XinFin Comes Around With Prominent Changes With Mainnet Launch
XinFin Mainnet goes live on June 1, 2019. And, with the mainnet launch, XinFin is all set to introduce some prominent changes in XDC token allocation and hedge pool mechanism.
By: XinFin Hybrid Blockchain
Find the new changes introduced by XinFin Network here : medium.com/xinfin/
Other Important Community Updates:
Token Swapping on Alphaex
XDC token being a fork of the quorum, was a part of quorum network and XDCe token was an ERC20 token. Both the token were 1:1 swappable on Alphaex exchange. Current XDC wallet and tokens are going to be disabled and burnt as soon as the user swaps token to the new livenet.
Masternode and XDC Staking
Recently, XinFin has introduced staking function in ecosystem participation incentives in which a masternode holder will have to stake 10 million XDC for setting up every masternode. Anyone including reputed high stakeholders, technology partners and authorized and regulated institutions can host a masternode by staking and become a part of governance called as validators. The validators will get incentivized for running and contributing towards the network consensus.
XDC Burning Plan
25% net profit (from the admin company) will be burnt by way of buying from the open market
To set up a side chain or private network setup, enterprise or user will have to burn 10 million XDC (after buying from the open market) with each private subnetwork set up
The Need For Side Chain / Private Network Setup
XinFin sees a huge potential of the side chain and interoperability setup with various blockchain networks like R3 Corda, Oracle, Hyperledger, ETH, BTC, XRP, Stellar, EOS, Tezos, Cosmos, and Tron, etc. Every side chain or private network setup needs to burn 10 million XDC to get access to the private chain facility.
The Roadmap Ahead
After the successful launch of mainnet, XinFin Network plans to:
work towards making XDC token more aligned with real-world utilities. This will be done by connecting the XDC utility protocol with various other production systems
make XDC ecosystem more liquid and transparent. XinFin Network will be adding XDC to more and more regulated exchanges
make XDC tokens securer. The network that has always ensured the security of XDC tokens for its wallet users will be adding regulated custodians and hardware wallet to store XDC
Benefit from XinFin Fintech Admin / Foundation
XinFin Fintech admin/foundation will be taking care of maintenance, masternode network and coordination with the community for the further enhancement of the network protocol.
Benefit from TradeFinex
TradeFinex enables liquidity of various financial instruments. All bridges and applications are powered by XDC Protocol. Further, the consortium will help to make protocol more compliance and government-friendly.
Benefit from Alphaex
Alphaex will provide token swapping and enable liquidity against various token pairs like USDC to add value to various use cases run on XinFin network.
Benefit from Circle Partnership
The partnership allows TradeFinex to trade various financial instruments against regulated stable coin USDC.