The crypto market fluctuates in a hypnotizing lull. However, everyone is excited for the holiday season. New Year’s and Christmas are fast approaching, marking the end of an already busy year. However, some may be feeling stifled by the uncertain global economic landscape.
Globally, inflation will reach 8.8% in 2022. according to The holiday season can be overwhelming due to rising prices and the International Monetary Fund. XGo, an ambitious project, is trying to stabilize the market by incorporating new-gen concepts and bringing together web2 and Web3 in a more cohesive way.
Web3 is available for all, but it’s not yet available for everyone.
Web3 is aiming to make a significant change by allowing a decentralized financial system to blossom and be accessible to everyone around the globe. Today, traditional banking is not widely available in certain parts of the world. This leaves over 1 billion people without access to financial services. according to The latest Global Findex Database research. Global adoption of web3 will allow the unbanked easier and more secure access for financial instruments.
Web3 will also allow traditional bankers to have a more fair and secure financial system. Web3 will allow users to pay their bills in cryptocurrency and to purchase goods and services using their digital assets, without the need for a middleman.
Although web3 might sound like the perfect solution for you, the global financial industry still has to catch up with the technology in order to be widely adopted. Projects like XGo make a real difference.
XGo announces web2.5
XGo By introducing the revolutionary web2.5 concept, it positions itself as the bridge between Web2 and Web3. At the moment, web2 dominates the web, while web3 is accessible only to those who take the time to learn and practice it. Web3 is still not available in all countries.
XGo’s web2.5 concept will grant users access to a decentralized economy without the need to invest time in figuring out how it all works. The company designed a blockchain-based access wallet to be used both as a savings account as well as as a method to conduct transactions across many blockchains.
Web2.5’s onboarding process has been simplified. Users who are not familiar with crypto can also benefit from it. Ultimately, XGo aims to bring decentralized financing to the unbanked as well as the banked. Additionally, the XGo’s Superfluid Staking mechanism allows traders to benefit from passive income mechanics with the push of a button.
According to the XGo team, the company’s main mission is to “accelerate the shift to a decentralized economy and make the world a better place through sovereign empowerment.”
XGo is also keen to spread the word on web2.5 and add some festive cheer. Continue reading to learn more about the upcoming Cointelegraph giveaway and XGo.
All you need to know about Cointelegraph’s festive giveaway and XGo
Cointelegraph teamed up with XGo to offer the crypto community festive giveaways. The giveaway will be open from November 21 to the week before Christmas, and ends on December 19.
You will need to become active on the XGo platform in order to be eligible for the weekly draw. Follow the XGo account on Twitter to engage with them @XGo_Official. Make a $10 deposit in any crypto currency you wish, and then turn on Superfluid Staking. Your trading setup can be shared on the official giveaway threadYou will be entered into the draw by entering your email address.
Every week, one lucky winner will be emailed $1000 USDC directly to their xGo account. The event has a $6000 total prize pool. What better way to celebrate the holidays than to venture into web2.5?
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