“Burning” in the cryptocurrency space is the permanent elimination of existing tokens from circulation. That is, the burned tokens are removed from circulation, making the overall circulating amount of tokens smaller in the system. Burning tokens usually does not have a functional purpose, besides making the token or coin in question gradually rise in value over time, due to the decreasing circulating supply.
XFai’s burning mechanism, however, besides increasing the token price, fundamentally has a functional purpose.
XFit Burning — how does it work?
The development team is currently working on the burning mechanism of the XFAI DEX.
Hey, everyone! As Q3 is drawing nearer to an end, we want to say a huge thank-you for the support and faith that you have shown to XFai so far — and the best is still to come!
We truly appreciate your support and also your criticisms — and we care about your input and opinions! Please keep on sharing these with us — we understand that you are vocal because you want XFai to be a huge success.
So do we!
We are logging all questions that you have raised — and will continue to address these in our…
Hey, everyone! I hope this week has been great for you. We’re going to keep it short and sweet today because we have a lot of updates for you.
As we all know, XFai focuses on making holders of small-cap tokens make profits on their tokens by providing liquidity and reducing slippage. We are here to lay another strong foundation on DeFi projects. With our DEX, projects can manage their project better and in return, XFIT holders get rewards for providing liquidity in the XFIT pool.
Without further delay, here are this week’s key updates.
Hope you had a great weekend XFai community!
Last week we had an awesome AMA within the community. We want to thank each of you for your constant support and trust, as we continue to work on our groundbreaking DEX. We are working 24/7 to develop the platform, coding and checking coding around the clock. Our team are working on establishing strategic partnerships with reputable blockchain market players to achieve our long-term goals.
In case you missed it, here is a run down of the AMA questions and answers:
What is the current circulating supply of XFIT?
Taulant: 134.5M XFIT…
XFai Deep Dive is a series of educational content for all users of XFai (we will get a name for it in the future). This is to educate users about the background of XFai and what XFai will solve and impact the DeFi space.
After this series, you will understand what we are building and how “close” we are to MOON when we launch our product.
What is the definition of slippage?
In trading, there are two types of risk — market risk, which means that prices will change before you close out your position; and execution risk or “slippage.”
Good day to all our community members for patiently waiting for the update. We had much to discuss and decide but rest assured, we are going to make this “epic.”
As we all know, XFai’s vision is to allow holders of small-cap tokens to earn returns on their tokens when providing liquidity and therefore increase their position in those projects by using our DEX and holding XFIT. With XFai, holders of small-cap tokens provide liquidity and sustainability to initiatives and projects that will improve the crypto space we develop on!
That is why we need to focus on partners that…
XFai is pleased to bring to you a DEX partnership with Seeder Finance. Seeder Finance is a fair-launch yield farming and play-to-earn protocol, which allows for yield farming on Binance Smart Chain. Through the partnership, the Seeder Finance’s community of Seedians will be able to benefit from an array of DeFi benefits facilitated by the innovations of XFai’s groundbreaking DEX.
The partnership with Seeder Finance is essential as XFai is making its expansion to Asia. Being a BSC DeFi project in Asia, Seeder is a DeFi Farming Protocol which currently has over 7M USD locked for farming. …
Welcome to XFai Deep Dive !!
XFAI Deep Dive is a series of educational content for all users of XFAI (we will get a name for it in the future). This is to educate users about the background of XFAI and what XFAI will solve and impact the DeFi space.
After these series, you will understand what we are building and how “close” we are to MOON when we launch our product.