The XDC Network, which combines the power of public and private blockchains with interoperable smart contracts, has announced it is offering an online global DeFi hackathon in cooperation with Devpost and Inac Consulting starting October 11 at 10:00 a.m. ET on Devpost, which powers most of the world's software competitions on its platform. Register now at xdc.devpost.com

The purpose of the hackathon, which continues until December 19 at 5:00 p.m. ET, is to build your dream DeFi project on XDC Network.

The XDC Network is a Layer 1 EVM (Ethereum Virtual machine) compatible network, which means what runs on Ethereum will run on XDC Network. The enterprise-grade XDC Network is compatible with ISO 20022 financial messaging standards and can power a wide range of novel blockchain use cases. Equipped with both public and private states, the XDC Network was designed to meet the needs of enterprises with concerns about information transparency and data privacy. The delegated proof-of-stake mechanism (XDPoS) by which the network reaches consensus allows for two-second transaction time, near zero gas fees. Military-grade security through 2/3 node validation. User-friendly, customizable block explorer and network statistics pages offer unprecedented transparency where required.

In this hackathon, you’ll learn the capabilities of XDC and build your dream Dex or DeFi project on the XDC Network. Expand your knowledge of blockchain, get a shot at some great prizes and grow your Project with the XDC Community. The XDC community would love to try out your project so share it on Twitter with #BuilditOnXDC, #XDC, and #WeAreXDC.

$50,750 in XDC PRIZES
$20,000 in the Dex Track
$14,000 in the DeFi (Stablecoin backed by XDC) Track
$10,000 in the Ported dApp Track
$1,000 to 5 Honorable Mentions
$1,750 across Developer Forum MVPs


REQUIREMENTS
WHAT TO BUILD
Build a working dApp on the XDC Network within one of the categories listed:

Dex(Decentralized Exchange): Build your dream Dex with great UI and safety. Add staking/farming options. Optionally check and use https://defiforxdc.vercel.app as DeFi base and add your code to the contracts. Bonus points for Stablecoin integration or using new created stablecoin (DAI type).
DeFi - Stablecoin backed by XDC: Build a Stablecoin backed by XDC(DAI type stablecoin) and utilize the potential of the XDC Network.
Ported dApps: dApps that are ported for any of the above categories or disruptive, new dApps ported from other chains benefitting XDC network utility.
Note: All dApps must be deployed on the XDC Network Mainnet.

Please first deploy on XDC Testnet (Apothem Network). Once you're satisfied and ready to deploy on mainnet (XDC Network), request XDC for deployment by filling this form https://forms.gle/6nbRCS95w4K6hEcPA. If approved, XDC will be sent to you within 1 - 3 business days.

WHAT TO SUBMIT
Code. Submit your project code as a pull request to the XDC Hackathon repository here. You will also need to provide a URL to your open-source GitHub repository for judging and testing. Your code repository must be public and include an open-source license.
Video. Include a video (about 3 minutes) that demonstrates your project submission. Videos must be uploaded to YouTube, Vimeo, or Facebook Video and made public.
Write Up. Briefly describe the project's workflow, limitations, tech stack and identify which category you are submitting into.

DEVELOPER PORTAL MVP BONUS PRIZE
If you have a technical question, tips or tricks, or any other technical guidance - it might help your fellow developer. Share it on the XDC Developer Forum to help out and get a shot at the Developer Forum MVP prizes

LONDON, UK / ACCESSWIRE / March 31, 2021 / LAB577, an established software firm at the nexus of emerging technology and financial services, has today announced that XinFin FinTech, an enterprise-ready hybrid blockchain technology company is the first company to utilise the DASL Crypto Bridge. This bridge enables XinFin's XDC to move from The XDC Network over to the public Corda Network to be used as a settlement token inside the Corda ecosystem.

DASL is an adaptable technology solution for digital assets, built on Corda and uniquely designed to be interoperable with other DLTs to allow for consolidation of technology over time. The launch of the first Corda to crypto bridge, powered by DASL, means that value can move freely between the Corda public network and other leading public blockchain networks.

With this unique bridging technology, data can be recorded privately on the Corda network, while limited data sets are transferred to the XDC public network- in essence, mitigating institutional risk and turning Corda into a hybrid network. By extension, this shared ledger will connect the XDC token with every other CorDapp on the public Corda Network.

"Regulatory agencies and financial institutions have selected both Corda and The XDC Network as suitable platforms to engage with blockchain technology. They did not just randomly throw a dart at a board," said Atul Khekade, co-founder of XinFin.

This R3 Corda bridge also enables XinFin to significantly increase its interoperability within the Corda ecosystem, providing direct access to the business networks and financial institutions active on the Corda Network. These include the trade finance consortia operating on Corda. Such Corda network participants are especially relevant to XinFin's TradeFinex platform.

Further, this enables XinFin to continue developing their vision of unifying siloed networks into one metaphorical tree with many branches. This tree finds its roots through the DASL to XDC network bridge - the first of its kind - which will work to support a Corda ecosystem where enterprises are provided full control over the privacy and speed of sensitive data and transactions, while public blockchain states allow for data to remain transparent and verifiable.

"Given the tremendous work XinFin have done to support their community and to support their cryptocurrency, they have become the leading token of value within the public Corda network. We are delighted to support XinFin with DASL to get the crypto bridge in place, making it a first for the public Corda network," said Richard Crook CEO & Founder at LAB577.

DASL has a strong track record in providing accelerating technology solutions for digital asset ventures.

Atul Khekade explains: "We're delighted to be able to demonstrate how XinFin and the XDC network are capable of not only crossing the bridge between different types of ledgers but also how the ecosystem is expanding. Through this first step, we are enabling interoperability with the Corda Network."

The bridge is an important milestone in achieving interoperability and demonstrating the use cases underpinned by XinFin's XDC network. With this step, XinFin and Corda open the door for more institutional participation in blockchain technology. These developments forecast a future where digital assets, such as the XDC token, operate as fuel powering a new decentralized financial experience.

"This truly is the first step towards the future of an inclusive financial system, where people can use these applications and tokens on different platforms and interoperate with each other - this is the financial system of the future," concluded Khekade.

About DASL:

DASL is an adaptable technology solution to enable the future of financial services. It offers a production-ready, robust, finance grade application which can be used for tokenization of any type of underlying asset - a complete, hosted solution for issuance, portfolio management, trading and settlement of digital securities. Supported and maintained by the LAB577 team, a team with over 80 years of combined experience building and maintaining trading and risk systems in tier 1 financial institutions. For more information please visit: https://lab577.io/dasl/powered-by-dasl/

About XinFin Network:

The XDC Network - created by eXchange inFinite (XinFin) - is a delegated proof of stake consensus network (XDPoS), enabling hybrid relay bridges, instant block finality, and interoperability with ISO 20022 financial messaging standards, making XinFin's Hybrid Architecture developer-friendly. XinFin Digital Contract (XDC) is the digital asset that powers the The XDC hybrid blockchain network. The XDC token acts as a settlement mechanism for decentralized applications (dApps) built on The XDC Network. For more information please visit: https://xinfin.org/

The XinFin community has decided to further reduce the supply of XDCE tokens, after the last major 2.1 billion, 300 million, 200 million, 500 million, 500 million, 500 million token burn. Hence, the network burns 300 million XDCE tokens taking the total supply of XDCE from 900 million to 600 million tokens. The community also plans to further reduce the supply of the XDCE tokens in the near future until the contract termination of XDCe (currently proposed 31st March 2021). The users holding XDCE are requested to swap their XDCE with XDC before 31 March 2021. Swaps for the XDCE users will be provided by AlphaEx.



XDCe Burning Transaction Detail:
Token Burn Hash: https://etherscan.io/tx/0xd9ac430a4ffb217c148138d473d14d50b7e5e35128b494abe5d552a6c07074be
Token Address: https://etherscan.io/token/0x41ab1b6fcbb2fa9dced81acbdec13ea6315f2bf2
We Are Open to Feedback
We believe that we can deliver the best of the XinFin network and the XDCE and XDC tokens to our users only when we know what our community members need. This is why we welcome feedback from our community members with open arms and work on them to make the network ready for the digitized future.

For any queries reach us through the below medium:
Discord: https://discord.gg/uuSYtEZNTp
Reddit: https://www.reddit.com/r/xinfin/
Telegram: https://t.me/xinfin
Slack: https://launchpass.com/xinfin-public

XinFin FinTech, an enterprise-ready hybrid blockchain technology company, is now set to launch its regulated XDC index following a strategic collaboration with the regulated index provider Vinter.

The Vinter XinFin XDC/USD Index is a key component to launch exchange-traded products containing the XDC token - the native utility token and fuel of The XDC Network.

Atul Khekade, founder of XinFin explains: "The XDC Network is a hybrid blockchain network empowered by the XDC digital asset for settlement purposes. XinFin focuses on regulated industries such as payments, trade finance, and capital markets. By partnering with Vinter, we bring our institutional partners a regulated index to develop their investment products on."

Jacob Lindberg, founder, and CEO of Vinter adds: "Building a regulated XDC index is an important first step for XinFin to institutionalize its offering and to build financial products based on XDC. The index is designed to be tradeable and reliable."

Positioning XDC for Institutional Investors

The Vinter XinFin XDC/USD Index is a single crypto asset index that has been developed to provide a rules-based and transparent way to track the price of XDC in US dollars (USD). Both the administration and calculation are compliant with standards required by the International Organization of Securities Commissions (IOSCO) and the EU Benchmarks Regulation (EBR) - ensuring competent record-keeping and data integrity.

The XDC index methodology combines the best of traditional calculation methodologies while making appropriate adjustments for factors such as liquidity, exchange stability and regulatory requirements.

With the crypto market still in its infancy, there remains a challenge to establish accurate indexing methods - however, Vinter has successfully overcome these challenges through its reliable and accurate indexing solution, making the Vinter XinFin XDC/USD Index an attractive proposition for investment funds, custodians, and investors looking to gain exposure to an asset that has appreciated by more than 2500% in the last year alone.

The index is set to be launched on the first of March 2021, following approval by the European Securities and Markets Authority (ESMA). Subsequently, the index will be available to trade on a regulated exchange platform.

About XinFin Network

The XDC Network - created by eXchange inFinite (XinFin) - is a delegated proof of stake consensus network (XDPoS), enabling hybrid relay bridges, instant block finality, and interoperability with ISO 20022 financial messaging standards, making XinFin's Hybrid Architecture developer-friendly. XinFin Digital Contract (XDC) is the digital asset that powers The XDC hybrid blockchain network. The XDC token acts as a settlement mechanism for decentralized applications (dApps) built on The XDC Network.

Website: https://xinfin.org/

About Vinter

Vinter was founded in Stockholm in 2019 with the mission to further the global adoption of blockchain technology. For this, Vinter developed the first-ever crypto indexes in the Nordics approved by the European Securities and Markets Authority (ESMA). Vinter introduces crypto assets to the traditional financial industry and reliable pricing and trust to the blockchain community. The products bridge the professional investment industry with the blockchain community. Vinter is a multinational team of individuals with diverse backgrounds and experience in cryptocurrency research and trading, data engineering, corporate law, investment banking, and structured products.

Website: https://www.vintercapital.com/

The XinFin community has decided to further reduce the supply of XDCE tokens, after the last major 2.1 billion, 300 million, 200 million, 500 million, 500 million token burn. Hence, the network burns 500 million XDCE tokens taking the total supply of XDCE from 1.4 billion to 900 million tokens. The community also plans to further reduce the supply of the XDCE tokens in the near future until the contract termination of XDCe (currently proposed 31st March 2021). The users holding XDCE are requested to swap their XDCE with XDC before 31 March 2021. Swaps for the XDCE users will be provided by AlphaEx.



XDCe Burning Transaction Detail:
Token Burn Hash: https://etherscan.io/tx/0x3e9894ddfb466c918f2a7583790753329115cc787dfe697e568281f985f3d111
Token Address: https://etherscan.io/token/0x41ab1b6fcbb2fa9dced81acbdec13ea6315f2bf2

We Are Open to Feedback
We believe that we can deliver the best of the XinFin network and the XDCE and XDC tokens to our users only when we know what our community members need. This is why we welcome feedback from our community members with open arms and work on them to make the network ready for the digitized future.

If you have any feedback to share or questions to ask, feel free to reach out to us on any of the below-mentioned places:
Twitter: @XinFin_Official
LinkedIn: https://www.linkedin.com/company/xinfin/
Telegram: https://t.me/xinfin
Slack: https://launchpass.com/xinfin-public

The XinFin Digital Contract (XDC) network — an enterprise-ready, hybrid blockchain ecosystem — is expanding rapidly, driven by a plethora of utility and use-cases. In the context of rising community participation, prioritizing security, privacy, and usability is emerging as a matter of utmost necessity.
Envisioning an optimally decentralized world, XinFin strives to foster steady and spontaneous adoption by SMBs, enterprises, and governmental entities. Among other things, there’s a need to make XDC-based transactions fully secured and private, and in doing so, the XinFin Web Wallet offers a novel Send Offline Functionality. In this article, we discuss the major aspects of this feature, as well as provide a step-by-step guide to offline XDC transactions.

What is Send Offline Functionality (SOF)?
Send Offline Functionality or SOF is a security-enhancing feature of the XinFin Web Wallet, involving two computers. One of these computers remains online, while the other has to be disconnected from the internet, either by using the Aeroplane Mode or otherwise. The offline computer processes the transaction off-chain and the online computer broadcasts the transaction to the network. As the user’s private key is used and stored on the offline computer, the process minimizes the risks involving malware and/or hacks.

Hardware Requirement

Computer 1 (Offline): This computer has to be used after complete formatting and re-installation of the OS, apart from completely disabling the network card.
Computer 2 (Online): This computer shall be connected to the internet. Consequently, it must have updated antivirus and internet security solutions installed.
USB Drive: A fresh USB drive is to be used, dedicated solely to the purpose of transacting XDC offline.
Camera (Optional): Although optional, one might use a camera for scanning QR codes.

Transacting XDC Offline: A Three-Part Process
Broadly, the Send Offline Functionality can be split into three parts or tasks, as enumerated below:
Task 1: Downloading and running the offline (local) XDC wallet.
Task 2: Generating the transaction on the offline computer.
Task 3: Sending the transaction using the online computer.

Task 1: Download & Run the Offline XDC Wallet
Step 1: Download the latest version of the wallet software from XinFin’s official GitHub channel.
The setup files are available as XDC.Wallet.vX.X.XXXX.zip (here, ‘X’ represents the version number). Make sure that you download the latest version.
After downloading the file using the online computer, transfer it first to a USB drive (or, any other storage device).

Step 2: Plug the USB drive into the offline computer, extract all the files in the zip document, and save them in your desired location. When the extraction is complete, open the destination folder and double click on the ‘index.html’ file.

index.html File

After completing Step 2, your local XDC wallet will open in your browser, along with the warning that it’s unable to connect to the network. Understandably, this is normal and you need not worry. Since the wallet is offline, you won’t be able to view your XDC or other token balances from this interface. If you wish, you can perform these actions securely and publicly using XinFin’s native network explorer, namely XinFinScan.

Task 2: Generate the Offline Transaction
Step 1: Once you have the offline wallet open from Task 1, make sure you select XinFin Network visible on the interface.


Step 2: Access your wallet normally, while selecting the ‘Send Offline’ option from the menu available on the left-hand sidebar. Using this feature, you can send XDC OR all Custom Tokens deployed on the XDC network.


Step 3: In the transaction-building phase, you can manually input the nonce, transaction details, receiver’s address, and the gas price. Otherwise, you can import the JSON file from the connected USB drive.
To generate the nonce, visit the Send Offline Helper page using an online computer. Under the Utilities section on this interface, click on the Select Functionality dropdown menu and select Nonce. Then, type in your offline computer’s address (sender’s address) into the Address segment, which will automatically return the nonce in the relevant section.
In case you are sending to a contract, you may have to use a higher gas limit to account for the additional data.

Step 4: Click on Generate Transaction.


Step 5: Copy the long-string address under the Signed Transaction section and paste it in a text file (.txt) or you can also download the new JSON file containing the signed transaction’s details. Either way, copy the file to the USB drive, necessary for the third and final task of the process.



Task 3: Send the Transaction Using XinFin Web Wallet
Step 1: Visit your XinFin Wallet (Web) from the online computer, apart from plugging the USB drive containing the signed transaction’s text file into this computer.

Step 2: In the footer section at the bottom of the page, find and choose the Send Offline Helper option to execute your offline transaction. Alternatively, you can directly visit the Simple Wallet page mentioned in Task 2, Step 3.

Step 3: Under the Raw TX Decoder section, paste the signed transaction’s address saved in the USB drive. If you wish, you can also use the QR scan option.


Step 4: Review the details of the transaction, and if everything is correct, click on Publish.


At this point, having completed each of the aforementioned steps, you will find your transaction’s hash (TX Hash) under the Status section.


Congratulations! You have successfully performed an offline XDC transaction and can verify its final status using XinFinScan.
To conclude, let us put in a word of caution. Although the protocol undergoes stringent testing, it’s advisable to begin by transacting small amounts, especially because the solution is still in its Beta phase. Apart from the native wallet mentioned above, users can also perform offline transactions using other XDC wallets.

Useful Links
D’CENT Biometric Hardware XDC Wallet
Other Compatible Wallets & Exchanges

On January 29, 2021, D’CENT Wallet announced the listing of the XinFin Digital Contract or XDC coin — the native token of XinFin’s public-private hybrid blockchain ecosystem. In a drive that promotes the usability of solutions in Decentralized Finance (DeFi), XDC token holders will now be able to manage their assets using D’CENT’s unified, secured, and multi-functionality digital wallet platform.

The D’CENT ecosystem comprises state-of-the-art hardware wallet solution, while the platform’s unified mobile interface enables users to seamlessly manage three crypto-wallets — Biometric Wallet, Card-Type Wallet, and Software Wallet. In the initial phase of the said integration, XDC will be available to D’CENT’s Biometric Wallet — a unique, Bluetooth-enabled hardware wallet solution — and Software (App) Wallet users.

To ensure optimum usability and ease-of-access, developers at D’CENT have designed an extremely simple setup process for these wallets. To start managing their XDC tokens using the D’CENT wallet, users need to perform the following steps:

• Log-in to their D’CENT wallet.
• Select the preferred language.
• Create a new wallet or recover their existing wallet by following the on-screen instructions.
• Create a personalized 4-digit security pin.
• Scan their fingerprint using the biometric verification device to generate their unique 24-phrase recovery seed code.

Existing Biometric Wallet users, who are already logged into the D’CENT application need to upgrade their biometric firmware by visiting D’CENT’s support page for upgrades. The company also provides a detailed user-guide to assist the process. As for D’CENT’s mobile applications, the XDC integration is compatible with versions 4.5.0 or higher, both for Android and iOS users.

On account of this integration, D’CENT becomes the first hardware wallet for the globally-expanding, enterprise-ready XDC network. Realizing that the special event calls for adequate celebration, as well as incentive adoption of their innovative solution, D’CENT has announced a limited-period offer.
The first 100 customers to newly purchase the Biometric Wallet will get $89 worth of XDC, while the next 100 customers will get $50 worth of XDC. Further, the D’CENT Official Store is now offering a special, discounted price for members of the XDC Community. For further details, the reader can check D’CENT’s official announcement.

About D’CENT
Launched in 2018, by IoTrust — a Korean Tech & Security Specialist firm with over 20 years of industry experience — D’CENT is a state-of-the-art hardware wallet ecosystem, comprising a Biometric Wallet, a Software Wallet, and a Card-Type Wallet. Backed by the RSK framework and featuring RRC-20, RIF compatibility, D’CENT wallet is the first wallet solution in the industry to leverage Bitcoin-based smart contracts. D’CENT also has mobile applications for Android and iOS users, which are secured with military-grade security protocols and optimally prioritize end-user privacy.

About XinFin XDC Network
XinFin is a first-of-its-kind, public-private hybrid blockchain platform, fully optimized for international trade and finance. Powered by its native XDC token, the network has smart contract compatibility and can handle over 2000 TPS, with a minimal fee of $0.0001 and a confirmation time of 2 seconds. As a whole, the XDC ecosystem comprises multi-dimensional solutions, ranging from robust KYC/AML protocols to Masternode (Validator Node) implementation toolkits. An innovative XinFin Delegated Proof of Stake (XDPoS) consensus mechanism secures the network’s underlying XDC Chain, thereby ensuring optimal scalability and enterprise-grade usability. The ownership of XDC tokens implies access to several real-world use cases, such as TradeFinex which connects SMBs in the trade sector with a growing community of alternative investors. Further, along with XinFin’s roadmap, such use-cases are on track towards addition and diversification, as underscored by XcelPay’s adoption of the XDC token.

On account of this integration, D’CENT becomes the first hardware wallet for the globally-expanding, enterprise-ready XDC network. Realizing that the special event calls for adequate celebration, as well as incentive adoption of their innovative solution, D’CENT has announced a limited-period offer.

The first 100 customers to newly purchase the Biometric Wallet will get $89 worth of XDC, while the next 100 customers will get $50 worth of XDC.


Further, the D’CENT Official Store is now offering a special, discounted price for members of the XDC Community. For further details, the reader can check D’CENT’s official announcement: https://medium.com/dcentwallet/special-event-for-xdc-integration-at-dcent-wallet-a5d6f3716f97

On January 26, 2021, XcelTrip — a decentralized travel booking platform — has unfurled its latest XinFin Mainnet integration, which now enables the platform’s users to pay for their hotels and flights using XDC tokens. Traditionally, the process has to be completed using Credit/Debit Card, Net Banking, or UPIs, which entailed significant security risks, including breach of confidential information, interception, phishing, and so on.

Furthermore, centralized payment methods have, time and again, been found guilty of compromising the user’s privacy, both in favor of governments and monopolistic corporations. On the contrary, decentralized, crypto-based payments leverage advanced encryption mechanisms, thus ensuring optimal degrees of security, privacy, and autonomy for end-users. Backed by such features, crypto-assets are increasingly emerging as the preferred method for online payments and transactions — a trend that XcelTrip’s upgrade is duly integrating.



As a unique, blockchain-based platform within the travel sector, XcelTrip has ties with over 1.5 million hotels from around the world, alongside offering booking services for over 400 airline companies. Following the aforementioned integration, the platform’s global clientele will be able to avail of these services using their XDC tokens. In turn, this contributes to the ongoing drive to strengthen mainstream adoption of cryptocurrencies and blockchain technology.



In comparison with a majority of popular cryptocurrencies, such as Bitcoin and Ethereum, the XinFin Digital Contract (XDC) Network has a substantially greater throughput and speed. In this regard, the network can handle over 2,000 transactions per second, with a confirmation time of around 2 seconds. Furthermore, considering the minimal fee of $0.0001, transactions made using XDC tokens are cost-efficient and affordable. In other words, XDC-based payments mitigate all of the major usability and efficiency shortcomings that customers face while using cryptocurrencies.



Innovating the first-of-its-kind solution for travelers from around the world, XcelTrip will also enlist XDC as a currency for its official wallet, which strives to bridge the gap between consumer use-cases and merchant payment solutions. Using the XcelPay Wallet, consumers can now make payments using their XDC tokens, at a wide range of restaurants, spas, hotels, bars, convenient stores, and gas stations.

Simultaneously, eCommerce business owners can leverage the robust, seamless, and easily-integratable XcelPay API to start accepting payments in XDC and other cryptocurrencies. Accepting crypto-based payments will certainly provide a substantial competitive edge to businesses, backed by the domain’s immense potential and rapidly-expanding user community. The collaboration between XcelTrip and XinFin marks a promising forward step in this journey.

About XcelTrip
XcelTrip is a next-gen, blockchain-based, and decentralized solution, designed with the intent to disrupt the trillion-dollar travel industry. Alongside an expanding partner base of over 1.5 million hotels and 400 airline companies, the platform strives to democratize use-cases within the blockchain and cryptocurrency domain. Leveraging the platform’s web, android, and iOS applications, XcelTrip users can pay for their travel needs using Bitcoin, Ethereum, Dash, Litecoin, Verge, KAU, and Binance Coin. XcelTrip also has a native utility token — XcelToken Plus — and is now integrating the XDC token.

About XinFin
XinFin is a first-of-its-kind, public-private hybrid blockchain platform, fully optimized for international trade and finance. Powered by its native XDC token, the network has smart contract compatibility and can handle over 2000 TPS, with a minimal fee of $0.0001 and a confirmation time of 2 seconds. As a whole, the XDC ecosystem comprises multi-dimensional solutions, ranging from robust KYC/AML protocols to Masternode (Validator Node) implementation toolkits. An innovative XinFin Delegated Proof of Stake (XDPoS) consensus mechanism secures the network’s underlying XDC Chain, thereby ensuring optimal scalability and enterprise-grade usability. The ownership of XDC tokens implies access to several real-world use cases, such as TradeFinex which connects SMBs in the trade sector with a growing community of alternative investors. Further, along with XinFin’s roadmap, such use-cases are on track towards addition and diversification, as underscored by XcelPay’s adoption of the XDC token.

The XinFin community has decided to further reduce the supply of XDCE tokens, after the last major 2.1 billion, 300 million, 200 million, 500million token burn. Hence, the network burns 500 million XDCE tokens taking the total supply of XDCE from 1.9 billion to 1.4 billion tokens. The community also plans to further reduce the supply of the XDCE tokens in the near future until the contract termination of XDCe (currently proposed 31st March 2021). The users holding XDCE are requested to swap their XDCE with XDC before 31 March 2021. Swaps for the XDCE users will be provided by AlphaEx.



XDCe Burning Transaction Detail:
Token Burn Hash: https://etherscan.io/tx/0xba13d81425aa5d59318dd7284347e81f2dae0f743d6e3abd84151793b32a01c7
Token Address: https://etherscan.io/token/0x41ab1b6fcbb2fa9dced81acbdec13ea6315f2bf2

We Are Open to Feedback
We believe that we can deliver the best of the XinFin network and the XDCE and XDC tokens to our users only when we know what our community members need. This is why we welcome feedback from our community members with open arms and work on them to make the network ready for the digitized future.

If you have any feedback to share or questions to ask, feel free to reach out to us on any of the below-mentioned places:
Twitter: @XinFin_Official
LinkedIn: https://www.linkedin.com/company/xinfin/
Telegram: https://t.me/xinfin
Slack: https://launchpass.com/xinfin-public

Get a quick pre-approval for the Bounty.


Apply for any wallet, Custodian, or Exchange integration, or Building dapps on XDC Blockchain Network.

Program type: Public bug bounty.

Bounty subject to approval by the governance community.

Apply here: https://docs.google.com/forms/d/e/1FAIpQLScTlg-U-AfYsycWnB5b5clpAOybBkerR4ZlkoM2nBQoNynzPQ/viewform

New Bounty 1: Crypto Custodian Integration Fees Bounty

Want to see XDC listed on your favorite Cryptocurrency asset custodian? If you are willing to pay for technical integration fee for the custodian, then you will get up to 140% of the tech integration fees in XDC. I.e. if you incur a cost of USD 20,000 for technical integration with a crypto exchange, then your bounty will be up to USD 28,000 equivalent XDC as per market rate.
Rules:
1. The crypto asset custodian should be regulated.
2. Should be listed on other top projects.
3. Include info@xinfin.org in your communication with the wallet technical integration team.
4. Get an invoice for Tech integration for the XDC network.
5. You will get up to 140% of the tech integration fees in your wallet.


New Bounty 2: Hardware/Software Wallet Integration Fees Bounty

Want to see XDC listed on your favorite hardware/software wallet? If you are willing to pay for technical integration fee for the wallet, then you will get up to 140% of the tech integration fees in XDC. I.e. if you incur a cost of USD 20,000 for technical integration with a crypto exchange, then your bounty will be up to USD 28,000 equivalent XDC as per market rate.
Rules:
1. The wallet should be a credible one 4+ stars in a review. Should have 100,000+ in downloads.
2. Should be listed on other top projects.
3. Include info@xinfin.org in your communication with the wallet technical integration team.
4. Get an invoice for Tech integration for the XDC network.
5. You will get up to 140% of the tech integration fees in your wallet.


New Bounty 3: Exchange Integration Fees Bounty

Want to see XDC listed on your favorite Digital Asset Exchange? If you are willing to pay for technical integration fee for an exchange, then you will get up to 140% of the tech integration fees in XDC. I.e. if you incur a cost of USD 50,000 for technical integration with a crypto exchange, then your bounty will be up to USD 70,000 equivalent XDC as per market rate.
Rules:
1. The exchange should be a credible one. Ranked within the top 100 on CMC. Regulated exchange is preferable.
2. The pairing should be in Fiat currency.
3. Include info@xinfin.org in your communication with the exchange technical integration team.
4. Get an invoice for Tech integration for the XDC network.
5. You will get up to 140% of the tech integration fees in your wallet.


Check other bounties at https://xinfin.org/bounty

The XinFin community has decided to further reduce the supply of XDCE tokens, after the last major 2.1 billion, 300 million token burn.
Hence, the network burns 200 million XDCE tokens taking the total supply of XDCE from 2.6 billion to 2.4 billion tokens. The community also plans to further reduce the supply of the XDCE tokens in the near future.



XDCe Burning Transaction Detail:
https://etherscan.io/token/0x41ab1b6fcbb2fa9dced81acbdec13ea6315f2bf2
https://etherscan.io/tx/0x9b31ebb1864f852bbf8976f8faed643faa3de8c962579a1e8f3c208799c791cc
We Are Open to Feedback
We believe that we can deliver the best of the XinFin network and the XDCE and XDC tokens to our users only when we know what our community members need. This is why we welcome feedback from our community members with open arms and work on them to make the network ready for the digitized future.
If you have any feedback to share or questions to ask, feel free to reach out to us on any of the below-mentioned places:
Twitter: @XinFin_Official
LinkedIn: https://www.linkedin.com/company/xinfin/
Telegram: https://t.me/xinfin
Slack: https://launchpass.com/xinfin-public

The XinFin community has decided to further reduce the supply of XDCE tokens, after the last major 2 billion burn.
Hence, the network burns 300 million XDCE tokens taking the total supply of XDCE from 2.9 billion to 2.6 billion tokens. The community also plans to further reduce the supply of the XDCE tokens in the near future.


XDCe Burning Transaction Detail: https://etherscan.io/token/0x41ab1b6fcbb2fa9dced81acbdec13ea6315f2bf2
https://etherscan.io/tx/0x01ee31947033507f1377e0aafdb6dbaace75e88f0c7eb1979f1929980abaab5a
https://etherscan.io/tx/0xc29db2613bad3ba90772ee831405b18b0da3cd4dabf4501ee433046a02f2a0ad

The XinFin Network has brought its community members a range of benefits such as smart contract support, near-zero gas fees, rapid transaction speed of fewer than two seconds, and also a reduction in energy consumption by 99% as compared to popular PoW networks.

We Are Open to Feedback
We believe that we can deliver the best of the XinFin network and the XDCE and XDC tokens to our users only when we know what our community members need. This is why we welcome feedback from our community members with open arms and work on them to make the network ready for the digitized future.

If you have any feedback to share or questions to ask, feel free to reach out to us on any of the below-mentioned places:
Twitter: @XinFin_Official
LinkedIn: https://www.linkedin.com/company/xinfin/
Telegram: https://t.me/xinfin
Slack: https://launchpass.com/xinfin-public

On the morning of December 3, a hot-swap wallet on AlphaEx Exchange with over 300 Million XDCe was hacked. XDCe is an ERC-20 token that is swappable 1:1 on Alphaex exchange with XDC, Xinfin’s network mainnet coin. The subsequent dumping of the stolen XDCe by the hacker on decentralized exchanges threw the price balance of XDCe out of equilibrium with its more secure counterpart XDC, resulting in a significant price drop of XDCe. As a result of this drop, many people rushed to buy the lower-priced XDCe in hopes of exchanging them 1 for 1 with XDC.
At no time were customer funds compromised.

Having 2 tokens under these circumstances has created a unique challenge as we have worked to resolve the issues surrounding this hack and implement a solution that supports our community’s success moving forward. During this time, AlphaEx has put forth a plan to allow the swap of the purchased XDCe tokens by the community in an effort to honor the 1:1 swap.

As of Dec 15th, Alphaex has reopened the exchange to restart deposits and withdrawals and start to process the swap of XDCe purchased from the time of the hack through Dec 6th 5:30 GMT, for XDC.

Xinfin is cooperating with AlphaEx. In addition, Xinfin has pulled liquidity from exchanges selling XDCe in an effort to stop the sale of stolen tokens. In all of this, Xinfin will keep working in the best interests of the community. We thank you for your continued patience and we are grateful for all of the support that we have received.

To learn more about AlphaEx’s efforts in responding to the hack you can visit https://www.linkedin.com/pulse/proposed-xdcexdc-swap-allocation-community-alphaex-net

What is a stand-by Node or backup Node?
A standby node is a type of node, which exists mainly to replace a permanent node when it fails. That is why; it is also termed as a back-up Node. It does not contain any data or performs any computations. However, when it takes the place of a failed node, it contains all its projects and performs all computations of the replaced node.

What is the Purpose of the Stand-by Node or Backup?
Stand-by Node keeps a check on traffic inflow so that it can automatically take over when the active node fails. Thus, it makes the Blockchain Network more robust and stable. If any Master node / Validators nodes resign or go out of the network, then Standby Node becomes a master node and starts participating to write the Network Transaction.

Master node vs Stand-by Node.
The key differences between a master node and a stand-by node:


Differences between a master node and a stand-by node.
Setting up a Stand-by Node with XinFin MainNet in 8 Simple Steps.
XinFin Nework’s architecture is based on a system of 108 Masternodes with XinFin Delegated Proof of stake (XDPoS) protocol wherein smart contracts can run effectively in 2 second transaction confirmation time. Any number beyond and above 108 is considered a Standby Node or Backup node.

A step-by-step guide to Setup a Stand-by Node with XinFin MainNet in 8 Simple Steps.
Step 1: Download the Stand-by Node installer by downloading from the One-Click Installer tab of https://xinfin.org/setup-masternode.php. Select the option as per your system’s operating system.
Alternatively, you can also download it using a Docker Compose file.


Step 2: Once the same is downloaded, run the same on the server. Continue to complete the installation process.


On the successful installation of the same, you will get the Coinbase address as shown below.


Step 3: View the active node by clicking on the network stats tab


Step 4: Create a new account address from the XinFin wallet. The new address would contain the balance required to propose the Stand-by Node.


Step 5: LogIn to the Stand-by Node app using the private key.


Step 6: Once you become a candidate, upload your Know Your Community (KYC) certificate in PDF format.
This KYC certificate needs to be certified and signed by anyone of the following personnel:
Company Secretary,
A Notary Public,
Chartered Secretary,
Consulate, or
A lawyer with Seal.
Click here to get the KYC format for individual candidates.
Click here to get the KYC format for body corporates or organizations.



Step 7: Once the KYC is uploaded, enter the Coinbase address and lock 10 million XDC tokens before running the Stand-by Node.


Step 8: The proposed node will be added to the Stand-by Node randomly through the Round-Robin method. On successful addition to the Standby Node, the reward will be sent to the assigned XinFin Wallet.


For Stand-by Node Setup FAQ, please read: GUIDE TO SET UP XINFIN MASTER NODE. Also check the Bounty page for Updated Bounty for the latest bounty offer for the community: https://xinfin.org/bounty.php

For how to file Click Here.

Watch the video to Setup XinFin Masternode with a One-Click installer

Live Stand-by Node Setup Support
Join us at our Telegram Development Community.
Or
Talk to our team at the Slack Public Channel.

We always love to hear from our community members. Feel free to drop us a line or share feedback at any of our community channels.

Steps to Resign the backup Node / Stand-By Node on the XinFin network.

About XinFin:
XinFin is an open-source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts and is fully EVM compatible. For more information on XinFin, please visit XinFin.org

With alternative finance expanding rapidly — thanks to new originators and technologies entering the SME finance space — , there’s bound to be radical transformations in the market. As new SME financing platforms emerge, tokenisation and distributed finance (DeFi) will enable organizations to tap into new and unconventional liquidity sources — top among them, retail investors.


Replay webcast Tokenisation & Digital Assets 2 September 2020

Featured on World of Open Account’s (WOA’s) webcast is an example of a lending platform that can reshape the commercial financing industry. (WOA is a learning lab where new originators and inventors can showcase the capabilities of their commercial financing platforms).The webcast was Co-chaired by Andre Casterman and Erik Timmermans. Recently, Casterman joined XinFin Network’s advisory team.

Featuring Tradefinex and XDC, represented by the cofounders of the XinFin network — Atul Khekade and Ritesh Kakkad, the webcast goes into the nitty-gritty of how the XinFin network will reshape the Tradefinane space and benefit Medium and Small Enterprises(MSMEs).

Top on the webcast’s agenda were:
* An introduction to tokenisation and digital assets with regards to the XinFin platform.
* Xinfin tokenization for alternative or unconventional lenders
* Demos on the XinFin platform — invoice factoring using QuickBooks and Xinfin’s liquidity aggregator.
* A brief Q&A session to explain further workings of the alternative financing platform.


Tokenisation, Digital Assets, and XinFin Network

On the webcast, XinFin’s co-founder explains that the Xinfin is a liquidity network that allows MSMEs and financial originators to access decentralized liquidity pools.

At the same time, the webcast expounds on what drives liquidity in the trade finance market. Invoices play an important role in driving liquidity in the supply chain. With more than 36 billion invoices sent between MSMEs and other corporations, invoices play an important role in the transfer of liquidity within the trade finance space. What’s more, the webcast highlights the role of bills of exchange or drafts and letters of credit in driving liquidity within the global supply chain. Notably, letters of credit account for more than USD 17billion of the global trade value. (The total value of global trade is roughly USD 17 trillion, much of which comes from the global banking market).

Whilst banks have attempted to meet the demand for liquidity in the global trade finance market, Xinfin’s cofounder pointed out that there’s still a need to fill the gaps therein via alternative financing. As more jurisdictions implement regulations that guide and categorize alternative investment, the alternative asset investor category is growing by the day.

With XinFin’s network, alternative investors in the global supply chain can prove that they are accredited Know Your Customer (KYC) investors. (The objective of KYC checks and guidelines is to prevent the misuse of financial organizations by criminal elements involved in money laundering activities). As highlighted in the webcast, proving that investors are KYC accredited happens by verifying an investor’s XDC net worth via a KYC regulated custodian on the XinFin Network. Once verified, alternative asset investors can seamlessly declare their net worth, regardless of jurisdiction.

Here’s a snapshot of a KYC accredited investor’s net worth on the XinFin network


The benefits that XDC’s asset verification process avails are: a seamless verification of an alternative investor’s net worth; increased liquidity within the global trade finance market — since virtual assets are easily converted into cash as compared to assets in markets like real estate.


Tokenization

As explained in the webcast, tokenization is the process of converting an offline obligation into an online digital contract that’s transferrable digitally. On the XDC protocol, tokenization follows the English common law standard framework.

Backed up by a comprehensive framework, the XDC system allows offline signing of the documents by counterparties, who record an obligation for legal purposes. To clarify, counterparties can contest the obligations therein, in jurisdictions like Abu Dhabi and Singapore.

To understand the process of tokenization, the presenters highlighted invoice factoring using Quickbooks to show how invoices can be added to smart contracts on the TradeFinex platform. For a more detailed guide on invoice factoring using QuickBooks, here’s a short video.

With invoices and other trade instruments playing a role in the transfer of 17 trillion in the global finance trade, the digitization of offline obligations permits access to a variety of alternative asset investors. Thanks to a decentralized platform, the XDC protocol will avail the largest market infrastructure and liquidity source for enterprises in the global trade finance platform.

As the XDC protocol is accepted as a standard in the global trade space, more liquidity will be unlocked to maximize benefits accrued by MSMEs.


Unlocking Liquidity from Alternative Pools — Liquidity Market Aggregator

To enable originators/platforms to attract liquidity from a variety of asset investors, Tradefinex offers a liquidity market aggregator. The liquidity aggregator can connect with any Distributed Ledger or non-distributed ledger tech platform through a middleware.

Validus is one platform that connects with Tradefinex’s liquidity market aggregator. The platform offers a platform where originators can attract liquidity from alternative asset investors. Leveraging technology to cut costs of financial intermediation, Validus allows SMEs to reap the benefits associated with short and medium-term financing from alternate asset investors.

To highlight the potential of alternative asset investments to SMEs, Validus’ lending exceeds SGD$532,008,755, as of writing.


Interest Payment Via Tokens

On the Tradefinex platform, alternative investors have the option of receiving interest payments in currency or fiat form. Thanks to Tradefinex’s hybrid system, asset investors can receive payments directly into their wallets. Payments can be liquidated in any regulated exchange market, around the world.

Leveraging the versatility of the alternative investment markets and the ease of payment, the XDC network has 108 (+6 backup) XDC master nodes. Note; Master nodes are decentralized participants in the network. Large alternative investors like pension funds can run a master node, allowing them to unlock liquidity for the market.

Currently, the volume liquidated ranges between two and five million USD, daily.


Further Workings of Tradefinex’s Alternative Financing Platform (Q&A)

To ensure easy integration between legacy systems, the Xinfin network offers a robust middleware that allows organizations to connect with peer-to-peer lending platforms. Leveraging the versatility of middleware in the XDC platform, a wide array of origination mechanisms can plug into the XDC framework and participate in unlocking liquidity.

In regards to bearing risks — fraud, and insolvency — , the XDC framework permits originators to work with their desired risk profiles. What’s more, through credit delegation, third parties can lock an originator’s tokens to safeguard small scale alternative asset investors. For larger organizations, proper insurance mechanisms can be established to shield such entities from risks inherent to invoices.

Working with regulated global markets, investors can participate from different jurisdictions, seamlessly. With provisions like digital dispute resolutions at Abu Dhabi Global Market (ADGM), investors from all over the world can mitigate risks, safeguarding their investments in the alternative asset market.

For more insights, watch the full webcast here.

The XinFin Hybrid blockchain network has shown tremendous growth since its launch in 2019. In the last 18 months, the XinFin Network Mainnet has added 19,411,041 blocks and added more than 120 Masternodes and Backup Nodes to support the smooth functioning of the network.

The XinFin Network has brought its community members a range of benefits such as smart contract support, near-zero gas fees, rapid transaction speed of fewer than two seconds, and also a reduction in energy consumption by 99% as compared to popular PoW networks.

Growing Demand for XDC
As the demand for XinFin Network grows and we onboard more community members, the usage of the XDC — the native coin of XinFin Network — is also seeing high demand and usage.

Since the launch, many industry players including exchanges, wallet providers, and custodians have partnered with us to integrate the XDC ecosystem or build applications on it. Other platforms such as Blockdegree, TradeFinex, and MyContract also progressed significantly and boosted the utility of the XDC.

On the other hand, there has been a recent spike in Ethereum gas fees, forcing exchanges to increase their gas fees for XDCE (ERC20 token). To help community members pay lower fees, these exchanges have also switched from XDCE to XDC. This shift has caused a high surge in the usage of XDC.

Burning XDCE Tokens
With XDC gaining more popularity among community members as compared to XDCE tokens, the XinFin community has decided to reduce the supply of XDCE tokens.

Hence, the network will burn 5 billion XDCE tokens taking the total supply of XDCE from 15 billion to 10 billion tokens. The community also plans to further reduce the supply of the XDCE tokens in the near future.

Users must, however, note that the swap between XDCE and XDC will be available only on Alphaex.net Exchange so that they may enjoy the utilities of the Ethereum network as well.

The XinFin team is also working on the automatic swap for XDCE and XDC.

People who are still confused with XDC and XDCE please watch the video: https://youtu.be/SMhAReoVRdc

We Are Open to Feedback
We believe that we can deliver the best of the XinFin network and the XDCE and XDC tokens to our users only when we know what our community members need. This is why we welcome feedback from our community members with open arms and work on them to make the network ready for the digitized future.

If you have any feedback to share or questions to ask, feel free to reach out to us on any of the below-mentioned places:
Twitter: @XinFin_Official
LinkedIn: https://www.linkedin.com/company/xinfin/
Telegram: https://t.me/xinfin
Slack: https://launchpass.com/xinfin-public

Bitrue Cryptocurrency Wallet & Exchange lists XinFin’s mainnet coin XDC (XinFin Digital Contract) on 13 August 2020, at 4 PM (UTC+8).

Leading digital finance platform Bitrue to list XinFin’s mainnet coin XDC. The trading pairs XDC — XRP, XDC — USDT will be open for trading on 13 August 2020 at 4 PM (UTC+8) as per the announcement on twitter. Listing on the world-class exchange will help the institutions to easily access XinFin mainnet token and exploit its utility. Trading XRP, USDT against XDC will make the easy availability of XDC to a large cryptocurrency community fostered by Bitrue exchange.

The XinFin mainnet token XDC creates an opportunity to utilize XinFin’s real-world use-cases such as TradeFinex.org (ADGM Reg Lab Entity) that helps small/medium businesses or institutions originate their own financial requirements in a digital, fully structured manner so that they can distribute it to the bank or non-bank funders themselves using a common distribution standard. Mycontract.co, a middleware that connects any two centralized systems using decentralized APIs, is also running on XDC blockchain Network. And finally, Blockdegree.org, a decentralized app on XinFin XDC Network, is a peer to peer online education tool that lets students or anyone interested in learning new skills do so in a completely online environment. An immutable certificate stored and generated on the XDC Network after an online exam helps students share their skill set to the world and potential recruiters.

The XDC network enables various developer-friendly tools like the one-click installer, XinPay, Remix, and wallets, to help developers quickly deploy apps, Dapps, or a smart contract on the XDC blockchain network. It also encourages young developers to develop Dapps on the XinFin network by giving attractive bounties.

About Bitrue
Launched in July 2018, Bitrue is an XRP-centric financial services platform with support for trading, loans, and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. They have offices worldwide and continue to develop new features at a rapid speed to fully service the new wave of the digital economy.
For more information: www.bitrue.com

About XinFin’s XDC
XinFin is an enterprise-ready hybrid Blockchain technology company optimized for international trade and finance. The Xinfin network is powered by the native coin called XDC. The XDC protocol is architected to support smart contracts, 2000TPS, 2seconds transaction time, KYC to Masternodes (Validator Nodes). The XDC Chain (XinFin Digital Contract) uses XinFin Delegated Proof of Stake (XDPoS), with the intending to create a ‘highly-scalable, secure, permission, and commercial grade’ blockchain network. XinFin Network is Live and stable for the last 18months. More detail at www.XinFin.org

XinFin Network mainnet coin XDC and ERC20 token XDCE create confusion between new community members. This guide will help to understand the difference between XDC and XDCE. Regularly few users send their XDC to XDCE wallet and vice versa, this article will help those users to recover the tokens that were sent to different wallets by mistake.

Differences between XDC and XDCE.
XDC (XinFin Digital Contracts) is a mainnet coin with a consensus algorithm of XinFin Delegated proof of stake (XDPoS). XinFin mainnet coin XDC was live on 1 June 2019 and acts as a settlement mechanism for DApps built on the XinFin Hybrid Blockchain. The XDC token address will start with xdc, for example, xdc0x167na90knnsjadbjkbj…
XinFin Network mainnet coins can be stored on various wallets such as XinFin Andriod Wallet, XinPay, Web wallet, Copper Custodian wallet, Guarda Wallet.

XDCE is an Ethereum token (ERC20) with a consensus algorithm of Proof of Work (POW) that gives the token holder flexibility to get benefit from the Ethereum Network’s various utilities DApps. XDCE is compatible with all decentralized exchanges and has a presence in liquidity markets and supports XDC liquidity. The token address of XDCE starts with 0x, for example, 0x12hgsjdkj45knjxb…

On the Ethereum network user always creates a wallet with Keystore or with mnemonic phase and stores their Eth or ERC-20 tokens on a wallet. XDCE can be stored on any ERC-20 Compatible wallet or hardware wallet. But it’s mandatory to take the back up of keys.

How to recover XDC that was sent to the ERC20 wallet?
If the user has sent their XDC token to any ERC-20 wallet address, it can be easily recovered. Users need to log in with the same Keystore, Privatekey or mnemonic phase to XinFin Original web wallet at https://wallet.xinfin.network after login with the ERC-20 keys user will find their XDC token on XinFin web wallet.

Users can also download a mobile wallet or extension wallet (XinPay) and log in with the ERC-20 keys and recover their XDC tokens.
Smart contracts deployed on the Ethereum network can be easily ported to XinFin Network. Bounty worth 10000 USD is applied to the users porting from Ethereum Network to XinFin Network.