Topic: XinFin [XDC] Connecting Blockchain to the real world through IoT - page 4. (Read 29144 times)

Snips is a nobody. He hangs out in telegram all the time and starts shit with anyone that challenges this scam project. This project is a scam! Wash trading is all the volume it has. It is only worth 10 satoshi's and falling even more. This is a want to be ripple scam from india...check out the facts for yourself.

Hey I am Supersnips (one of the Admins at Telegram). First of all, I want to outline that we always try to  encourage an open, professional and facts based discussion in our Telegram group.

Indeed it is a serious allegation and yet there was no more specific explanation provided. However, I encourage everyone to join our Telegram and see for themselves: https://t.me/xinfintalk
We do always encourage an open discussion in our Telegram Group, as long as it is no obvious FUD without any Question. Our Co-founders answer questions in telegram from time to time besides the Admins.

You can also always arrange a visit of our Office in Singapore. @sisterchristian For that please send a short email with date you want to visit to [email protected]. Everyone in interested can do the same. Everyone in our Telegram group is cared with big respect, but we have a zero tolerance policy against any kind of FUD. As „sisterchristian“ wrote he/she based their allegation on a moment at telegram which hasn’t been specified. So this might be a misunderstanding (as I don’t want to accuse “sisterchristian” any intention with this. Some time earlier there were people trying to manipulate the market price with FUD) some people tried this a while ago. So possibly this is exactly what happened and/or our members reacted to same kind of statements. If you have questions, you can always reach out at telegram directly to me/ ask in the Telegram group or send an Email to [email protected]. Any kind of XinFin related Question is always welcome! Looking forward to see some of you in our telegram Community Channel!

It may still turn out to be something good but my experience has been horrible. The community on telegram are useless and rude. The team members have nothing to do with the community. They are nowhere to be found. This project is from India and they have zero skills in community organization and keeping the investors in the loop.

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You all should spend some time in their telegram group and see what a scam this project is.

a very serious allegation but seems that youve done your homework here already.
if you have valid proofs of such allegation, you can create a thread also in this board so traders or other users will be aware of this potential scam as you said

https://bitcointalk.org/index.php?board=83.0

i really thought this is a promising project as when you browse their site, seems everything is well prepared and documented

https://miro.medium.com/max/1400/0*wEUq6BePHma2xbdG

Your token has been added to a large number of cryptocurrency (large) exchanges. At the same time, the daily trading volume is very modest.

Do you plan to take any actions to increase the activity of traders?

Where can I get a link to this Singapore cryptocurrency exchange?

When will the roadmap for 2020 be drawn up?

You have reached great heights, but I want to understand how you will develop in the future

Is your blockchain supported by masternodes?

What pools can I run your masternodes on?

XDC and XDCE are utility tokens?

If you developed your blockchain, then it should be coins? or I'm wrong?

Have you done a legal assessment of these tokens?

Not so long ago, you announced the transition to the Web 3.0 blockchain.

When will the transition to this blockchain begin and where can I read more about its features?

How many full-time employees currently work in your company?

Where is your main office physically located?

What fiat currencies are currently supported by tradefinex.org?

Is it possible to instantly withdraw fiat to a debit card?

I was introduced to this project by a fellow trader a couple days ago. I spent the last couple of days researching while buying this cheap coin. After witnessing what I would call a very childish community, I would highly recommend staying away from this project. It's a major scam IMO. I was hoping for the best but after my research, I will be selling my holdings.

Major Scam

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 XDCe is guilty of wash trading. Sec investigating # Source Pair Volume (24h) Price Volume (%) Category Fee Type Updated 1 Mercatox Mercatox XDCE/ETH $85,267

[mod note: post broke either rule 21 or 32 from https://bitcointalksearch.org/topic/unofficial-list-of-official-bitcointalkorg-rules-guidelines-faq-703657 and thus has been merged with the first one in a row]

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Black Tier Solutions has announced a partnership with Web 3.0 Blockchain Transition (W3BT).


As the primary technology partner, Black Tier Solutions will be responsible for assisting W3BT in developing a transition strategy, tokenization and blockchain application for their clients built upon Hybrid Blockchain technology.
“It’s not like blockchain is simple. It’s still very new to anyone not in the space and the technology is constantly evolving. It’s encouraging to see organizations like W3BT who are helping traditional companies in the transition process. This is an exciting time and we are ready to do our part” said Chris Neill, founder of Black Tier Solutions.
Reese Irish founder and CEO at W3BT said; “Our goal is to give exposure to the best technology in the blockchain space that can make a real difference in the future. We want to offer the best solutions to our clients and we are honored to work with such great people at Black Tier and XinFin. This partnership is believed to be a true blessing for not only us but also for everyone involved in our future projects.”

About W3BT
The Web 3.0 Blockchain Transition is the process of increasing the adoption of blockchain technology. There are many brilliant blockchain developers out there. W3BT’s function is the educate and connect people to the knowledge of the importance of utilizing blockchain technology. Many do not understand how businesses can benefit from this technology yet and W3BT’s goal is to close that gap.

About XinFin.Network
XinFin is an open-source enterprise-ready hybrid blockchain for global trade and finance. It combines the power of public and private blockchains with interoperable smart contracts and is fully EVM compatible. For more information on XinFin, please visit XinFin.org.

Black Tier Solutions announced the partnership with Blockchain at Michigan.

Black Tier Solutions will be responsible for assisting the University of Michigan Blockchain group to develop a tokenized student rewards program and a tokenized gaming platform using XinFin Hybrid technology.

“The University of Michigan produces some of the most talented developers in the country and they have an unparalleled interest in blockchain. This initiative is a first of its kind here in the United States and we are thrilled to be a part of it” said Chris Neill, founder of Black Tier Solutions located in Lancaster, Pennsylvania.

“We are more than excited to partner with Black Tier Solutions and the XinFin protocol,” said Jonathan Calso, VP of Consulting at Blockchain at Michigan. “Students get a chance to work on real applications and gain valuable experience in an emerging and fast-paced industry. We hope to expand the blockchain ecosystem on campus, and the developer ecosystem on XinFin as well”
The University of Michigan plans to undergo a soft launch in Q4 of this year.

About Blockchain at Michigan
Blockchain at Michigan prepares students to excel in the Blockchain space by providing professional development opportunities alongside industry partners, building educational resources with multidisciplinary facets, and aiding students in meaningful research and project development.

About XinFin
XinFin is an open-source enterprise-ready hybrid blockchain for global trade and finance. It combines the power of public and private blockchains with interoperable smart contracts and is fully EVM compatible. For more information on XinFin, please visit XinFin.org.

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Black Tier Solutions has announced a partnership with Web 3.0 Blockchain Transition (W3BT).


As the primary technology partner, Black Tier Solutions will be responsible for assisting W3BT in developing a transition strategy, tokenization and blockchain application for their clients built upon Hybrid Blockchain technology.
“It’s not like blockchain is simple. It’s still very new to anyone not in the space and the technology is constantly evolving. It’s encouraging to see organizations like W3BT who are helping traditional companies in the transition process. This is an exciting time and we are ready to do our part” said Chris Neill, founder of Black Tier Solutions.
Reese Irish founder and CEO at W3BT said; “Our goal is to give exposure to the best technology in the blockchain space that can make a real difference in the future. We want to offer the best solutions to our clients and we are honored to work with such great people at Black Tier and XinFin. This partnership is believed to be a true blessing for not only us but also for everyone involved in our future projects.”

About W3BT
The Web 3.0 Blockchain Transition is the process of increasing the adoption of blockchain technology. There are many brilliant blockchain developers out there. W3BT’s function is the educate and connect people to the knowledge of the importance of utilizing blockchain technology. Many do not understand how businesses can benefit from this technology yet and W3BT’s goal is to close that gap.

About XinFin.Network
XinFin is an open-source enterprise-ready hybrid blockchain for global trade and finance. It combines the power of public and private blockchains with interoperable smart contracts and is fully EVM compatible. For more information on XinFin, please visit XinFin.org.

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The Singapore-based crypto exchange announced today that XinFin’s token will go live on its platform on October 8. The customers can begin making deposits and withdrawals from the 4th October post listing.

XDCe is the native digital currency of the XinFin Blockchain Network, an open-source public blockchain network that offers stable coin/token creation, smart contracts and document storage.

XinFin Blockchain Network is run by more than 50+ independent enterprises and individuals across the globe. The idea, according to XinFin, is for its council to ensure that the network remains decentralized and focused on the use case of digitization and tokenization of trade and finance instruments under TradeFinex Tech Ltd. This entity has already received a RegLab License under ADGM-Regulatory, UAE.

Homiex will list XDCe/BTC and XDCe/USDT Pair on Oct 8, 2019.



Homiex co-founder Mr.Zhong Weixiang & Mr.Dr. Zhou Hongming with XinFin Co-founder Ritesh Kakkad
HomiEx is founded by a dynamic team of blockchain professionals like Mr.Zhong Weixiang & Mr.Dr. Zhou Hongming. Both of them graduated from Nanyang Technological University at the end of 2017. They are also part of “The Huobi Global Elites program” run by Huobi which is one of the largest cryptocurrency exchange platforms in the world.
HomiEx is located in Singapore and provides services like crypto to crypto exchange with the added option of topping up a user account using Fiat Currency like SGD and CNY.
On this auspicious occasion, Mr.Zhong Weixiang, co-founder of Homiex said:
“XinFin’s community and the level of adoption are growing steadily. We see great potential with XinFin Network’s use case in trade finance and would like to list XDCe on our crypto exchange”
Also added
“We welcome each and every member of XinFin Community and we are available over telegram to support for any queries or questions. ”
Every Customer need to Process KYC since Homiex follows strict regulation under the Singapore Law.
Register at HomiEx Exchange: https://bit.ly/331Q4uH or
Simply scan the barcode and register on HomiEx.com.


For any kind of queries or questions Homiex’s Telegram Support available at https://t.me/homiexsg

About XinFin:
What is XinFin ?: https://www.youtube.com/watch?v=K-tHZkV6zAs

Useful link for XinFin Masternode
Steps to Setup Masternode on XinFin MainNet
XinFin Mobile Wallet
XinFin Web Wallet
Steps to resign master node
Step by step guide to issue your own token on XinFin network
Guide to setup node with one click installer
Setup XinFin Blockchain Node (Masternode) with One-Click installer

We invite you to join the XinFin Community at:
Telegram: https://t.me/xinfin
Twitter: https://twitter.com/XinFin_Official
Subscribe to the XinFin Community Newsletter by clicking here. You will receive our newsletter direct to your inbox every month.
XinFin Hybrid Blockchain More information at www.xinfin.org

XDC wallet is now officially released on XinFin mainnet and users can now store their XDC and XDCE tokens in XDC wallet.

XinFin and its products are making headlines every other day. After successfully launching XinFin mainnet on June 1, 2019, XinFin is now all set to officially unroll XDC wallet for its global community. Users can now use XinFin wallet to store and transfer XDC and XDCE tokens.

XinFin mainnet is running live at https://XinFin.Network.

Let’s see how to download or update XDC wallet:

Downloading Or Updating XDC Wallet

To download or update XDC wallet, Android phone users can use the following link:

https://play.google.com/store/apps/details?id=com.xdcwallet

Here’s a screenshot of XDC wallet on Google Play Store:



*Please note that it is your responsibility to back up your private key and store it at a safe place in order to prevent tokens loss. XinFin will not be accountable for the loss of your tokens if you don’t store your private key, whatsoever.

Before we explore the key features of XDC wallet, it’s important for users to know that:

XDC wallet is the official mobile wallet for XinFin. Currently, XDC wallet can be used to store:
1) XDC which is the native token of XinFin &
2) XDCE which is an ERC20 token

Key Features Of XDC Wallet

XinFin XDC wallet comes with the following features:

• Securely send and receive XDC and XDCE anytime and anywhere
• User-friendly and clear UI/UX
• Send and receive XDC and XDCE rapidly using XinFin Network
• Maintain the balance record easily using dashboard
• Supports both the tokens: XDC and XDCE
• A decentralized and highly secure wallet
• Changes Introduced In XDC Wallet

Some prominent changes have been done by XinFin team in the latest version rolled out-UI/UX and wallet functions being the significant ones. Let’s take a look.

The new XDC wallet:

• Runs on the XinFin mainnet
• Supports a new feature that allows users to store XDC and XDCE under one address for easy handling of private keys
• Clearly demonstrates the transaction information
• Enables users to send and receive XDC and XDCE by scanning QR codes
• Enables users to export their private key
• Enables users to test the wallet with test XDC

*XDC wallet is a free, client-side interface helping users interact with the XDPoS blockchain. XinFin is an easy-to-use, open-source platform that allows companies to seamlessly generate/integrate wallets onto its blockchain.

XDC Wallet will never manage accounts with sensitive information such as passwords, private keys, or email addresses. In order to ensure the security and privacy of your information, please ensure that no sensitive information is ever saved, stored, or transmitted while using XDC Wallet. Please note that we only have access to the information that is publicly available on the blockchain and we will never hold your assets.

Only users themselves can access and control their funds?—?this is the purpose of decentralized networks. Your funds are stored on the XDPoS blockchain itself, and we are simply an interface that allows you to easily interact with them. Passwords and private keys are in the users’ hands and are the users’ sole responsibility.

Online community support is available on below-mentioned Telegram and Slack channels.

Join us at our Telegram Development Community or get in touch with our team at the Slack Public Channel.

We would love to hear from you. So, feel free to drop us a line or share feedback at any of our community channels.

About XinFin:

XinFin is an open source enterprise-ready hybrid blockchain for global trade and finance. It combines the power of public and private blockchains with interoperable smart contracts and is fully EVM compatible. For more information on XinFin, please visit XinFin.org or learn more about XinFin in this video.

Follow XinFin on:

Twitter: @XinFin_Official

LinkedIn: XinFin Hybrid Blockchain

Telegram: XinFinTalk

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The new interface of XinFin Web Wallet running on XDPoS blockchain

The website of the web wallet is completely redesigned inside and out! View the web wallet link at https://xinfin.network/#webWallet

There is a great deal of discussion in the crypto community about the necessity of providing a great user experience if XinFin wants to see widespread adoption of XDPoS blockchain. At XinFin, we are focused on getting the best ideas out of the feedback and discussions and then implementing them, as simply and intuitively as possible, for our users.

In XinFin Web Wallet, we have brought you pretty color schemes, cute buttons, and friendly fonts but at the end of the day, what matters most for XinFin is the “great USER experience”.

XinFin believes in a simple interface that comes coupled with customer support and on-demand education. While we have great respect for the experienced users, we welcome the new users with open arms.

XinFin has a ‘no intrusion’ policy. XinFin doesn’t store any data related to users. There is no tracking, no emails, no ads, and no demographics. XinFin will never monetize in a way that interferes with the user experience. Security matters most for us.

In the world of crypto, interface updates are more than beautification. Interface updates are a process of arriving together as a community, at what will work best for all the current and future users of XDPoS blockchains. Better interfaces are all about discovering the most universally intuitive way of interacting with decentralized financial and governance structures so that their promise of zero barriers to entry can be fully realized. We contribute to that goal by always striving to make our product more secure and more accessible!

From the beginning, we wanted to create a platform that is compatible with all kinds of devices, be it desktop, tablet or mobile. The uncluttered, inviting interface works on any screen, allowing you to access your wallet instantly or, if you are a first-time user of XinFin Web Wallet, creating a new one.

We created our designs keeping in mind both kind of users?—?the experienced users and beginners. While experts should be easy-to-find what they need easily and quickly, novices should feel welcomed and helped when visiting our interface.

Intuitive and Convenient

For example, it’s easy to tell which methods to access XinFin Web Wallet are most secure. For now, we recommend a keystore file, private key. For your security, we do NOT recommend accessing with a mnemonic phrase.

We will soon be supporting hardware wallets like Ledger, KeepKey, Secalot, Trezor, BitBox, and Metamask. Our developers are working round the clock to get all these hardware wallets onboard.

Once you access the wallet, you can perform all the tasks at one place, from checking your balance to interacting with contracts, without ever having to re-login. Unlock once and use all the features until you log out!

Wallet balances are loaded automatically, without the need for third-party extensions. Not only that, XinFin now features notifications! No need to wonder about the status of your transaction?—?you will find this information updated in the notifications section, the small bell icon!

Developers can easily deploy smart contract and interact with a contract on XinFin network.

User can send tokens offline. If you are using XinFin Original Web Wallet (XOW) offline and locally, it is not possible to send transactions directly from the offline computer. To send or broadcast a transaction, an internet connection is required. To do this, you should use a second computer that is connected to the internet. This has the advantage of keeping your private key on a separate offline device that won’t be afflicted by malware or hackers.

Under the Hood
When developing XinFin Web Wallet, we did not just focus on the front end, because we would not be satisfied with a cosmetic change. We wanted to provide our users with a robust backend that can live up to the evolving future of the XinFin (XDPoS) ecosystem. And, a web wallet that supports a feature which allows users to store XDC and XDCE under one address for easy handling of private keys.

So we invite all community members to support for future enhancement of XinFin Web Wallet. Check the XinFin Web Wallet here and enhance the features and errors at https://github.com/XinFinOrg/Wallet

*XDC wallet is a free, client-side interface helping users interact with the XDPoS blockchain. XinFin is an easy-to-use, open-source platform that allows companies to seamlessly generate/integrate wallets onto its blockchain.

XDC Wallet will never manage accounts with sensitive information such as passwords, private keys, or email addresses. In order to ensure the security and privacy of your information, please ensure that no sensitive information is ever saved, stored, or transmitted while using XDC Wallet. Please note that we only have access to the information that is publicly available on the blockchain and we will never hold your assets.

Only users themselves can access and control their funds?—?this is the purpose of decentralized networks. Your funds are stored on the XDPoS blockchain itself, and we are simply an interface that allows you to easily interact with them. Passwords and private keys are in the users’ hands and are the users’ sole responsibility.

Online community support is available on below-mentioned Telegram and Slack channels.

Join us at our Telegram Development Community or get in touch with our team at the Slack Public Channel.

We would love to hear from you. So, feel free to drop us a line or share feedback at any of our community channels.

About XinFin:

XinFin is an open source enterprise-ready hybrid blockchain for global trade and finance. It combines the power of public and private blockchains with interoperable smart contracts and is fully EVM compatible. For more information on XinFin, please visit XinFin.org or learn more about XinFin in this video.

Follow XinFin on:

Twitter: @XinFin_Official

LinkedIn: XinFin Hybrid Blockchain

Telegram: XinFinTalk

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TradeFinex 2019 RoundTable Conference held at ADGM Academy, Al Maqam Tower, 20th Floor ADGM Square, Abu Dhabi, UAE on June 18, 2019.

June 2019 was an exciting month for the blockchain community with events like World Blockchain Summit (Taiwan), Blockchain Expo Global (London), Blockchain Life 2019 (Singapore) attracting thousands of people from across the globe. Amidst all these colossal events, there was one small but impactful event that stole the limelight. It was TradeFinex 2019 held at ADGM Academy, Al Maqam Tower, 20th Floor ADGM Square, Al Maryah Island, Abu Dhabi, UAE on June 18, 2019.

A bit about TradeFinex 2019-ADGM RoundTable Conference, Abu Dhabi UAE

Organized in association with ADGM Academy on June 18, 2019, TradeFinex 2019 was a one-day blockchain powered trade and finance roundtable conference that attracted some bigwigs of blockchain, trading, and finance industry.

One of the finest events held in Abu Dhabi, UAE in the year 2019, TradeFinex 2019 was led and arranged by the co-founders of TradeFinex Tech Ltd. (an ADGM RegLab Participant)-Ritesh Kakkad and Atul Khekade. The attendees consisted of well-known industry leaders and speakers and emerging talents like Ken Coghill (Dubai Financial Services Authority), Steve Barnett (ADGM), Robert Jan De Jong (Bitfinex), Natalia Bushkevich (Oracle), Inès Taki (Bpifrance), Satyajit Roy (Vistra), Meng Chan Shu (Connect Blockchain), Priyesh Kapadia (BDO, UAE), Stewart Adams (Vistra), Sudhir Bettadapura (PKF UAE), Rijil Raj (PKF UAE), Jignesh Ved (Alphaex.net), and Tim Draper (Draper Associates/DFJ/Draper University), Paul Ruskin (Trace Financial), Tadashi Yoshida (TradeFinex) who were virtual attendees.

Ritesh Kakkad, Co-Founder, TradeFinex welcomes participants to TradeFinex 2019

Ritesh Kakkad
Ritesh Kakkad, the co-founder of TradeFinex kick-started the event and welcomed all participants to a one-day blockchain powered trade and finance roundtable TradeFinex 2019 ADGM conference.

Atul Khekade, Co-Founder, TradeFinex introduces TradeFinex 2019

Atul Khekade
The first session was the introductory session in which Atul Khekade, the co-founder of TradeFinex introduced the TradeFinex platform, discussed XinFin license, ADGM license, and live network & integration. He threw some light on the purpose of holding such blockchain roundtable conferences and also invited financial institutions and organizations worldwide to come together to make open standards for blockchain based global trade and finance.

Here are a few highlights from his speech:

Importance of building an ecosystem: TradeFinex is an open standards platform which brings together all stakeholders including customers, organizations, regulators on one single platform. Thus, building an ecosystem for open standards.

Importance of open standards and protocols: Lack of standards hurts the trade and finance industry the most and interoperability can be achieved through TradeFinex 2019, open standards roundtable and working together.

The building of a value system: The foundation of any ecosystem/economy is the intent for a buyer and a seller to work together. How the two parties are going to honor the agreements, what rules and regulations they are bound by, what standards they are governed by are the points to be noticed while building a value system. Working with different regulated markets, companies, and industries across various jurisdictions is a constraint.

The Focus of TradeFinex: The main intent of TradeFinex 2019 is to bring all the global ecosystem partners together and ensure that there are minimum friction and overhead for them while working with a digital system. TradeFinex doesn’t aim to disrupt the legacy systems but focuses on building open standards that interoperate and exist with legacy systems. TradeFinex is also platform agnostic and extends its open plug-n-play APIs that can work with any platform and are designed to be interoperable.

The network: The hybrid network combines the power and transparency of public network and the security and speed of the private network. It can easily work with regulated institutions that want a part of their data to be public and rest remain private. The private network can interoperate with any other platform and verify the required data and transactions?—?something that helps in cross border trade and settlements. TradeFinex works with core banking systems, regulated systems, standardized systems like ISO20022, international SWIFT partners. The network is really designed for enterprises and financial institutions to work and create a digital replica of what they already have on the network.

Lastly, Atul Khekade invited all the partners like financial institutions, regulators, liquidity providers enterprises and governments to come and work together to build an interoperable and open standards ecosystem. Interested participants can visit tradefinex.org now.

One stage and two regulators
TradeFinex was one of the first events organized in Abu Dhabi in which two different regulators came on stage together. The two regulators are Abu Dhabi Global Market (ADGM) and Dubai Financial Services Authority (DFSA). The two speakers-Steve Barnett (ADGM) and Ken Coghill (DFSA) were the center of attraction at TradeFinex 2019.

Representative members from Ahmed bin Saeed Al Maktoum* were also attraction from Dubai (*as per Wikipedia, CEO, and chairman of Emirates Group, A billionaire member of Dubai’s ruling Al Maktoum family, he is believed to be one of the world’s wealthiest royals.)

Steve Barnett, Head of Financial Centre Development, ADGM introduces ADGM

Steve Barnett
Steve Barnett introduced ADGM and RegLab and explained their approach towards the new technology. He also went on to discuss their purpose behind RegLab/Sandbox facility. He discussed the three things that have separated ADGM from others. They wanted to provide a platform for people to do business in the region. They went out and talked to their stakeholders, clients, potential organizations, and ensured they provided something that fulfilled organizations’ needs. The first one was they had to a price where people could trust the environment. They needed a legal framework which was supportive of the worth of business. The second was ADGM should be an easy-price-to-do business and they should try and cut through some of the inherent challenges doing business in emerging markets in that region. The third thing was ADGM should be innovative and regulator-friendly. ADGM believes in doing good business ensuring that the standards are met and the growth of the markets is protected.

A panel discussion on Assets Tokenization

Natalia Bushkevich

The third session consisted of a 5 minutes presentation by each panel member, panel discussion and a Q&A session.

The panel members were:
Natalia Bushkevich- Oracle
Atul Khekade- TradeFinex
Ken Coghill- DFSA
The important takeaways from the session were:

The growing trend and popularity of asset tokenization across the globe
Asset tokenization helps reduce the trade and finance gaps
According to Natalia Bushkevich, Business Innovation & Technology Advisor Oracle, “We are getting lots of attraction from customer to tokenize the assets.”
A panel discussion on Advances in Trade Finance, Procurement & Technology

The fourth session consisted of a 5 minutes presentation by each panel member, panel discussion and a Q&A session.

The panel members were:
a. Paul Ruskin-Trace Financial
b. Inès Taki- Bpifrance
c. Steve Barnett-ADGM
d. Atul Khekade-TradeFinex (panel moderator)

The important takeaways from the session were:

According to Paul Ruskin, Director of Business Development Trace Financial, “The blockchain adoption is growing worldwide by the institutions and we excited to work with XinFin for various use-cases.”
Inès Taki, Bpifrance, said, “Bpifrance came out with various startups programme to adopt new technology. We are already given funding of 100k each to a few startups to experiment with various innovative technologies.”

A panel discussion on Enabling Secondary Markets for Greater Liquidity

The fifth session consisted of a 5 minutes presentation by each panel member, panel discussion and a Q&A session.

The panel members were:
a. Robert Jan De Jong-Bifinex
b. Ken Coghill-DFSA
c. Jignesh Ved-Alpha Labs
d. Meng Chan Shu-Connect Blockchain
e. Ritesh Kakkad-TradeFinex (panel moderator)

The important takeaways from the session were:

Accessing secondary markets is adding more and more liquidity to secondary markets
Ken Coghill, DFSA, one of the regulators discussed various KYC and AML guidelines
Audience expressed their views on the various tedious KYC processes and why they want a seamless KYC process
According to Robert Jan De Jong, Business Development Manager Bitfinex, “as a regulatory requirement we might also ask for income proof to verify the source of the fund.”
Jignesh Ved, IT Consultant, Alpha Labs said, “Digital exchanges are not only restricted to cryptocurrency trading but they are also about adding any other digital assets like receivables, tokenization, instruments or assets exchange.”
Tim Draper was a virtual speaker from USA, at the TradeFinex event. He also shared his views on bitcoin, blockchain, artificial intelligence, and associated technologies.

Tim Draper

The importance takeaways from the session and video recording were:

Satrajit Roy, Governance, Risk and Compliance Professional, Vistra said, “Blockchain can reduce KYC process time from 72hrs to 7hrs since the technology already has traceability of data.”
Tim Draper said, “I love the sandbox idea. I love the idea that people are experimenting with the new government programs to allow all of these interesting technologies to flow in.”
According to Tim Draper, “Bitcoin and all the associated technologies like artificial intelligence and more are going to potentially transform the biggest industries in the world the way the internet transformed various industries.”
Tadashi Yoshida on TradeFinex 2019

Tadashi Yoshida
Another virtual speaker at TradeFinex 2019 was Tadashi Yoshida, the community development head for Japan region. He shared his views on the TradeFinex platform.

A panel discussion on Empowering MSME’s and Looking Ahead: Data Standardization, Sharing & Blockchain Interoperability

The sixth and the final session consisted of a panel discussion and a video by Tim Draper.

The panel members were:
a. Inès Taki- Bpifrance
b. Satyajit Roy- Vistra
c. Ritesh Kakkad-TradeFinex (panel moderator)



Details on TradeFinex: https://tradefinex.org/

Details on XinFin: https://xinfin.org/

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Venture Capital Networks (VCN) is a Singapore based investment and capital management company also provides listing advisory, deals syndication and fundraising services for qualified projects. VCN has deployed a smart contract on XinFin network using MyContract.co platform with the token name VCN. VCN token is deployed on XinFin Network :

According to VC Network, the new token is designed to help user access to their newly setup unique platform called VC Prestigious Club for their series of crypto investment products & services. The platform helps investors better match projects with the help of AI.

While sharing more details about the token, Janet Lee, Venture Capital Network CEO, stated:
We are excited to deploy our token on XinFin.Network. VC Network is planning to go for full regulation under Asset Management category with different regulators and chose XinFin Network over many other blockchain platforms because of features like KYC enforcement on nodes, Enterprise friendly and Governance driven DPOS Consensus, very lightweight and energy-efficient network requirements, and high scalability.

we are starting private offering round for early investor to look to invest in a unique VC Prestigious Club and an investment platform to improve the whole eco-system in fundraising, Improve efficiency & motivation for VC to invest in growing SME & startups companies by rewarding them with VCN tokens. And most importantly the appreciation in value for VCN tokens that is pegged with the performance of the VC investment fund also tagged with the membership during onboarding. And the ownership of a social clubhouse for members to mingle and network to include in the road map. We believe that the new token economy will eventually replace conventional investment method and offer users a more convenient, fast and cost-efficient way to tokens investment and users experience.

On this event, RiteshKakkad Co-founder of XinFin said “We welcome Venture Capital Network as part of XinFin eco-system member and we like to invite more institutions and developer community to join our blockchain platform. We have easy developer tools like one-click installer and MyContract to setup blockchain network and deploy smart contract”

About Venture Capital Network:
Singapore based Investment and capital management company. The company helps qualified projects to fundraise capital funding via ICO, IEO, STO, OTC & IPO platforms & through investor’s event regionally in China, Malaysia, Philippines, Korea & US. They are into M&A deals, deals syndications and 3rd party funds marketing. Currently fundraising their own VC Investment Fund and VC Prestigious Club platform to help scale up the business globally.
More detail: http://www.vc-network.org/

About XinFin.Network:
XinFin is an open-source enterprise-ready hybrid blockchain for global trade and finance. It combines the power of public and private blockchains with interoperable smart contracts and is fully EVM compatible. For more information on XinFin, please visit XinFin.org.

Useful Developer Resource for XinFin Network
Steps to Setup Masternode on XinFinMainNet
XinFin Mobile Wallet
XinFin Web Wallet
Step by step guide to issue your own token on XinFin network
Guide to setup node with one click installer

Follow XinFin on:
Twitter: @XinFin_Official
LinkedIn: XinFin Hybrid Blockchain
Telegram: XinFinTalk

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XinFin is launching a Bounty Program for Community on Launch of Mainnet! We Invite our Community and all bug bounty hunters to participate in the bounty program and win lots of rewards.



E-Wallet Bounty

XinFin has developed an extension wallet for the easy access of the users.

Product link: https://chrome.google.com/webstore/detail/xinfin-ewallet/bocpokimicclpaiekenaeelehdjllofo


Name the e-Wallet Bounty

Community members can suggest a name for the new e-Wallet and the name selected will be rewarded with 50 USD worth XDC.

Fill the google form to claim your bounty.


BUG Bounty

XinFin is happy to release the XinFin Extension Wallet: e-Wallet

XinFin introduces a Bug Bounty Program for testing XinFin Extension Wallet (XinFin eWallet).

Team XinFin welcomes all to test XinFin eWallet for any errors, bugs on XinFin TestNet and grab the bounty also provide ideas to enhance eWallet.

Program Rules:
Please provide detailed reports with reproducible steps. If the report is not detailed enough to reproduce the issue, the issue will not be eligible for a reward.
Submit one vulnerability per the report, unless you need to chain vulnerabilities to provide impact.
When duplicates occur, we only award the first report that was received.
Multiple vulnerabilities caused by one underlying issue will be awarded one bounty.
Phishing, Vishing, Smishing is prohibited.
Make a good faith effort to avoid privacy violations, destruction of data, and interruption or degradation of our service. Only interact with accounts you own or with the explicit permission of the account holder.

Out of scope vulnerabilities:
The following issues are considered out of scope:
Content spoofing and text injection issues without showing an attack vector/without being able to modify HTML/CSS.
Clickjacking on pages with no sensitive actions.
Attacks requiring MITM or physical access to a user's device.
Previously known vulnerable libraries without a working Proof of Concept.
Comma Separated Values (CSV) injection without demonstrating a vulnerability.
Missing best practices in SSL/TLS configuration.
Any activity that could lead to the disruption of our service (DoS).
Unauthenticated/logout/login CSRF.
When reporting vulnerabilities, please consider attack scenario / exploitability, and security impact of the bug.


Rewards:

Rewards are based on the Common Vulnerability Scoring Standard.

Low
Upto 50 USD worth XDC

Medium
Upto 100 USD worth XDC

High
Upto 150 USD worth XDC

Critical
Upto 200 USD worth XDC


Fill the google form to claim your bounty.

Above bounties ends on 15 August 2019.


Masternode Bounty Program

Every Masternode will be offered incentives as well as a special bonus bounty up to 900 USD worth XDC, for hosting Masternode up to 31st August 2019.

Conditions: Node must be up from the mainnet launch, 1 June 2019 till 31 August 2019.

Fill the google form to claim your bounty.


Masternode Luck User Bounty

XinFin invites you all whether you are a financial institution, a federal agency a developer or an individual, you can easily set-up a masternode using the one-click installer guide. XinFin invites its existing as well as new global users to set-up masternode using one-click installer function, and make an impact in the world of decentralized trade and finance. So, Setup Masternode now and be a part of XinFin ecosystem.

Airdrop Table

3 Months
500,000 XDC
* 5 Lucky Winners

6 Months
1000,000 XDC
* 5 Lucky Winners

9 Months
1,500,000 XDC
* 5 Lucky Winners

12 Months
2,000,000 XDC
* 5 Lucky Winners


Fill the google form to apply for the Rewards.

The Lucky winner will be announced officially by the team in our updates social channels.

Important Links:
Steps to Setup Masternode on XinFin MainNet.
XinFin Network Presents One-Click Installer For Blockchain Node Setup.
How to Backup Your Masternode Keystore on XinFin Network.
Steps to Resign the Masternode on XinFin network.

Follow XinFin on:
Twitter: ( @ ) XinFin_Official
LinkedIn: https://www.linkedin.com/company/xinfin/
Telegram: https://t.me/xinfintalk
Slack: https://launchpass.com/xinfin-public

For Help/Questions?

Telegram Channel: https://t.me/XinFinDevelopers

Slack Channel: https://xinfin-public.slack.com/messages/CELR2M831/

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Congratulation Peter Yeo for getting Asia's Leadership Award for XinFin at CMO Asia Awards held on 15, 16 August 2019 at Pan Pacific, Singapore.

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Step by step guide to deploy the smart contract on XinFin Testnet (Apothem) through XinFin Remix and XinPay.

Stage 1: Setup the Environment
You can find the XinFin remix at remix.xinfin.network. After this, you need to select the environment according to your contract.


After selecting the environment according to your contract you need to create a new file and name it.
Then you just need to paste your contract in the new file which you have created and select the compiler version as per your contract.


And then compile your contract.
Stage 2: Add XinPay in Chrome
After compiling your contract, you need to deploy it.
You would need to download XinPay in order to further deploy your contract.
Afterwhich, you can simply XinPay as an extension in your Google Chrome browser.


Once you accept all the terms and conditions, enter a strong password and remember your password as every time you would need to feed in the password in order to access XinPay.
After that, you will see a seed with which you can access your wallet. Make sure you take a proper backup of your Keystore as XinFin network is decentralized.
Post this, you would need to select XinFin Apothem network where you can get the test token from Faucet.


Stage 3: Deploy the contract
After getting the test token on XinPay, you can deploy the token from XinFin remix and submit the required transaction.


Post the deployment of the contract you can check the tx hash on the XinPay. This means you have deployed your contract successfully and you can check it on XinFin Scan.


Stage 4: Interact with contract
You can also interact with your smart contract on XinFin remix.


For Telegram Support Join: https://t.me/joinchat/GeOl40UaNJPlFLNwSvu9cQ

About XinFin
XinFin is an open-source enterprise-ready Hybrid Blockchain for Global Trade and Finance.
XinFin network capabilities allow all types of enterprises to connect their legacy systems with a Blockchain Network via XDC Protocol and messaging compatible with ISO20022 standard. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit www.xinfin.org or learn more about XinFin in this video.

Useful link for XinFin Masternode
Steps to Setup Masternode on XinFin MainNet
XinFin Mobile Wallet
XinFin Web Wallet
Steps to resign master node
Step by step guide to issue your own token on XinFin network
Step by step guide to swap token on XinFin network
Guide to setup node with one click installer
Watch the video to Setup XinFin Masternode with One-Click installer

Follow XinFin on:
Twitter: @XinFin_Official
LinkedIn: https://www.linkedin.com/company/xinfin/
Telegram: https://t.me/xinfintalk

Today, development and blockchain seem to be synonymous words. From solopreneurs to international entities, everyone is implementing highly beneficial use cases of blockchain to their work ecosystem. Companies in the blockchain industry are doing best to help the blockchain-hungry world to leverage the technology and make the most out of it.

Similar to all revolutionary ideas that ever changed the world, blockchain too is facing some scepticism. However, innovation is nowhere close to being canned.

In this blog, we’ll be talking about two different blockchain ecosystems, namely Cosmos and XinFin. While both the names do not suggest much about what the blockchains are aligned to serve, here we lay down a brief comparison of the two blockchains (a blockchain network in case of Cosmos) while also explaining what purpose they’re meant to serve.

Cosmos
Interoperability of blockchains was an unanswered problem until Cosmos was created. Transactions from one blockchain to the other was far from possible. As an independent network of parallel, interoperable blockchains working over the Tendermint Byzantine Fault Tolerance consensus mechanism, Cosmos delivers an ecosystem integrated with all the necessary tools and equipment required by developers to build blockchains.

The speciality with Cosmos is that every blockchain coded over the Cosmos network is interoperable, which means that two different blockchains can transact with each other. By doing so, Cosmos has brought the world closer to highly scalable blockchains and also to a decentralized internet of blockchains.

XinFin
XinFin Network has a more industry-specific goal of disrupting the trade and finance industry. It is an enterprise-focused hybrid blockchain that brings the benefits of both, a private and a public blockchain into one place. Its network architecture is built with a fork from Quorum and Ethereum blockchain making it suitable for both, public and private transactions. The network runs on the delegated proof-of-stake mechanism, rendering it highly energy efficient while also making transactions over XinFin trusted and expeditious.

Considering the vastness of the financial industry, XinFin has a huge market to disrupt and a scalable solution with a great market tendency. Hooking up the financial players with the blockchain industry can revolutionize the way most of the world today looks at finance.


Technical Specifications
The open source development tools platform and the network of parallel blockchains, Cosmos, functions with an average block creation time of six to seven seconds. This is comparatively higher when juxtaposed with that of XinFin Network that boasts of an average block creation time of two seconds.

As the transaction rate of a blockchain, often termed as scalability, is directly related to the block creation time of a blockchain, it is clearly evident that XinFin network harnesses a faster transaction rate.

In terms of consensus mechanism, both Byzantine Fault Tolerance consensus and XinFin Delegated Proof-of-Stake consensus are energy efficient and scalable. Though BFT is said to be only workable with permissioned blockchains, Tendermint Core engine promises that developers can create both private and public blockchains using their BFT mechanism. XinFin, on the other hand, makes the interoperability of private and public blockchain using the XDPoS consensus mechanism.

Coming to masternodes, XinFin has an upper hand as it offers KYC enabled masternode functionality while Cosmos does not.

Market Specification
Cosmos ecosystem is fueled by the ATOM token which is currently valued $6.04. XinFin, whose mainnet launch was scheduled on June 1, 2019, functions with the XDC tokens and possesses a value of $0.000547.

Cosmos and XinFin’s market capitalization according to CoinMarketCap data is $1.15 billion and $2.1 million respectively.

* Coin Price and Market Capital values are as per CoinMarketCap value on June 6, 2019

Parting Words
Cosmos and XinFin differ largely in terms of their core motives and end goals. Both the XinFin blockchain and the Cosmos blockchain network possess their own set of pros and cons.

While Cosmos is sure to make blockchains a more worldly thing by making them interoperable, XinFin will bring financial players into the ecosystem, who then will help spread the technology to the parties related to them — including the masses.

Do you think blockchain technology is mature enough for the major financial players to step in and reap its benefits? Let us know your thoughts in the comments below.

XinFin invites its existing as well as new global users to set-up masternode using one-click installer function, and make an impact in the world of decentralized trade and finance.

Blockchain is a revolutionary technology that is re-defining an inevitable component of our lives, finance. It has always been debated that the world’s financial system is due for a massive upgrade in terms of trust, transparency, accountability, and most importantly decentralization. Bitcoin, the earliest and the most successful chain supports over 8,000 nodes while Ethereum has about 25,000 nodes. Most of the nodes run by these ecosystems are mining nodes that participate in decentralization and distribution of the network.

Setting up Nodes

Nodes are a necessary component when it comes to becoming a part of the blockchain ecosystem and connecting to the world of decentralized finance, also maintaining the ownership of one’s own data and funds, at the same time.

For Blockchain to reach its full potential, it is necessary to make it simple so that any common person can understand it and can run his own node. This would enable the common men (without much technical knowledge) to control their own data and finances.

Considering that, in; not a very distant future, a household fridge will successfully track the available home food supplies and will make decisions automatically, interacting with the food supply chain, at the same time. It will automatically settle accounts and access external finance using its in-built wallet. It wouldn’t be wrong to say, we are heading towards a future of one blockchain node per household. Seeing the current scenario where every household has a minimum of one computer chip, one blockchain node per household isn’t much of an overwhelming prediction.

Scalability comes with innate simplicity and the purpose of this article is to make things so simple that someone with an average intelligence also finds it easy to set up a node.

At XinFin (eXchange inFinite), our vision is not to reinvent the wheel or compete with any other network (whether legacy, centralized or decentralized), but fine-tune the work already being done in the blockchain industry so that it finds its use in the real world on a day-to-day basis. At the same time, making it interoperable to achieve a use case that runs on the fundamentals of blockchain-something that is still not fully achieved. Yes, you guessed it right!! Decentralized trade and finance.

One-Click Installer from XinFin
XinFin developer community has been working tirelessly to make XinFin tech simpler and to make it easily accessible to masses. We are happy to present a multi-platform one-click installer that makes setting up a node seamlessly easy.

XinFin invites you to join the Bounty Program and run masternode on XinFin TestNet called apothem.network.

Let’s have a look at how to set up a XinFin one-click installer.

Setting up XinFin One-Click Installer

1) Download the one-click installer: https://xinfin.org/setup-masternode.php (This option is available for Windows and Linux O/s.)


2) Now, run the downloaded file to start the installation.

3) For installing the XinFin installer, read the PUBLIC LICENSE properly and click on “I Agree”.


4) Then, provide a path to create your destination folder.


5) Then, select the location where blockchain data will be stored.


6) Now, your installation is complete.


7) Open the folder where you have stored XinFin network files.


8 ) To access the application, start XinFin.Network where you will see the node info and the hosted master node.


9) If you want to see your blocks getting synced, you can see at your log file.


10) You can see your master node status at apothem.network.


Other steps to setup masternode:

Get XDC
Check Your Wallet / Explorer: Livenet: https://XinFin.Network and Testnet at https://apothem.network/
Future Provisions

XinFin is developed with a vision of being an interoperable hybrid platform that can work with mission-critical, data and price sensitive legacy systems as well as decentralized networks like Bitcoin and Ethereum.

XinFin Network will be supporting interoperability for the below-mentioned platforms in the near future:

R3 Corda, Hyperledger, ETH, BTC, XRP, Stellar, EOS, Tezos, Cosmos, and Tron

XinFin invites users to set-up masternode
Whether you are a financial institution, a federal agency or a developer, you can easily set-up a masternode using the above-mentioned one-click installer guide. XinFin invites its existing as well as new global users to set-up masternode using one-click installer function, and make an impact in the world of decentralized trade and finance. So, Setup Masternode Now and be a part of XinFin ecosystem.

About XinFin
XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of public and private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit www.xinfin.org or learn more about XinFin in this video https://www.youtube.com/watch?v=K-tHZkV6zAs.

Follow XinFin on:
Twitter: ( @ ) XinFin_Official

LinkedIn: https://www.linkedin.com/company/xinfin/

Telegram: https://t.me/xinfintalk

Slack: https://launchpass.com/xinfin-public

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XinFin community will also see considerable changes being made across the whole XDC ecosystem including token swap, wallet private key access, masternode setup, and staking, new supply release, side chain or private network setup, burning of XDC, etc.

Let’s take the new changes introduced by XinFin Network, one by one:

Change 1
XDC Token Allocation

XinFin had already notified the community through a disclaimer in their original white paper, that the token allocation is subject to change based on the institutional participation to facilitate a seamless trade and financing capability and liquidity support. As per their original white paper, a total of 100 billion XDC tokens were created on the XinFin platform. The total token supply was limited and locked which added certainty on the XDC supply. XDC ecosystem never had any concept of mining from the beginning as all the tokens were pre-mined. So, in the case of XDC tokens what matters at any point is the current ‘available’ supply of XDC on the market, also referred to as ‘circulation’.

As Per Original White paper

Total Supply: 100 billion

Founders & Core Team Allocation: 25 billion

Ecosystem Development: 15 billion

Pre-placement: 10 billion

Masternode (Ecosystem Participation) Incentive:32.5 billion

Hedge Pool: 10 billion

Social Cause: 5 billion

Contingency: 2.5 billion

XinFin Network reduced the total supply allocation to the following to run a robust ecosystem at the time of mainnet launch:

Total Supply: 37.5 billion (reduced by 62.5 billion from the original allocation of 100 billion)

Founders & Core Team Allocation: 20 billion (reduced by 5 billion from the original allocation of 25 billion)

Ecosystem Development: 5 billion (reduced by 10 billion from the original allocation of 15 billion)

Masternode Incentive: (reduced from the original allocation of 3.2 billion/ year to 87.6 million/year)

Pre-placement: 10 billion

Hedge Pool: 0 (reduced from the original allocation of 10 billion)

Social Cause: 0 (reduced from the original allocation of 5 billion)

Contingency: 2.5 billion

Change 2
Masternode Incentive

XDCs are given as a reward to masternode hosting institutions and as incentives for the community participants on the platform and governance.

After Mainnet Launch

Currently, masternode incentive is approximately 87.6 million which is much lower than the previous estimate 10% cap of 3.2 billion/year.

XDC rewards:

The yearly outflow total would be approximately 87.6 million given that it fulfills the following predefined conditions:

The block time should be 2 seconds on XinFin Network
Each day 48 Epochs will be created giving a sum of 17520 epochs every year
Hence, the master node holder will be rewarded with 5000 per epoch.



The masternode holder will be rewarded with 5000 XDC per epoch (distributed between participation 18 nodes with random selection). After each epochs’ smart contract will select other 18 nodes randomly from the network.

Assuming 54 masternodes (figure based on current inquiry as on May 28, 2019) and current XDC price $0.0005, roughly node should get return between (after staking 10 million XDC) 10–11 %PA (after deducting hosting cost) + small fees generated from each XDC transaction. Total income may increase with a fewer number of nodes and reduce with a higher number of the nodes. Here, we are not calculating any capital gain which generally happens after mainnet launch.

We will be happy to support you and onboard you as a masternode holder with rights to participate in governance. Please join slack or telegram channel to get quick support on setup.

Telegram Community: https://t.me/XinFinDevelopers

Slack Community: https://xinfin-public.slack.com/messages/CELR2M831/

Change 3
Ecosystem Development Pool

As per the original whitepaper, the tokens from this pool were to be utilized to fund incorporations that support the ecosystem development for XinFin. This supply was locked and a maximum of 2.5% of this supply was to be released every year.

Before Mainnet Launch

Ecosystem development pool has been reduced to 5 billion from the original allocation of 15 billion.

After Mainnet Launch

Ecosystem development pool which is reduced from 15 billion to 5 billion will be spent as per the following plan:

Admin/Foundation (XinFin Fintech): 2 billion

TradeFinex Tech : 2 billion

Alphaex Labs Ltd: 1 billion

Change 4
Vesting Release and new supply within XinFin Network

Before Mainnet Launch

As per the original white paper, 2.5% and 1% of the XDC tokens allocated for ecosystem development and founders were to be released every year.

After Mainnet Launch

Now, whatever tokens are locked for founders, 3% of the tokens will be released every year. Apart from the 3% as vesting period release from the founder holding, masternode holders will be incentivized with XDC tokens based on the number of transactions on XinFin Network. We are estimating new token generation at the rate of 87.6 million/year from the network.

Change 5
Hedge Pool

Hedge pool ensured that participants received agreed fiat currency value based on agreed conditions, irrespective of the XDC token fluctuation.

Before Mainnet Launch

As per the original white paper, the 10 billion token supply was to be used for hedging the commerce between financiers, buyers, and suppliers against changes in the XDC token value and for any settlement losses arising due to fall in the value of underlying XDC token. This supply was locked and up to a maximum of 5% was to be released every year.

After Mainnet Launch

The hedge pool token allocation which was 10 billion initially, has been reduced to 0. The reason behind is: XinFin will now work with smart contracts similar to Maker DAI-grade smart contract which will provide hedging and price stability through underlying stable smart contracts token (XRC20) which is pegged against the value of XDC. XinFin Network will use XDC from the existing supply in the open market and will not be working with any new supply of tokens.

Change 6
Social Cause

Before Mainnet Launch

As part of its corporate social responsibility, a portion of the XDC amount i.e. 5 billion was to be utilized for philanthropic activities and support several social causes to empower individuals and communities. The supply was locked and was to be released on a need basis.

After Mainnet Launch

With the mainnet release, the 5 billion token supply allocated for the social cause has been reduced to 0 as this might affect the XDC ecosystem. The social cause funding will be coming from the open market supply of XDC which will be used for building a sustainable future for all.

Change 7
Decentralized wallet with Private key access

Since now XinFin network is moving towards its mainnet launch, its new mainnet XDC token will be swappable against old XDC and XDCe tokens. XDCe will continue to get ERC20 liquidity and will act as a bridge which will connect various utility DApps from ERC20 network.

Before Mainnet Launch

Earlier, XinFin used to manage a centralized key store where it used to store the private keys for all the wallet users. Wallet users used an email id and password to login into the wallet. This wallet had provision for restoring password from the custodian.

After Mainnet Launch

With the new mainnet launch, wallet users will have full access and control over their private keys. XinFin will not maintain any centralized database of private keys. Users will need a private key and password to access their wallets. However, at the same time, it will be token holders’ responsibility to store the private key at a safe and secure place. Token holders may lose their tokens if they don’t store their private key at a safe place.

Note: New XDC Wallet is going to be fully decentralized and will provide full control over the private key to the user. Users will have to be careful about storing the private key to protect XDC coin. There is no option of restoring/recovering the private key, in case of users lose it.

Web and mobile wallet links are available at http://xinfin.network (getting live from June 1, 2019).

Meanwhile, you can access test Wallet at http://apothem.network

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.

Few other FAQs received from the community members

1) Who is the biggest token holder of XDCe holding over 60% of supply?

The 60% of supply currently is in custody of XinFin Admin account and it has been locked ever since it has been created.

2) What is this 60% supply for and what will happen to it after mainnet launch?

When ERC20, the swappable version of XDC was deployed, it was envisioned that both XDC and XDCe may need to co-exist for some time atomically linked to each other.

This was mainly because:

Hybrid chain: XDCe on ERC20, XDC on quorum, and XinFin mainnet token provides direct interoperability for XDC with ethereum ecosystem
Liquidity: XDCe (ERC20 token) gets much easier access to liquidity as exchanges charge almost 2–3 times more for the integration of a new chain
After mainnet launch, the 60% supply will still stay locked.

3) Is XDC to XDCe swap mechanism instant, delayed, manual or automated/atomic swap. Also, can we view code? Where and how is swap made on a technical perspective?

The XDC to XDCe swap mechanism is automated. No, you cannot view code. Currently, the swap is made through Alphaex exchange only. We are in discussion with other exchanges for supporting the XDC on mainnet.

4) Will the mainnet release change the XDC tokens already held by users? Are the founder tokens swapped to XDCe or not?

No, the mainnet release change will not change the XDC tokens into XDCe (or vice versa). They will still remain XDC. None of the founder tokens have been swapped to XDCe.

5) Where can the community check the supply of XDC in real time? How can investors know the total number of XDC aside from being written in the whitepaper?

The community can easily check the supply of XDC in real-time on the block explorer after the mainnet launch. Even the total number of XDC can be checked by investors on the XDC explorer itself. Visit XDC explorer here.

6) If the circulating supply of XDCe is swapped to XDC, can XDCe holders keep their tokens they already have? Or, is it mandatory to transfer XDCe tokens to Alphaex and swap it to XDC?

While XDC has utility for masternodes staking and as a utility coin for using various utilities on XinFin Network, the XDCe will continue to function for the foreseeable future. However, in a few months, all XDCe and XDC tokens will be eventually swapped to mainnet XDC token.

The report on XDC and XDCe in circulation will be publicly available on both etherscan and XinFin mainnet.

Currently, the swap can be done only over AlphaEx exchange.

7) What impact will the mainnet change have on trading volume since XDC is very low in volume?

Since all the transactions have been taking place through XDCe, we understand XDC was low in volume. But, with the mainnet launch, XDCe will be converted to mainnet XDC token. So, we expect the trading volume to go high with the conversion. Moreover, the native XDC token will also become swappable to mainnet XDC. Another reason for the low trading volume of XDC is: As per whitepaper, it is mandatory that XDC gets traded on regulated, custodian-backed, and insured exchanges, and not just any random exchange.

What is the purpose of getting rid of XDCe?

We are not getting rid of XDCe. XDCe will be present for the next few months until all the XDCe tokens are converted to mainnet XDC. Please note that this conversion will take a few months.

We have tried to cover most of the questions we got recently from various community channels and members.

We welcome your feedback and any queries you might have.

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Step 1: Host the Masternode either by downloading the One-Click Installer (recommended) or by using a Docker Compose file.

Download the One-Click Installer (Recommended) from here: xinfin.org/setup-masternode.php,
Or
Setup Masternode using Docker Compose link: github.com/XinFinOrg/XinFin-Node


Step 2: Once downloaded, run the One-Click Installer on the server.


On successful installation, you will get the Coinbase address as shown below.


Step 3: View the active node at by clicking here : xinfin.network/#stats


Step 4: Create a new account address from the XinFin wallet : xinfin.network/#webWallet. An exclusive address will be generated.
The new address generated would contain the balance required to propose the Masternode.


Step 5: Log in to the Masternode app using the private key.


Step 6: Become a candidate and upload the Know Your Community (KYC) certificate in PDF format.


This KYC certificate needs to be signed by one of the following personnel:

Company Secretary,
A Notary Public,
Chartered Secretary,
Consulate, or
A lawyer with Seal.
For INDIVIDUAL format, click here: https://docs.google.com/document/d/1Us9chjXEDYrDOpfuwWITxaQOSEYxYIpJpwWuYK0TyXY
 
For ORGANIZATION format, click here: https://docs.google.com/document/d/1eyjFp3DXhrpLscngELocmXFwJ_Y8H9si6n8Z2SLADhg

Note: It’s mandatory to upload the certificate in a PDF format.

Step 7: Once the KYC is uploaded, enter the Coinbase address and lock 10 million XDC tokens before running the Masternode.


Step 8: The proposed node will be added to the Masternode randomly through the Round-Robin method. On successful addition to the Masternode, the reward will be sent to the assigned XinFin Wallet.

For Masternode Setup FAQ, please read: GUIDE TO SET UP XINFIN MASTER NODE : xinfin.org/setup-Masternode.php . Also check Bounty page for Updated Bounty for latest bounty offer for the community: https://xinfin.org/bounty.php

Live Masternode Setup Support

Join us at our Telegram Development Community: t.me/XinFinDevelopers

Or

Talk to our team at the Slack Public Channel : xinfin-public.slack.com/messages/CELR2M831/

We always love to hear from our community members. Feel free to drop us a line or share feedback at any of our community channels.

About XinFin:
XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts and is fully EVM compatible. For more information on XinFin, please visit XinFin.org or learn more about XinFin in this video.

Follow XinFin on:
Twitter: twitter.com/xinfin_official?lang=en

LinkedIn: linkedin.com/company/xinfin/

Telegram: t.me/xinfintalk

I have been watching this project for quite a long time. every time I see news and various updates. the team's activities are aimed at improving their system. each time the result is all the best.