New Listing: XinFin (XDC) Token (2024)

We’re excited to announce that the XinFin Network token (XDC) is now available on Liquid exchange. About XinFin XinFin Network, an enterprise-ready hybrid Blockchain Network optimized for international trade and finance. The XinFin network is powered by the native coin called XDC. The XDC protocol is designed to support smart contracts,near-zero GAS fees, 2,000 transactions per second (tps), 2 seconds transaction time, KYC to Masternodes (Validator Nodes) more to provide a powerful platform for both enterprise and retail use cases. 95%+ Network Nodes run by the Community members makes the Network fully Decentralized. XinFin Network is a partner of the R3 Corda Network, building a bridge with the Corda ecosystem. Similarly, launching Ethereum network bridge enables creating all Ethereum based wrapped assets. Wrapped token assets are minted 1:1 with an actual peg to the asset. This feature enables leveraging the Ethereum network effect and leverage benefits of the XDC network like near-zero fees and instant transaction time. XDC token explained The XDC Chain (XinFin Digital Contract) uses XinFin Delegated Proof of Stake (XDPoS), intending to create a ‘highly-scalable, secure, fully permissioned, and commercial grade’ blockchain network. XDC chain fully EVM compatible. XDPoS consensus reduces Energy consumption by 99% Compared to the Traditional Proof of Work-based Network. Growth Model The primary directive of XinFin’s business model is to drive value to The XDC Network through protocol adoption. The XDC hybrid blockchain aims to leverage the power of both public and private blockchain paradigms in a fully permissioned environment. XinFin believes offering the advantages of a public network while also addressing concerns of data visibility and meeting auditability requirements for larger institutions will lead to wide-scale adoption throughout both the public and private sectors. As we move into this new era of blockchain adoption, Atul (the project co-founder) stressed the importance of preserving stringent data security protocols, which led to creating the hybrid blockchain. The XDC Network runs on delegated proof of stake consensus method, generating yields for users staking on the network. To run a masternode, one is required to stake ten million XDC. The community has participated by running masternodes individually and forming pools to collectively run a masternode. The network generates staking rewards, distributed to community members who stake. (ref.link) While XinFin invites interoperability between blockchains, its network offers significant competitive advantages, including smart contract capability, +2,000 TPS, near-zero fees, and instant finality. It has led to stablecoin deployment on the platform. These features also contribute to the network’s desirability as a base layer for applications. Required to pay just a fraction in fees, applications on The XDC Network -— including two of its flagship Dapps, TradeFinex, and Blockdegree — are enabled to work with cost-efficiency. Additionally, a fractional percentage of the fees generated through applications is coded to be diverted to a burning contract — which means those coins are destroyed permanently. And they can never be reaccessed. It creates a deflationary pressure on the coin, thereby creating scarcity the more it is used. Applications like TradeFinex enable regulated financial institutions and/or fintech originators to use the protocol as a SaaS-based model to raise liquidity towards funding MSMEs and generate yields from staking. While the developer community is active, the team has been positioning TradeFinex, specifically, through co-founder Mr.Atul’s efforts and the expansive tree of financial enterprise connections, to drive institutional participation, giving the network an edge in the enterprise adoption race. (This is a crucial distinction to make when comparing our network to other networks with more expansive developer communities.) Beyond this, XinFin is looking to attract more developers to build on its platform. In all, the team at XinFin believes XDC is well-positioned to connect real-world finance origination to DeFi markets. XinFin’s focus is for XDC to be a de-facto standard for recording payment obligations for institutions which include buyers, suppliers, governments, and banks. The XinFin Developers Toolkit: XinFinScan: a dynamic, user-friendly block explorer that shows users details about current blocks and transactions through the XDCScan feature. XinFin Masternode: the one-of-a-kind, one-click masternode installer is currently the easiest and smoothest method of earning XDC on the XinFin network. XinFin Wallet: this multi-purpose wallet supports XinFin XDC, XDCt (Apothem Testnet), XDCe (ERC20), Ethereum, USDT Tether, USDC Circle, all in one easy to share and open-source platform. XinFin Stats: users can keep a watchful eye on the current metrics through the XinFin Stats feature to keep up with the number of masternodes, TPS, masternode performance, finality, and other essential metrics. In turn, this empowers the community in making informed choices, which is a fundamental principle of decentralized communities. XDC Token Utility At its core, XDC is the native fuel of The XDC Network. It is like ETH on Ethereum. XDC acts as a staking mechanism to run validator masternodes. XDC powers all applications deployed on the network and acts as a utility settlement token for those apps. XDC is the basic fuel for smart contracts, applications, payment confirmations. For example, many applications, including BlockDegree, use payment in the XDC token to store immutable educational exam certificates with their identity on the networkwhile providing actual storage on IPFS. The TradeFinex protocol uses XDC tokens to record smart contract payment obligations. It covers risk and acts as collateral for tokenized invoices or other instruments related to international trade finance. XDC is used as a utility settlement token for any contract deployed through MyContract and is also used for contract creation fees. Beyond this, many Ethereum-based applications can deploy their smart contracts on The XDC Network as a part of their multi-chain strategy. All those contracts would use XDC as the native fuel. XDC utility page. Notable Milestones As of February 2021, more than 140 institutions/individuals participate in the network by staking 1.42 billion XDC, with 12,000+ Wallets (with an XDC balance). Approximately 700K XDC have already been burned or destroyed permanently. More than a dozen decentralized applications have been deployed on the blockchain network, including the following flagship applications: TradeFinex: An alternative investors’ network. It is currently live with the SGD and is also undergoing integration with more originators, scaling up liquidity pools. Will integrate with exchanges and custodians who can offer yields to their stakers. Enables payment obligation and smart contract utilization of XDC. MyContract: a scalable, blockchain agnostic, decentralized Oracle data framework, already in partnerships with top industry players like Chainlink and Razor Oracle. Colloquially, we would describe MyContract as a “no rocket science” middleware layer - ready to go for both industry and public players. BlockDegree: an “Edtech framework to store degrees or certificates on a blockchain network. The platform already has more than 8,500 registered users, and it’s been recognized by the US Government and Singapore as well.” Stablecoins: Globiance is a regulated entity based in Singapore that launched various fully fiat-backed stable coins like SGDG, EUROG, and HKDG on The XDC Network. USP & Competitive Advantage By successfully positioning The XDC Network as a more cost-effective and efficient platform to connect real-world finance origination to DeFi markets, we believe our network can emerge as the clear leader to record various payment obligations on the blockchain. Eventually, these obligations would include employer-to-employee transactions, which can, in turn, create opportunities for payday loans, mortgage origination, and auto loans on the XDC Network. In the financial industry at broad, governments raise billions of dollars through bonds, which are essentially payment obligations. Currently, no platform focuses on this particular feature. Stepping into this space and enabling these features creates a massive opportunity to run decentralized finance backed by real-world assets on top of The XDC Network. Being a hybrid blockchain, The XDC Network has close connectivity with applications deployed on enterprise platforms, such as R3 Corda. This provides enterprises with full control over their privacy and speed, with the additional benefits of a public network. For this reason, XinFin is gaining traction in the enterprise applications market. The applications deployed on it, such as BlockDegree, are used by enterprises. Besides, TradeFinex is a real-world DeFi application that is starting to see increased adoption from enterprises. There are already multiple stablecoins that have been launched on The XDC Network, as well. Developers on Ethereum will find that deploying their applications on The XDC Network can be infinitely more scalable and cost-effective. B2C value propositions XinFin seeks to function as a deflationary liquidity supply chain, a DeFi platform for a range of applications — including travel booking, utility payments, education, NFTs, and smart contracts. B2B value propositions XinFin looks to meet the market need for governance-driven hybrid blockchain platforms for enterprise applications in Trade Finance, payments, and payment obligations while demonstrating interoperability with R3 Corda. The XDC Network protocol is regulatory compliant. Relevant Links: Twitter: https://twitter.com/XinFin_Official Facebook: https://www.facebook.com/XinFinHybridBlockchain/ Github: https://github.com/XinFinorg Bitcointalk: https://bitcointalk.org/index.php?topic=1989818.0 LinkedIn: https://www.linkedin.com/company/xinfin/ Telegram: https://t.me/xinfintalk Reddit: https://www.reddit.com/r/xinfin/ Medium: https://medium.com/xinfin Where can you buy XDC? XDC is now available for instant purchase via trading or Quick Exchange where Visa cards are accepted globally. Currently, available trading pairs are XDC/BTC, XDC/USDT, XDC/SGD. Learn more about XinFin via https://xinfin.org/.