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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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22434802 No.22434802 [Reply] [Original]

Greetings goyams, let me introduce to you the easiest place to park your money this month.

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
>$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

>> No.22434828
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22434828

>testnest is LIVE
https://medium.com/@offshift/offshift-testnet-phase-one-bug-bounty-are-live-38186654f3ac

>august ama
https://medium.com/@offshift/offshift-august-ama-answered-f5460e45bdca

>development roadmap
https://medium.com/@offshift/offshift-roadmap-released-f8e597721dfd

>catalysts
Whitepaper v2, Exchange listings, Partnership announcements, Oracle Integration due this month (hinting at ChainLink), New team hires

>official site
offshift.io/

>twitter
twitter.com/OffshiftXFT

>telegram
t.me/offshiftxft

>white paper
https://offshift.io/wp-content/uploads/2020/07/OFFshift_Whitepaper_v3_July2020.pdf

>coingecko
coingecko.com/en/coins/offshift

>> No.22434833 [DELETED] 

www.yeet.dance
90% sold out
Ico ends in 12 hours
Ultra low supply

>> No.22435055

Why would I want a centralized $xhv knockoff when I could own the real think. Fuck right off.

>> No.22435085
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22435085

Good on you for trying to educate anons, but desu i kinda wanna see them fomo after oracle announcement

>> No.22435086

Imagine thinking this is XHV anon

>> No.22435099
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22435099

>> No.22435111
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22435111

This shit sounds like cryptographic ultra money.
Look at how many buzz words are crammed into that post.

>> No.22435314

This developer will never live up to these promises asshats

>> No.22435335
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22435335

Threw in 3 ETH.
Make me rich friends

>> No.22435485

>>22435055
Except it is you troglodyte. It's on the Ethereum chain so you can actually use it and don't have to do CEX KYC to access a liquid market

>> No.22435511

>>22435485
You trash shilling piece of shit I can buy xhv on trade ogre with no kyc. Your crap coin wishes it could be like this. https://m.youtube.com/watch?v=4qU8-uQfKPo

>> No.22435700

lol imagine bragging about being on trade ogre

>> No.22435749 [DELETED] 

>>22435511
lmao like u need kyc on uniswap, go to sleep boomer

>> No.22435855

who the fuck still uses tradeogre

clearly an old cycle trader stuck in old ways. the future is and has been with uniswap for almost a year now you idiot

>> No.22435890

>>22435314
You’d be surprised.

>> No.22436048

Bragging about Tradeogre is a beta move

We only accept alphas

>> No.22436548

Lol alphas, plz stop you're embarrassing yourself. This project is obv a scam, there's no way to do privacy on eth blockchaim

>> No.22436809

put 5 ETH in it. wake me up when I need to sell.

>> No.22436818

Man if you think this is a scam but other garbage on here isn't you got another thing coming.

>> No.22437110

>>22435511
Tradeogre. Bro what year is it?

>> No.22437241
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22437241

>>22436548
Akhtually, proof of concept has already been demonstrated => Aztec Protocol. Here's some reading for your nigger brain.
>https://github.com/ethereum/EIPs/issues/1724

Here's their test transactions with zkDAI:
>https://etherscan.io/address/0xc5c0B2E7a265c96D29aE1E4e70Cd542deDc87aee

>> No.22437586

Anyone have info on which oracle it might be?

>> No.22438015

XHV is garbage af exit scammer shit

>> No.22438117

xft has been a "hidden gem" for about 6 weeks now. I bought on day 1 and flipped for a quick profit, do the devs have anything resembling a working product is it still all running on speculation?

>> No.22438423

>>22438117
One of the reasons why I sold at $2. They got nothing. All fucking talk. The dev is fucking lost in his own world. Until actual fking progress is there then I’ll reinvest

>> No.22438445
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22438445

all XHV boomers are coming over to XFT

cose they know that garbage XHV will shit the bed soon again and on their community together with that cTO Larsson on twitter who is shilling that P&D snake oil

XFT is here to stay and make that cotton field rich.

buy muh nibbas.

>> No.22438602

>>22437241
imagine investing in some meme concept established in 2017. that’s a sure fire way to get you rekt

>> No.22438807
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22438807

>>22436548
https://buccaneerv2.web.app/

>> No.22438875

>>22438015
and reaching their marketcap is a x7+ at these prices...

>> No.22439564
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22439564

>>22438602
>>22438807
cope harder

>> No.22440035
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22440035

Trump just said if your are offshift buy xft with the cheques he be sending us

>> No.22440088

>>22438117
>>22438423
Bought at less than 1 sold at 4.3

Good times.

>> No.22440151

Will buy once it gets forgotten and stabilizes to a shitty low price. All talk shitcoins like these are bound to have a super fomo announcement that will make them go x something and then crash.
So I will sell there and get the fuck out.

>> No.22440226

How fair thee progress on testing?

>> No.22440660

>>22440226
Their Phase 1 of testing is done and Phase 2 (Public testing of shifting contracts) starting probably this week.

>> No.22440686

>>22440151
This has stabilized to a shitty low price. It used to be around $3-$4

>> No.22440719

>>22440686
Lack of news, the team is busy working and people expect 20x in a week. This will explode soon.

>> No.22440827

>>22440719
I expect it to moon to 5-10 end of september. Until then...patience

>> No.22440996

>>22440686
>Out for a month
>Just spiked
>Stabilized
It will at least touch $1 before going back up

>> No.22441371
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22441371

>>22440996
Were you dropped on your head or are you just delusional? Genuinely asking

>> No.22442162

REN already solves all the problems of "offshoring" via darknodes. XFT is just a concept at this point and when it is implemented, there is no guarantee it is anything better than REN now, let alone in the future. Every time I mention this NO ONE RESPONDS, probably because it's undeniably true; they attempt to internally deny to prevent complete psychological breakdown.

>> No.22442281

>>22442162
You have to compete against a well established protocol that has been in development for years and is already rolling out solutions. What innovation makes you stick out?:

https://medium.com/renproject/announcing-the-yield-dollar-with-uma-and-renbtc-859278cce3a2