XSwap (XSP) is the native cryptocurrency of the XSwap platform, a decentralised exchange (DEX) and DeFi ecosystem built to enable permissionless trading, liquidity provision, and yield generation. Designed to eliminate centralised intermediaries, XSwap empowers users to trade crypto assets, stake tokens, and farm rewards across multiple EVM-compatible blockchain networks. The platform aims to simplify access to decentralised finance while ensuring security, transparency, and scalability for everyday users and developers.
XSwap operates on EVM-compatible blockchains using an Automated Market Maker (AMM) model powered by smart contracts. It supports decentralised token swaps, liquidity pools, and DeFi functionalities such as staking and farming. The network employs a hybrid consensus approach, combining Proof-of-Stake (PoS) for validator participation and Proof-of-Authority (PoA) for faster, permissioned block validation in certain instances. XSwap also integrates an automated token burn mechanism to manage supply and maintain ecosystem health, with all operations governed by transparent smart contracts.
XSwap supports a wide range of use cases within the decentralised finance (DeFi) space. These include cross-chain and on-chain token swaps, staking XSP tokens for network rewards, and yield farming using liquidity pool tokens for passive income generation. Developers can also build decentralised applications (dApps) on top of XSwap’s liquidity infrastructure. The platform is particularly suited for DeFi users seeking flexible, multi-chain trading and earning opportunities without relying on centralised services.