As decentralized finance continues to evolve, the xWIN project can confidently put forward the vision of technology innovation beyond traditional funds.
2020 was an extraordinary year. Due to the impact of Covid-19, the world is facing disrupted transformation and digitalization, and many companies are accelerating their reform and transformation. This is especially true in the digital asset world.
The total value of DeFi exceeded US$10 billion for the first time, which is equivalent to 2.5 times the total value of DeFi in 2019, with a year-on-year growth rate of 1410%. The surging decentralized exchanges are in the top four this year. The monthly trading volume is close to its full-year 2019 trading volume.
Since PayPal, JPMorgan, MicroStrategy and other large companies entered the digital currency field, one of the world’s richest man Elon Musk also supported Bitcoin. Tesla’s purchase of $1.5 billion worth of Bitcoin will strengthen people’s confidence in the digital currency industry and the future. The rise of DeFi (decentralized finance) and DEX (decentralized exchange) directly changed the competitive landscape of mainstream digital currency exchanges. At the same time, the emergence of DeFi projects like the xWIN asset management platform also brings great transformational challenges and competition to traditional asset management companies and fund management companies. Not only is it limited to the transformational challenges within the industry, but it also provides investors with safer, free, and globalized choices.
Looking at the long-term, the term DeFi (decentralized finance) has become a hot spot, and centralized capital asset management or centralized fund management has to actively seek innovation. In DeFi, fund management does not require an investment manager. We can choose the asset management strategy that best suits our financial needs. Decentralized fund management also reduces service fees. Next, by introducing the xWIN platform, we will learn more about how fund management operates in a decentralized world.
What Is xWin? DeFi Digital Asset Management Platform in Binance Smart Chain
xWIN is created by Calvin Thong [bachelor’s degree in computer science and a master’s degree in applied finance from Macquarie University]. Prior to this, he worked as a portfolio manager of ETFs and index funds at BlackRock and initiated a digital asset management platform built using Binance Smart Chain. It helps investors easily invest in funds similar to ETFs, easily hold token shares in various liquidity pools and gains returns. The platform is currently in the beta version and will connect investors with the best fund strategies provided by professionals. All investors need Binance Token (BNB) to easily enter the DeFi trading pool for fund selection or free trading.
Purpose of xWIN
On xWin, professional traders can apply for their own digital fund portfolio, which is equivalent to opening a new decentralized digital fund. The details of all digital fund portfolios, where the funds subscription and redemption, and performance information are transparent. Individual investors can choose their favorite digital vault based on the above information. After subscribing to the vault, they can easily enjoy the free ride of other’s professional knowledge and wealth management skills. It means, the profit and loss status of the investor’s investment funds completely follows the investment transaction logic and performance of the fund portfolio selected by the investor. The platform supports the creation and redemption of major markets by using token distribution, where all funds on xWin are automatically distributed to fund units in real time as tokens to investors.
Features of xWin
xWin feature include sector indices vault, which provides users with exposure to DeFi, or can be added to various investment portfolios to achieve diversified sector-specific token pools. In the trading vault, people can subscribe to the vault using various trading strategies (technical analysis or fundamental analysis). The liquidity pool vault automates the farming process into a single click. It can help investors (also known as farmers) put their tokens into Pancakeswap’s liquidity pool and use LP tokens for farming to gain returns. And because of the fund’s own automation capabilities, as an investor, you do not need to worry about increasing and decreasing liquidity or the cultivation process, because everything is automated. Finally, the xWin tokens (XWIN) you get can be traded on DEX (Decentralized Exchange).
To make the platform provide diversified functions; it integrates two main decentralized protocols. These include the Band protocol, which provides a decentralized price feed oracle. xWin is integrated with the on-chain price feed on the protocol, and the total fund value is calculated based on the unit price of the token. The protocol always includes price slippage during the swapping to avoid unfair and outrageous price differences during trading.
Diversified Functions and Choices
Investors can further increase the returns on investment by farming selected tokens issued by the xWin token into XWIN farm to earn more XWIN tokens. Investors who subscribe to any of xWin vault will be rewarded. These rewards are accumulated over time. By default, if you deposit 1 BNB into the vault, you can earn 1 XWIN.
Similarly, there are rewards for those who joined the games early; if you subscribe to the fund within the first six months of launch, you will receive a reward that is 5 times higher than others. Over time, the reward will be reduced by half every six months. The overall reward limit is 60 million XWIN tokens.
At present, the DeFi market is immature. It is understood that xWIN has cooperated with Yokohama Kitanakadori Law Firm in order to comply with relevant Japanese laws and compliance issues, and invited legal counsel. Fumihiro Arasawa in the founding team of xWIN worked as a business consulting expert between Japan and Vietnam in a major Japanese company. xWin’s advisory team includes Professor Kiyichiro Yonekura, who specializes in business history. Mariya Ebirayim, global market consultant, has more than 8 years of experience in the financial technology investment industry, and more than 5 years of experience in the field of public relations, with a fo