If you own something
Dear Ms. ambitious minority retiree,
re:XERIES (XER). The Art Patron Token
How was the sermon this Sunday? How is retirement working for you? Have you been underperforming at Shaklee or Amway?
As a speculator are you perhaps intimidated by Wall Street cowboys? Here is an aesthetic flavor of investment that may suit both your sensibilities and ambitions.
Why you should consider X-sERIES Token (XER )as an investment:
Its dual purpose Opportunity to
2- Attain Status and Prestige as a recognized Art Patron
About Tokens:
There are two main classifications of tokens, security tokens like bitcoin, and utility tokens like NFTs. All tokens must have a stated purpose. Security tokens have a single purpose, to be currency or mediums of exchange. Various NFTs each has its unique purpose. For instance an NFT’s purpose could be to represent artwork or other collectible item; another could represent a voting ballot, another could represent a tenant’s rent payment, and so forth. Just like Bitcoin and Ethereum, X-series is a security token. But it is supported by underlying NFTs. The utility of Xer is proof of fractionalized contribution to sponsorship of a specific work of art. The main benefit of XER’s utility is that it removes the zero-sum nature of art patronage. A secondary benefit is that it has a dual role that allows for swapping between its utility role and the role as a security. This occurs via a swap exchange.
A convenient feature of XER to traders (asset buyers) is that they can be reassured of its underlying value in its role as a security because it is pegged to tangible artwork.
xDALE provides a blockchain-based platform that revolutionizes art patronage through NFTs (Non-Fungible Tokens). It introduces “Proof of Contribution” NFTs that reward holders based on the appreciation of funded artworks. User-minted NFTs bought with XERs, once locked,also grant access to private sales and discounts.
xDALE Founder Doug Crosdale, aims to democratize art funding and provide physical spaces for exhibitions, leveraging decentralized and transparent systems to enhance access to art projects. “We have created a dynamic and rewarding patronage system that benefits us and our patrons. This approach encourages engagement, provides financial incentives, and supports the acquisition and maintenance of valuable artwork. “, he said. “Our first mission is to pitch the crowdfunding of Masterworks pegged to the XER token. The second step is the accelerated trading of the XER token to enhance its popularity and value.
To this end, we have developed our own NFT Marketplace where art patrons can buy / Sell NFTs from us using XER. They can also swap their NFT for XER futures, swap XER with any other altcoin, swap altcoin for USDT (stable coin ) and finally swap USDT for fiat currency such as cash.“
The purpose of a USDT is to be a surrogate of a fiat currency. It is also known as Tether and is a type of cryptocurrency classified as a stablecoin. Unlike other altcoins, which can have significant price fluctuations, a USDT is designed to maintain a stable value by being pegged to a fiat currency, usually the US dollar. This means that 1 USDT is typically equal to 1 USD, thereby providing a reliable option for trading and transactions within the cryptocurrency market.
Thus, while USDT is technically an altcoin because it is an alternative to a security token like Bitcoin, its primary purpose is to offer stability rather than the potential for high returns through price appreciation
XER is to be traded on a Decentralized Exchange.
PancakeSwapTM is a decentralized exchange (DEX) that operates on the BNB Chain (formerly Binance Smart Chain). It allows users to swap various cryptocurrencies without the need for a centralized intermediary. Here’s a detailed breakdown of how it works and its key features:
Unlike traditional exchanges, PancakeSwap uses an Automated Market Maker (AMM) model, which relies on liquidity pools rather than order books.
Key Features of PancakeSwapTM
- Token Swaps: Users can swap BEP-20 tokens on the BNB Chain. PancakeSwap also supports tokens from other blockchains, such as Ethereum, through cross-chain bridges. Users can swap one cryptocurrency for another directly on the platform. This is done through liquidity pools, where users provide liquidity by depositing their tokens.
- Liquidity Pools: Users can provide liquidity to various pools and earn a share of the trading fees.These pools are essential for the AMM model. Users who provide liquidity to these pools earn Liquidity Provider (LP) tokens, which represent their share of the pool. They also earn a portion of the trading fees generated by the pool.
- Yield Farming: Users can stake their LP tokens in yield farms to earn additional rewards, typically in the form of PancakeSwap’s native token, CAKE.
- Staking: Users can stake CAKE tokens to earn more CAKE or other tokens. This process is known as Syrup Pools.
- Perpetual Trading: PancakeSwap offers perpetual trading with leverage, allowing users to trade with borrowed funds.
- Governance: CAKE token holders can participate in governance decisions, such as proposing and voting on changes to the protocol.
- NFTs and Web3 Games: PancakeSwap also offers non-fungible tokens (NFTs) and Web3 games, adding a layer of gamification to the platform.
Setting Up and Using PancakeSwap
To use PancakeSwap, you’ll need:
- A Crypto Wallet: Popular options include MetaMask, Trust Wallet, and Binance Chain Wallet.
- BNB Tokens: These are used to pay for transaction fees on the BNB Chain.
- XER Cryptocurrencies to Exchange or Stake: You’ll need the XER tokens you want to swap or to provide as liquidity.
Advantages of PancakeSwap
- Low Fees: Transactions on the BNB Chain are generally cheaper than those on Ethereum.
- High Speed: The BNB Chain offers faster transaction times compared to Ethereum.
- Wide Range of Features: PancakeSwap offers a variety of DeFi services, including token swaps, yield farming, and staking.
PancakeSwap has become one of the leading DEX platforms due to its user-friendly interface, low fees, and wide range of features.
To effectuate our mission, we use the backend contracts of a Pancake Swap instead of our own contracts and write the front end of our own app so that we can pin XER at the top position. In this way, we use the liquidity of Pancake and run on the Binance chain as well “.
Note: Currently Binance can run in the USA, but with some restrictions. Binance.US is a separate platform specifically designed for US residents. It offers a range of services, including buying, selling, and trading over 150 cryptocurrencies. However, it’s not available in all states. For example, Binance.US services are not available in states like New York, Texas, and a few others.
Binance.US is available in most states, but there are some exceptions. Here are the states where Binance.US is available:
- Alabama
- Arizona
- Arkansas
- California
- Colorado
- Delaware
- District of Columbia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- Oklahoma
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Utah
- Virginia
- Wisconsin
- Wyoming
Unfortunately, Binance.US is not available in the following states:
- Alaska
- American Samoa
- Connecticut
- Georgia
- Guam
- Maine
- Northern Mariana Islands
- New York
- North Carolina
- North Dakota
- Ohio
- Oregon
- Texas
- U.S. Virgin Islands
- Vermont
- Washington
——————Transact Analog Art — Transact Your Collection— Become an Art INVESTOR
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