XinFin - The blockchain for international trade and finance

XinFin (XDC)

What is XinFin?

XinFin is a smart contracts focused blockchain that wants to be the platform of choice for global trade and finance. It attempts to solve the issues of scalability and high fees. It employs a dual mechanism where developers can choose to build on a public or private blockchain; depending on their needs and requirements.

Why does XinFin have value?

XinFin is a very fast and low-cost blockchain that has received endorsement from both the World Trade Organization and the International Chamber of Commerce. It can process up to 2,000 transactions per second for less than a penny, with 2-second finality. It is versatile and it’s EVM-compatibility allows for any Ethereum decentralized application (dApp) to migrate to the XinFin network. This makes building and/or replicating popular dApps on the XinFin blockchain easier.

What are the benefits of XinFin?

●       It can be used by organization that need privacy through permissioned ledgers or by open organizations through permissionless ledgers.

●       It is approved by the World Trade Organization.

●       It is EVM-compatible.

What are the disadvantages of XinFin?

●       The development is centralized.

●       Largely unknown project outside of the international finance world.

XinFin’s consensus:

Delegated-Proof-of-Stake.

What are XDC’s tokenomics?

The total supply of XDC is 100 billion XDC. 25% is gradually released to the founders and development team; 15% goes to the XinFin Organization; 10% will be reserved for token offerings;32.5% to incentivize participants of the network; 10% to fund a hedge pool; 5% to a contingency pool; and 5% to philanthropic causes.

Who founded XinFin?

Atul Khekade, Ritesh Kakkad, and Karan Bhardwaj.

Who are XinFin’s investors?

XinFin conducted an Initial Coin Offering (ICO) in 2018 and raised $15 million. However, the names of the investors are not disclosed.

CONCISE CRYPTO GRADE:

C -- While we like what XinFin is doing and the buy-in that they have from well-respected global organizations like the International Trade and Forfaiting Association. We feel like other blockchains that offer both permissioned and permission-less sidechains and have a much more thriving development community building within their ecosystem might end up winning out in the end. It'll be interesting to keep an eye on XinFin this year and see what new announcements come out. They just inked a partnership with Major League Soccer team D.C. United so they may have their eye on the retail user. **Not financial advice.

Where can I buy XDC?

KuCoin, Bittrex, Liquid, Indodax, ProBit Global, Mercatox.

What ecosystem does XinFin run on?

XinFin