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XIO drops Binance DEX: Focused on DeFI on Ethereum 2.0

Based on recent events with the Binance DEX Listing Application and future development opportunities, the XIO Foundation will remain on the Ethereum blockchain for 2019.

One item we have gained the most clarity and commitment towards in the last month is turning XIO into an interest/lending token.

In simple terms, XIO cannot be a 100% decentralized incubator without the option to earn interest on the token. This moves our incentive and governance model from an external circuit (interest is paid by the foundation) to an internal circuit (interest is paid by borrowers).

Since the current DeFi options (Compound Finance, Dharma, etc) sit natively on Ethereum, we estimate remaining on the Ethereum Blockchain could expedite our development roadmap by 6–12 months and allow us to recruit developers at a faster pace.

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