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Xfinance (XFI) is a decentralized finance protocol that combines multiple DeFi functions, including liquidity provision, market making, and trading, into one integrated system. Built on Ethereum, it supports token swaps, leveraged trading, and NFT trading. The platform also offers a mobile app to make DeFi accessible to users with just a smartphone and internet connection. A new version of the protocol was released in late August 2020.

Detailed information about the team behind Xfinance is not publicly available, aside from a Medium description stating it was created by NowEx.io. The project has formed partnerships with platforms like LID, which provides liquidity solutions for DeFi networks, and DEX Tools, which aims to enhance crypto trading user experiences. Additionally, Xfinance is linked to NowEx, a derivatives exchange.

Xfinance positions itself as a full-stack DeFi network, not limited to a single product, enabling a variety of use cases. It supports NFT trading via xNFT and perpetual contracts through xPerp, along with an automated market maker called XSwap. A notable feature is using transaction fees from these products to buy back and burn XFI tokens, potentially reducing supply. The protocol rewards both liquidity providers and borrowers, and its mobile app lowers entry barriers. Revenues come from fees on products and activities like staking, with a fixed token supply to avoid inflation.

Xfinance offers several products: xDao for decentralized governance, xNFT for NFT trading with fees used to buy back XFI, xPerp for perpetual contract trading on an AMM, xSwap for automated market making with a fair yield farming model, and xVault as a yield aggregator that optimizes returns for liquidity providers, with withdrawal fees also used for XFI buybacks. Additionally, staking is available with daily returns ranging from 0.2% to 0.3% for long-term holders.

XFI launched in September 2020 via a presale with LID, where tokens were exchanged for Ethereum at a rate of 1 ETH for 3.8 XFI on Uniswap. Sixty percent of proceeds went to Uniswap liquidity, and 15% was used for buybacks and burns. The maximum supply is capped at 50,000 tokens, with 30% sold in the presale. The team holds 29%, the ecosystem fund 21%, and 5% is reserved for listing, development, marketing, and airdrops. Team tokens unlock over 10 months. XFI is used for transaction fees and rewards for liquidity providers and stakers, with daily staking rewards of 0.2% to 0.3%.

Xfinance operates on the Ethereum blockchain, which currently uses a dual consensus mechanism combining proof of work and proof of stake. The XFI token follows Ethereum's ERC-20 standard, benefiting from established technology. It can be stored in any wallet that supports ERC-20 tokens, including TrustWallet and hardware wallets.

XFI is available on several exchanges, including ProBit Exchange, DigiFinex, Bibox, Uniswap, Hotbit, and Bilaxy. It can be traded against major cryptocurrencies such as Ethereum (ETH), Tether (USDT), Wrapped Ethereum (WETH), and Bitcoin (BTC). For guidance on purchasing cryptocurrencies, further resources are available.