Unveiling Project-X. Some of our community members probably know that we tend to strive for strategy and long-term vision.
29 Jan 2022, 17:00
Unveiling Project-X
Some of our community members probably know that we tend to strive for strategy and long-term vision.
Continuously questioning what is the next ultimate step that comes as a continuation of everything that has been accumulated so far. What will solidify the effort and will bring a network effect?
In this context, I believe the HYDRA ecosystem has matured enough as infrastructure and community size to make the next important step. We are reaching an inflection point in terms of usability and this mandates new needs and unlocks new opportunities.
Let's get straight to the point.
What is [Project-X] all about? A one-stop-shop that short circuits DeFI, Staking, and Banking with an ultra-friendly user experience.
Features Highlight
- Mobile-First Experience App → with a focus on ease of use and intuitive design. Unlocking the best of DeFI without the hurdles of conventional exchanges.
- Pioneering among the world's first Leveraged Staking Product -> Designed specifically for POS assets in order to magnify the APR impact and enable POS assets as collateral while staking uninterruptedly.
- Flexible Staking Pools → One-click access to staking HYDRA as well as other POS assets
- Fiat-to-Crypto trading → Via virtual pairs through the use of existing liquidity in DeFi and CeFi
- Crypto-to-Crypto Trading → Through the utilization of DeFi and existing liquidity
- Open Stablecoins Lending Market → For an attractive APR
- Savings "Earn" Product → Enabling fixed APR for stablecoins
- Universal Crypto Visa Card → Allowing instant access to HYDRA and other funds without interrupting staking. You can access your funds, while they are working for you in the DeFI ecosystem.
- Personal IBANS for SEPA Banking → Obtaining Electronic Money Institution (EMI) license for EUR banking capability
- NFT Wallet → hold securely and transfer your purchased NFTs with the click of a button
A project that reinforces everything that has been done so far in our journey. It also provides strategic products for potential future HYDRA project.
Why? Because it enables HYDRA and its economy for the masses. For the non-crypto. It eliminates the "Where can I buy? / How can I stake? / How to store ?" questions. The goal is to trivialize and make them into a single-click experience on your mobile devices.
In addition, our team has teamed up with the core team of Project-x to be among the first in the world to develop a "Leveraged Staking" product. A unique approach of facilitating leveraged margin position for long-term staking. A particular feature that on its own could boost HYDRA APR by a factor of up to +90%. Paying USDT margin fee and doing arbitrage with the protocol high APR. Working with Martin Kuvandzhiev (CTO of Project-X and lead developer behind Bitcoin Gold) to make this product a reality will be a top priority.
It's apparent the project Stands strong and could play a central in our ecosystem, but it does not stop there.
The appeal and ingenuity of products such as Leveraged Staking make it a very attractive partner for all POS assets that have an inflationary economy. Especially ones with relatively high inflation. CAKE, BNT, SUSHI...everyone could benefit from leveraged staking.
This strategic positioning means that it will have an HRC20 core token with the capability to attract community and blockchain capital from external projects who want to take advantage of these products.
Our team not only actively works on the design and strategy but also was trusted in the architecture of the crowdfunding and token economy. I am sure you will be pleasantly surprised by the upcoming ICO and its design.
Make sure to read the Medium Post by clicking here ->https://blog.locktrip.com/unveiling-project-x-leveraged-staking-defi-fiat-trading-visa-card-for-hydra-ecosystem-b9bfdf872de5
Also here's a quick link to the whitepaper ->
Make sure to place a vote for choosing the brand: