XDC Token UtilityAt its core,
XDC is the native fuel of The XDC Network. It is like ETH on Ethereum. XDC acts as a staking mechanism to run validator masternodes. XDC powers all applications deployed on the network and acts as a utility settlement token for those apps. XDC is the basic fuel for smart contracts, applications, payment confirmations.
For example, many applications, including
BlockDegree, use payment in the XDC token to store immutable educational exam certificates with their identity on the networkwhile providing actual storage on IPFS. The
TradeFinex protocol uses XDC tokens to record smart contract payment obligations. It covers risk and acts as collateral for tokenized invoices or other instruments related to international trade finance. XDC is used as a utility settlement token for any contract deployed through
MyContract and is also used for contract creation fees.
Beyond this, many Ethereum-based applications can deploy their smart contracts on The XDC Network as a part of their multi-chain strategy. All those contracts would use XDC as the native fuel. XDC utility page.
About XinFinXinFin Network, an enterprise-ready hybrid Blockchain Network optimized for international trade and finance. The XinFin network is powered by the native coin called XDC. The XDC protocol is designed to support smart contracts,near-zero GAS fees, 2,000 transactions per second (tps), 2 seconds transaction time, KYC to Masternodes (Validator Nodes) more to provide a powerful platform for both enterprise and retail use cases. 95%+ Network Nodes run by the Community members makes the Network fully Decentralized. XinFin Network is a partner of the R3 Corda Network, building a bridge with the Corda ecosystem. Similarly, launching Ethereum network bridge enables creating all Ethereum based wrapped assets. Wrapped token assets are minted 1:1 with an actual peg to the asset. This feature enables leveraging the Ethereum network effect and leverage benefits of the XDC network like near-zero fees and instant transaction time.
Where can you buy XDC?XDC is now available for instant purchase via trading or Quick Exchange where Visa cards are accepted globally. Currently,
available trading pairs are XDC/BTC, XDC/USDT, XDC/SGD.
Learn more about XinFin via
https://xinfin.org/.
Read the original article: https://blog.liquid.com/buy-xdc-on-liquid-exchange