With less than 24 hours to go until the much-awaited XFai LGE (Liquidity Generation Event), the team at XFai would like to take this moment to thank our supporters and community members for being a part of the DeFi revolution. The amount of support we have received from both the community and the institutional investors has been truly phenomenal. We look forward to welcoming you as the very first group of $XFIT holders in less than 24 hours.
However, this also means that there are some precautions that must be taken by you in order to protect your investment. Please read this official notice thoroughly to ensure that you are well-informed, and most importantly protect your investment from other fraudulent parties.
XFAI $XFIT LGE
The XFai LGE — first of its kind — will launch between 12:00 and 15:00 UTC on April 15, 2021.
Since the LGE is a new concept that XFai is introducing into the market, we understand that the process may be complicated. Therefore, here is how to participate in the LGE:
- Make sure that you have either USDC or USDT (ERC-20) and some ETH in your wallet
- Go to www.xfai.com
- Click on “Farm”
- Click on “Connect Wallet”, and connect your Metamask
- Under the pool you wish to participate (USDC or USDT), select the amount you wish to invest into the XFai LGE
- Confirm by clicking on “Farm”
After farming, you can always choose to add more to the farm or harvest your profits or your entire stake, including the profits.
The XFIT token will be listed on Uniswap at the same time as the LGE launches. While there will be initial liquidity, it is important to note that the XFai LGE is the main event, and thus the majority of the liquidity will be concentrated on the LGE to incentivize supporters and liquidity farmers.
How Long will the XFai LGE Last?
The XFai LGE is designed to reflect the true demand of $XFIT. Therefore, the LGE will last until the assigned liquidity target for the entire LGE has been hit. Depending on the demand, this could last anywhere from a single block to a few days. In any case, the LGE will last for a maximum of 21 days.
Why Should I Participate in the XFai LGE?
The XFai LGE is designed to add liquidity into the trading environment and allows participants to earn XFIT tokens in the form of APY. This means that in comparison to a traditional TGE where users are required to buy a token with 100% of their assets and make a dangerous bet in hopes that the token price will go up, the XFai LGE allows the users to safely hedge the risk involved with the investment.
Moreover, the XFai LGE allows participants to get in at a relatively early stage as the price of XFIT is programmed to remain relatively stable. The relatively stable yet dynamic price removes the race condition, allowing anyone to participate without being forced into a gas war.
Precautions to Take
At XFai, we would like to make sure that the LGE goes as smoothly as possible while protecting your investment. Unfortunately, there may be fraudulent parties that may try to make you part with your investments. Here are some precautions to take:
- There is only 1 official XFai website: www.xfai.com
- The official Telegram group for XFai is: https://t.me/xfaiofficial . Any other Telegram group is a scam.
- The official Telegram Announcement Channel for XFai is: https://t.me/xfaiofficialANN.
- The official Twitter account of XFai is: https://www.twitter.com/xfai_official.
- The XFai team is not selling tokens. There are no secret whitelists or open investment slots, or early token deals. Anyone claiming these should be considered fraudulent.
- The XFai LGE website and the Uniswap contract address will be announced only via the official social media channels. Any other source of information should be deemed inaccurate.
- The XFai team members or community moderators will never message you first.
- There may be multiple fake $XFIT contracts on Uniswap. Please do not attempt to trade these until the official announcement has been made.
We look forward to welcoming you as the first group of $XFIT holders very soon.
Telegram Group: https://t.me/xfaiofficial
Telegram Announcement Channel: https://t.me/xfaiofficialANN
Official Medium publication: https://xfai-official.medium.com/
XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DLO is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai’s native token, XFIT, is set to launch on 15th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.