Offshift XFT Price

What is Offshift (XFT)?

Offshift (XFT) is making strides in the decentralized finance (DeFi) space with its innovative approach to privacy through the introduction of Private Decentralized Finance (PriFi). The Offshift ecosystem encompasses a variety of Private DeFi Applications designed to enhance privacy, anonymity, and confidentiality on the Ethereum Layer 1 blockchain.

The Role of XFT in the Offshift Ecosystem

Central to Offshift's approach is its native utility token, XFT. XFT plays a critical role in the tokenomics of PriFi Applications within the ecosystem. The implementation of a Burn-and-Mint Mechanism allows users to seamlessly engage in private transactions by burning XFT to mint private synthetics and vice versa. This system, combined with real-time price feeds from Chainlink's decentralized oracle network, facilitates efficient and private transactions.

Circulation and Supply

Offshift made its debut on Uniswap in August 2020, launching with an initial supply of 10 million XFT tokens. Notably, Offshift utilizes an elastic supply model, meaning there are no predetermined upper or lower caps on the circulating or total supply of XFT. However, the supply remains fixed at 10 million tokens until the launch of Offshift's inaugural platform, Offshift anon. Importantly, XFT does not exhibit inherent inflationary or deflationary monetary attributes.

Community Governance and Decision-Making

Offshift's commitment to decentralization extends beyond its technology to governance. The Offshift DAO (Decentralized Autonomous Organization) empowers the community to participate in decision-making processes, fostering a collaborative and democratic approach to the project's development.

Offshift Core Team

While the project is publicly represented by Chief Strategy Officer Alex Shipp, the development team, known as Offshift Core, operates anonymously. Despite maintaining discreet profiles, Offshift Core has earned the trust of the community through their dedication to privacy research, development, and execution.

Where to Find XFT

XFT is readily available for trading on various decentralized exchanges (DEXs), including Uniswap, SushiSwap, and Balancer on Ethereum, as well as PancakeSwap on the Binance Smart Chain. These listings provide users with diverse options to engage with XFT and participate in the growing PriFi ecosystem.

As Offshift continues to innovate in the privacy-focused DeFi sector, the community eagerly anticipates the launch of Offshift anon and looks forward to the ongoing evolution of this pioneering project. To stay updated on the latest news and developments, follow Offshift on Twitter, join the community on Telegram, and explore their official YouTube channel for interviews and project updates.

What is unique about Offshift (XFT)?

Offshift (XFT) distinguishes itself by pioneering Private Decentralized Finance (PriFi), offering privacy-centric DeFi applications on Ethereum Layer 1. With a Burn-and-Mint Mechanism and real-time Chainlink oracle integration, Offshift enables users to engage in confidential transactions and mint private synthetics seamlessly.

Who are the founders of Offshift (XFT)?

Offshift's core team, known as Offshift Core, operates anonymously. While Chief Strategy Officer Alex Shipp represents the project publicly, Offshift Core is recognized for its expertise in privacy research, development, and execution.

Who are the backers/investors of Offshift (XFT)?

Specific supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.

Where can I buy Offshift (XFT)?

You can buy Offshift (XFT) on Uniswap V3 (Ethereum), PancakeSwap (v2), Sushiswap cryptocurrency exchanges.