Should cults and movements apply only to meme coins in crypto? — NO
The moment I saw this image, the first thing that came to mind was to build a movement around a meme on Asset Chain but then it hit me that movements aren’t meant only for memes and that most memes try to add some utility to give more meaning to their movement.
The Asset Chain blockchain was built by Xend Finance which is backed by Binance Labs now YziLabs, Google Launchpad, Hashkey Capital, Onega Ventures and other VCs.
Xend Finance has its token $RWA ( or $XRWA on some exchanges ) and has checked all the boxes to become a movement with :
- Over 4 years in the market ( Since March 2021 )
- Real product being used by almost 200,000 users for about 6 years.
- Real people with real faces as team members and backers
The token was initially plagued by short-term thinking VCs that sold all their holdings immediately unlocks happened. Only the VCs mentioned above showed support for years with long term vision and I appreciate them every single time.
Now, this token currently sits at an All-Time-Low ( ATL ), it is primed to become a movement.
Our goal is simple, make $RWA ( $XRWA ) a Utility Token with a Movement ( Meme-Like Cult ). Let the community take over and let the team focus on what it does best, building .
Key Points:
1. Token Distribution: All 200m tokens are unlocked and there will never be any extra minted. The remaining investors such as Binance Labs and Mapleblock capital have 10% and 15.5% respectively as highest holding investors. Diamond hands have been established by these investors. Mapleblock kept buying and staking when sell offs happened by other VCs. Team holdings were never sold which is 14% of total supply. We made buybacks between 2021 and now . Ecosystem development tokens were preserved and are all in a multi-sig wallet as seen publicly onchain on the holders list.
2. Exchanges: Xend is already listed on Gate, CoinEX, Uniswap( Arbitrum One )and Asset Chain DEX.
3. Product: The Xend platform is made up of mobile apps ( android / iOS ), web app , Telegram mini app, Xend Bridge ( P2P Network ) , Switch Wallet ( Wallet Infrastructure for businesses ) and MAD Wallet ( Wallet Extension ) .There are about 200,000 users with about 1,000 daily users. Asset Chain ( The first public L1 EVM blockchain from Africa ) was also developed by the team. Xend has tokenized the Nigerian money market and users can earn 20.25% in stable coin yield. Users can also invest in tokenized real estate and stock powered by Rise. A brand new app with improved UI/UX for android/ios and web will be live in Q4 2025 and is properly designed from scratch for global use, supporting multiple fiat currencies, bank accounts, virtual and physical cards. Advanced trading features will also be integrated into this new app.
4. Utility: $RWA gives fee discount on Xend products and will be used for gas fees on Asset Chain ( post TGE )
5. Direction : Build a movement around the Xend project and its token. Every member of the movement has been presented with an equal playing field which is an ATL. The direction is going from the ATL to ATH.
6. Market Makers for the Xend are one of the best in the world, Acheron Trading, properly regulated and structured to prevent illegal/wash trades and ensuring we maintain legal practices. This also helps with future exchange listings
7. Auditors: Certik, Omniscia, Vidma, Immunefi.
I will be hosting and joining spaces regularly to engage the Xend community and by extension the Asset Chain community.
Finally, I would like to thank our amazing team, investors and community that have been with us for over 6 years. It is time to build a movement. There will be troubles but we will OVERCOME.
Fun Fact: Xend was the first crypto company to get the $RWA ticker.
Image Credit: Murad
CA : 0x3096e7bfd0878cc65be71f8899bc4cfb57187ba3
In God We Trust.
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