What Is Xeta Genesis And How Does It Connect DeFi To Traditional Markets?
The crypto market is instantly improving and innovating, with new use cases and ways to bring itself to the wider world coming in frequently. That said, there are some use cases that are certainly more important than others, at least in the immediate impact that they can have.
For example, connecting the all-important space that is Decentralized Finance (DeFi) to traditional finance markets can result in an enormous flow of capital both ways. Such a system would benefit all parties involved and really pave the way for the future of finance.
This is precisely what Xeta Genesis is doing and it’s why everyone is rushing to the platform. We explain all you need to know about this groundbreaking new platform here.
Xeta Genesis Bridges DeFi and TradFi
Before we dive into what Xeta Genesis is all about, it’s worth going into the background of financial markets, as this should give you a better understanding of the solution that Xeta Genesis offers.
Traditional finance refers to the existing markets in the financial world – ETFs, bonds, stocks, forex, gold, commodities, and so on. The world of traditional finance is in direct contrast to the developments of recent years – namely, DeFi, which has sparked the creation and use of the term traditional finance as DeFi shows itself to be innovative and different compared to TradFi.
However, it isn’t as if DeFi is or should be replacing TradFi. They can both co-exist and indeed it is beneficial to all if they do. Xeta Genesis knows this and is building solutions that give investors the best of both worlds through its platform. This ambition appears to be showing in the actual figures, as there are nearly $24 million in total deposits already.
The project does this through a variety of means, resulting in investors receiving an average return of 20% per month. The investments themselves are made in USDC, with the withdrawal cycles being 28-day cycles – also known as XETA cycles.
Having launched last year, Xeta Genesis has made quick progress and become a stalwart in its niche. Among the features on offer are high-frequency trading in gold ETFs, futures, and forex. Those with a more technical bent when it comes to investing will be happy to hear that, for example, Xeta Genesis allows for incremental gains in the forex market using moving averages, momentum oscillators, support and resistance price levels, and price patterns.
It doesn’t take much to get started with Xeta Genesis either, as all you need is a crypto wallet that supports either Ethereum or Avalanche. After that, you just have to connect the wallet to the platform and you’ll be able to participate via accounts or pools.
High Returns Throughs Pools on Xeta Genesis
There’s an important point about Genesis Accounts before we dive into the pools and their high returns. The former are considered membership accounts and when you pay, you are paying for various tiers of membership. Currently, the prices stand at $250, $500, and $,1000 USDC.
Genesis Accounts are yield-bearing Membership accounts, returning up to 20% per month and made available for withdrawal on a 28-day schedule. These accounts will have to renew annually and have a $25 per month membership fee. Withdrawals from these accounts also have a 2.5% withdrawal fee.
That’s it for Genesis Accounts. Potential users may be more interested in Genesis Pools, which have some strong benefits and attractive features that could really make a difference to one’s portfolio.
Xeta Genesis’ Genesis Pools are one of the biggest features of the project and it’s unsurprising that most would-be users flock to this first when reviewing the project. It is the platform’s premier investment offering, allowing individuals to select a Genesis Pool by size and return target, and then deposit USDC. These are yield-bearing private sub-accounts within the XETA Fund (XF), returning up to 20% compounding per month, and made available for withdrawal in your dashboard.
In order to use a Genesis Pool, you need an active Genesis Account, and the pools themselves require a monthly Management fee of 2.5% of the principal balance. Genesis Pools also has a 2.5% withdrawal fee. Furthermore, you cannot withdraw the principal amount, only the returns.
All of the data can be managed via the XETADATA dashboard, which all members have access to. It is here that they will be able to withdraw, maintain their accounts, and see weekly and accrued performance data per individual account and pool.
Conclusion
If the crypto world is meant to become larger and more entrenched in the wider world, then it has to integrate itself with existing markets better. There have been some efforts regarding this by some presale projects, but Xeta Genesis is the best of the best in terms of completeness. We highly recommend taking a look at the project and its features, especially its Genesis pools. Keep up with the project on social media as well.
Disclaimer
This article is a paid publication and does not have journalistic/ editorial involvement of CoinGape. CoinGape does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. Do your market research before taking any actions . The author or the publication does not hold any responsibility for your personal financial loss.
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