/biz/ - Business & Finance

>>21912236
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

>Didn't buy at $1
>Didn't buy at $2
>Didn't buy at $3 <-- YOU ARE HERE
>Didn't buy at $5
>Didn't buy at $10
>Didn't buy at $30

What most of biz doesnt understand is just how early you still are on XFT. 7 Million MK only. Easy pump to 20 Milllion market cap similar to DIA and you will triple your money.

If you are not buying XFT you hate money.

>>21912236
Also bump

>>21912436
Man this gets me excited. I bought a lot at a buck. I am not fucking selling.

Hate money? Don’t buy XFT.

Feeling comfy with my stack

>>21912535
Just knowing how early you are in a project is one of the best feelings. You've already made the gains, now all it takes is time.

>>21912678
8-9/10 Comfy levels sitting on my stack. Getting the same Statera vibes from XFT and I bought STA under 4 cents.

$30-50 EOY almost seems like fud. When BTC breaks resistance at 12k we moon.

I personally got in super early on this and I know this is going to be at least 100x play for me. This is such a good feeling.
This will hit $10 before the end of September. Bullish AF.

>>21912236
Bought this at $1.50 and held through the dips happy that i did. This is definitely one of the more interesting projects out there

>>21913155
>>21912975
>>21912782
>>21912700
>>21912678
>>21912608
>>21912535
>>21912436

Will this have a chance of having a market cap like link?

Offshift is the only project doing what they're doing. This seems like a no brainer at this market cap.

>>21914391
>is this the next LINK?
No
>Will it 10x regardless?
Yes

im so glad ivan shilled this project- this is clearly haven but on ethereum & actually works! this can go so much higher anons- hold tight

Bump to save an anon

>>21915099
hare krishna

>>21914466
I'm bullish on XFT but a couple things for me here.
>im so glad ivan shilled this project
I'm NOT happy Ivan shilled this, for personal reasons. He shilled it right before I was done accumulating.
>this is clearly haven but on ethereum & actually works!
How do you know it actually works when testnet isn't even out?

Pajeet fueled thread

one of a small number of uniswap gems you want to be holding if this bull market continues, things are wavy right now, but if we get a breakout, have a small basket of low cap uniswap gems ready to ride this wave.

concept underlying $XFT is solid, it's little wonder Ivan on took the bait too, at this market cap total no brainer anons.

Oracle Integration in September, when this happens, we going to the moon.

>>21914444
Big gimma play here

nice

Keep accumulating retards.

We gonna fly to a 20mcap and leave the fud faggots behind.

Fasten your seatbelts!

Excellent low cap gem yet to be discovered.

>>21916626
This is why i'm buying. This type of low cap will definitely pump with this news.

I x5 all my XFT into PRQ for another x8 and PRQ ain't done yet.

XFT doesn't have that wow factor, only went up because of ivan on shill.

Good times.

Stop being shitty instead get shifty Leaches!

>>21914391
>>21914444
honestly long term it's very possible, as long as they succeed as the first protocol to switch erc20's to the ZK private side. This isn't just enabling privacy remember, this is also creating synthetic assets like SNX, which also has the potential to be in the $10bil+ marketcap range

>>21915351
yeah same, i'm a little annoyed Ivan shilled it desu, wasn't done accumulating. Was such a good marketcap and price range too aaa

Buying everytime it gets under $3

>>21917798
the graphs dont match up where you could have achieved that

>>21918547
he's off his meds again

>>21917798
weak attempt of shill

>>21918445
best strategy desu, looks like every dip is instantly bought below $3. We'll be moving sideways for a while before shooting up again most likely straight to $10+