XFai September Update: Near completion

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 monthly AMAs! We are building the last DEX — we understand that this is no small feat and that there will be some tough questions!

Let’s get into this week’s key updates:

DEX Update

  • We are halfway through the initial codings of the DEX and are internally testing the functionality, perfecting the process, and identifying possible errors, exploits, and security issues that could happen.
  • This is an extremely important stage of our work, and also poses an interesting challenge, as one slight amendment to fix a certain error could require the entire coding structure to be reviewed and rendered once more!

We are aiming to launch our testnet in the midst of Q4.

The testnet will be available for everyone to test its functions and provide feedback and find bugs together (though we don’t expect there will be many/any)!

BSC update

We have heard your questions regarding the BSC airdrop — to clarify, only those who have participated in farming are eligible for this. In short, Farmers who are captured in our snapshots will qualify for the XFIT airdrop on the BSC Chain — the allocation amount for which they are eligible is dependant on factors such as if farmers have kept their XFIT rewards after they have redeemed, the length of time for which they have farmed, their staked amount, etc.

We touched upon this in our recent AMA, and will be further expanding upon this soon.

We can see the transactions and we will reward those who have supported us — the information is captured through snapshots. We cannot give you the “exact” time and date yet for the second snapshot, though we are aiming the test to be within Q4 (hopefully within November). We will also be implementing a dashboard in which farmers will be able to see their BSC XFIT allocation — this will happen just before the launch on BSC.

About XFai

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, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fairway 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.

Reach XFai

Website | Telegram | Telegram Announcement| Twitter | GitHub

XFai develops tooling for the DeFi space – we graph the DeFi space to build game-changing products. Starting with the DLO: the DEX Liquidity Oracle