XFai update: XFIT Live price, price chart, news and markets

The Definition of XFai (XFIT)

XFai is a collection of smart contracts that incorporate autonomous liquidity management specifically designed for tokens with low trading volumes and market capitalizations. XFai serves as a liquidity instrument that can be utilized by decentralized finance (DeFi) projects. One of the primary objectives of XFai is to enhance the efficiency of liquidity pools on decentralized exchanges (DEXs).

In addition to its governance token, XFai has two other flagship products: DEX Liquidity Oracle (DLO) and Liquidity Generation Event (LGE).

XFai is supported by various investors, including AU21 Capital, Rarestone Capital, Moonwhale, Tokenomik, LD Capital, TDeFi, Fission Capital, Kyros Ventures, and Vendetta Capital.

The Creators of XFai

XFai's operations are led by Geoffrey Khan, who is also one of the founding team members. Khan previously served as the CEO of Groupon Austria.

Taulant Rambaja, XFai's chief scientist, has been active in the crypto industry since 2013 and has collaborated with the XFai team to develop the DEX Liquidity Oracle (DLO).

Aron Dutta serves as XFai's growth strategy lead. Dutta previously held positions as the managing director of Cisco and the global vice president and senior partner of IBM Blockchain.

What Sets XFai (XFIT) Apart?

XFai operates as a decentralized service provider with the aim of equalizing the playing field between decentralized and centralized exchanges.

DEX Liquidity Oracle (DLO) is a technology that allows low-cap tokens to enhance their liquidity on decentralized exchanges, enabling them to move away from centralized exchanges. This is accomplished by creating synthetic curves that track liquidity information and transferring it to decentralized exchange pools.

The XFai team claims that liquidity farmers will be able to earn even higher income through the utilization of the DLO, while also reducing costs and risks. The funding model enables investors to automatically add the XFIT token to the liquidity pool.

The Liquidity Generation Event is intended to replace less effective forms of crowd sales (such as ICO, IEO, and IDO). XFai utilizes synthetic curves based on the Potentializer, which controls the price and liquidity during the launch of the XFIT token. This is anticipated to enhance the efficiency of sales from both technical and economic perspectives.

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The Total Supply of XFai (XFIT) Coins

XFIT serves as XFai's native utility token with governance and reward functionalities. It facilitates fee savings on XFai's platform and can also be utilized for voting when adding a new token to DLO pools.

XFIT token holders have the ability to directly exchange their tokens for any other token supported by DLO.

As of May 2021, the total supply of XFIT tokens is 400,000,000. The distribution of tokens is as follows: 18.80% to the team and advisors, 18.80% to the ecosystem, 11.90% to the private sale, and 50.60% to liquidity farming.

The Security of the XFai Network

XFIT operates as an ERC-20 token that runs on and is secured by the Ethereum (ETH) blockchain.

Where to Purchase XFai (XFIT)

XFai's liquidity generation event took place from April 16 to May 7, 2021. The initial DEX offering (IDO) was completed on April 29, 2021. As of May 2021, the token is only available for trading on Uniswap (V2).

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