Exip Token- A all-in-one Decentralized Exchange built BlockChain for boosting investment

soundbeat10 (29)in #exiptoken • 3 years ago

Exip Token is the topic of this article. An all-in-one Defi platform built on Blockchain. EXIP is designed to decentralise the internet and overcome monopolistic control over domain names and Top-level domains. The EXIP project was created by international teams and partners who are professionals in blockchain technology, cybersecurity, and the Fintech business. Shashi, the creator and CEO of Mobiglotech Blockchain Corporation, and Sharmilan, the CEO of Niftron (blockchain as a service), which received the best newcomer award at the SAARC startup global awards, lead the team. Before knowing about Exip Token, let me tell you about fintech.

Fintech (financial technology)

Fintech (financial technology) is an economic industry made up of companies that employ technology to improve the efficiency of financial services. The term "fintech" has been described as "computer programs and other technologies used to support or enable banking and financial services" by the Oxford dictionary. “Financial technology, commonly known as FinTech, is a line of business based on leveraging software to deliver financial services,” according to Wikipedia. Financial technology startups are typically launched with the goal of upsetting established financial systems and firms that rely less on software.”

The EXIP browser and extension

Users will be able to access blockchain-based DNS technologies that adhere to the zero-knowledge approach via the EXIP browser and extension. To access DNS-created domains, you can use a browser plugin, a dedicated browser, or a decentralized DNS server. The browser plugin allows users to explore decentralized EXIP domains. The extensions can be added to users' current browsers. To visit decentralized domains, users must either install the EXIP browser or add the EXIP browser extension to their existing browser. A bridge will also support traditional domains.

Problems that in normally faced in the general market

● When relating to companies (producers) and Consumers (end users) relationships, the end-users hardly feel like they belong, as a result of their loyalty not being rewarded and most often are not considered during decision making.

● In the event that the blockchain that has a DeFi project is flimsy, the undertaking unexpectedly acquires this unsteadiness from the host blockchain.

● Exchange is amazingly costly on the occasion of blockage.

● Savvy contract weakness is a significant cause of issues for some DeFi projects. In the event that there is the smallest defect in the code of a savvy contract, it can prompt loss of assets.

● Transactions take a long time to be confirmed

Exip Tokens Solution with DNS

Traditional DNS servers are managed and controlled by a single entity (ICANN), whereas Exip DNS servers are owned and maintained by the general public. Anyone who has the Exip node running software package installed on their computer can run their nodes. The Exip DNS system allows ordinary users to purchase, reserve, sell, auction, and transfer domains and top-level domains identified by NFTs issued by users across several blockchains. Exip tokens are given to users who run nodes. Exip avoids traditional DNS server attacks and hacking in terms of security because a single-point attack on a decentralized server would fail. The community will host DNS servers as nodes, which will act as regular DNS servers and manage decentralized domain names locally or in the cloud. When a user inputs a domain name into the search box, the code checks the Exip DNS resolvers first, then the standard DNS server if that fails.

Exip Token

Exip token is definitely an agnostic use in addition to governance token which will debut on the particular Binance blockchain very first. Token holders will certainly be staked whenever domains and top-level domains are purchased in addition to auctioned, and Exip tokens will be used to be able to buy, sell, and auction domains. When the community believes a domain or TLD must not exist, token holders have the right to control or even abolish it.

Token Economy

For any given period, the total number of tokens distributed will be 2,100,000. 2.1 million Exip tokens will be produced in the BSC (Binance Smart Chain) and listed on exchanges at first. 2.1 million Exip tokens based on Ethereum and stellar are produced and locked in the pool wallet at the same time. The Ethereum-based Exip Tokens will be offered in the market after the Exip reaches 1.1+M tokens in the sale. When a user wants to convert their Tokens, they can go to the Exip pool wallet, prove their ownership, and then convert and transfer the tokens to their wallets. The remaining tokens will be returned to the pool. At each point in time, the supply and price of each chain token will be the same. Even if the community wants Exip to produce any tokens in any blockchain in the future, the community can vote on it.

Exip Token intends to provide a secure cryptocurrency service for investors. It has established a decentralized digital one-stop-shop marketplace economy with consistent economic growth. Creating value in the actual world. Until I was introduced to this new platform, I had seen and tried a variety of platforms. So doesn’t it sound interesting and trustworthy? This will provide you with all of the one-of-a-kind experiences and comfort you desire.