The Road to the Final Supply: xFUND Halving Successfully Commenced
On 00:01 June 30th, The Unification Foundation successfully executed the initial halving update as a successful commencement of the road to a final supply of 8880 xFUND planed for October 6, 2022.
xFUND Tokens are distributed via a weighted lottery system to FUND Mainnet validators and per today’s update have been successfully redistributed at a rate of 0.5 xFUND per emission as seen on https://xfund.unification.io/ & https://xfund.unification.io/em_logs/2021-06-30.
The schedule, which continues as originally announced is designed as an accelerated model of the Bitcoin halving model, continues to build the plan to establish a growing, yet limited supply to align competitive product utility and market needs for the xFUND ecosystem.
The usage of xFUND is to provide on-chain (ETH) transactional services across many areas of the DeFi sector and as a prominent toolkit to move blockchain services forward.
Initially designed for governance, the use of xFUND has grown exponentially and in-line with the growth of the DeFi ecosystem in the last year to include essential platform services for the sector, with more to come.
The initial utility included the development of Oracle of Oracle (OoO) to address multiple “DeFi Hacks” due to Oracle price manipulation, has now been successfully deployed on the Ethereum Mainnet to serve and secure utility in the DeFi space.
Given the much needed utility of OoO, the platform has received immense support in integration across the blockchain space including leading automated market maker (AMM) protocols.
Since the initial announcement of the halving, Unification has continued and strengthened development of the sector further and in an expedited fashion by deploying the Verified Open Randomness protocol on Rinkeby testnet & Mainnet, providing the first truly open, decentralized tool to serve multiple needs in the DeFi, Gaming, Distribution & General Blockchain verticals, with some of the the use cases defined in our most recent article.
VOR Development continues with the announcement of new toolkits for broader integration and an explorer for easy, no code verification for end users coming soon.
To transact with these tools on-chain users will need to acquire xFUND on the open market or via FUND MainNet emissions and pay it to the contract. While on-chain xFUND utility costs of these products remains very competitive, the Foundation is also committed to continue to work with new products & protocols which look to utilize these toolkits through both grants & development/integration support & we invite all organization building relevant tools to get in touch with us for consideration through here or Unification’s Discord Channel.
— Mazi Sadri @ Unification Foundation
Important Links & Things to Note
For an introduction to xFUND, see the article What is xFUND? And how to participate in the ecosystem
FUND — Native token, hold in web wallet buy and sell here https://www.coingecko.com/en/coins/unification
xFund — Extremely limited supply ERC-20 token designed for Onchain queries and consumption
xFund contract — 0x892a6f9df0147e5f079b0993f486f9aca3c87881
https://unification.com/xfund/
https://www.coingecko.com/en/coins/xfund
xFund LP pool: https://info.uniswap.org/pair/0xab2d2f5bc36620a57ec4bb60d6a7df2a847deab5
UND — Unsupported testnet token., Don’t buy it
OoO — Unification’s Oracle of Oracles onchain oracle (initial docs @ https://docs.finchains.io) powered by xFUND — uses price feeds from https://finchains.io/
Telegram — https://t.me/unificationfoundation
Website www.unification.com
Twitter: https://twitter.com/UnificationUND
Github: https://github.com/unification-com
Discord: https://discord.gg/SeB69w5
