XFIT

What is XFIT and how Does It Work?

XFIT, the token of Xfai, a decentralized exchange (DEX), plays an integral part in facilitating the trade of ERC20 tokens. You specify the trade quantities and selected tokens, and the Xfai protocol initiates the trade. Xfai DEX diverges from traditional order book exchanges by excluding the step of matching buy and sell orders. The automated market maker (AMM) design, specifically, the constant product market maker (CPMM) model is utilized instead. The flexibility of Xfai's CPMM model prevents the division of security among various token pairs, thus reducing slippage. Trades on Xfai DEX adopt a standard swap fee. Weights in an Xfai pool represent underlying security. The division of security of Xfai DEX pools and XFAI token pairs is managed by XFAI's interlinked pools and their ample security.

The significance of an INFT lies in the quantity of associated XFIT tokens. Functions like infinity staking allow the minting of new INFTs, which can enhance the share value of existing ones. Participating in infinity staking involves receiving and depositing tokens in a smart contract. Token approval and swapping happen at the smart contract level on Xfai.

The DEX showcases attributes such as allowing minimal slippage, providing security, and facilitating participation in infinity staking. Its low gas cost and high transaction throughput may present appealing scenarios for traders. Using INFTs can potentially let you earn fees on Xfai when XFIT is locked up and security is ensured on Xfai DEX. A standard swap fee of 0.4% applies, shared equally between security providers and infinity stakers. By owning an INFT, you can safeguard security on Xfai DEX and may receive fees from the pool.

XFIT tokens are the lifeline of Xfai DEX, which serves as an automated market maker on the Linea chain. The CPMM model assists in establishing token exchange values, through an intertwined swap mechanism and fluctuating ETH-denominated weights. Depositing tokens into an Xfai DEX pool entrusts them to the Periphery contract. Security can be ensured on the DEX in exchange for INFTs, which may generate fees from future pools.

XFIT token-based INFTs can facilitate desired trades and yield passive fees on the DEX. The Core contract assists with token swaps on Xfai DEX.

The Vision and Mission Behind XFIT

XFIT is a utility token that performs diverse roles within the XFIT cross-chain project. It is a key element in setting up the system rules on the project's blockchain, which covers token distribution approaches and updates. Furthermore, XFIT acts as a native staking entity, promoting interaction within the project's ecosystem. It also plays a role in the project subsection described as Unique Selling Proposition exchanges, where it can be traded and used for operations such as bots, arbitration, and dividends. The token also facilitates a section for NFTs, which expands interaction between participants and adds diversity to the platform. Also, XFIT holders have the opportunity to vote on budget proposals, enabling a decision-making process that acknowledges community input for the distribution of project resources. Lastly, XFIT can provide credit scoring within the project's DeFi ecosystem, broadening financial opportunities for participants.

How to Buy and Store XFIT?

To purchase XFIT, Flooz.xyz offers a streamlined process. Traders can purchase the XFIT token via Flooz.xyz, using a smooth checkout without the need to own a wallet. All payment methods are supported, providing a convenient and hassle-free experience.

Using Flooz self-custodial web wallet, you can ensure seamless XFIT transactions. This includes storing, sending, and receiving tokens. Creating a self-custodial wallet on Flooz is a breeze, as you can use your email, Google, or Apple ID and be set up in a matter of seconds. This also ensures that you have access over your funds at all times, thanks to the power of cryptography.

Not only does Flooz.xyz provide a one-stop solution for buying XFIT, but it also offers aggregation and security features. By aggregating more than 50+ providers, Flooz.xyz ensures you have access to the fastest and cheapest payment routes for your trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz.

XFIT Metrics:

• Current price: $0.0032

• Market cap: $1.28 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $315