XEP/USDT Listing and XEP/wXEP Bridge Service on TXbit Exchange

We are thrilled to announce the listing of the XEP/USDT pair and the swap bridge service of XEP <> wXEP on TXbit exchange.

As you know, we created the wrapped XEP token (wXEP) on BSC with an initial amount of 500M tokens. In the meantime, we also started injecting BUSD and wXEP into the pool and sold in time smaller units of wXEP to inject again into the liquidity pool. Our pool is currently at around $62K and we wish to see our community join and support the liquidity pool. Below you will find an explanation of how to be part of the pool.

XEP Token contract address: 0xb897D0a0f68800f8Be7D69ffDD1c24b69f57Bf3e

With the launch of the bridge on TXbit, we decided to initiate the bridge with a transfer of 200M wXEP and 36M XEP coins to TXbit:

200M wXEP token: For the users who will want to swap their native XEP coins to wrapped XEP (wXEP)

36M XEP coin: For the users who bought so far wXEP through Pancakeswap

Note: In case we receive additional demand on the XEP swap, we will mint further wXEP and against it the collateral will be reserved as well.

Regarding the confirmation of the wXEP token information , the official process is ongoing and we expect a response during the next few weeks from BSC team..

Links to swapping service:

From Wrapped Electra Protocol (WXEP) to Electra Protocol (XEP) : 

https://txbit.io/Convert/WXEP

From Electra Protocol (XEP) to Wrapped Electra Protocol (WXEP) : 

https://txbit.io/Convert/XEP

Lets say, you want to swap your XEP coin to wXEP token. Here are the steps you should follow:

1-Send your XEP coin from PC/mobile wallet to TXbit exchange

2-Open the swap link: https://txbit.io/Convert/XEP

3-Once you swap, you can withdraw your wXEP to your metamask, trust or any BSC compatible wallet

Note: There may be swap and withdrawal fees which are applied by the exchange. Please do your own control before you use the swapping service. Additionally, kindly refer to the exchange policies in terms of user KYC, and limits for the accounts.


Adding liquidity into wXEP/BUSD PancakeSwap pool

At the moment we’re writing this article APR on wXEP/BUSD pool is 7.54%

To provide liquidity, you’ll need to commit an amount of wXEP and BUSD. Your lowest value (in USD) of the two tokens will be the limit to the liquidity you can provide.

  1. Visit our liquidity page here

2.Once your wallet is connected, fill either wXEP or BUSD field

3. Click the Approve XEP button. Your wallet will ask you to confirm the action.

4. The Supply button will light up. Click it.

5. A window will appear saying how much you will receive. Click the Confirm Supply button. Your wallet will ask you to confirm the action.

6. After a short wait you will see your LP Token balance at the bottom of the page.

By adding liquidity you’ll earn 0.17% of all trades on this pair proportional to your share of the pool. Fees are added to the pool, accrue in real time and can be claimed by withdrawing your liquidity.

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