X Ecosystem

X Network has pioneered the integration of its native algorithmic stablecoin as gas fees, marking a significant innovation in the Layer 2 (L2) landscape. This strategic move not only amplifies the utility of the algorithmic stablecoin but also positions X Network as the most accessible and user-centric L2 platform for cryptocurrency newcomers.

New users can seamlessly experience X Network without incurring gas fees, using an Externally Owned Account (EOA) wallet, thus bypassing the complexity associated with an Account Abstraction (AA) wallet. This innovative approach preserves the intrinsic value of xUSD, as X Network's subsidization mechanism is designed to generate organic revenue streams for the entire L2 ecosystem. Furthermore, X Network ensures robust xUSD liquidity through meticulous official mint and burn operations, bolstering the stability and sustainability of the platform.

In essence, X Network's adoption of its algorithmic stablecoin as gas not only democratizes access to decentralized finance but also underscores its commitment to fostering an inclusive and sustainable environment and thus make X Network to be the most friendly blockchain for Crypto Newbies.

X will support a robust ecosystem of applications and partners, ranging from DeFi primitives to real-world use cases such as institutions requiring faster, more efficient modes of cross-border settlement through xUSD.

By combining the transparency, security, and efficiency of blockchain technology with the accessibility and regulatory compliance of traditional finance, X seeks to address the financial challenges faced by emerging markets, offering a comprehensive and innovative financial solution.

Last updated