AMA with BitWell — How to Rescue Your NFTs’ Liquidity in the Era of Metaverse?

12PM UT, 3 Mar. 2022, XCarnival had an AMA with BitWell CEX in Bitwell International Telegram Group. XCarnival’s core contributor Leo , as the guest, shared XCarnival’s progress with Bitwell’s VP Catherine.👏

Here are five of the best Q&As from the campaign, share with our community.enjoy🍻

1. Could you tell our community a bit more about yourself and the XCarnival project?

Leo：hi, I am Leo, XCarnival Core Contributor.

XCarnival is a financial infrastructure for MetaVerse, which is dedicated to providing liquidity solutions for MetaVerse assets. The 3 main divisions of services provided as following:

1. It provides mortgage and lending services for NFT assets by P2P and Pool2C model
2. It also provides valuation, leasing and sales solutions for MetaVerse long-tail assets
3. It participating in building the NFT and MetaVerse industry ecosystem

2. What are some of XCarnival’s key achievements in 2021 and what is your plan in 2022?

Leo: XCarnival started its journey in June 2021,

• In June 2021，won the first prize of BSC Hackathon competition and pass the security audit by Certik and Peckshield
• In October 2021，successfully launched XCarnival Genesis NFT on Galaxy platform
• In October 2021，launched BSC major networks, offering NFT mortgage and lending P2P models: Support XCarnival, BabySwap and Pancake NFTs and offer liquidity reward
• In October 2021，listed on CMC and CoinGecko, and got traffic support by CMC
• In November，listed on Gate.io and MEXC exchange at the same time and initiated the syrup pool incentives with Pancake
• In December 2021，launched Gamefi platform — XIGO: successfully launched two Gamefi projects, Binopoly and DracooMasterIn December 2021，Binance NFT Marketplace: 9,000 XCarnival Combo Cards sold out in 2 seconds
• In November 2021，The lending and borrowing scale on BSC exceeded $20,000,000 and the total number of mortgages exceeded 20,000; By the end of 2021, the international community members of XCarnival reached 150k

Our key milestones will happen in the following season are below:

We have quite lots of goals to achieve .The most important event will be the cross-chain lanuch. First one is ETH, and then we will deploy to other chains.
We’ve designed a pretty new lending model and will let people borrow money instantly which no one on the market can provide.Of course our community DAO will build up in next quarter.

3. What is the current XCarnival Metaverse ecosystem and how are you going to expand it?

Leo: Right now we only deployed on BSC, now they called BNBChain.so current our ecosystem is based on BNBChain as well.We have built colse cooperation with many famous NFT projects including Baby, Pancake.and we also helped Gamefi projects to launch their IGO by selling the NFT assets.

The next step to Etherum will need more BD work to do.

NFT is the most booming sector in the industry. Correspondingly, there are more NFT mortgage lending needs.

XCarnival is committed to solving the liquidity of NFT assets and especially helping BlueChips NFT holders to obtain additional income beyond NFTs. More than 90% of NFT transactions and ecology are on the Ethereum chain, so XCarnival can serve more NFT holders and cover a wider range of NFT businesses after crossing the Ethereum chain.

XCarnival has already joined hands with the phenomenal BlueChips NFT communities, in the next episode, XCarnival will also maintain a keen attitude and continue to create new trends and provide better service to metaverse habitants.

4. What are XCarnival’s upcoming priorities? How is XCarnival going to rescue our NFT liquidity in the era of Metaverse?

Leo: Building XCarnival Multi-chain Ecology is our primary task.

Ethereum NFTs have an important position in the market. Meanwhile, other chains also have good marketing performance such as Avalanche, Flow, Solana and Fantom. Hence, the importance of launching cross-chain can not be overemphasized. However, we’re focusing the new product which fit Etherum well, especially how to reduce the gas cost of users. Talking about the NFT liquidity, we tried P2P module on BSC to let users provide liquidity with each other. Beside that, we are building a new Official Mortgage Lending Pool mechanism, which is called Pool2C.

It is a useful addition to the original 1.0 P2P model, which can available for officially certified (and regularly whitelisted) NFT categories on Ethereum.

5. What plan does XCarnival have to further support its users and partners?

Leo: As a NFT collateral lending service platform, XCarnival definity will empower our users and partners.

For our users:

1、We will interact with the community and make some decision together by DAO

2、Empower their assets

Through the upcoming upgrade — — XCarnival will complete the cross-chain to Ethereum. For our users, we always keep connected with our communities, so we will hold many campaigns to make the community’s power bigger and bigger.

Meanwhile, to users which hold XCarnival assets(XCarnival NFTs&$XCV) in their wallets, we will maximize the usage of these assets — synthesizing combo cards, and reducing liquidity by reducing $XCV production.

Our new product — Pool 2C, enables borrowers to make the deal happen at any time through the XCarnival official pool.

For our upcoming cross-chain ecological strategy, XCarnival will empower ecological partners in an all-round way, and carry out close and in-depth cooperation from product-channel-operation and other fields.Besides this, we are also expanding more other public chain partners to increase our service channel.