XFai Q&A —March 2022
We hope that you’re well and looking forward to the launch of our DEX, which is just over the horizon! As we move towards the release of the DEX and the wave of change that will come with it to sweep over DeFi and change the landscape of it forever, we know that it’s important to stay communicative and answer questions that the XForce have.
So, without further ado, here we go:
Will there be any further rewards for Farmers outside of the BSC airdrop and airdrops on other networks — for example, boosted APY or special NFTs for Day 1 Farmers?
We love and appreciate our early supporters — however there will be no new additional rewards for Farmers. Those who took part in the farming will be eligible to receive the airdrops of XFIT on all networks that we introduce the DEX to, which is a big reward in itself. The community also got the opportunity to take part in staking — and those who have staked their tokens early have gotten a higher % share with their Liquid NFT than later stakers. That again is quite a big reward, and so we think that our farmers and members of the XForce will be very happy when the DEX is released.
What updates do you have to share on the release of the testnet and the mainnet of the DEX?
We’re currently working on ironing out the latest core contract changes, and will also need to finalize some code in the periphery contract. We’re building strongly, and we’ll release updates as to the estimated release dates when we’re more certain of the release time. We’re hopeful for May, but that will depend a lot on the auditors and internal testing.
How far is the overall progress of the final DEX in %?
We love %’s! The DEX is 93% complete — we’re in the very final stages.
What exact information will be displayed in the ‘Manage’ section of the XFai website? How will users be able to manage their LNFTs and their profit in this?
Our engineers are working on building a new UI that will make managing liquidity very simple and seamless. From here, you will be able to see a list of LNFTs, with all the relevant and associated information, and the actions that you will be able to take with your LNFT to manage the value of it.
As investors, we’re obviously interested in profiting from XFAI but for you as part of the team, what is your main goal?
A very interesting question! Whilst of course, money and financial prosperity is a nice incentive, for us, the goal and focus is on becoming the default DEX and changing the landscape of DeFi for the better. Blockchain technology grants the ability to create something that will last forever — and having our legacy immortalized on the blockchain through XFai and making real change to DeFi, and to people’s lives, is a beautiful idea.
To you, what parameters would define XFai as being successful?
In answering this, we’re assuming that you mean XFai the entity. Success to us would mean becoming the number one DEX — which we very much intend to be.
Are you guys passionate about what you are doing ?
We wouldn’t be in this industry if we weren’t. XFai is a product of our passion for and dedication to making real change and bringing about financial innovation. So, are we passionate about XFai? XFai is our passion.
What’s the plan after releasing the dex ?
Lets just say that we have some big plans after the DEX — plans which are already in motion! Whilst we can’t share too much just yet, we’re excited to share more about the next stages of progression when things are more concrete and we’re able to do so :)
You shared that there had been some recent changes to the core code, which will reduce gas costs substantially. Will these gas savings be resultant of reduced code (and therefore fewer clock cycles) — or is it because the new virtual reserves will mean fewer transactions?
Great question! This will be resultant from both of these factors!
Are the virtual transactions done off chain?
No, these will be on-chain.
Your code will be open sourced — but it seems there are some novelties that give the platform an advantage over others. Would it be beneficial to protect the intellectual property that really differentiates Xfai. Does the open source license offer any protection for such IP?
Our code will be open sourced — but we will never IP any of our inventions. Our ethos and strategy is to out-innovate the competition, not to artificially block them.
How many lines of code will the DEX be?
Interesting question! The code of our DEX will be slightly more than Uniswap v2, and significantly less than uniswap v3.
When will the display for the BSC Airdrop be visible?
We’ll share more updates on this closer to the time. Our core focus at this time is on finalizing the code for the DEX, and then we can look to share more information on other areas like this.
XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DEX is set to invite mid and small-cap tokens to start earning APY on their token holdings. We are aiming 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, was launched on 16th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.