Offshift XFT

1. Summary

Ranks

Liquidity

70

Developer

-

Social

63

Momentum (beta)

0

Stack Rank™

-

Price

$0.25 -0.6%

Market Cap

$2.52M (#2897)

Supply

10.07M / 10.07M

Tags

Binance Smart Chain Ecosystem Polkadot Ecosystem DeFi Privacy Coins Synthetic Issuer Ethereum Ecosystem BNB Chain Ecosystem Zero Knowledge (ZK) Privacy

More Metrics

Price
52W High price	$1.47
52W High date	2nd Jul 2024 (5 months ago)
All Time High (ATH) Date	19th Jan 2022 (2 years ago)
ATH Price	$24.69
% From ATH	-99.06%
All Time Low (ATL) Date	13th Oct 2023 (1 year ago)
ATL Price	$0.13
% From ATL	78.15%

Supply & Trading Volume
Trading Volume (24h)	$7,499.00
Total Supply	10.07M
Circulating Supply	10.07M

Less Metrics

Description

Project Overview

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Project Overview

Offshift is a groundbreaking project pioneering the concept of #PriFi (Private Finance) through its innovative derivatives platform. The platform stands out with its commitment to complete privacy and security, ensuring that all transactions occur without the risk of liquidations or slippage.

Key Features:

• Private Derivatives Platform: Offshift offers a private derivatives platform that allows users to engage in derivatives trading while maintaining complete confidentiality.
• 1:1 Collateralization: Offshift ensures 1:1 collateralization, eliminating the risk of liquidations.
• Zero Slippage: Transactions on the platform occur at a fixed price, ensuring that users are not exposed to any price movements during the trade.
• zkAssets (Zero-Knowledge Assets): Offshift introduces the use of zkAssets, synthetic cryptocurrencies that are pegged to real-world assets such as Bitcoin (BTC) and Gold (XAU). These zkAssets leverage the zkERC20 Confidential Token Standard to enhance privacy.

Functionality:

• Capital Flow: Offshift’s token, XFT, plays a crucial role in facilitating the seamless flow of capital between the public Ethereum (ETH) and Moonbeam ecosystems and Offshift’s private ecosystem.
• Burn-and-Mint Mechanism: Users can shift between XFT and other zkAssets using this mechanism, ensuring efficient and secure transactions.
• Liquidity Management: Offshift dedicates tokens to liquidity providers to ensure that users can buy and sell XFT with minimal slippage.

Architecture and Security:

• Proprietary Technology: Offshift’s platform is built using Bulletproof zero-knowledge proofs exclusively for privacy-related functions.
• Ecosystem Deployment: The platform is deployed on multiple ecosystems, including Ethereum (ETH) and Moonbeam, to offer users a diverse set of options.
• Decentralization: Offshift is committed to maintaining complete decentralization, as reflected in its discrete deployment strategies and restricted-access architecture.

Goals and Community:

• Community Focus: Offshift is an open project that fosters inclusive participation and transparency, making it accessible to users from diverse backgrounds and skill levels.
• Developer Engagement: The team encourages developer bounties to streamline user experience and enhance overall usability.
• Knowledge Sharing: Through regular AMAs and interviews, the Offshift community remains updated on the latest developments and strategies within the project.

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