The goal of XCarnival - to create a financial infrastructure for MetaVerse, designed to provide liquidity solutions for MetaVerse assets.
Description of the XCarnival exchange
The platform offers a unique solution for non-fungible tokens (NFTs) and crypto assets. Especially those, focused on Metaverse offerings.
XCarnival mainly consists of two products:
| 1. | XBroker. |
| 2. | Megabox. |
These products form a symbiotic relationship where unique assets can be placed as collateral in exchange for the XCarnival USDxc stablecoin. These products bring new utility to NFTs and tokens that are often denied collateral on other lending platforms.
XBroker, powered by XCarnival, — an innovative peer-to-peer platform. Designed to provide a seamless user experience, XBroker highlights a promising time-limited auction liquidation mechanism to address the price and liquidity issues, which are facing NFTs.
The XBroker platform is divided into three distinct user roles:
- borrower;
- creditor;
- liquidator.
To start borrowing, users need to visit the XCarnival Genesis Mystery Box page and purchase the Mystery Box. Both borrowers and lenders will be able to mine $XCV by participating in the loan agreement. This is an exciting way to raise additional capital.
About the Megabox function
Megabox allows users to deposit assets and receive the corresponding amount in USDxc to use on XBroker. Megabox's primary focus - to provide utility tokens with additional utility for lending and liquidation purposes. Megabox offers mortgage pool staking models and risk control mechanisms to increase the profit share of altcoins.
Users can simply visit the Megabox dashboard to check this data. Megabox users can use their USDxc to provide loan services to borrowers on XBroker. They can also participate in liquidation by searching for liquidated assets and choosing the amount they want to clear.