Offshift is pioneering Private Decentralized Finance (PriFi) with an ecosystem of Private DeFi Applications that confer and protect various elements of privacy, anonymity, and confidentiality on Ethereum Layer 1. All Offshift Ecosystem PriFi Applications are powered by XFT, and leverage real time price feeds from Chainlink’s decentralized oracle network to enable users to mint an array of private synthetics.
The Offshift Ecosystem’s debut platform, Offshift anon, is currently live, and the v2 platform is slated for launch in 2024.
Offshift also delegates various decision making powers and responsibilities to its community via the Offshift DAO.
# What is the Role of XFT in the Offshift Ecosystem?
XFT is the native utility token of the Offshift Ecosystem, and it plays an integral role in all PriFi Applications’ Tokenomics. Via Offshift’s Burn-and-Mint Mechanism, users burn XFT in order to mint an array of private synthetics, and conversely burn their private synthetics to mint XFT back on the public side.
# How Many XFT Tokens are in Circulation?
Offshift launched on Uniswap in August, 2020 with 10 million XFT tokens generated at genesis. The Offshift Ecosystem’s Burn-and-Mint Tokenomics employ an elastic supply model for XFT, and as such there exists no upper cap or lower cap on the circulating or total supply of XFT. However, XFT does not possess any inherent inflationary or deflationary monetary attributes.
# Who are the Founders of Offshift?
In alignment with Offshift's ethos and commitment to privacy, the team has chosen to remain anonymous. But come by and chat - team leads are available and active in the official Offshift Telegram. We're anonymous, but friendly.
# Where Can I Buy Offshift (XFT)?
XFT is available for trading on DEXs (Decentralized Exchanges), including Uniswap and SushiSwap.
How to Buy XFT on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing XFT. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Gate.io(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing XFT.
Step 5: Purchase XFT
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of XFT you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy XFT.
Step 6: Store Your XFT
After purchasing, you can choose to store your XFT in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and XFT assets, be sure to use a strong password and enable two-factor authentication.
XFT Price:Offshift is pioneering Private Decentralized Finance (PriFi) with an ecosystem of Private DeFi Applications that confer and protect various elements of privacy, anonymity, and confidentiality on Ethereum Layer 1. The price fluctuates daily, You can go to the exchange: Gate.io to check the price.
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