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About Offshift
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What is Offshift (XFT)?
- Pioneering Private Decentralized Finance (PriFi) on Ethereum Layer 1
- Ecosystem of Private DeFi Applications for privacy, anonymity, and confidentiality
- Powered by XFT, leveraging Chainlink’s decentralized oracle network
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XFT Token
- Native utility token of the Offshift Ecosystem
- Integral role in PriFi Applications’ Tokenomics
- Burn-and-Mint Mechanism: burn XFT to mint private synthetics, and vice versa
About Offshift
Offshift is a decentralized, open-source protocol that enables the creation of private, scalable, and flexible decentralized applications (dApps) on multiple blockchain networks.
Introducing Offshift (XFT): A Revolutionary Cryptocurrency
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, is presently under development, with its latest Development Roadmap having been publicly unveiled.
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 is 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 made its debut on Uniswap in August 2020, introducing 10 million XFT tokens at genesis. The Offshift Ecosystem’s innovative Burn-and-Mint Tokenomics model employs an elastic supply mechanism for XFT, which means there is no predetermined upper or lower bound on the circulating or total supply of XFT. Notably, XFT does not possess inherent inflationary or deflationary monetary properties. Until the launch of Offshift’s inaugural platform, Offshift anon, the XFT supply will remain static at 10 million tokens.
The Visionaries Behind Offshift: Meet the Founders
Beyond the publicly engaged Chief Security Officer, Alex Shipp, who serves as the project’s representative, the Offshift Ecosystem is developed by the anonymous team known as Offshift Core. This team has established a trustworthy reputation for its meticulous research, development, and execution in the realm of privacy. To stay abreast of the latest news and developments, follow Offshift on Twitter, join the community on Telegram, and visit the official YouTube channel, which features project updates, interviews, and more.
Acquiring Offshift (XFT): A Comprehensive Guide to Exchanges and Marketplaces
XFT is now accessible for trading on a burgeoning array of decentralized exchanges (DEXs), prominently featuring Uniswap, SushiSwap, and Balancer on the Ethereum network, as well as PancakeSwap on the Binance Smart Chain.