/biz/ - Business & Finance

About to invest my a BTC into this

If you don't buy this now while its under 2$ youre the same level of brainlet as a no-linker.

Overview
>Offshift is a cryptographically private offshore storage & DeFi protocol on Ethereum
>The first token to utilize the new EIP for encrypted token transfers using zero-knowledge proofs
>Will allow you to send and receive zkTokens (e.g. zkUSD, zkETH) which completely privatizes number of tokens transferred and held
>XFT tokens are burned in order to mint zkAssets
>Extremely early stage project, literally the ground floor, only listed on uniswap currently:
uniswap.info/token/0xabe580e7ee158da464b51ee1a83ac0289622e6be

The Tech
This standard defines a way of interacting with a confidential token contract. Confidential tokens do not have traditional balances - value is represented by notes, which are composed of a public owner and an encrypted value. Value is transferred by splitting a note into multiple notes with different owners. Similarly notes can be combined into a larger note. Note splitting is analogous to the behaviour of Bitcoin UTXOs, which is a good mental model to follow. More info here:
>github.com/ethereum/EIPs/issues/1724
Test transactions on zkDAI
>etherscan.io/address/0xc5c0b2e7a265c96d29ae1e4e70cd542dedc87aee

Tokenomics
>$2mil marketcap
>$1mil volume
>$150k liquidity locked, here's the smart contract before anons start saying "rug pull":
etherscan.io/address/0x6e159c0084e60ab396a6298258b266d6e8ee5f10
>total supply: 10mil
>circulating supply: 1.75m
>rest is all locked with vesting plans, none released until 6 months after listing
>most is dedicated towards staking and rewarding users for using the ecosystem, which begins late Q4

Competitors
>Monero $1.7bil marketcap
>Zcash $920mil marketcap
>Haven $22mil marketcap
>Offshift $2mil marketcap
Each of those are their own blockchain, where as Offshift is utilizing Ethereum giving it much more value and usecases, allowing zkAssets to interact with other defi protocols etc. Very unique value proposition

(cont...)

Because this coin makes you hard and others not looks how sick it was on the charts and its not done yet

>>21135629
you're gonna make it

anons, why are you still snoozing on this gem? why do you brainlets insist on putting your vitaliks in scams like $tend and $ape just because you refuse to understand the novelty of this project?

>muh fancy words
private, stable-valued storage pegged to nearly any trading asset - with the ability to generate private staking returns. except its on the ethereum protocol. that's it.

>muh rugpull
nah, liquidity is locked. https://etherscan.io/address/0x6e159c0084e60ab396a6298258b266d6e8ee5f10#code

>muh anon team
the very nature of privacy coins require they protect themselves. look at what $xhv accomplished with anonymous, open-source collaborators.

$XFT -- Offshift

>Offshift is a cryptographically private offshore storage & DeFi protocol on Ethereum, and the first dual-sided public/private protocol to be built entirely on a public blockchain.
>XFT – a public, tradeable ERC20 token, and
>zkAssets – private, stable-valued zkERC tokens
(initially the dollar-pegged zkUSD)

Had a real lowkey launch yesterday. 1.75m circ supply at around 45c brings it to 800k cap. Team is anon (reminds me of Haven). They had some fud about potential for rugpull but locked liquidity just now (see here https://twitter.com/OffshiftXFT/status/1290617723068833793).).

You're welcome.