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, 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.