Xade Finance - A New Era of Finance Coming to Polygon

An exciting DeFi utility NFT project with 1000 unique explorers residing on Polygon will be launched on Komet.

What is XADE?

Its recognized as the only DeFi powered alternative to banks, counting with a hybrid solution between Traditional Banks and DeFi Protocols.

The main goal is provide all banking services on chain with its own DeFi protocols in such a simple way that anyone can do it through its mobile app.

Why is DeFi needed?

Banks are the pillars of the traditional financial system but from XADE point of view, they have been operating in an inefficient way with multiple points of failiures, showing their fragility multiple times throughout history.

We can find 5 serious problems:

• Inefficiency: Which often leads to high fees, long settlements periods and a lot of paperwork.
• Opacity: Due to the complexity of the system this lacks of transparency and opacity.
• Lack of autonomy and over-reliance on humans
• Single points of failures: For example, the failure of Lehman Brothers (2008) caused a domino effect that led to the global financial crisis.

After all those mistakes and the discoveryof Bitcoin, the idea of creating an alternative financial system was implemented.

DeFi is the term we given to the movement of creating an alternate financial system which is global ,permissionless ,decentralised and autonomous while working with maximum efficiency independent of all banks by leveraging blockchain technology.

The problems of "DeFi"

Although it's cinsidered by many as the future of finance, most of DeFi Protocols make 2 major mistakes:

• Offers a tedious user experience.
• Dont provide real world utility and connections.

The hybrid solution: XADE

To solve the problems of traditional banks and decentralised finance and to bring back DeFi to its original vision of replacing traditional banks, XADE has created a mobile application which provides all traditional banking services with new decentralized technologies.

They have succeeded in creating an application with a simple and intuitive interface which makes the services accessible to anyone.

The app iscurrently live on Polygon POS mainnet and 5 testnets including Shardeum, Polygon zkEVM, zkSync, Sei and Ethereum.

What can you do with XADE?

With the full potential of finance unlocked, XADE users will be able to perform a huge repertoire of actions:

• Create your own non custodial wallet with your social media accounts.
• Add multiple layers of security.
• Deposit Funds from 10+ Fiat Ramps, Xade P2P, or from your existing wallet.
• Send payments to any email address, decentralised identities or mobile numbers.
• Get a savings account.
• Speculate on prices of stocks, crypto, commodtities,forex and even more.

In addition users can get a special card to pay the bills or spend across +5k Ecommerce brands through XADE app.

Roadmap

XADE Explorers

The official collection powered by XADE will introduce 1000 explorers which will serve the members as an exclusive gateaway into the realm of decentralised bank.

Owning a Xade Explorer will give access to multiple benefits including:-

• Reduced fees.
• Increased rewards.
• Exclusive access to running liquidation bots.
• VIP Xade Unleashed events.
• Taking part in Xade Token private sales.
• And much more...

Launch Details

Platform: Komet

Mint date: 20th July

Supply: 1000

Mint Price: TBA

Official Links

Twitter: https://twitter.com/XadeFinance?s=20

Website: https://www.xade.finance/

Whitepaper: https://xade-finance.gitbook.io/introducing-xade/