xFund

Halal Rating :
Comfortable
Last Price $255 Last updated:
Rank 5327
1D Change -7.08 %
Market Cap -
Circulating supply 0
Maximum supply 10,000

Crypto Overview

Overview

xFund is the native token of the Unification ecosystem, which provides oracle services and data transmission solutions for blockchain networks. The primary purpose of xFund is to serve as a utility and governance token within the Unification Oracle system, known as Oracle of Oracles (OoO).

Purpose and Utility

The xFund token serves multiple functions: It is used to pay for oracle services within the network, stake by node operators to participate in the oracle network, and governance voting rights for protocol decisions. Node operators must stake xFund to run validator nodes and earn rewards for providing oracle services.

Business Model Evaluation

The business model revolves around providing decentralized oracle services, which is a legitimate and necessary infrastructure component for blockchain networks. The revenue model is based on service fees paid in xFund for oracle data requests, which represents a clear exchange of value.

Development and Adoption

The project shows consistent development activity on GitHub and has established partnerships with several blockchain projects. The oracle network is operational and actively providing data services to various protocols.

Token Distribution

The token distribution includes allocations for the team and early investors with standard vesting schedules. There are no unusual concentrations of tokens that would suggest a scheme to enrich founders.

Rating Justification

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