Key Metrics

Real Volume (24H)$0
Fully Diluted ValuationN/A
ATH Date10/6/2020, 12:53:13 PM
ATL Date5/7/2022, 4:34:55 AM
Circulating Supply24K
Total Supply50K
Popularity Rank2904
What is Xfinance?

Xfinance Coin (XFI) is a full-stack decentralized finance (DeFi) protocol that aims to revolutionize the existing functionalities of the DeFi sector related to liquidity pools, market-making, and trading. It uses the Ethereum blockchain to power a full-stack product, allowing it to offer various services such as token swaps, leverage trading, and trading of non-fungible tokens (NFTs).

The platform’s unique feature is that it is not limited to a single product, making it versatile and ideal for many use cases in the ecosystem. One such example is xNFT, which supports NFT trading, while xPerp allows perpetual contracts to be traded. XSwap is another product that facilitates automatic market-making (AMM).

One of the distinguishing features of Xfinance is its use of transaction fees from its various products, a first in the DeFi space. The transaction fees from xNFT and xPerp are utilized to buy back and burn the XFI native currency, which is limited to a fixed supply, making it non-inflationary.

The Xfinance mobile application is user-friendly, making it accessible to anyone who wants to interact with the DeFi ecosystem. The protocol’s revenue comes from fees charged on various products such as XSwap, staking, and unstaking, among others.

While the project's Medium page description states that it is "built by NowEx.io," detailed information on the project's team members is not available. However, Xfinance has partnered with notable platforms such as LID (Liquidity Dividends Protocol), which offers high-end solutions in providing liquidity on DeFi networks, and DEX Tools, which aims to enhance the users’ experience of crypto trading platforms.

Furthermore, the protocol has links with NowEx, a derivatives exchange.

Xfinance offers a range of products and services, including xDao, a decentralized community governance platform; xNFT, which consists of NFT trading protocol and asset trading platform; xPerp, a decentralized AMM perpetual contract exchange; xSwap, a decentralized AMM protocol and exchange, and xVault, a decentralized common asset income and yield aggregator vault.

XVault automatically moves positions between agreements to help liquidity providers gain the most financial income, and withdrawal fees will be used to buy back and burn XFI. The protocol also offers incentivized staking for long-term holders, with daily staking APR ranging between 0.2% - 0.3%.

In summary, Xfinance is a full-stack DeFi protocol that offers various services to users, including NFT trading, perpetual contract exchange, and automatic market-making. Its use of transaction fees to buy back and burn the XFI native currency makes it non-inflationary, and its mobile application makes it accessible to anyone who wants to interact with the DeFi ecosystem.


The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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