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CrossFi News
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Cross Finance is a next generation digital ecosystem offering cutting-edge payment solutions.

Cross Finance Сommunity: https://news.1rj.ru/str/crossfiofficial

Find us: https://taplink.cc/crossfinance
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Forwarded from XFI Everyday
❤️XFI on a chart shows quite nice support above Fib0.618 level while the consolidation is cooling down overbought indicators after last growth on a daily timeframe.

On a weekly and daily timeframes current consolidation of XFI forming bullish pennant pattern.

@XFI_USDT
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Technical maintenance on CrossFi services

We are conducting technical maintenance to ensure a more stable and efficient operation of our services. As a result, some of them may be temporarily unavailable.

If you have any questions or need additional information, please contact our support team on Discord.

Thank you for your understanding.
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❇️ 9 Steps Guide for Validators to Obtain a Grant

Incentives for validators in the CrossFi Chain Testnet are primarily designed to ensure uninterrupted and decentralized operation of the blockchain. These incentives play a crucial role in motivating validators to actively participate, secure the network, and maintain its integrity.

We’ve prepared the guidelines for validators how to obtain the grands. Learn more:

https://crossfi.org/9-steps-guide-for-validators-to-obtain-a-grant/
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❤️ Cross Finance Discord

Cross Finance Discord server took the first place in "Finances" category.
We're grateful to all our members for your activity and support!

Join us »»»
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❤️CrossFi APP: how is it going to function?

CrossFi APP is a fully-fledged functional banking application where fiat payments work alongside payments in cryptocurrencies. But how to get started with the CrossFi decentralised ecosystem that has no borders? 

Here are 4 steps that will provide access to the ecosystem upon the CrossFi APP launch:

1. Download
Download the app from the Apple Store or Google Play.

2. Register
Enter the phone number and pass the KYC Identity verification procedure.

3. Order a virtual or physical card
Check the tariffs and choose an access plan. Choose the currencies. Read the terms and conditions. Proceed to open an account.

*Please note: Virtual cards will be available immediately. Physical card delivery might differ from region to region.

4. Finish setting up
Now you can activate the card, connect the MetaMask to enjoy non-custodial solutions, and customise minor settings.

You can use the CrossFi App like a regular banking app. You can also use the CrossFi virtual or physical card as a regular card. During the transaction, offline or online, XFI will be automatically converted into fiat at the current exchange rate.

Excited? 
Let’s count the days until the official CrossFi App launch together!
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❤️CrossFi Launches EVM Testnet on CoinList

Hear Leo Kahn, CMO of Cross Finance, talk about the new innovations of CrossFi and the recent launch of EVM Testnet on Coinlist:

https://youtu.be/iwr5CcaxSe8?si=AD36w4f8NunUby1I
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CrossFi News pinned «❤️CrossFi Launches EVM Testnet on CoinList Hear Leo Kahn, CMO of Cross Finance, talk about the new innovations of CrossFi and the recent launch of EVM Testnet on Coinlist: https://youtu.be/iwr5CcaxSe8?si=AD36w4f8NunUby1I»
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❇️ Dev Initiative Launches in Just 1 Day

CrossFi Chain EVM Testnet Initiative for developers is just 1 day away from its official launch! This program is poised to provide developers with reliable environment to build, test, and deploy their DApps.

Bring your innovative ideas to life. Stay tuned!
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❤️Everything You Need to Know About Cross Finance

Let us re-introduce the Cross Finance Ecosystem. Here is a comprehensive yet concise look at everything CrossFi.

Learn more:

https://crossfi.org/everything-you-need-to-know-about-cross-finance-ecosystem/
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❤️Announcing the 2nd CrossFi Chain EVM Testnet Initiative for Developers

Supported by CoinList.

We’re glad to unveil the next CrossFi Chain EVM Testnet initiative, an opportunity for developers to explore the possibilities CrossFi Chain. This initiative aims to empower developers with a robust and developer-friendly environment to build, test, and deploy DApps with ease.

🔹Start day: March 11
🔹Duration: 2 months
🔹Goal: develop dApps

Get ready to unlock the full potential of decentralized applications on the CrossFi Chain platform. Join us in revolutionizing the future of blockchain technology!

➡️ Join CrossFi Chain EVM Testnet right now >>>
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How much does a wire cost?

Do you know exactly how much you pay each time you wire money? We compared the most popular payment solutions in both the crypto world and fiat: payment systems, neobanks, traditional banks. You can see in the detailed transfer fee comparison table how much it costs to send $200 and $1000.

❤️How much does Cross Finance cost?

🔹CrossFi transfer fee is always 2%, while other transfer solutions charge for sending $200 from 5% to over 25%.
🔹CrossFi fee structure allows sending small portions, while most of the compared transfer solutions are targeted at higher amounts of money.
🔹CrossFi has no geographical limits; conversion rates are also not applicable. At the same time, traditional instruments can also have hidden fees in the form of high exchange conversion rates or limits. These fees are also greater and can exceed 100% in the conflict areas if the transfers are possible at all.

What do you think about it? Tell us.
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❤️CrossFi Launches Developers Grants Program

A total prize pool of $4,000,000 in MPX awaits developers who are ready to join the movement for a fair and decentralised financial system as early birds before the mainnet launch.

Supported by CoinList.

🏗️CrossFi Foundations aims to attract innovative ideas that will become operational for the sustainable growth of the CrossFi Chain. Developers will be presented with the opportunity to deploy, test, as well as create communities prior to the mainnet launch.

Main project categories include:
🔹DeFi – $2,250,000 million prize fund
🔹Infrastructure – $1,350,000 prize fund
🔹GameFi – $400,000 prize fund

Other ideas and applications are also welcome as long as they demonstrate:
🔹High value tovthe decentralised system
🔹Innovative component
🔹Dedication to community and its values
🔹Clear and detailed idea denoscription
🔹Highlighted team experience

A detailed denoscription of the transparent criteria and potential project areas can be found on the CrossFi Developers Grant Program page.

Read our blog post to learn more how to obtain a grant and what information should be provided.

The Testnet Developers Program duration is 2 months only.

Don’t miss the chance to join the movement among the first developers: submit a grant application with the CrossFi website form!
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Forwarded from CoinList Official
🏗️ ATTENTION DEVELOPERS: Introducing Phase 2 of CrossFi's Incentivized Testnet

CrossFi is offering 200,000,000 MPX tokens (2.33% of total supply) to developers who deploy dapps on the CrossFi Chain platform.

Learn more 👉 https://coinlist.co/crossfi-testnet?utm_source=Twitter&utm_medium=web&utm_campaign=CrossFi+testnet

*Not available in US & CA
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Why traditional banking in Africa doesn’t work?

The banking market in the African continent is projected to grow by 5% only in the next 5 years, while the crypto market’s projections almost double that.

Why are the banking systems in Africa falling behind? Let’s dive deeper into 4 main reasons for banking failures in the African continent:

https://medium.com/@crossfichain/why-traditional-banking-in-africa-doesnt-work-baa75aaa160e
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Alexander Mamasidikov: CBDC as A Transparent Way to Combat Corruption

In today's world, where corruption remains a pervasive issue in many societies, finding effective solutions is paramount. And that's where CBDCs come into play. These digital forms of national currency, issued and regulated by central banks, hold tremendous promise in promoting transparency and accountability within financial systems.

CrossFi Founder and CEO Alexander Mamasidikov conducted extensive research for the million-strong audience of Securities.io on how transformative power CBDCs works. By leveraging blockchain technology, transactions can be securely recorded and traced in real-time, leaving little room for manipulation or fraud. This level of transparency not only deters corrupt practices but also fosters trust among citizens and investors alike.

Read the full article:

https://www.securities.io/cbdcs-a-transparent-way-to-combat-corruption/
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❤️$2,000,000 for Users Testnet Initiative

We're glad to announce the 3rd Testnet initiative for Users in collaboration with CoinList!

This major milestone represents a significant step forward in our mission to create a robust and accessible ecosystem for all users, developers and validators alike.

What're moves?

1 stage
🔹Join Testnet
🔹Get test coins using faucet
🔹Complete daily tasks and earn XFT

2 stage
🔹Swap XFT and receive even more test coins while thoroughly testing the network.

3 stage
🔹Increase your chances of receiving coins on the mainnet by engaging in activities

General aim: be very active and complete daily tasks!

Hurry up, the Testnet Users Initiative duration is 2,5 months only.

Stay updated with the latest news to ensure you don't miss out on important information that will help you become a highly effective tester, leading to rewards in the mainnet.

Learn more about Initiative for Users: https://xfi.foundation/users

Join the strongest blockchain community right now:

➡️https://testpad.xfi.foundation
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I participate in the CrossFi Chain Testnet as a....
Anonymous Poll
19%
Validator
11%
Developer
77%
User
5%
What?!
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❇️ What's new about CrossFi Chain Incentivized Testnet?

1. Optimization work

We have conducted optimization work on XFI Testpad, everything is functioning correctly. The faucet is currently operating steadily.

CrossFi Chain Testnet serves a crucial purpose of meticulously identifying and resolving any bugs or inaccuracies within the blockchain, ensuring a robust and error-free system before the launch of the mainnet.

2. Guidlines for Validators and Users to interact effectively during Public Testnet

We've prepared criteria guides for validators and users to explain the main activities and steps which you need to do during Public Testnet.

By following these guides, validators can effectively attract and support a diverse user base, while users can confidently navigate the CrossFi Chain Testnet environment and actively contribute to its growth.

➡️ 3 Key Steps Validators Should Take During the User Initiative

➡️ How to Join Public CrossFi Chain Testnet

Soon we'll provide the full technical guide about how to use XFI TestPad, XFI Console and complete tasks during Public Testnet.

Stay tuned!
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