BUSDX, a Binance Smart Chain-based staking and rewards token, is introducing XFuel, a centralized exchange token. The BUSDX product ecosystem will be powered by the XFuel token.
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Need for XFuel
The BUSDX native token has a hefty 18% buy tax and a 19% sell tax. These taxes serve to offer liquidity and also play an important role in providing holders with pure passive income. These high taxes perform exceptionally well on Decentralized Exchanges, hence we intend to maintain the BUSDX token completely decentralized. As a result, BUSDX has developed a low-tax XFUEL token built exclusively for Centralized Exchanges. The XFUEL token is also created on the BNB Chain.
XFuel – A Token Fueling the BUSDX Ecosystem
XFUELÂ is the BUSDX centralized exchange token that fuels the BUSBT product ecosystem. The income generated by Centralized Exchanges will be used to power the BUSDX Ecosystem. These funds will be used to purchase the native BUSDX token in order to keep the staking pool supply sustainable. This will cause the price of BUSDX to rise, while simultaneously giving more passive income to BUSD investors. The XFUEL income will also be used to BURN some of the existing BUSDX supply. The BUSDX token will become increasingly rare as a result of this deflationary process. In addition, the XFUEL token will be employed as an additional payment method for Xpay.
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Major features of the XFUEL token indlude:
- CEX Token
- BUSDX Token Buy Back
- XPAY Currency
- Exposure for BUSDX Ecosystem
Currently, the XFUEL token is in the IDO state (Private Round). The private sale commenced on June 04, 2022, at 11:00 UTC, and will be live till June 23, 2022, 11:00 UTC. The token is expected to have a presale and launch on PancakeSwap in July, once the private sale has been completed.
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