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The project offers a unique liquidity solution for NFTs and long-tail crypto assets, and has garnered significant attention after their recent launch.
XCarnival officially launched their platform on October 18th. XCarnival offers a unique solution for Non-Fungible Token (NFT) and long-tail crypto assets, particularly those centered in Metaverse offerings. The platform is centered around offering lending services where “anything is collateral”, according to the team.
XCarnival is primarily made up of two products, XBroker and Megabox. These products form a symbiotic relationship where unique assets are able to be placed as collateral in exchange for the XCarnival stablecoin USDxc. The products give new utility to NFTs and tokens that are often denied as collateral on other lending platforms.
$XCV (the XCarnival BEP-20 native token) has been listed on CoinMarketCap, landing on their front page due to the hype surrounding the release.
