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File: 142 KB, 2982x2193, offshift.png [View same] [iqdb] [saucenao] [google]
21488050 No.21488050 [Reply] [Original]

Overview
>Offshift is a cryptographically private offshore storage & DeFi protocol on Ethereum
>The first token to utilize the new EIP for encrypted token transfers using zero-knowledge proofs
>Will allow you to send and receive zkTokens (e.g. zkUSD, zkETH) which completely privatizes number of tokens transferred and held
>XFT tokens are burned in order to mint zkAssets
>Extremely early stage project, literally the ground floor, only listed on uniswap currently:
uniswap.info/token/0xabe580e7ee158da464b51ee1a83ac0289622e6be

The Tech
This standard defines a way of interacting with a confidential token contract. Confidential tokens do not have traditional balances - value is represented by notes, which are composed of a public owner and an encrypted value. Value is transferred by splitting a note into multiple notes with different owners. Similarly notes can be combined into a larger note. Note splitting is analogous to the behaviour of Bitcoin UTXOs, which is a good mental model to follow. More info here:
>github.com/ethereum/EIPs/issues/1724
Test transactions on zkDAI
>etherscan.io/address/0xc5c0b2e7a265c96d29ae1e4e70cd542dedc87aee

Tokenomics
>$2mil marketcap
>$150k liquidity locked, here's the smart contract before anons start saying "rug pull":
etherscan.io/address/0x6e159c0084e60ab396a6298258b266d6e8ee5f10
>total supply: 10mil
>circulating supply: 1.75m
>rest is all locked with vesting plans, none released until 6 months after listing
>most is dedicated towards staking and rewarding users for using the ecosystem, which begins late Q4

Competitors
>Monero $1.7bil marketcap
>Zcash $920mil marketcap
>Haven $22mil marketcap
>Offshift $2mil marketcap
Each of those are their own blockchain, where as Offshift is utilizing Ethereum giving it much more value and usecases, allowing zkAssets to interact with other defi protocols etc. Very unique value proposition

(cont...)

>> No.21488100
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21488100

>>21488050
Upcoming Short-term Events
>Roadmap (just got released)
>Whitepaper v2
>Exchange listings
>Partnership announcements, hinting at ChainLink?
>New team hires

Right now the volume is increasing, whales are getting in 20ETH at a time and the number of addresses is growing pretty fast. Currently 800 addresses. Short term I'm expecting this to 5x before going into consolidation whilst development is happening

Links
>Uniswap
uniswap.info/token/0xabe580e7ee158da464b51ee1a83ac0289622e6be
>Website
offshift.io/
>Coinmarketcap
coinmarketcap.com/currencies/offshift/
>Coingecko
coingecko.com/en/coins/offshift
>Whitepaper
offshift.io/wp-content/uploads/2020/07/OFFshift_Whitepaper_v3_July2020.pdf
>Telegram Official
t.me/OffshiftXFT
>Telegram Trading
t.me/OffShiftTrading
>Twitter
twitter.com/OffshiftXFT

>> No.21488137

oracle integration in the coming weeks. wonder who that might be. $TRB $LINK $BAND? would all be bangers

>> No.21488140

I really like this project, I am pretty heavy in this and gear. I think both are an easy x10 from here.

>> No.21488190

What the fuck is XFT?

>> No.21488214
File: 569 KB, 781x468, 1416.png [View same] [iqdb] [saucenao] [google]
21488214

Any of the LINK or TRB BAND partnership will be no brainer fo such a small cap coin with great idea

>> No.21488243

Anon team. 100% gonna rug pull

>> No.21488246

>>21488190
Axe coinbase nigga https://www.coinbase.com/price/offshift

>> No.21488300
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21488300

>>21488243
do you read?

>> No.21488331
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21488331

There is a chinese proverb saying:

"Be not afraid, of growing slow and buying low, if boner show, duck might bite your foreskin off"

Me bought low. No boner to show.

>> No.21488332

>>21488243
Rug pulling with locked liquidity 100%

>> No.21488344

Plz buy my bags at $5 anon, I don't want you in XFT yet kthx

>> No.21488351
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21488351

>>21488243
Locked liquidity retard

Stay poor

>> No.21488398

>>21488332
>>21488351
Devs hold overwhelming majority of the supply

>> No.21488431

>>21488214
Trb would be ideal IMO

>> No.21488434

>>21488398
proof?

>> No.21488554
File: 66 KB, 427x774, devsupply.png [View same] [iqdb] [saucenao] [google]
21488554

>>21488398
already addressed by the dev, gtfo

>> No.21488791

>>21488434
Check out etherscan
https://etherscan.io/token/0xabe580e7ee158da464b51ee1a83ac0289622e6be#balances

>>21488554
That is a reasonable explanation, but it doesn't change that they hold the vast majority of the supply

>> No.21488892

bought my bag last night, really comfy

>> No.21489109

>>21488791
you know every project holds majority of their supply too right? virutally no one locks their shit. i mean you're questioning an anon dev, rightfully so, but this is the norm fyi

>> No.21489277

>>21489109
>every project holds majority of their supply too right?
There is no reason for devs to own that much of the supply. If there was a working product, or the devs weren't anonymous, I might feel safer, but there are entirely too many red flags here, and it isn't even pumping anyway

>> No.21489431

>>21488137
If it's gonna be link I'm finally gonna lose my virginity

>> No.21489506

>>21488050
anon it's best to just keep this quiet and accumulate. This will inevitably moon when the Chainlink partnership is announced, biz can buy my bags at $100+

>> No.21489741

looked into this. totally anonymous team except for the founder @JohnnyXFT. will be good for a pump, but not a long term hold in any sense

>> No.21490116

Stop shilling this shit, XFT isnt going nowhere

>> No.21490118

Just bought $3k of this let'sgo

>> No.21490120

muh bags are PUMPING.

>> No.21490126

That's cool, I just wanna make money not get married to it

>> No.21490130

The news coming on this fucking thing is going to be legendary

>> No.21490146

>>21489741
I disagree sir. I think if you hold it will be highly rewarding.

>> No.21490161

How is this still at such a low cap? Had it on the radar for a while now.

>> No.21490170

It’s comfy in here. This will pull an XOR.

>> No.21490188

Bags heading to the moon

>> No.21490216
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21490216

Its sunday and most of y'all are offshit! so go buy some offshift ffs jeez! $XFT baby!

>> No.21490217

I heard getting listed on coinbase price guide usually leads to a coinbase exchange listing.
60% of the time it works everytime

>> No.21490269

>>21488050
pajeet while are you still shilling this shit coin scam? it has already dumped from 1.55 to 1.35. Offshift is the worse hold on the cyrpto market, Stay away.

>> No.21490350

>>21490146
lmao what a pajeet shill response. Stop spamming ur shitcoin street shitter.

>> No.21490409

>>21488050
So what does this standout that other gorrillion crypto coins using these buzzwords?

>> No.21490470

>>21490409
its just the same pajeet shills spamming their copy paste threads. They been doing this for weeks and the price has gone nowhere but downwards. Anyone who buys this coin are stupid just like the people who bought yam coin.

>> No.21490600

>>21490116
>XFT isnt going nowhere
So it's going somewhere then.

>> No.21490777

>>21490470
you are retarded and will be jealous of the gains in a month while you are still poor from bear market PTSD

>> No.21490857
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21490857

>>21490470

>> No.21491163

This is gonna RUN very soon. You missed out on LINK. GEAR. XAMP. Don't repeat your mistakes!!

They have oracles integration this quarter- THAT'S ANY DAY NOW!!

>> No.21491199

just sold

>> No.21491228

Stop posting about this shitcoin anon

>> No.21491331

Please more FUD. The best shill

>> No.21491755

>>21490269
loving the fud

>> No.21492437

>>21489277
youre a fucking retard if you only buy into pumps

>> No.21492629

>>21488331
except in Chinese, its "ching chow bing wow mi hung fu sung"

>> No.21493120

If you're not in XFT you deserve to stay a shitty pajeet.

>> No.21493592

lots of sell signals in this thread

>> No.21493755

price cooled off since it's debut pump, nice time to get in because the $XFT sales pitch together with the ZkUSD product is going to trend hard during the next 3-6 months of this bull run.

>> No.21494427

It's too late for $1, but $1.25 will still be a good price when XFT is $5 in this bull market.

>> No.21494498

Who cares about XFT, just get some gear and retire anon

>> No.21494818

gives me early XVG vibes but with much lower circulating supply. someone stop me from going all in

>> No.21494926

Scam...

>> No.21494987
File: 36 KB, 470x470, leo.jpg [View same] [iqdb] [saucenao] [google]
21494987

>>21494926

>> No.21494989

>>21494926
NGMI

>> No.21495177

got myself a nice bag, so i wanted to sell a bit to make a risky move on another coin, but on uniswap i cant approve my xft, how do i proceed?

>> No.21495254

I found this on google, I've had problems getting approval before on various coins https://uniswap.org/faq/#why-is-my-approve-stuck

>> No.21495617

dont get shaken out my 20 iq fud trolls

we moon soon

>> No.21495642
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21495642

BASED

>> No.21495659

Moon joose mmmmm

>> No.21495707

>>21488398
Lockup contract is on testnet I think it happens this week. they had a push to get the brand out so they can start setting up partners for liquidity and swap provision and tumbling etc. you’ll be fomoing at 10mil mcap, then larping fud at 50mil, then buying at the 100 lol

>> No.21495806
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21495806

All these samefagging pajeets only trick newfags. Not buying this scam coin

>> No.21496017

>>21494818
Never go all in on an obscure uniswap defi plays, these are high risk, high reward propositions, drop 1 ETH in it and cross your fingers that while the circulating supply is super low, this token does 10x - 100x over the course of this bull market.

A lot of the big bag holders and whales in $XFT are waiting on that outsized 100x ish gain, so this thing has room to run before you take profit, even if you get in around $1...

>> No.21496042

>>21495806
study the wallet holders. note the telegram member count. watch the twitter cashtag and # of followers. it only takes a few influencers to send this. it's a novel as fuck project and much less hype than the shitcoin crypto arnie is peddling with Plutus while achieving the same thing, i.e. privacy+DeFi. DYOR or stay fucking poor faggot.

>> No.21496099
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21496099

>>21495806

>> No.21496137
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21496137

>>21496042
>privacy on ERC20
how many times are you going to post this meme?

>> No.21496188

>>21496042
PLT is just an overhyped mixer. Completely pointless and not even on the same league as XFT

>> No.21496235

>>21496137
>he doesn't know
kek

>> No.21496689

All eyes on $GEAR, my boy Offshift is feeling leftout :(

>> No.21497328
File: 160 KB, 1280x800, rainydayoffshift.jpg [View same] [iqdb] [saucenao] [google]
21497328

Only one who is left out - man with no XFT

>> No.21497900

>>21496137
>https://medium.com/aztec-protocol/confidential-transactions-have-arrived-a-dive-into-the-aztec-protocol-a1794c00c009
You might think zk-proof isn't possible on the ethereum network but aztec completed a proof of concept demonstrating its feasibility.

>> No.21498111

>>21497900
>almost two years old
don’t care still not buying

>> No.21498126

pajeets who probably also hold that piece of garbage XHV, dump XFT at a dollar so the real heroes can profit when announcements start rolling in.

>> No.21498275

>>21498111
you're fucking dense, that's alright.

>> No.21498338

>>21488050
>+42969%