Bitcoin Forum
October 25, 2020, 02:17:52 PM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: [ANN] Offshift (XFT & zkUSD) Private offshore storage & DeFi protocol on ETH  (Read 483 times)
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
July 15, 2020, 01:18:18 AM
Last edit: August 08, 2020, 10:05:42 PM by Offshift
 #1

PRIVATE OFFSHORE STORAGE & DEFI PROTOCOL ON ETHEREUM

Uniswap              |              Website              |              Twitter              |              Medium              |              Telegram





Offshift is a cryptographically private offshore storage & DeFi protocol on Ethereum, and the first dual-sided public/private protocol to be built entirely on a permissionless chain. It has two native asset types:


  • XFT [ERC20] is a utility token that grants entry into the Offshift ecosystem and gives users the ability to "shift" between ERC20 and zkERC. It's the public, tradeable side of the Offshift ecosystem, and its value is determined by the market.  
  • zkAssets [zkERC20] including zkUSD, zkBTC, zkETH and virtually any other asset to which users want to peg value, are the private, stable-valued side of the Offshift ecosystem, and can only be minted by burning XFT. They are the first cryptographically private stablecoins on any protocol.


zk-Assets are an implementation of EIP#1724 zkERC20: Confidential Token Standard, which defines the standard interface and behaviours of a confidential token contract, where ownership values and the values of transfers are encrypted. zkAssets in the Offshift protocol use zero-knowledge proofs to keep ownership values and the values of transfers encrypted and confidential.


A two-way bridge architecture connects the public and private sides of the ecosystem, allowing value to flow freely from side to side via a mint-and-burn mechanism coded into Ethereum smart contracts. Conversion rate is determined via semi-decentralised oracle-fed exchange price. A one-way dynamic return bridge fee is imposed on newly minted zkAssets crossing back to the public side (re-minting XFT from a zkAsset) to eliminate the potential for the bridge to be gamed for profit. The bridge fee diminishes to zero over a period of seven days, after which zkAssets can be staked.


An incentive model constructed to encourage storage on the private side (through staking returns and private spending initially) incentivises token ownership on the public side as the tradeable supply of XFT decreases. Offshift is the first protocol to adequately incentivise both speculation and actual use as a currency for value storage or private spending.





The XFT token began trading in August, 2020, with a total supply of 10,000,000 XFT. For complete tokenomics please see the Offshift pitch deck.

All major announcements will be made in this thread as well as via the official Offshift Twitter and Telegram.



Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1603635472
Hero Member
*
Offline Offline

Posts: 1603635472

View Profile Personal Message (Offline)

Ignore
1603635472
Reply with quote  #2

1603635472
Report to moderator
1603635472
Hero Member
*
Offline Offline

Posts: 1603635472

View Profile Personal Message (Offline)

Ignore
1603635472
Reply with quote  #2

1603635472
Report to moderator
1603635472
Hero Member
*
Offline Offline

Posts: 1603635472

View Profile Personal Message (Offline)

Ignore
1603635472
Reply with quote  #2

1603635472
Report to moderator
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
July 20, 2020, 07:07:57 PM
 #2



The Offshift whitepaper has been released! You can find the link here.
IlVeroNico
Full Member
***
Offline Offline

Activity: 551
Merit: 173


View Profile
August 03, 2020, 03:02:46 PM
 #3

The sale opened few hour ago, here's a link to its if someone else is interested:

https://www.dextools.io/app/uniswap/pair-explorer/0x2b9e92a5b6e69db9fedc47a4c656c9395e8a26d2


CaVO32
Full Member
***
Offline Offline

Activity: 1134
Merit: 133



View Profile
August 04, 2020, 08:59:33 AM
 #4


Am I seeing this right? The daily volume in Uniswap is already millions of dollars? No wash trading here to make the volume big even if it isn't? And take a look at their thread here, not so much activity but how come they are very active in trading? Are there really buyers for this token? Also, this is anonymous DeFi project, I wonder how many real traders they have?


IlVeroNico
Full Member
***
Offline Offline

Activity: 551
Merit: 173


View Profile
August 04, 2020, 09:26:24 AM
 #5


Am I seeing this right? The daily volume in Uniswap is already millions of dollars? No wash trading here to make the volume big even if it isn't? And take a look at their thread here, not so much activity but how come they are very active in trading? Are there really buyers for this token? Also, this is anonymous DeFi project, I wonder how many real traders they have?


Yes, the Trading Volume on the first day was crazy, and there wasn't wash trading (you can check the tx thanks to dextools)

There were some posts on 4chan and some on twitter that brought some hype
If everything goes to plan the Project Lead said that they plan to lock the liquidity today and have already applied for Coingecko so it should get listed there soon.

Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 04, 2020, 04:40:33 PM
 #6



XFT on Uniswap.info | XFT Token Contract
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 04, 2020, 04:49:10 PM
 #7



ANN | Etherscan
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 05, 2020, 03:09:33 AM
 #8

Brief update & recap -

Offshift Update - The First 36
Twinkledoe
Full Member
***
Offline Offline

Activity: 1148
Merit: 123


★Bitvest.io★ Play Plinko or Invest!


View Profile
August 05, 2020, 03:12:47 AM
 #9

Another DeFi project in the making. DeFis are conquering the market nowadays but I bet only few of them will survive long term. So if you are an investor, need to be meticulous in selecting DeFi project, don't be overwhelmed by numbers but look at their actual developments.

Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 05, 2020, 04:51:09 AM
 #10

Offshift (XFT) is on CoinGecko
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 06, 2020, 05:59:42 AM
 #11

Offshift (XFT) is now tracked on CoinMarketCap
template
Hero Member
*****
Offline Offline

Activity: 1091
Merit: 500


View Profile WWW
August 06, 2020, 07:11:31 AM
 #12

More scammer soon with DeFi

Do not lost money russian scammer start more fake projects

Epistemicrisis
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
August 06, 2020, 08:14:53 PM
 #13

Not sure where you get the russian part from?

Frankly, it's a bull market for uniswap DeFi shitcoins right now, I'm all over this as long as it's perfectly adequate. It doesn't appear to be directly a scam, so I'm definitely in at this price at least for a quick flip. We'll see how popular it gets!
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 08, 2020, 08:56:20 PM
 #14

XFT is now on Blockfolio!
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 08, 2020, 09:00:35 PM
 #15

Offshift now has an [ANN] only Telegram
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 10, 2020, 09:37:24 PM
 #16



The Offshift roadmap is released, read about it here!
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 12, 2020, 08:59:40 AM
 #17



Submit your questions now for the first monthly Offshift AMA!
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 20, 2020, 10:34:08 PM
 #18



Offshift | August AMA Answered!
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
August 31, 2020, 03:39:15 PM
 #19



Offshift Testnet Phase One Of Three Launched, Bug Bounty Open

ANN | Offshift Testnet Phase One & Bug Bounty Are Live!

GUIDE | Offshift Testnet Guide | Phase One
Offshift
Copper Member
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile WWW
September 02, 2020, 09:06:33 AM
Last edit: September 03, 2020, 11:24:28 AM by Offshift
 #20



ANN | XFT Token reserves are now locked on-chain
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!