The use of blockchain technology can lead to many innovative use cases, one of them being the option of tokenizing everything and anything, and offering the users to pledge and borrow tokenized assets such as NFTs.
Synthetic assets aggregator XCarnival, which has won the championship at Hackathon Southeast Asia held by the Binance Smart Chain (BSC), is doing exactly that, aiming to bring more people into the broader crypto and blockchain industry.
XCarnival Lists On CoinMarketCap With Airdrops
It is crucial for new projects that leverage important technology to improve their native discoverability. Getting listed on one of the most popular crypto data aggregators like CoinMarketCap (CMC) can mark a significant milestone for upcoming ventures.
XCarnival’s CMC page is as follows: https://coinmarketcap.com/currencies/xcarnival/airdrop/
As XCarnival is listed on CMC, users will have an easier time discovering the project and figure out what it all entails.
More importantly, all CMC users can engage in the XCarnival airdrop. The airdrop runs from June 28th until July 3rd, with tokens claimable on July 4th. Users have to complete a few steps – including tasks on Twitter, Telegram, Medium, and Discord – and fill in the airdrop. Tokens will be distributed via the Binance Smart Chain, and a valid BSC address is required for all participants.
Organizing an airdrop is usually a great way to reach a broader audience. With 1,000 lucky winners claiming their share of the 100,000 XCV token prize pool, there is no reason to miss this rare opportunity. Diversifying one’s cryptocurrency portfolio is always a smart idea, and obtaining tokens from an airdrop is a risk-free way of doing so.
The NFT lending solutions of XCarinval
In the blockchain world, it is essential to find ways to empower millions – and eventually, billions – of people conveniently. Cryptocurrencies are not necessarily convenient enough, yet there are some other efforts to pay attention to. Non-Fungible Tokens, or NFTs, have created a sudden demand for blockchain-based assets that were not present before. As everyone can tokenize anything they want and turn it into a globally tradeable asset, there are many opportunities for users who wish to experiment.
However, the current NFT markets do suffer from significant liquidity problems, while price discoveries are also considered a challenge for the space.
The solutions that XCarnival provides might make a huge difference – with its unique design of peer-to-peer, users could pledge and borrow NFTs, be it digital arts, collectibles or even financial NFTs, on the platform. In this way, liquidity is expected to increase drastically, the issues of pricing of NFTs will be solved as well, as they are decided by the buyers and pledgers.
The XCarnival ecosystem spans multiple solutions to empower users who want to leverage these new concepts and technologies. Its XBroker feature lets users pledge and borrow NFTs without intermediaries. A viable approach, as it creates more overall liquidity and facilitates price discovery.
Speaking of facilitating, there are other functions（XArena & XAdaptor ) for users to leverage existing templates to create their synthetic assets. These functions are going to live next quarter according to the roadmap. Bringing real-world liquidity into the blockchain and DeFi ecosystem is essential, as it enables more people to access financial products and services. Forward-thinking can be the key to success in taking blockchain and cryptocurrency mainstream.
There is a lot to explore where NFTs are involved. Tokenizing anything and everything will allow more people to explore the many opportunities in decentralized finance today. Moreover, with the necessary infrastructure to leverage these tokenized assets, there is room for building more complex and globally accessible solutions, either about finance or otherwise. No stone can be left unturned in this innovative industry.
Moreover, the use of airdrops remains an underappreciated form of marketing for established cryptocurrency and blockchain projects and infrastructure providers. It is always worthwhile to keep growing a community. Whether that is through financial incentives or otherwise is a team’s personal decision, but every option is worth exploring.
To know more about XCarnival, please follow its official channels:
Website :- https://xcarnival.fi/
Twitter :- https://mobile.twitter.com/XCarnival_Lab
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.