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xFUND is the on-chain governance and access token for the Unification Oracle of Oracles and other DeFi products. Please note this is a separate token from FUND which is on a separate mainnet.
What is xFund?
xFund represents a multifaceted cryptocurrency token with distinct applications across various platforms and ecosystems. Primarily, it functions as a governance token, granting holders the ability to participate in decision-making processes for the development and management of decentralized finance (DeFi) products. This governance aspect is crucial for maintaining the decentralized ethos of the platforms it serves, allowing for a community-driven approach to development and updates.
Additionally, xFund serves as an access token within the Unification Foundation's ecosystem, specifically for its Oracle of Oracles and other DeFi products. This access is vital for users who wish to leverage the advanced features and services offered by the Unification Foundation, including but not limited to, enhanced data integrity and security within the blockchain space.
Beyond its role within the Unification Foundation, xFund is also associated with the Function X network through a community fund aimed at supporting projects that advance the XPR Network ecosystem. This aspect of xFund underscores its utility in fostering innovation and development within specific blockchain networks, providing financial support to developers and businesses committed to ecosystem growth.
It's important for individuals interested in xFund or any cryptocurrency to conduct thorough research and consider the multifaceted roles and applications of the token within various ecosystems. Understanding the governance, access, and community support functions of xFund can provide insights into its potential value and utility within the broader blockchain and cryptocurrency landscape.
How is xFund secured?
xFund's security framework is built on a robust foundation, leveraging advanced technological protocols and legal compliance to ensure the safety and integrity of its operations. At its core, xFund utilizes a modular Tendermint architecture, renowned for its efficiency and scalability in handling transactions. This architecture is complemented by the Byzantine Fault Tolerant (BFT) consensus protocol, a highly respected mechanism in the blockchain community for its ability to protect against system failures and malicious attacks, ensuring that the network remains secure and operational even if some nodes act in a harmful manner.
The commitment to security extends beyond technological measures. xFund has undergone thorough legal scrutiny to confirm its compliance with relevant regulations, receiving verification from a reputable law firm. This legal assurance provides an additional layer of confidence for users and investors, highlighting the project's dedication to operating within the bounds of the law.
Moreover, xFund's integration into high-performance cryptocurrency exchanges signifies its reliability and the trust it has garnered within the crypto ecosystem. These exchanges are known for their stringent security measures and operational excellence, offering a secure platform for xFund's transactions.
Liquidity, a critical aspect of any financial instrument, is well-supported in xFund through its utilization in various financial products and as a primary means of payment in the CrossFi App. This widespread use not only demonstrates xFund's versatility but also enhances its liquidity, making it more accessible and reliable for users.
The CrossFi App, a key component of xFund's ecosystem, adheres to the highest security standards, having been certified for compliance with the international PCI DSS security standard. This certification underscores the app's commitment to protecting user data and financial information, further solidifying xFund's overall security posture.
In summary, xFund's security is a multifaceted endeavor, encompassing advanced blockchain technologies, legal compliance, integration with reputable exchanges, and strict adherence to international security standards. These measures collectively ensure that xFund operates securely, reliably, and within a framework that prioritizes the safety of its users and their assets.
How will xFund be used?
xFund serves multiple purposes within the blockchain and cryptocurrency ecosystem, primarily focusing on governance, development, and financial support for projects. As an ERC-20 token, it plays a crucial role in the governance of the Unification Foundation. Holders of xFund have the ability to propose and vote on key decisions that impact the foundation's direction and policies. This democratic approach ensures that the development and future of the platform are shaped by its community.
In addition to governance, xFund is utilized for operational purposes on the Unification Platform. It covers gas fees, which are essential for executing transactions and smart contracts on the blockchain. This utility ensures that developers and users can efficiently interact with the platform without facing prohibitive costs.
xFund also facilitates the creation of decentralized applications (dApps) on the Unification Platform. By providing the necessary resources and infrastructure, it supports developers in building innovative applications that can leverage blockchain technology for a wide range of uses.
Beyond its technical utilities, xFund acts as a financial instrument to support the ecosystem's growth. It provides seed capital and expertise to entrepreneurs who are developing projects that align with the platform's goals. This support extends to projects that aim to enhance the XPR Network ecosystem, offering financial assistance to initiatives that contribute to its advancement.
Furthermore, xFund's role extends to supporting real-time use cases and the development of DeFi products. As the governance and access token for the Unification Oracle of Oracles, it is integral to the operation and expansion of decentralized financial services within the ecosystem.
In summary, xFund is a multifaceted token that supports governance, development, financial backing, and operational efficiency within the Unification Foundation and the broader XPR Network ecosystem. Its diverse uses underscore its importance in fostering innovation and participation in the blockchain space.
What key events have there been for xFund?
xFund has experienced several significant milestones that have shaped its journey in the decentralized finance (DeFi) and blockchain space. These events highlight the project's development, expansion, and its efforts to enhance user experience and security.
One of the pivotal moments for xFund was the implementation of new FEG taxes. This development was aimed at optimizing the project's economic model to ensure sustainability and growth. By adjusting the tax structure, xFund aimed to balance incentives for holders and traders, contributing to a more robust ecosystem.
Another notable event was the launch of the CrossFi Chain. This initiative represented a significant step forward in bridging the gap between traditional finance and DeFi, allowing for more seamless interactions and transactions across different financial realms. The CrossFi Chain underscores xFund's commitment to innovation and interoperability within the blockchain industry.
The listing of the XFI coin on various exchanges marked a crucial milestone for xFund. This event not only increased the token's accessibility to a broader audience but also enhanced liquidity and market presence. Listings on exchanges are often seen as a vote of confidence in a project's potential and viability.
xFund also introduced several products, including FXSwap and the p(x)Card. These offerings were designed to expand the utility of the XFI token and provide users with more tools and services within the ecosystem. FXSwap facilitates efficient token swaps, while the p(x)Card offers a novel way for users to interact with their digital assets in the real world.
Furthermore, xFund has made concerted efforts to support its users across over 170 countries, demonstrating its commitment to building a truly global community. This international outreach ensures that users worldwide can participate in and benefit from xFund's offerings.
Lastly, xFund's commitment to reimbursing affected investors showcases its dedication to user security and trust. By taking steps to address and rectify issues, xFund reinforces its position as a responsible and user-centric project within the DeFi space.
These key events collectively underscore xFund's ongoing efforts to innovate, expand, and solidify its presence in the blockchain and DeFi sectors.
The live xFund price today is $273.67 USD with a 24-hour trading volume of $1,448.16 USD. We update our XFUND to USD price in real-time. xFund is down 6.45% in the last 24 hours. The current CoinMarketCap ranking is #5769, with a live market cap of not available. The circulating supply is not available and a max. supply of 10,000 XFUND coins.