XinFin’s Hybrid Blockchain ICO was announced last week after launching minimum viable products and ongoing pilot projects with several institutions. The utility coin XDCE offering enters its second week.
XinFin, the first of its kind Hybrid blockchain platform is entering into the second week of its ICO for its utility coin, XDCE. XDCE is an ERC-20 token that is also 1:1 swappable with the XDC that has utility in hosting masternodes as well as to be used on tradefinex.org platform for Global Trade and Finance beta platform.
Karan Bharadwaj, CTO of XinFin, explained:
XinFin XDC Masternodes can float tokenized or non-tokenized private subnetworks which can be used by banks, utility companies, communities or enterprises for blockchain enabling and tokenizing their assets. XinFin network is a peer to peer contract platform running on stake based DPOS consensus which can use existing approved payment channels or use XDC as a settlement layer only through approved financial institutions. The architecture makes XinFin fully compliant with laws of the land.
He also added:
TradeFinex.org Platform is the first app launched on the XinFin’s hybrid blockchain platform aimed at bridging the $27 trillion infrastructure deficit globally. It is connecting buyers, suppliers and financiers through it’s trusted network of trade associations, financial institutions, policy makers and regulators.
XinFin launched the TradeFinex platform at the second peer to peer Digital Asset summit organized by Assocham in India and extended the platform to over 450,000 enterprise members of Assocham. Among its institutional tie ups is the Global Youth Economic Summit by NM College group, which extends the XinFin platform to over 35,000 students of various affiliated colleges. Singapore based Ramco Labs also announced plans to build hybrid blockchain solutions with XinFin on its XDC01 protocol for global supply chain finance. The upcoming major global expansion includes Canada and Sri Lanka and will be announced in the coming weeks.
To learn more about XinFin, please visit the project’s official website, xinfin.org. Information about their ongoing ICO can be found at xinfin.io. XinFin has an active and growing community on Slack, Telegram, and Twitter. Access to their Slack channel requires an invitation, which can be found here.
Images courtesy of XinFin