@@ -43,6 +43,8 @@ D. [Token Emission Schedule](#d-token-emission-schedule)
**IX.**[Disclaimer](#ix-disclaimer)
**X.**[Footnotes and References](#x-footnotes-and-references)
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@@ -138,7 +140,7 @@ With Offshift’s signature **Burn-and-Mint Mechanism** and XFT’s elastic supp
## D. Hardcoded Integrity
As an organization in a nascent, decentralized industry, Offshift Core acknowledges and respects the challenges users and community members face in vetting projects for dishonest practice, exploitative tokenomic models, and outright deceit. We further acknowledge that, although the choice of some of our team members to remain anonymous aligns with the broader principles of our organization, we owe it to our community and everyone exploring the Offshift Ecosystem to take all necessary measures to ensure the ethical, high-integrity operation of the platform. In our commitment to integrity, we have employed a strategic vesting model, lockboxes for on-chain reserves (see [VI. C 2](#2.-lockboxes-for-on-chain-reserves)), and liquidity locks (see [VI. C 3](#3.-liquidity-locks)).
As an organization in a nascent, decentralized industry, Offshift Core acknowledges and respects the challenges users and community members face in vetting projects for dishonest practice, exploitative tokenomic models, and outright deceit. We further acknowledge that, although the choice of some of our team members to remain anonymous aligns with the broader principles of our organization, we owe it to our community and everyone exploring the Offshift Ecosystem to take all necessary measures to ensure the ethical, high-integrity operation of the platform. In our commitment to integrity, we have employed a strategic vesting model, lockboxes for on-chain reserves (see [VI. C 2](#2-lockboxes-for-on-chain-reserves)), and liquidity locks (see [VI. C 3](#3-liquidity-locks)).
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@@ -160,7 +162,7 @@ The **Burn-and-Mint Mechanism** burns the user’s XFT and mints one or more syn
## B. Reward Incentives: Staking Rewards
In addition to providing technical support and advisory, Offshift Core will support Offshift Ecosystem PriFi Applications with native staking features. Offshift Core has allocated 15% of the Genesis Total Supply (1,500,000 XFT) to its Staking Rewards Wallet (see [VI C 1](#1.-strategic-vesting-model)).
In addition to providing technical support and advisory, Offshift Core will support Offshift Ecosystem PriFi Applications with native staking features. Offshift Core has allocated 15% of the Genesis Total Supply (1,500,000 XFT) to its Staking Rewards Wallet (see [VI C 1](#1-strategic-vesting-model)).
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@@ -197,7 +199,6 @@ From the Genesis Total Supply of 10,000,000 XFT:
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## C. High-Integrity Tokenomic Measures
In honor of our commitment to a high-integrity development process, full transparency, and a long-term project vision, we have taken substantial measures to ensure that all token allocations outside of our initial circulating supply will never serve as a source of undue or excessive inflation at any stage in our development lifecycle. Attending to this prerogative, we have taken the following measures:
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@@ -274,24 +275,15 @@ The purchase of XFT tokens involves substantial risk and may lead to partial or
This whitepaper does not constitute investment advice, legal advice, financial advice, trading advice, or any recommendation of any kind, and Offshift makes no representation that purchasers of XFT can or should expect any profit or return on their purchase based on the efforts of Offshift or a third party. XFT is not a security or any other investment device and should not be treated as such. The development, timeline, and roll-out of the initiatives described in this whitepaper are not guaranteed. DYOR.
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##### Footnotes
# X. Footnotes and References
[^fn1]:A total of 500,000 XFT were initially reserved for liquidity provision, but only 250,000 XFT were deployed in the Uniswap liquidity pool. The remaining liquidity reserves of 250,000 XFT remain locked on-chain, and will be allocated appropriated as follows, pending the discretion of the Offshift community: Distributed to platform users in the future as part of an LP rewards program; Burned in their entirety; Some combination of these options.
[^fn2]:All percentage (%) figures express a nominal amount of XFT tokens relative to the Total Genesis Supply of XFT on a percentage basis.
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##### References
[^ref1]:[Offshift Taps Chainlink to Provide Oracle Feeds](https://offshift.io/public/blog/2020-09-30-offshift-taps-chainlink-to-provide-oracle-feeds-for-its-zkasset-private-pegs/)
[^ref2]:[Development/Ecosystem Time Lock Contract](https://etherscan.io/address/0xcff782dbb92f187aa3df6823c8e690c4f128ef41#code)
