XFUND

Overview of UNIFICATION (XFUND)

The xFUND token is the utility token for Unification's DeFi suite, including Oracle of Oracles (OoO) & VOR. It's integral for accessing services, with a capped supply of 9970.875. Unification offers blockchain solutions catering to both enterprise and Web3 needs, emphasizing decentralization and rapid deployment. They differentiate from traditional players like Oracle and IBM by offering decentralized database tools. Additionally, Unification provides blockchain oracle services similar to Chainlink but with customizability and open access. They aim to decentralize Dapp infrastructure with UNODE, launching in 2023.

Pros and Cons

What Makes UNIFICATION (XFUND) Unique？

UNIFICATION (XFUND) presents itself uniquely by focusing on optimizing and supporting the Oracle network. It integrates with the Oracle network to include complex external data into blockchains, a capability that not all cryptocurrencies possess. This facilitates the secure interfacing of smart contracts with real-world data, creating an ecosystem where blockchain applications can serve more robustly and answer complex real-world scenarios.

Additionally, it uses a non-inflationary approach, where the total supply of XFUND tokens is capped at 9970.875. This cap is notably low in comparison to many other cryptocurrencies and is seen as a way to potentially prevent value dilution, although it also introduces other factors like potential concerns about wide distribution and liquidity.

How does UNIFICATION (XFUND) Work？

UNIFICATION (XFUND) primarily works by supporting the Oracle network. This network integrates real-world external information into blockchains, which appears to be the central premise of XFUND's working mode and principle.

The Oracle network serves as a bridge between external data sources and blockchain's smart contracts. This type of Oracle is not a data source itself but interacts with external data sources and injects this data into the blockchain. After data is fetched from external sources, it's incorporated into the blockchain where smart contracts can utilize this information to execute their code.

xFund's role comes into play here. These tokens are used to keep the data providers accountable, ensuring optimal performance. They can be used to pay for data feeds and verify oracle data.

Notably, XFUND has a non-inflationary model, meaning that the total XFUND supply is fixed at 9970.875. tokens, with every token already minted.

Exchanges to Buy UNIFICATION (XFUND)

UNIFICATION (XFUND) can be bought on several exchanges. Below are details of some of them, including supported currency and token pairs:

• Uniswap: Uniswap is a decentralized exchange (DEX) operating on the Ethereum blockchain. It allows users to swap various ERC-20 tokens directly from their Ethereum wallets without the need for intermediaries. Uniswap uses an automated market maker (AMM) model, which relies on liquidity pools rather than order books to facilitate trading. Users can provide liquidity to these pools and earn fees in return.
• Shibaswap: Shibaswap is a decentralized exchange primarily built for the Shiba Inu (SHIB) ecosystem, allowing users to trade SHIB tokens and other cryptocurrencies. It operates similarly to other DEXs, offering swapping functionalities and liquidity provision opportunities. Users can participate in liquidity pools to earn rewards in the form of trading fees and other incentives.
• Polkaswap: Polkaswap is a decentralized exchange designed for the Polkadot ecosystem, enabling users to trade tokens built on Polkadot and its parachains. It aims to provide a seamless and secure trading experience for Polkadot-based assets while promoting interoperability within the Polkadot ecosystem. Polkaswap utilizes a unique AMM model tailored to the specific needs of the Polkadot network and its parachains.

How to Store UNIFICATION (XFUND)？

UNIFICATION (XFUND) can be stored on both Metamask and Trust Wallet.

- Trust Wallet: Trust Wallet is a secure, decentralized mobile wallet that supports a wide range of cryptocurrencies, including ERC-20 tokens like xFUND. It provides users with full control over their private keys and offers features such as in-app token swaps, staking, and a built-in DApp browser. Trust Wallet is available for both iOS and Android devices, making it convenient for users to manage their crypto assets on the go. Its intuitive interface and strong security measures make it a popular choice among mobile cryptocurrency enthusiasts.

- MetaMask: MetaMask is a popular Ethereum wallet browser extension that allows users to interact with Ethereum-based decentralized applications (DApps) and manage their ERC-20 tokens, including xFUND. It provides a user-friendly interface for sending and receiving tokens, as well as for interacting with smart contracts.

MetaMask also offers features like token swaps, decentralized finance (DeFi) integrations, and the ability to connect with various Ethereum-based networks. As a browser extension, MetaMask seamlessly integrates with web browsers like Chrome, Firefox, and Brave, making it convenient for users to access their crypto assets while browsing the web. Additionally, MetaMask recently introduced a mobile app version, extending its functionality to mobile users.

Is It Safe？

Safety in the context of cryptocurrency involves various factors such as project fundamentals, team credibility, market liquidity, and security measures. While XFUND has a market presence and is traded on reputable platforms like Ethereum, further research into its project details, team background, community sentiment, and security measures would be necessary to make a more informed judgment on its safety.

How to Earn UNIFICATION (XFUND)？

Earning UNIFICATION (XFUND) primarily involves two aspects: purchasing it through exchanges and staking.

Firstly, XFUND tokens can be acquired directly through supported cryptocurrency exchanges like Uniswap, Shibaswap, and Polkaswap. The steps generally involve registering on the preferred platform, depositing funds or a compatible cryptocurrency like ETH or BTC, and trading these for XFUND tokens.

Secondly, XFUND tokens can be earned through staking in integrated wallets. Staking involves the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. Here, XFUND tokens can be held in a wallet to support the operations of a network and in return, you earn more XFUND.

FAQs

Q: What's its total supply？

A: XFUND has a total capped supply of 9970.875 tokens.

Q: What are the key functionalities of XFUND tokens？

A: The primary uses of XFUND tokens include paying for data feeds, verifying oracle data, staking in integrated wallets to potentially accrue earnings, and enhancing governance rights within the environment.

Q: Which exchanges support UNIFICATION (XFUND)？

A: XFUND is mainly listed on Uniswap, Shibaswap, and Polkaswap.

Q: How does XFUND differ from other cryptocurrencies？

A: Unlike many cryptocurrencies, XFUND supports complex external data integration into blockchains via the Oracle network, has a non-inflationary approach with a notably low total supply cap and focuses on enhancing governance rights within its ecosystem.

Q: Where can XFUND be stored？

A: XFUND can be stored in MetaMask and Trust Wallet.

Q: How does one earn UNIFICATION (XFUND)？

A: Earning XFUND primarily involves purchasing the tokens through supported exchanges and engaging in staking within the platform's integrated wallets.