Xend Token ($XEND) powers a decentralized savings and multi-level interest generation protocol built on Ethereum. The Xend Tokens also generate interest for the users as they hold on to the tokens. Xend Finance allows Credit Unions and Individual savings operations on the smart contract.
Xend Finance Governance Framework
Xend Finance is Decentralized Autonomous Organization (DAO) governed by $XEND holders using three different smart contracts:
Xend Token Smart Contract, Governor Smart Contract and Time Lock Smart Contract
These smart contracts will allow the Xend Finance community to propose features, vote and execute approved proposals.
$XEND Distribution Model
Xend tokens will be bought back and burned until the total number of tokens gets to 100,000,000 XEND