From the beginning, only the XDC network (XDC) coin was used to buy non-fungible tokens (NFTs) or make trades on the Prime Numbers platform. That is changing with Prime Numbers’ new strategic partnership with Impel. The brand new stablecoin US+ will be integrated with all Prime Numbers decentralized applications (DApps) in the future, allowing for another asset option for the user base to take advantage of.
In late 2022, Impel brought the US+ stablecoin to the XDC Network through an alliance with Fluent Finance so that the XDC Network community could enjoy the benefits of the best stablecoin offering on the market across the blockchain ecosystem.
Prime Numbers’ new NFT marketplace, PrimePort, will also host the newly minted limited edition commemorative NFTs. The NFTs were presented to each attendee of the first-ever XDC Network Community Social Event held in New York City on November 28, 2022 at the Marriott Marquis hosted by Impel with support from the XDC Community and XDC Foundation teams.
Impel is a fintech innovator using blockchain distributed ledger (DLT) technology to redefine the standard for cross-border payments and financial messaging with its specialized ISO 20022 API, which enables optional instant settlement functionality by digital assets like XDC or the stablecoin US+ to be integrated into the payload of the financial message. Impel also provides a bridge from the XDC network’s public blockchain to the CorDapps of the private DLT platform R3 Corda, enabling banks and corporations to use digital assets to process contracts and agreements instantly.
Troy S. Wood, CEO and Founder of Impel said:
“Prime Numbers strives to deliver professional and rewarding products to the XDC Network community and we at Impel are thrilled to work with them as we all strive to deliver solid solutions that help make the XDC Network a wonderful one Blockchain, a recognized industry leader.”
Here’s a closer look at what Prime Numbers offers
Like XDC Network’s blockchain ecosystem, Prime Numbers’ offering is growing rapidly and bringing real value to the community as it adds more DApps to its portfolio. Prime Numbers takes seriously that all participants are rewarded for their participation and it is on a mission to generate revenue for its existing user base, including newcomers.
Prime Numbers combines decentralized finance, decentralized autonomous organization and NFT technology to become a real powerhouse in the blockchain industry as it brings real value to its customers. These new endeavors will complement the native XRC20 Prime Numbers Ecosystem (PRNT) token on the XDC network.
Find out more about Prime Numbers DApps
Prime Numbers NFTs allow users to place their PRNT tokens within the NFTs to generate revenue by receiving a portion of transaction fees and revenue generated across their platform by DApps. Prime Numbers NFT holders receive 40% of profits from Prime Numbers Finance (the first lending and lending platform on the XDC network), 20,000 PRNT tokens distributed among NFT holders each month, 0.25% of those from NFT – Marketplace generated fees and 50% of all resale royalties.
As an industry leader, Prime Numbers offered the first non-custodial and trusted staking mechanism on the XDC network through its XDC Staking NFTs. These unique NFTs allow users to stake XDC to earn rewards.
XDC Staking NFT holders receive 10% of Prime Numbers Finance profits and 30% of staking funds. Optionally, users with a max-level NFT can “lock” those NFTs for an additional 6% annual percentage return.
Its latest release, PrimePort, is an NFT marketplace that is interoperable with other Ethereum Virtual Machine blockchains and primarily focuses on the XDC network due to its low transaction fees. NFT marketplaces are the platforms that generate the most fees on any blockchain, and Prime Numbers will reward its user base by passing on 0.25% of trading fees to Prime Numbers NFT holders. One of the strengths of PrimePort is the embossing system for developers. On primeport.xyz you can upload NFT images and videos at the same time, create a unique smart contract with metadata and keep special rights to the NFTs.
Prime Numbers Finance will be the first lending and lending platform on the XDC network, expected to be released in Q1 2023. This will be a big deal for their NFT holders who will receive 40% and 10% of the profits made on the Prime Numbers Finance platform. Also, lending and lending platforms are the ones with the highest total locked value, so the volume on the XDC network will increase and Prime Numbers revenue will also increase thanks to the fees generated.
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