Offshift (XFT) price, chart, coin profile and news

Find the latest Offshift (XFT) price, coin profile, news and history to get you started with Offshift trading and investing.

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What is Offshift?

Offshift is a private derivatives platform. The protocol has been developed on top of both Ethereum and Moonbeam, a Polkadot ecosystem blockchain. The aim of Offshift is to offer all of the innovation available within the decentralised finance (DeFi) ecosystem, while maintaining the privacy of transfers. This combination of DeFi and privacy is better known as PriFi within the Offshift ecosystem.

According to the project’s documentation, Offshift’s long term ambition is to become the base layer for a privacy-focused ecosystem of DeFi applications. These applications will include private decentralised exchanges, private lending and borrowing protocols, private insurance protocols, and private NFT applications. Privacy is achieved on Offshift by the burning and minting of the natvie token, XFT, and synthetic assets, known as zkAssets. All Offshift users can burn the native token, XFT, to mint any number of equivalent zkAssets. zkAssets are are pegged directly to real-world price via the Chainlink data oracle and can be used within DeFi applications. zkAssets allow for completely private transactions to be completed. When a user wishes to exit Offshift they simply burn the zkAssets to retrieve XFT. Supported zkAssets currently include zkBTC, zkETH, zkUSD, zkXAU, and zkXFT

As previously described, XFT is crucial to the inner workings of Offshift. The token is required by Offshift users as it is required for the creation of all zkAssets.

Offshift (XFT) is the 1155th largest cryptocurrency in the world by market cap, valued at $5,582,499. The current price of Offshift is $1.50165, which is 14.067% higher than yesterday. Prices have ranged between $1.53408 and $1.31050476 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 24, 2022 10:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Offshift (XFT) price

Use our graph to track the performance of (XFT) over time.

Offshift at a glance

Information last updated May 24, 2022 10:05 UTC.
Coin symbol XFT
Coin Marketcap AUD$5,582,499
Total XFT supply 10,000,000
Circulating XFT 5,237,500
Current price AUD$1.50165
All time high AUD$49.0821
All time high date January 19, 2022

Offshift price performance over time

Historical prices compared with the price of $1.50165.

1 hour -0.39%
24 hours 14.07%
7 days 71.36%
14 days 66.39%
30 days -63.75%
60 days -83.93%
200 days -68.91%
1 year -5.45%

Disclaimer: Cryptocurrencies, including Offshift, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XFT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Offshift or any other cryptocurrency discussed.

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