ABOUT XINFIN FINTECH PTE. LTD
XinFin (www.xinfin.org) is a Singapore based Blockchain Technology Company that is focused on Business Process Efficiency improvement and has deployed Blockchain solutions for international trade and finance. XinFin has developed a highly scalable, secure, permissioned and commercial grade Hybrid Blockchain architecture by forking JP Morgan’s Quorum. With an aim to bridge the global infrastructural deficit with their open source marketplace platform – Tradefinex (www.tradefinex. org); XinFin enables financial institutions with tools to undertake peer-topeer financial contracts between governments, corporation, buyers and suppliers. This helps in efficient use of capital and deployment of projects without burdening the government treasury.
XinFin has four lines of solutions namely TradeFinex, Business Efficiency solutions, E-Wallets & Remittance and Private Sub-networks. You can follow XinFin on Twitter (@XinFinF), on Telegram (https://t.me/xinfin
talk) and Slack (https://xinfin-public. slack.com/). You can also view the latest video (https://www.youtube.com/ watch?v=K-tHZkV6zAs) to find out what XinFin is.
WHAT IS XDCE?
XinFin launched its utility token XDCE on 5th February 2018. XDCE is an ERC20 token; it will have numerous benefits for traders, private investors and institutional level partners. All the details regarding ongoing XDCE Crowd Token Sale (ICO) can be found on their Token Sale Page: www.xinfin.io.
Speaking of the XDCE crowd token sale, Alex Mathbeck the marketing head at XinFin said, “The XDCE token will predominantly help traders who compete against other ERC20 tokens across various exchanges. XDCE token is swappable which means it can be swapped 1:1 with the standard XDC token without any transaction fee. While our reach becomes more versatile in the open crypto market with this launch, traders will also leverage from XDCE’s compatibility and tradability on most exchanges. Traders can perform quick, high volume trades using XDCE token, allowing institutional level partners to primarily use the XDC01(XDC) token. This will enable XDC01 to grow strictly from use cases whereas traders using XDCE can connect and benefit from the growth of standard XDC token.”
Hosted on decentralised Ethereum Ecosystem, the ERC20 utility token, XDCE will enable global enterprises to work with XDC Protocol. The release of these utility tokens will boost liquidity of XDC tokens facilitating a large number of business use cases.
“XinFin tokens are on built on XDC01 protocol which is first of its kind hybrid protocol and listing a newer protocol on the exchanges is a time-consuming process. This limits the liquidity further limiting the number of business cases being scaled. The launch of XDCE tokens was a move in this direction so that people can trade at stable prices on regulated exchanges sidestepping volatile market where price changes drastically due to lower liquidity.” said, Alex Mathbeck, Marketing Head, XinFin.
Available through its public ICO, XDCE utility tokens will help people gain access to the XDC protocol and its sub-networks by hosting XDC masternodes.
“The various tiers of XinFin master nodes make it flexible for participants to work with the XDC protocol in a secure environment. The XDC can act as a pure messaging and confirmation layer using existing payment rails or as a settlement layer through approved and regulated institutions.” said, Alex Mathbeck, Marketing Head, XinFin.
Having raised over USD 1.5 million during pre-placement in July-August 2017, XinFin utilised the funds to build its XDC Hybrid Blockchain protocol and TradeFinex.org platform.
Karan Bharadwaj, the chief technology officer at XinFin, said, “XDC blockchain is a hybrid blockchain that maintains both a public state as well as a private state. This distinction is very useful for enterprise use cases because various institutions may prefer to keep their financial transactions private but still be verifiable by a permanent record on the public state of the blockchain. This need is fulfilled by the XDC blockchain where the details of the transaction are available only to the involved participants, but the same transaction can easily be verified because of its digital record on the public state of the blockchain.”
TRADEFINEX – PLATFORM FOR GLOBAL TRADE & FINANCE
XinFin launched the TradeFinex platform at the Digital Asset summit organised by Asia’s largest trade and commerce bodies—Assocham (www.assocham.org) and extended the platform to over 450,000 participating enterprise members. Ramco systems (www.ramco. com), Asia’s biggest company and part of global $1 Billion conglomerates has chosen XinFin Hybrid Blockchain to deploy blockchain solutions for 500+ of its clients in Aviation, Supply Chain and HR. XinFin is already working with leading global fortune 500 clients across USA, Europe, Asia and India. It has successfully demonstrated over 10+ pilot projects in Travel, Banking, Supply Chain, Finance, Trade and Aviation. The upcoming major global expansion includes Canada, USA, Middle East and Sri Lanka, with details to be announced in the coming weeks.
Over a half a dozen PoCs have been completed on the XinFin network and the proceeds from the current round of token sale will be used to extend the PoCs into sizeable pilot projects with enterprises and institutions around the world. The funds will also be utilised for ecosystem development and masternodes proliferation of the XinFin network amongst institutions.
MR JASON BUTCHER JOINS ADVISORY BOARD
It was recently announced that Mr Butcher who is a serial entrepreneur and COO of CoinPayments (the world’s first and largest crypto currency payment technology provider) will serve as an advisor and will help XinFin with the company’s meaningful insights and invaluable knowledge of the legal landscape of blockchain technology and cryptocurrency markets.
“Jason’s three decades of broad experience of building global businesses across diverse industries, markets and sectors including marketing, fintech, financial payments, and blockchain technologies will add a valuable perspective to our Advisory Board,” said Atul Khekade, Ecosystem Development Head, XinFin. “We truly appreciate his willingness to serve as an advisor and look forward to leverage from his prudence and counsel.”
He also co-founded BlockChain Hub—a community that fosters new ideas and advancements in the field of cryptology and financial technology. Mr Butcher is an Advisory Board Member of Blockchain Association of Canada and a Strategic Advisor at RightMesh, VectorZilla and has been helping several other companies like Parallel Payments, NestBlockchain, MoolaCard, CoinFunder, ScanTeller, Pindify, Mondofi etc. grow productively.
“According to me, what XinFin does is just amazing. To deploy blockchain solutions for global trade and finance was need of the hour, and XinFin has materialised it by creating one-of-its-kind hybrid blockchain platform called TradeFinex. Powered by XDC01 protocol, this platform will offer both tokenised and non-tokenized solutions to promote business process efficiency improvement. While efficient deployment of capital helps people undertake projects without burdening govt. treasury, organisations get secure and cost-effective business solutions that boost their profitability.” said Jason Butcher.