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About Offshift
- Offshift is a Private Decentralized Finance (PriFi) ecosystem on Ethereum Layer 1.
- XFT is the native utility token, powering PriFi Applications and enabling private synthetics minting.
- Offshift anon is live, with v2 platform launching in 2024.
- Offshift DAO delegates decision-making powers to the community.
XFT Token Details
- 10 million XFT tokens generated at genesis in August 2020.
- Elastic supply model, no upper or lower cap on circulating or total supply.
- XFT has no inherent inflationary or def
Introducing Offshift: A Novel Paradigm in Decentralized Finance
Introducing Offshift (XFT): A Comprehensive Overview
Offshift is spearheading the Private Decentralized Finance (PriFi) revolution with a comprehensive ecosystem of Private DeFi Applications, meticulously designed to safeguard and uphold the principles of privacy, anonymity, and confidentiality on Ethereum Layer 1. Fueled by XFT, all Offshift Ecosystem PriFi Applications harness the power of real-time price feeds from Chainlink’s decentralized oracle network, empowering users to mint a diverse range of private synthetics with precision and accuracy.
The inaugural platform of the Offshift Ecosystem, Offshift Anon, has successfully launched, with its v2 iteration slated to debut in 2024.
Offshift also vests its community with significant decision-making authority and responsibilities through the Offshift DAO, fostering a decentralized governance model.
The Pivotal Role of XFT in the Offshift Ecosystem
XFT serves as the native utility token of the Offshift Ecosystem, playing a pivotal role in the tokenomics of all PriFi Applications. Through Offshift’s innovative Burn-and-Mint Mechanism, users can burn XFT to mint a diverse range of private synthetics, and conversely, burn their private synthetics to redeem XFT on the public side.
The Circulating Supply of XFT Tokens: A Closer Look
Offshift debuted on Uniswap in August 2020, introducing 10 million XFT tokens at its genesis. The Offshift Ecosystem’s innovative Burn-and-Mint Tokenomics model features an elastic supply mechanism for XFT, which means that there is no predetermined upper or lower limit on the circulating or total supply of XFT. Notably, XFT tokens are devoid of inherent inflationary or deflationary monetary properties.
The Visionaries Behind Offshift: Meet the Founders
In harmony with Offshift’s guiding principles and dedication to privacy, the team has opted to maintain anonymity. However, we invite you to engage with us – our team leads are readily available and actively participating in the official Offshift Telegram channel. Though we remain anonymous, we’re always approachable and welcoming.
Acquiring Offshift (XFT): A Comprehensive Guide to Exchanges and Marketplaces
XFT is now accessible for trading on prominent decentralized exchanges (DEXs), notably Uniswap and SushiSwap, further expanding its market presence.