Have you heard the fantastic news yet? XinFin is now available in LUMI. What are the main advantages of the new currency? We will now tell you more about it.
XinFin is a Singapore-based blockchain technology company dedicated to improving business process efficiency and implementing blockchain solutions for international trade and finance. XinFin developed a commercial hybrid blockchain architecture. The very idea of XinFin development was born in the first quarter of 2017. And by the second quarter of 2017, the XinFin network had already appeared. The company positions itself as an Enterprise-Ready Hybrid Blockchain For Global Trade and Finance.
How does it work?
eXchange inFinite (XinFin), is a delegated Proof-of-Stake consensus network (XDPoS), enabling hybrid relay bridges, instant block finality, and interoperability with ISO20022 messaging standards, making XinFin’s Hybrid Architecture developer friendly.
A little difficult? It’s easier now. Individuals, institutions, and governments are looking for modern solutions to old problems. XinFin’s mission is to match real world projects with blockchain-based smart contracts, allowing decentralized and centralized trade, as well as peer-to-peer transactions.
Also, the Interoperable Blockchain Network for Global Trade & Finance, which enables digitization, tokenization, and the instant settlement of trade transactions, increases efficiency and reduces reliance on complex FX infrastructures, allowing for increased flexibility in liquidity management for financial institutions.
What is Token XDC for?
The mainnet token XDC also creates an opportunity to utilize XinFin’s real-world use-cases, for example, it helps small and medium businesses and institutions originate their own financial requirements in a digital, fully structured manner, so that they can distribute it to the bank or non-bank funders themselves using a common distribution standard. The XDC token acts as a settlement mechanism for DApps built on the XinFin Hybrid Blockchain.
Now, you can store, send, and exchange XDC in LUMI Wallet. Repeat the following steps to navigate through our app.
Guide To create XDC wallet storage
- Open the Lumi Wallet app
- Find the “wallets” list
- Click “add wallets”
- Search XDC
- Click on the toggle switch opposite “XDC”
Guide To exchange XDC
- Open the Lumi Wallet app
- Tap the “exchange” button at the bottom of the screen
- In the first line, select the currency you are exchanging, in the second line, look for XDC
- When you are sure that everything is filled out correctly, click the “EXCHANGE” button.
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