XFai (XFIT) ICO Details & Financial Information

More Info About ICO

ICO NameXFai
Start DateApril 29, 2021
End Date--
End Time

## What Is XFai** **(XFIT)?

XFai is a set of smart contracts with autonomous liquidity management that are designed for tokens with low trading volumes and market capitalizations. XFai is a liquidity instrument that can be leveraged by decentralized finance ([DeFi](https://coinmarketcap.com/defi/)) projects. One of the goals of XFai is to increase the efficiency of the liquidity pools on decentralized exchanges ([DEXs](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)).

In addition to its governance token, XFai has two other flagship products: DEX Liquidity Oracle (DLO) and Liquidity Generation Event (LGE).

The company is backed by multiple investors, including AU21 Capital, Rarestone Capital, Moonwhale, Tokenomik, LD Capital, TDeFi, Fission Capital, Kyros Ventures and Vendetta Capital.

Who Are the Founders of XFai?

Geoffrey Khan leads the operations and is a founding team member of XFai. Khan was formerly the CEO of Groupon Austria.

Taulant Rambaja is the chief scientist at XFai. He has been working in the crypto industry since 2013 and has invented the DEX Liquidity Oracle (DLO) in collaboration with the XFai team.

Aron Dutta is XFai’s growth strategy lead. Dutta is a former managing director of Cisco and global vice president and senior partner of IBM Blockchain.

What Makes XFai** **(XFIT) Unique?

XFai is a decentralized service provider that aims to level the playing field between decentralized and centralized exchanges.

DEX Liquidity Oracle (DLO) is a technology that helps low-cap tokens opt out of centralized exchanges and increase their liquidity on decentralized exchanges. This is achieved by creating synthetic curves that track information about liquidity and transfer it to pools on decentralized exchanges.

The team behind XFai claims that in addition to reducing costs and risks, liquidity farmers will be able to receive even more income through the use of the DLO. The funding model will allow investors to automatically add the XFIT token to the liquidity pool.

The Liquidity Generation Event, according to the developers, is intended to replace the less effective types of crowd sales (ICO, IEO, IDO). XFai uses synthetic curves based on the Potentializer, which controls the price and liquidity when the XFIT token is launched. This is expected to allow sales to work more efficiently, from both technical and economic standpoints.

#### Related Pages:

Read about [Uniswap](https://coinmarketcap.com/currencies/uniswap/).

Read about [SushiSwap](https://coinmarketcap.com/currencies/sushiswap/).

Learn more about smart contracts on [CMC Alexandria](https://coinmarketcap.com/alexandria/article/what-is-a-smart-contract).

Expand your knowledge of cryptocurrencies with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).

How Many XFai** **(XFIT) Coins Are There in Circulation?

XFIT is XFai’s native utility token with governance and reward functions. It helps users save on fees on XFai’s platform, and it can also be used for voting when a new token is being added to DLO pools.

Holders of XFIT tokens can also exchange them directly for any other token supported by the DLO.

As of May 2021, the total supply of XFIT is 400,000,000 tokens, which are distributed as follows: 18.80% to the team and advisors, 18.80% to the ecosystem, 11.90% to the private sale and 50.60% to the liquidity farming.

How Is the XFai Network Secured?

XFIT is an ERC-20 token that runs on and is protected by the Ethereum ([ETH](https://coinmarketcap.com/currencies/ethereum/)) blockchain.

Where Can You Buy XFai** **(XFIT)?

XFIT’s liquidity generation event ran from April 16 to May 7, 2021. Its initial DEX offering ([IDO](https://coinmarketcap.com/alexandria/glossary/initial-dex-offering)) was completed on April 29, 2021. As of May 2021, the token can only be traded on [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/).

Find out more about how to buy Bitcoin and other cryptocurrencies in our detailed [guide](https://coinmarketcap.com/how-to-buy-bitcoin/).

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