XNFPrice

(XNF)

XNF, or Xenify, is defined as a cutting-edge cross-chain meta-aggregator that pioneers a distinctive 'Swap to Earn' model. It is designed to integrate advanced cross-chain functionalities with innovative tokenomics, aiming to transform the decentralized finance (DeFi) landscape. The project's core objective is to deliver an ultra-efficient swap experience and create new opportunities for users to earn within its ecosystem, marking its position as a forward-thinking DeFi solution.

The XNF token serves multiple essential purposes within the Xenify ecosystem. It is primarily used to cover transaction fees for operations on the platform. Holders can stake their XNF tokens to contribute to the network's security and, in return, earn rewards. Furthermore, XNF grants governance rights, empowering token holders to participate in crucial project decisions. The token also acts as a foundational element for building decentralized applications (dApps) and may facilitate discounts or rewards through strategic partnerships, enhancing its overall utility.

The tokenomics of XNF are structured with a clear supply model to ensure sustainability and value. It has an approximate circulating supply of 618,000 tokens, which represents the tokens currently active in the market. The total supply of XNF is around 3 million tokens, encompassing all tokens ever created. Additionally, the project has established a maximum supply cap of 22 million tokens, meaning this is the absolute highest number of XNF tokens that will ever exist, providing a predictable and finite supply.

XNF tokens are primarily available for acquisition on decentralized platforms. Currently, the token can be obtained and exchanged on a prominent decentralized exchange operating on the Arbitrum One network. Prospective users and investors can visit this platform to engage with the XNF ecosystem and acquire tokens through a secure and established decentralized trading environment, ensuring accessibility for those looking to participate in the project.

To add XNF to a compatible digital wallet, such as a widely used Web3 wallet, you first need to ensure your wallet is configured for the correct network, which is Arbitrum One for XNF. Navigate to the option within your wallet interface that allows you to import or add custom tokens. You will then need to paste the official smart contract address for XNF (e.g., 0xc84fae1141b92fa5bf847276828f69caf651cb7f) into the designated field. After confirming the details, the XNF token and its balance should become visible in your wallet.

Yes, XNF encountered security challenges in early 2023, primarily related to smart contract vulnerabilities. The development team responded swiftly and comprehensively to these concerns. Their approach included conducting rigorous audits of the smart contracts to identify and rectify any weaknesses. They also implemented necessary patches to address the discovered vulnerabilities. Furthermore, a bug bounty program was initiated to incentivize security researchers to proactively identify and responsibly disclose any potential future flaws, demonstrating a strong commitment to maintaining platform security and user trust.