The XDC crypto token, also known as XinFin Digital Contract (XDC), serves several important functions within the XinFin Network ecosystem. Here are three main points highlighting the use of the XDC crypto token:

• Utility for Network Transactions: The XDC crypto token is primarily used as a utility for conducting transactions and accessing various services on the XinFin Network. Just like other cryptocurrencies, XDC facilitates secure and efficient peer-to-peer transactions, enabling users to send and receive funds globally. The token acts as a medium of exchange within the network, allowing participants to utilize XinFin's services, such as remittances, payments, and trade finance.
• Staking and Governance: XDC tokens play a crucial role in the governance and consensus mechanism of the XinFin Network. Token holders can stake their XDC to become validators or delegators, thereby participating in the network's proof-of-stake-based consensus protocol. By staking their tokens, users contribute to network security and receive rewards in the form of additional XDC tokens. Moreover, XDC token holders also have the ability to vote on important protocol upgrades and community proposals, influencing the future direction of the XinFin Network.
• Bridging Traditional Finance with Blockchain: One of the unique features of the XDC crypto token is its integration with traditional finance through the XinFin Hybrid Blockchain. The XinFin Network aims to bridge the gap between traditional financial systems and decentralized networks by offering solutions for trade and finance across industries. XDC acts as a bridge currency, facilitating seamless cross-border transactions, trade settlements, and smart contract-based financing for enterprises. By leveraging XDC, businesses can access decentralized financial tools and benefit from improved efficiency, transparency, and cost-effectiveness.

In summary, the XDC crypto token is used for network transactions, staking and governance, and bridging traditional finance with blockchain on the XinFin Network. Its utility extends beyond simple payments, enabling users to participate in network consensus, influence decision-making, and tap into the benefits of decentralized finance.

• Make a huge purchase and continue holding – The crypto loan allows you to enjoy the value of the invested fiat money while inflation permanently decreases it. Today the same amount values more than tomorrow. Therefore, when you take out a crypto loan against XDC, you keep all your XDC assets but gain extra funds to spend today, as we all know that tomorrow your wishes will be more expensive. 😉
• Tax optimization – Some countries require you to pay up to 40% on your crypto investment profits. There is no direct profit in a loan transaction. So you can take a loan and maximize your tax efficiency without worrying about taxes.
• Technique for managing risks – Rather than holding XDC tokens and risking the unpredictable fluctuations of the crypto markets, crypto investors now have the opportunity to utilize their investments as collateral for a XDC loan. They can access funds while their assets remain secure, allowing them to manage their risks. In this way, they can benefit from the lower interest rates of crypto loans while protecting themselves from potential losses from market volatility at the same time.

XDC lending is a service that issues loans with XDC cryptocurrency collateral for a yearly interest. The interest can vary from 17% up to 19% and more. There is no credit history and no credit checks — the only way you prove your credibility is the collateral you’re ready to provide. It will be temporarily stored in a lending service making sure you will repay your XDC loan.

Usually, getting an instant XDC loan takes no longer than 10 minutes. Since there are no credit checks, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your XDC transaction.

The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.