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.
Offshift (XFT) priceUse our graph to track the performance of (XFT) over time.
Offshift at a glance
|Total XFT supply||10,000,000|
|All time high||AUD$49.0821|
|All time high date||January 19, 2022|
Offshift price performance over time
Offshift in the news
Revised crypto mining bill in Russia removes tax amnesty for miners
The Dollar Weakens as Tech Crashes
WEF 2022: Blockchain community breaks stereotypes at Davos
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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