Offshift to Deploy XFT on Binance Smart Chain following DAO Community Vote

April 27, 2021

Offshift is pleased to announce that, following the voting results of our inaugural proposal of the Offshift Community DAO, we will be deploying XFT to Binance Smart Chain (BSC) in May.

XFT Deployment Proposal

In order to expand access to our token and provide traders with a low-cost alternative to the Ethereum network’s rising gas fees, we proposed deploying XFT to one additional, EVM-compatible blockchain. Here’s what our community had to say:

84.59% voted “Yes” for deployment on Fantom (FTM)

98.99% voted “Yes” for deployment on Binance Smart Chain (BSC)

Moving Forward

Taking the directive of our community, the Offshift core development team has already taken preliminary action to begin the deployment process on BSC.

Of course, in addition to completing deployment, we will be moving promptly to list XFT on PancakeSwap, the Binance ecosystem’s top-performing DEX, so as to offer trading access to low gas fees.

In order to successfully deploy and list XFT, we will be taking a number of measures over the weeks ahead. The Offshift team anticipates a full BSC deployment in May, and a PancakeSwap listing shortly thereafter.

The team is also exploring various strategies and incentives to build a deep liquidity pool on PancakeSwap, and we will be releasing further announcements soon — stay tuned!

To remain up-to-date and in-the-know with everything Offshift as we deploy our token to BSC, release development updates, and continue building out our revolutionary PriFi platform, come join us on our dedicated Discord channel.

About Offshift

Offshift is leading private decentralized finance (PriFi) with the world’s first Private Derivatives Platform. It leverages zero-knowledge (zk) proofs and sources reliable, real-time price feeds from Chainlink’s decentralized oracle network to enable users to mint zkAssets, an unprecedented line of fully private synthetics. Offshift’s mostly anonymous team has developed a trusted reputation for their thorough privacy research, development and execution.

To learn more and get involved, visit the links below: