XCarnival (XCV) is an asset liquidity aggregator and a unique value proposition that seeks to offer innovative liquidity solutions for diversified categories of NFTs, altcoins, and long-tail crypto assets, which have limited liquidity. As a result, the token aims to eliminate all of the liquidity difficulties that some of these general unstable assets have and grant them the status of collateral assets. The goal of XCarnival is to provide long-term solutions to the current liquidity issues. It seeks to offer a completely adaptable solution that meets all the needs of Metaverse. Metaverse is a virtual 3D space created by combining numerous technologies such as virtual reality, augmented reality, and video creation. XCarnival seeks to educate its users to adopt the NFT lending approaches with mining rewards.
Furthermore, XCarnival can synthesize (mirror) all real-world assets into the DeFi ecosystem regardless of their existence in financial markets. Owing to this, XCarnival constantly aims to bring real-world liquidity to the DeFi ecosystem. XCarnival aims to be the first platform to provide consumers the option of pledging and lending NFTs.It is also developed to strengthen the ongoing NFT and gamification revolution.
As per the whitepaper of XCarnival, the token operates on the protocols of XBroke and Megabox, virtual auction clearing, and liquidity solving mechanisms that support the pledgers and lenders to find each other. In addition, XCarnival intends to benefit users by adapting the protocol of reward distribution.
XCV token is the governance token of XCarnival. The token can be used to participate in games and create financial products at XCarnival. Additionally, all the platform products can be used to lend for any category of NFTs.
