# What is Offshift (XFT)?
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](https://open.offshift.io/offshiftXFT/new-papers/-/blob/main/Offshift%20anon%20Litepaper.md), is currently in development, and its most up-to-date [Development Roadmap](https://offshift.io/public/blog/2022-07-13-offshift-dev-update-mid-july-2022/) has been publicly released.

Offshift also delegates various decision making powers and responsibilities to its community via the [Offshift DAO](https://offshift.io/public/blog/2021-04-21-offshift-launches-dao-announces-first-proposal-for-xft-cross-chain-deployment/).

# 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. Until the Offshift Ecosystem launches its debut platform, Offshift anon, the supply of XFT will remain fixed at 10 million tokens.

# Who are the Founders of Offshift?
Aside from fully doxxed CSO [Alex Shipp](https://twitter.com/AlexShippXFT) who represents the project in public engagements, Offshift Core is the anonymous team developing the Offshift Ecosystem. Offshift Core has developed a trusted reputation for its thorough privacy research, development, and execution. To access the latest news and developments, follow Offshift on [Twitter](https://twitter.com/OffshiftXFT), join the community on [Telegram](https://t.me/OffshiftXFT), and visit the official [YouTube](https://www.youtube.com/c/OffshiftXFT) channel for project updates, interviews, and more.

# Where Can I Buy Offshift (XFT)?

XFT is available for trading on a growing number of DEXs (Decentralized Exchanges), including [Uniswap](https://info.uniswap.org/#/tokens/0xabe580e7ee158da464b51ee1a83ac0289622e6be), [SushiSwap](https://analytics.sushi.com/pairs/0xf39ff863730268c9bb867b3a69d031d1c1614b31) and [Balancer](https://app.balancer.fi/#/pool/0xa5629408958264c2bce5217a0466924644e311ed0002000000000000000000f8) on Ethereum, and [PancakeSwap](https://pancakeswap.finance/info/token/0xe138c66982fd5c890c60b94fdba1747faf092c20) on Binance Smart Chain.

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Trust Wallet

MetaMask

Binance Chain Wallet

Established in July 2020, TrustSwap is a diverse Web3 ecosystem creating secure infrastructure for blockchain builders and communities. The TrustSwap Launchpad is a leading Launchpad and IDO service, achieving the #1 spot on Cryptorank in 2023 for All-time High Returns and Average Returns. TrustSwap has launched over 55 projects with a collective fundraising of over $70 million.

TrustSwap is also the parent company of The Crypto App and Team Finance, which offer a suite of multi-chain services including crypto portfolio tracking, token and liquidity locks, minting, staking, and vesting-as-a-service.

SWAP token is the key to accessing guaranteed allocations in top-tier IDOs via the TrustSwap Launchpad. Staking more SWAP tokens longer increases your SWAP Score and unlocks higher allocations as well as other perks for top stakers.

TrustSwap

Validity

QuadrantProtocol

BoutsPro

xDai is a cryptocurrency that is pegged to the US dollar. The xDai chain is a stable payment blockchain that is designed for fast and inexpensive transactions. STAKE is secured by proof-of-stake consensus. xDai was founded on Oct. 1, 2018.

STAKE is a multi-chain staking token that is designed to secure the payment layer. Staking allows validators and delegators to provide transaction consensus and receive staking incentives for block production. It is only required for consensus providers, not everyday on-chain transactions.

xDai was created by the POA Network, an open-source public side-chain of Ethereum founded in April 2017. It offers a framework for smart contracts which provides developers with an easy and effective way to code on Ethereum, while also leveraging the POA Network capabilities.

STAKE

Abyss

saffron.finance

WOM Protocol

GET Protocol

YFDAI is an entire permission less DeFi ecosystem that combines Staking & Farming services and soon, Lending/Borrowing services, SafePredict, and Insurance together with their own DEX called SafeSwap and their own LaunchPad where legitimate projects in the DeFi space can launch their new vetted projects with contract audits, locked liquidity and locked dev tokens in time release smart contracts.  Whereas other DeFi protocols rely upon minting new tokens to sustain their staking and farming rewards, YFDAI has allocated tokens for these products which will be replenished with fees generated by the ecosystem. YFDAI also has a deflationary burn mechanism built into the platform that will ultimately reduce the total supply to just 13,950 tokens.

YFDAI’s mission is to clean up the DeFi space by de-risking the purchase of new projects by performing due diligence vetting and requiring adherence to the same protocols that YFDAI itself adhered to on their launch.  YFDAI’s motto is ‘no more exit scams or rug pulls.’

YFDAI.FINANCE

RFOX

QuickSwap [Old]

Tachyon Protocol

Phala Network is the Execution Layer for Web3 AI. By enabling AI to understand and interact with blockchains, it unlocks the barrier for the first billion users to join Web3.

Phala Network's multi-proof system is the answer to the AI execution problem. On top of the Phala Network, you can easily build tamper-proof and unstoppable AI Agents that are closely integrated with on-chain smart contracts by AI-Agent Contract

Agentize smart contracts: Create AI Agents for smart contracts using natural and programming languages.

Connect to the internet of multi-agents: Make your agents accessible by other cross-chain AI Agents.

Launch AI Agents and get incentivized: Own your agents and build a profitable token economy.

Phala Network

Haven Protocol is similar to an offshore bank where users can create private tokens that represent stable and volatile assets, including commodities and fiat currencies (such as USD). The protocol is based on Monero, which focuses on secure, private and untraceable transactions.

As a result, most of the features of Monero extend to the Haven protocol, including the bulletproofs and other privacy tech. The base currency of Haven is the XHV, which is burnt to provide users with private, untraceable, synthetic assets and commodities called xAssets.

The network uses a “mint and burn” process to provide users with untraceable digital assets with standard market pricing and real asset-pegged value storage. Simply, users can burn Haven (XHV) for Haven Dollars (xUSD), which is a synthetic stablecoin.

Haven Protocol

HOPE

MixMarvel

Populous is a network designed to offer small and medium-sized enterprises (SMEs) invoice liquidity for up to 90 days. Launched in 2017, Populous is designed to enable peer-to-peer (P2P) interaction between enterprises, boost liquidity and solve problems with working capital for SMEs.

By relying on blockchain technology and smart contracts, the Populous network facilitates decentralized communication between businesses and allows them to share liquidity pools. According to the network’s official whitepaper, there is a need for liquidity in the sector, and Populous is trying to bring the solution. By providing short-term liquidity to enterprises through P2P lending, the network gives enterprises quick access to capital, which cannot be achieved by waiting for customers to settle invoices.

Populous

The all-new ZKBase platform consists of three main parts: ZKSwap, the innovative Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare, and an NFT minting center and marketplace called ZKSea. With an all-new-look user interface, NFT support, unlimited token listing, smoother withdrawal, optimized efficiency, and multi-chain support, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more layer 2-based products in the near future.

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XFT

Offshift [Old] community

Offshift [Old]ニュース

Offshift [Old]について

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