CrossFi Foundation Gleam campaign is completed

We are glad to announce the results of the Gleam contest. Thanks to each participant who joined us on this journey. Our community's enthusiasm and active participation have made this campaign an success!

Find out the winners list (from the 1st to the 500th places):

🔹https://gleam.io/sxY8Z/crossfi-foundation-giveaway

Please contact us via Discord and specify your wallet to get the rewards in MPX coins: https://discord.gg/crossfi

Congratulations! ❤️

Don't miss out on the chance to participate in other programs and campaigns of CrossFi Foundation:

🔹https://xfi.foundation

⚫️ What problems can Cross Finance help to solve in Asia?

Fintech in Asia has been born among the first and outperforms other regions. Financial disparity and high-cost remittance are top problems that Cross Finance aims to help solve in the region.

Bank the unbanked

Cross Finance provides access to banking services without barriers of traditional financial institutions.

🔹Among emerging fintech economies, more than 70% of the adult population in Southeast Asia have limited access to financial services or are unbanked, according to Bain. This is 483 million people. Indonesia is an obvious spot with half of its 274 million population lacking access to proper financial services.

Remittance markets

Cross Finance offering remittance payments based on blockchain technologies gives a sustainable alternative in the Asian market.

🔹Globally remittance payments cost around 6.20% of the amount sent: cutting fees just by 5% would save at least $16 billion each year, per the World Bank.

🔹India is the champion in receiving remittances with a staggering $100,000 million market in a year, or almost 3% of its GDP. China receives around half of that, the Philippines $38,000 million, and Vietnam $19,000 million. 

Providing alternatives to individuals

Cross Finance chain has a global business model and therefore can provide access to alternative financial solutions to individuals.
🔹According to McKinsey, more than 70% of the Asian population is expected to be part of the consuming class by 2030 with a growing demand for more sophisticated and diverse solutions for personal finance. 

🔹80% of people in China and India already use fintech solutions for digital payments, so a significant portion of personal finance solutions are also expected to be digital.

Providing alternatives to businesses

Cross Finance payment processing system also can help small and medium e-commerce businesses to get the most out of their efforts by reducing processing fees and increasing security.

🔹 Small and medium enterprises in Asia which correspond to more than 95% of all businesses are looking for the cheapest and safest ways to accept payments. With the Asian population being among the most tech-savviest, the e-commerce Asian market presents a real opportunity to be among the leaders in crypto adoption.

Learn more about Cross Finance products and solutions: https://crossfi.org/

⚪️ Top Questions about Cross Finance

We've collected the most frequently asked questions about Cross Finance. Here are the answers:

Why is CrossFi technology unique?

CrossFi is a technology that expands the influence of blockchain and gives users the opportunity to use clear and accessible financial instruments every day anywhere in the world. CrossFi APP is the first combination of financial services and functions of full-fledged banking, debit cards, a non-custodial model of mutual settlements and the absence of intermediaries in traditional financial services on the crypto market.

How is CrossFi security ensured?

CrossFi Chain is a blockchain that has a modular Tendermint architecture. The Byzantine Fault Tolerant (BFT) consensus protocol is secure and eliminates fraud, since the Tendermint algorithm will automatically block nodes that transmit incorrect information during validation.

Learn more about Cross Finance security: https://t.me/crossfichain/124

What ensures the liquidity of XFI?

The main task of the Cross Finance team is to create a liquidity flow, develop and implement financial products where the coin will be used every day.

🔹XFI acts as the main means of payment in the CrossFi APP. Every transaction is made using the XFI coin. Make offline purchases and online payments utilizing XFI.
🔹The XFI coin opens access to all services of the EVM part of the blockchain and is used as payment for commissions.
🔹15% of the MPX coin sales are allocated to the XFI liquidity pool. You can find details in CrossFi Docs: https://docs.crossfi.org/

Is the XFI coin listed?

XFI is traded on two cryptocurrency exchanges paired with USDT:

🔹MEXC
🔹HTX (Huobi)

Learn more about XFI coin: https://t.me/crossfichain/125

If you have more questions, leave them in Telegram chat or Discord.

Find out more information about Cross Finance on the website:https://crossfi.org/

😉 See How CrossFi App Streamlines Transactions

We are glad to show you how payments will be made in the CrossFi APP.

We are working on an intuitive interface. As you can see, in CrossFi APP transactions are made in 2 clicks.

Soon you will be able to try CrossFi APP by yourself. Stand by for the official launch of the APP in January 2024! ⚫️

⚫️ What are MPX and XFI coins? How can these coins be used?

Join the community call with Cross Finance team today and ask everything about MPX and XFI! 🪙 💸

Today, 13:30 UTC: https://twitter.com/i/spaces/1kvKpvzdzpZJE

See you soon! ❤️