Time to DApps | xNation and FlashLoans

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Written by Oteme Eghele

Hi guys and welcome to another edition of Time to Dapps, a weekly writeup where we look into some of the trending Dapps and also steps on how to get started with them via TokenPocket.

The crypto market took a good hike recently with bitcoin trading above 9k and alt-coin followed suit as well, an example of such altcoin was EOS alongside some of its tokens which brought a good profit for those who sold, which brings about our today post.

Today’s post will be focused on instant exchanges that allows you to instantly trade tokens.

Coming up first on the list today is XNation

xNation

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Launched by EOS Nation in partnership with BNT is xNation, it is an instant exchange platform where EOS users trade EOS tokens, liquidity pool can be created and funded by users themselves and a certain percentage is reversed back to the funders.

Reasons why to use xNation?

It generates an additional source of income from tokens deposits.

Increases the liquidity of the tokens present

It attracts more trade volume, therefore more fees from trading

Gives greater flexibility to the community in trading tokens

You can read more about this here https://www.eosgo.io/news/xnation-released-new-defi-on-eos

  • Download TokenPocket https://www.tokenpocket.pro/
  • Create or import an EOS account via the various methods available
  • Click on discover from the asset page
  • Navigate to the new Dapp section
  • Click on XNation and log in, scroll down and click on log in with TokenPocket
  • If successful, your EOS account will be displayed.

FlashLoans

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Decentralized Finance platforms are probably one of the main use cases of the Blockchain, with the help of smart contract, the Blockchain automatically calculates and come up with the right pattern on which to follow when a rule is set in place. This as overtime created a trust in the Blockchain and probably the main reason while individuals are not afraid to lend out tokens.

With FlashLoans, users don’t have to set collateral in place before loans are granted to them, in other words, you can borrow EOS without collateral and payback with a single transaction at a near-zero fee.

With arbitrage trading becoming a new thing, FlashLoans is the solution when you need to take out a profit but low on the asset.

How to get started on TokenPocket

  • Download TokenPocket https://www.tokenpocket.pro/
  • Create or import an EOS account via the various methods available
  • Click on discover from the asset page
  • Navigate to the new Dapp section
  • Click on FlashLoans and log in

The daily APR changes each day

Disclaimer: This is for educational and entertainment purposes, individuals are always advised to do their own research before investing in any digital or offline platform.

This is it for today, stay safe out there.

Written by

A leading multi-blockchain wallet based on #EOS #BTC #ETH #TRON #IOST, and etc. Play dapps, trading coins and financing in https://www.tokenpocket.pro

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