Xfai
ValidatedDeFi
Swapping
XFIT$0.01025
DEX on Linea
- 86 Followers86 Followers
- 70 Likes70 Likes
About Xfai
XFAI is a new breed of Decentralized Exchange on Linea, with a new double weighted constant market maker design, enabling better swaps for all tokens & better returns for stakers & LPs. XFAI solves the problem of fragmented liquidity, each token on XFAI has one singular pool, meaning concentrated liquidity. XFai's design means that every token is immediately swappable with every other token.
Xfai is an innovative decentralized exchange (DEX) platform that aims to revolutionize the decentralized finance (DeFi) space by addressing the shortcomings of traditional DEX models. Built on the Linea blockchain, Xfai leverages cutting-edge technology to enhance trading efficiency, liquidity management, and user experience. The platform’s primary goal is to provide a seamless and efficient trading environment where users can exchange digital assets with minimal slippage and deep liquidity.
The mission of Xfai is to eliminate the barriers to liquidity that have traditionally plagued DEXs. By introducing the concept of entangled liquidity pools, Xfai ensures that all tokens within its ecosystem are interconnected, allowing for more fluid and cost-effective trades. This unique approach reduces the need for traditional token pairings and optimizes the overall trading process, making it more accessible and efficient for users.
Another cornerstone of Xfai's innovation is its infinity staking feature, which allows users to earn rewards by staking their XFIT tokens in exchange for Infinity NFTs. These NFTs represent a share of the fees generated on the platform, providing a continuous income stream to stakers. This model encourages long-term participation and aligns the interests of the platform with those of its users.
In addition to its technical advancements, Xfai is committed to fostering a vibrant and engaged community. The platform's decentralized governance model empowers users to have a say in its development and future direction. This democratic approach ensures that Xfai evolves in a way that reflects the needs and desires of its community, making it a truly user-centric platform.
Xfai Magic Store Validation Score
See Results ››Xfai Review Score by Real Users
- 4
- 1
- 0
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XFIT Token Price Chart (Real Time)
Token Statistics
- Market Cap-
- Volume$7,907.71
- Circulating Supply-
- Max Supply213,688,896.903
- FDMC$2,190,958
About XFai Token
The XFIT token is integral to the Xfai ecosystem, offering a range of functionalities that ensure the platform's smooth operation and growth. As a utility token, XFIT is used to incentivize liquidity providers, offer staking rewards, and empower governance decisions within the Xfai network. The tokenomics of XFIT are designed to create a balanced and sustainable ecosystem, where users are rewarded for their contributions to the platform.
One of the key features of the XFIT token is its use in infinity staking. This allows users to lock their XFIT tokens in exchange for Infinity NFTs, which grant holders a share of the fees generated from every trade on the platform. This staking model not only encourages long-term holding but also ensures that stakers benefit from the platform's growth.
Additionally, the XFIT token is involved in liquidity provision. Unlike traditional DEXs that require liquidity providers to pair two tokens, Xfai’s unique entangled pools allow liquidity providers to deposit just one token. This feature is possible due to the XFIT token, which acts as a bridge, facilitating trades between different tokens in the pool.
As for governance, XFIT token holders have the ability to participate in the decision-making processes of the platform. They can vote on proposals that affect the future development of Xfai, such as updates to the protocol, changes in fee structures, or the introduction of new features. This decentralized governance model ensures that the platform evolves according to the needs and desires of its community.
XFIT is currently listed on several decentralized and centralized exchanges, making it accessible to a broad audience. Some of the platforms where you can trade XFIT include Uniswap and SushiSwap. These listings provide liquidity and allow users to easily buy, sell, or trade their XFIT tokens.
Xfai Magic Store Trust Score
- Audit Score
- 0No. Of. Audits
- MediumScore
- Security Validators Score
- 14.03.2024Validation Date
Xfai User Trust Reviews
Xfai FAQ
Xfai's entangled liquidity model connects all tokens in a single liquidity pool, unlike traditional DEXs that require specific token pairs. This innovative approach minimizes slippage and maximizes liquidity by allowing trades between any tokens in the pool without the need for direct pairs.
Infinity Staking is a unique feature of Xfai where users can stake their XFIT tokens in exchange for Infinity NFTs. These NFTs represent a share of the platform's trading fees, offering a continuous income stream for long-term stakers.
Xfai is built on the Linea blockchain, known for its low transaction fees and high throughput. This ensures that trades on Xfai are fast and cost-effective, making it an attractive option for traders seeking efficiency in the DeFi space.
Yes, Xfai allows single-sided liquidity provision. Unlike traditional DEXs that require two tokens to form a trading pair, Xfai's entangled pools enable you to provide liquidity with just one token, simplifying the process and enhancing overall liquidity.
XFIT token holders can participate in Xfai's decentralized governance by voting on proposals that shape the platform's future.
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