0x71d53b1d…4f24sent to0x0831172b…d7e7·#15,432,821·view on Etherscan
{"projectName":"xFUND (Allocation 2/2)","shortDescription":"xFUND’s supply starts at 0. Its purpose is to enable off-chain governance for the entire Unification ecosystem and power a suite of products, including Oracle of Oracles (https://medium.com/unificationfoundation/fund-oracle-of-oracles-for-secure-on-chain-pricing-information-a48916f763ac). xFUND may be acquired on the open market and has recently stopped emissions from validators of FUND, with a current max supply of 10,000 tokens. xFUND is to FUND as LINK is to Chainlink, the most widely used and well known oracle protocol in existence (also which Cult DAO has invested in). One key difference is xFUND is more decentralized since it doesn’t rely on centralized sources to pull on their price feed. Unification has never been hacked unlike Chainlink which can be a structural advantage for those looking for an oracle service that values decentralization and safety of investors' funds. To date they haven’t focused at all on marketing but on building tech. One upcoming catalyst for xFUND is that they've partnered with the Shiba ecosystem and have been used in several of their projects to date. Biggest upcoming one is the creation of Shibarium (L2 for the Shib ecosystem which consists of 1M+ wallets). The idea is that when Shibarium launches, likely before year end, it will help create buying pressure as every bridge to Shibarium relies on xFUND price feeds which charges a fee (in other words purchase of xFUND) to the Shibarium network. As of writing the current market cap is sitting around 10M. Chainlink’s market cap is around 3B. If xFUND were to match Chainlink’s market cap (in this bear market) that would be a 300x from here. This meets the Cult DAO Manifesto guidelines since it is far more decentralized than most oracles out there, and oracles help further DeFi which is Cult’s mission. The idea is to put forth 2 proposals if they many agrees and votes in favor. The goal is to sell half of our investment at a 5-10x to burn and reward stakers, and let the rest ride for max potential profits longer term over 12-18 months. We will continue to monitor market conditions to determine what is best for Cult Stakers and The Many. We are also considering an investment in FUND and to delegate for rewards in future proposals. The wallet will be managed by a multisig between Florioshi, MadCultist, and Mr. Cultmander.","file":"https://medium.com/unificationfoundation ","socialChannel":"https://twitter.com/UnificationUND \nhttps://unification.com/xfund/","links":"-","range":0.25,"rate":"0","time":"Day","checkbox1":true,"checkbox2":true,"wallet":"0x09929fcfe8F7132281E0ecC5Ad348463E085b368","guardianProposal":"florioshi","guardianDiscord":"@florioshi","guardianAddress":"0x71d53b1d1dbdbb218ba01b5ed0cc9bbfb7604f24"}