As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform.
Xfinance announced earlier that they would cooperate with LID Protocol to launch the XFI ILO presale. The presale is going to be launched on the LID presale dApp on September 10th 9pm(UTC-7).
Liquidity Dividends Protocol (LID) advances the development of divided bearing Proof of Locked Liquidity tokens. It hence can solve the issue of Uniswap exit scamming.
After the stipulated presale, 60% of ETH will be locked in the Uniswap liquidity permanently. Within 72 hours after the presale, 15% of ETH will buyback and burn XFI tokens, preventing any form of dump, thus reducing supply and increasing the demand.
Presale links: https://xfi.lid.sh
Go to the XFI presale links, then connect the Metamask or other wallet, get your ETH ready, and then click “deposit” button after the presale start.
If you use mobile, you can search xfi.lid.sh in mobile wallet app (such as Trustwallet, imtoken) DAPP browsers , and go to the page to connect your wallet.
More details: https://link.medium.com/Z9McoOWDq9
XFI presale details
Total supply: 50,000 XFI
Presale: 15,000 XFI (30%)
Presale Base price: 1 ETH = 4.8387 XFI
Hard cap/Soft cap: 3000ETH/1000ETH
Bonus: According to the presale progress
0–500 ETH 10% bonus;
500–1000 ETH 5% bonus;
1000–2000 ETH 2.5% bonus;
2000–3000 ETH 0% bonus
Uniswap Initial liquidity
Uniswap Initial Price: 1ETH =3.889 XFI
What is Xfinance
Xfinance is a DeFi platform whose goal is to build an aggregated liquidity pool, automatic market-making, leveraged trading platform, and other functional platforms.
It makes use of XFI, which is an equity token. Users can acquire the XFI token by providing liquidity to the platform’s aggregate liquidity pool. Withdrawal fees in the Xfinance platform are directly used to buy back and burn XFI.
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