Introduction XRD and Tokenomic
Token Symbol: XRD
Chain: Solana
Max Supply: 20.000.000 XRD
XRD Contract Address:
Under Deployment into the Solana network
XRD is the primary governance token of the Xride project, playing a crucial role within its ecosystem. we plan to develop our smart contracts on Solana, the fastest blockchain in the world So that users can benefit from the great scalability of 50000 TPS and very small gas fees in transactions, XRD is strategically designed to empower the entire Xride ecosystem.
The Xride DeFi ecosystem offers various services and products, enabling users to engage in a decentralized financial system and earn rewards. Operating on the Solana provides advantages such as fast transaction processing and lower costs, ensuring accessibility for a diverse user base.
Here are some of the key use cases for XRD:
Paying Trip Fares (Optional): Users can use XRD to cover trip fares, offering an alternative payment method within the Xride app.
Buying Project NFTs: XRD tokens can be utilized to purchase unique NFTs available within the Xride ecosystem.
Paying for NFT Level Updates: Users can upgrade their NFTs to higher levels using XRD tokens.
NFT Maintenance Fees: XRD tokens can cover maintenance fees associated with NFTs.
Becoming a DAO Member: XRD holders have the opportunity to become part of the decentralized autonomous organization (DAO) of the Xride project, participating in decision-making processes.
Staking for Loyalty Reward Pool: Users can stake XRD tokens to earn additional XRD tokens from the loyalty reward pool.
Collateral for Loans: XRD tokens can be used as collateral to secure loans from the Xride DeFi Bank.
Purchasing Lottery Tickets: Users can use XRD tokens to buy tickets for participating in the project's lottery events.
VIP Membership: XRD tokens with mixed USDT can be used to purchase VIP memberships, unlocking premium features and benefits.
Trading Fees In NFT marketplace: XRD tokens can cover trading fees on the Xride NFT marketplace when trading their NFTs
Online Tournaments: XRD tokens can be used to acquire tickets for online tournaments organized within the Xride ecosystem.
Smart Insurance Services: Users can purchase smart insurance services using XRD tokens, providing coverage for specific scenarios.
Shopping: XRD tokens can be used to shop from the Xride online shop, offering a wide range of products.
XRD is a versatile utility token facilitating transactions, rewards, and engagement within the Xride ecosystem. Its integration with the Binance Smart Chain ensures efficiency and accessibility, enhancing the overall user experience and contributing to the project's growth.
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