ShibaSwap’s official oracle xFUND begins halving

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ShibaSwap’s official oracle xFUND begins halving

Unlike Shiba Inu, which has the largest known token supply in crypto, its oracle provider xFUND has one of the lowest supplies in history with a maximum lifetime supply of only 8,880 XFUND. 

XFUND tokens are emitted on an accelerated basis with a halving event that happens every three months until the final XFUND is emitted on October 6, 2022. This is when the supply will be fully distributed and fixed at a maximum lifetime and circulating supply of 8,880 XFUND. 

At present, there is 5,755 XFUND in circulation with 24 additional emissions per day until June 30, 2021, at which point the emission rate will be slashed to 12 per day.

In order to acquire XFUND, one can purchase it on the xFUND Uniswap market, or it can be captured by running a validator node on the Unification native blockchain and staking the Unification token (FUND). The lottery is weighted based on the total amount each validator has staked to the network. 

Unification Foundation’s suite of oracle services uses xFUND for its tax or gas. Its premier client is ShibaSwap, an upcoming decentralized exchange that will

service over 500,000 holders of the Shiba Inu token (SHIB). The need for open access to trusted oracle services has emerged as a requirement for proper price reporting in swap, lending and trading services within decentralized finance. 

Another use of xFUND is to access the Verified Open Randomness suite which allows true on-chain randomness for nonfungible tokens, gaming and DeFi clients. Unification’s Verified Open Randomness toolkit allows smart contract developers to request unpredictable, provable randomness for use in their contracts — a highly sought-after solution needed in blockchain decentralized application development. 

The Unification team continues to work diligently toward its goal of providing rapidly deployable and easy-to-use blockchain solutions for enterprises. 

For more information, follow Unification on Twitter or join its active Telegram community.

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