provide lucrative rewards to liquidity providers.
More information about incentivization:
👉 https://dex.globiance.com/learn-more-incentives 👈
Token Listing / Trading Custom Tokens
The Globiance community can create requests to list new tokens into the default token list of Globiance DEX. Users can always trade any token irrespective of it being listed in the default token list. Users simply need to paste the custom token address in the token list and click on “Add” & start trading.
👉 Request for Token Listing on Globiance DEX
Listed Token Pricing
Globiance DEX generates the USD prices of assets by deriving its relative prices in different pools in relation to a stablecoin and taking its average as its price. EURG & USDG, one of the two stablecoins of Globiance are considered as base prices, pegged to their respective FIAT currencies. These currencies can be swapped to & from FIAT on the Globiance Centralized Exchange.
This blog is for educational purposes only. Information presented here, including projects or brands mentioned, is informative and not financial, legal, or tax advice. While we strive for accuracy, we cannot be held liable for any inaccuracies. Cryptocurrencies are inherently risky. Do your own thorough research and consider consulting a financial advisor for investment decisions aligned with your goals and risk tolerance. External links may be present and we are not responsible for their content or practices. Review their terms of service and privacy policies.
