Question 1

What is Offshift (XFT)?

Accepted Answer

Offshift is pioneering Private Decentralized Finance (PriFi) with an ecosystem of Private DeFi Applications that confer and protect various elements of privacy, anonymity, and confidentiality on Ethereum Layer 1. All Offshift Ecosystem PriFi Applications are powered by XFT, and leverage real time price feeds from Chainlink’s decentralized oracle network to enable users to mint an array of private synthetics.

The Offshift Ecosystem’s debut platform, [Offshift anon](https://open.offshift.io/offshiftXFT/new-papers/-/blob/main/Offshift%20anon%20Litepaper.md), is currently in development, and its most up-to-date [Development Roadmap](https://offshift.io/public/blog/2022-07-13-offshift-dev-update-mid-july-2022/) has been publicly released.

Offshift also delegates various decision making powers and responsibilities to its community via the [Offshift DAO](https://offshift.io/public/blog/2021-04-21-offshift-launches-dao-announces-first-proposal-for-xft-cross-chain-deployment/).

Question 2

What is the Role of XFT in the Offshift Ecosystem?

Accepted Answer

XFT is the native utility token of the Offshift Ecosystem, and it plays an integral role in all PriFi Applications’ Tokenomics. Via Offshift’s Burn-and-Mint Mechanism, users burn XFT in order to mint an array of private synthetics, and conversely burn their private synthetics to mint XFT back on the public side.

Question 3

How Many XFT Tokens are in Circulation?

Accepted Answer

Offshift launched on Uniswap in August, 2020 with 10 million XFT tokens generated at genesis. The Offshift Ecosystem’s Burn-and-Mint Tokenomics employ an elastic supply model for XFT, and as such there exists no upper cap or lower cap on the circulating or total supply of XFT. However, XFT does not possess any inherent inflationary or deflationary monetary attributes. Until the Offshift Ecosystem launches its debut platform, Offshift anon, the supply of XFT will remain fixed at 10 million tokens.

Question 4

Who are the Founders of Offshift?

Accepted Answer

Aside from fully doxxed CSO [Alex Shipp](https://twitter.com/AlexShippXFT) who represents the project in public engagements, Offshift Core is the anonymous team developing the Offshift Ecosystem. Offshift Core has developed a trusted reputation for its thorough privacy research, development, and execution. To access the latest news and developments, follow Offshift on [Twitter](https://twitter.com/OffshiftXFT), join the community on [Telegram](https://t.me/OffshiftXFT), and visit the official [YouTube](https://www.youtube.com/c/OffshiftXFT) channel for project updates, interviews, and more.

Question 5

Where Can I Buy Offshift (XFT)?

Accepted Answer

XFT is available for trading on a growing number of DEXs (Decentralized Exchanges), including [Uniswap](https://info.uniswap.org/#/tokens/0xabe580e7ee158da464b51ee1a83ac0289622e6be), [SushiSwap](https://analytics.sushi.com/pairs/0xf39ff863730268c9bb867b3a69d031d1c1614b31) and [Balancer](https://app.balancer.fi/#/pool/0xa5629408958264c2bce5217a0466924644e311ed0002000000000000000000f8) on Ethereum, and [PancakeSwap](https://pancakeswap.finance/info/token/0xe138c66982fd5c890c60b94fdba1747faf092c20) on Binance Smart Chain.

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About Offshift [Old]

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