What's up Leo folks?
This is the first out of 3 parts of my "Investing In New (Scam?) Projects" Series and today I will talk to you about XFinance, a defi platform which started it's presale yesterday.
Y'all know how much hype there is in defi projects these days and a lot of them have already performed "exit scams" but WHAT IF you stumble upon the next x100 coin? Well, I've seen numerous coins do that the past couple of months so I couldn't look away when I read about XFinance presale launch.
About XFinance (https://xfinance.io/)
Xfinance is a DeFi platform whose goal is to build an aggregated liquidity pool, automatic market-making, leveraged trading platform, and other functional platforms.
It makes use of XFI, which is an equity token. Users can acquire the XFI token by providing liquidity to the platform’s aggregate liquidity pool. Withdrawal fees in the Xfinance platform are directly used to buy back and burn XFI.
(Source)
Now, let's check out some facts about this coin
With only a 50,000 XFI total supply and some consisten coin burns, can XFinance be the next "yearn.finance"?
Taking the risk
I always enjoy taking small risks when it comes to huge profits. I am not the guy who will analize every detail of a project's whitepapper cause I am not the type of guy who will invest thousands.
I like listening to cryptotubers, enjoy reading blogs from "cryptomoonshots" Reddit community and of course browse around Leo.
I invested only 40$ in XFI and I currently own 0.3XFI. I can not guarantee that this project is legit nor I can guarantee it's price will go x100 but I really like the fact that 60% of ETH will be locked in the Uniswap liquidity permanently after the stipulated presale.
Also within 72 hours after the presale, 15% of ETH will buyback and burn XFI tokens, preventing any form of dump, thus reducing supply and increasing the demand.
Another positive fact about XFI is that they have more than 40k followers on Twitter, a good looking website and nice logo!
How to buy XFI
I used https://www.hotbit.io/ to buy my XFI so if you feel like investing in this project too and don't have a hotit account, feel free to use my referall link bellow :
Have you invested in any fresh coins out there? If yes, I would love to read some recommendations at the comment section bellow.
This is not a financial advice guys. Don't listen to me when it comes to investing and do your own research.
Thank you all for your support. As a full-time online hustler, supporting my content allows me to keep doing what I love.
Much love to everyone and always have fun.
@Knowhow92
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