Offshift Price (XFT)

What Is Offshift(XFT)?

Offshift anon is a fully on-chain, non-custodial platform designed to provide protections for user privacy without compromising yield potential. On Offshift anon, users burn XFT to mint on-chain synthetics called anonAssets via a tokenomic process called Shifting. Shifting dissociates users from their XFT, and thereby renders users anonymous with respect to their freshly minted anonAssets. As standard, public ERC20 tokens, anonAssets introduce no novel barriers to feature implementation or platform integration in the Ethereum ecosystem, and therefore eliminate yield-related tradeoffs associated with privacy.

XFT token has migrated from old contract to a new contract at a rate of 1:1.

What Are the Features of Offshift(XFT)?

• 1:1 COLLATERAL. Over-collateralization is not capital-efficient, and unnecessarily limits liquidity access for users. On Offshift, you get what you burn - dollar-for-dollar, sat-for-sat.
• ELASTIC SUPPLY MODEL. The XFT supply self-balances to account for price fluctuations, relegating margin calls and liquidations to nuisances of the past.
• ZERO SLIPPAGE. No order books, no liquidity concerns, zero slippage. It's that simple: Shift stress-free.

How Does Offshift Work?

• The Offshift Ecosystem supports an array of PriFi Applications that confer privacy, anonymity, and confidentiality – all on Ethereum Layer 1, all powered by XFT.
• Offshift leverages Chainlink oracles to support private DeFi for a wide array of assets.
• Convert public assets into private synthetics in a single transaction with XFT.  

Offshift(XFT) Platform Tokenomics: Utility and Incentives

A. Shifting with the Burn-and-Mint Mechanism

To mint synthetics in the Offshift Ecosystem, users select and open a PriFi Application, and connect an ERC20 wallet. If a user possesses a positive XFT balance and sufficient ETH to cover gas fees, he/she may conduct a Shift and enter the Offshift Ecosystem’s private (anonymous and/or confidential) side via the Burn-and-Mint Mechanism.

The Burn-and-Mint Mechanism burns the user’s XFT and mints one or more synthetics of equal value. At any point, a user may Shift back from his/her synthetics into XFT, and the process reverses: the Burn-and-Mint Mechanism burns the synthetics, and mints new XFT of equal value to the user’s designated ERC20 wallet address. Such a model enables users to mint, store, and exchange synthetics free from collateral requirements and the margin calls and liquidations that come with them, making for a cost-efficient and stress-free trading experience. It should be noted that although such a tokenomic model demands an elastic supply model for XFT, it does not imply or require any propensity toward long-term inflationary or deflationary monetary attributes.

• B. Reward Incentives: Staking Rewards

In addition to providing technical support and advisory, Offshift Core will support Offshift Ecosystem PriFi Applications with native staking features. Offshift Core has allocated 15% of the Genesis Total Supply (1,500,000 XFT) to its Staking Rewards Wallet

Where Can You Buy Offshift(XFT)?

Investing in Offshift can seem complicated, but it is much easier when you buy Offshift through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Offshift — both for fiat money and other cryptocurrencies. Some of the most popular Offshift cryptocurrency exchange are:

• BKEX
• Uniswap (V3)
• SushiSwap
• Hotbit
• Bilaxy

Please check Offshift(XFT) token address If you want to buy or sell Offshift(XFT) on dex exchange. Beware of scams!
Click here to view Offshift(XFT) price in different crypto exchanges.

Offshift (XFT) Community

• Twitter: https://twitter.com/OffshiftXFT
• Medium: https://medium.com/@offshift
• Telegram: https://t.me/OffshiftXFT

What is Offshift (XFT) Contracts address?

• Ethereum: 0x76bc677d444f1e9d57daf5187ee2b7dc852745ae