XinFin ICO Enters Second Week, Announces Institutional Partnership

XinFin’s Hybrid Blockchain ICO was announced last week after launching minimum viable products and ongoing pilot projects with several institutions. The utility coin XDCE offering has now entered its second week.

XinFin, the first of its kind Hybrid blockchain platform is entering into the second week of the ICO for its utility coin XDCE. XDCE is an ERC 20 token that is also 1:1 swappable with the XDC that has utility in hosting masternodes as well as to be used on platform for Global Trade and Finance beta platform.

“XinFin XDC Masternodes can float tokenized or non-tokenized private subnetworks which can be used by banks, utility companies, communities or enterprises for blockchain enabling and tokenizing their assets. XinFin network is a peer to peer contract platform running on stake based DPOS consensus which can use existing approved payment channels or use XDC as a settlement layer only through approved financial institutions. The architecture makes XinFin fully compliant with laws of the land.” said Karan Bharadwaj, CTO of XinFin.

“ Platform is the first app launched on the XinFin’s hybrid blockchain platform aimed at bridging the $27 trillion infrastructure deficit globally. It is connecting buyers, suppliers, and financiers through its trusted network of trade associations, financial institutions, policymakers, and regulators,” he added.

XinFin launched the TradeFinex platform at second peer to peer Digital Asset summit organized by Assocham in India and extended the platform to over 450,000 enterprise members of Assocham. Amongst its institutional tie-ups are Global Youth Economic Summit by NM College group that extends the XinFin platform to over 35,000 students of various affiliated colleges. Singapore based Ramco Labs also announced to build hybrid blockchain solutions with XinFin on its XDC01 protocol for global supply chain finance. The upcoming major global expansion includes Canada and Sri Lanka to be announced in the coming weeks.

More information about XinFin is available on the platform’s official website: The XinFin token sale is available at The platform also has an active community on Telegram, Twitter, and Slack. To participate in the Slack community, interested participants can find the invite here.


Subscribe to our newsletter today announced that it will start XDC/ETH, XDC/BTC and XDC/XRP trading pairs to assist on it’s various pilots for remittances, tradefinex and IoT pilot projects that various regulated global institutions are currently undertaking on XDC01 protocol. XDCs or XinFin Digital Contracts are native fuel that power the XinFins Hybrid Blockchain network for enterprise. is an emerging digital asset exchange that aims to follow regulatory standards and compliances for dealing with real world enterprises.

Open Trading Account at:

“With the recent regulatory announcements around compliance standards and licenses for digital asset exchanges, will be following Industry’s best AML/KYC standards and will work on protection of trade for it’s customers. At, we aim to assist the various global institutions that are working on XinFin’s XDC protocol. The ongoing pilots include real time monitoring of infrastructure projects using IoT. Pilot projects also include the emerging platform for various trade associations and regulated banking, fintech partners. Digital asset exchanges today face various challenges that include gaining regulatory clearances and an ability to work with banks and real world enterprises. We at aim to be one of the best digital asset exchanges platform that will be fully compliant with the existing laws and framework” said Peter Yeo, Compliance advisor at

“Among various pilots that will be conducted on will be fixed rate remittances, Token of Trust for Global Trade, digitization of real world assets and Finance and providing settlement layer for the IoT enabled projects Powered by XDC Token”

“ has extended invitations to regulated enterprises, Entrepreneurs and financial institutions around the globe who can make use of the platform to offer fiat currency pairs against XinFin XDCs where participating institutions are authorised to operate.”

“XinFin or eXchange InFinite is currently evolving its hybrid XDC01 protocol that lets enterprises maintain a private state and a public state on the same Blockchain Network that provides secure, scalable, higher through-put network platform for global FinTech institutions. XinFin has signed agreements with over 10 global institutions that aim to make use of XinFin’s Hybrid Blockchain platform to disrupt various industry verticals such as remittances, travel, supply chain, assets and Projects financing.”

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In our constant lookout for the most interesting blockchain projects, we have come across many. Their ability to spot the drawbacks of traditional methods and provide efficient and cheaper solutions makes them unique. XinFin is one such project that caught our eye in the middle of a regular day. After going through their elaborately written whitepaper, we decided to reach out to their Chief Technical Officer, Karan Bhardwaj, for an interview. He was humble enough to make a window for us that would eventually provide us a detailed overview of their blockchain-based global trade and finance platform. Here are some excerpts from the conversation we had.

Yashu: Thank you for speaking to us on such a short notice Karan.

Karan: The pleasure is all mine Yashu. Thank you for having me.

First of all, I would like to tell you that I’ve read your whitepaper. But for our readers, I would urge you to provide us an overview of XinFin’s blockchain.

We call it the XDC blockchain. It 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 an immutable 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.

How do you ensure such privacy? Have you created any unique standard? What is XinFin’s XDC01 Protocol?

Yes, we have. Thanks for mentioning it Yashu. We have developed a protocol here at XinFin. It is called “the” XDC01 protocol. There are many blockchain implementations out there but no real standardization across or even within an industry. The XDC01 protocol seeks to change that by offering a robust and customizable enterprise blockchain solution that has applicability many different industries.

But Karan, how is XDC01 protocol more secure than any other public blockchain?

While public blockchains are secure platforms for carrying out trustless transactions, there is public visibility that can be exploited to compromise sensitive financial information. The Bitcoin blockchain, for instance, has been exhaustively mapped out such that transactions can be traced in ways that subvert the protocol.

The XDC blockchain, thanks to its hybrid functionality, allows for fully private sub-networks to carry out transactions that are recorded as a single hash on the public state of the blockchain. This hash can be used to verify the transaction by the involved parties but cannot be used to derive any meaningful financial details that can compromise the data security of those involved.

The XDC blockchain is a permissioned blockchain. That means the distributed infrastructure that makes up the XDC blockchain will be hosted on the infrastructure of leading financial institutions, corporates, and other kinds of reputed players. There will be stake requirements that will ensure all participants behave in a truthful and reliable manner. There will be punitive measures against the wrongdoers.

Interesting! Could you also tell us the real world applications of XDC01 protocol?

Well, there are many! I’ll try to give an overview. The first one is Trade and Finance. The XDC blockchain can act as a marketplace platform for peer to peer trade and financing. The advantage of using the blockchain, specifically the XDC01 protocol, is to minimize the global infrastructure deficit by enabling peer to peer financing between governments, corporations, buyers, and suppliers to make efficient use of capital and deploy projects without burdening government treasuries. The  platform can help buyers secure capital at globally competitive rates, give suppliers visibility on global tenders, give access to a large customer base, and give financiers real time visibility on their investments through real time monitoring  via IoT devices.

The second real-world applications of XDC01 protocol is Digital Wallet and Remittance. The XDC blockchain allows for real-time settlement where individuals, corporates, and financial institutions can carry out cross-border payments for trade, financing, and remittances. The XDC blockchain offers robust security and high transaction throughput making it an ideal solution for financial transactions.

And how can I forget Industrial Applications! The XDC blockchain is use case agnostic and XinFin is currently working with several partners and institutions in energy, travel, aviation, and fintech sectors. Blockchain and IoT based customized solutions can be deployed for business process re-engineering, supply chain, financing, procurement, and settlement.

More questions on XDC01 protocol. Does it run on electricity, or make any similar power demands to function properly?

The XDC blockchain does not achieve consensus based on Proof of Work that is employed by Ethereum or Bitcoin. PoW is a very energy intensive mechanism for achieving consensus. And frankly not appropriate for enterprise blockchain use cases. So the XDC blockchain does not make any additional electricity/energy demands over the necessary IT infrastructure.

So what is the consensus mechanism of XDC, exactly?

The consensus mechanism used in public blockchains(Proof of Work) is entirely unsuitable for the permissioned blockchain use case. The consensus mechanism used in the XDC blockchain is derived from algorithms that ensure BFT.

At XinFin we have an in-house R&D team that is actively developing advanced consensus mechanisms. We collaborate with premier educational institutions in our R&D endeavors and are planning on involving skilled developer talent for this project as well. If you’re a software engineer with expertise in computer networking and looking to get involved in cutting edge financial technologies, we’d love to hear from you.

How big is the XDC developer community?

The blockchain space values its community very highly and XinFin is no exception. We’re closely connected to the larger blockchain community and host various channels for developers to contribute to our project. We’re setting up a new RocketChat server and invite the developer community to come talk and code with us on this very exciting project.

How does XDC plan to be compliant with regulators?

The XDC blockchain has been designed with enterprise use cases in mind. Solutions built on the protocol have to conform to numerous regulatory frameworks that govern these institutions. We have initiated contact with regulators around the globe and shared our technical documents and other business literature. The XDC blockchain has provisions to set up auditing nodes which will be extended to regulatory bodies, with customizable permissions, for the purposes of regulatory compliance. Xinfin will make necessary disclosures and adhere to regulatory guidelines.

Moving to the adoption. How can large institutions work with XDC01 protocol?

Public blockchains, like Bitcoin or Ethereum, run on public nodes. Some of the nodes take part in the activity of mining. Through mining new blocks(of transactions) are added to the blockchain. These mining nodes are set up as clusters and consume a large amount of electricity. The cost of running this infrastructure, including all hardware and ISP fees, is offset by incentives paid to the miners to continue running their nodes. There are two kinds of incentives. One is paid when a miner or mining pool adds a new block. The other is paid as transaction fees charged against individual transactions. Hybrid and Private blockchains do not employ mining to make blocks of transactions. So the incentives and costs are fundamentally different.

The XDC blockchain is a Hybrid blockchain that does not allow public hosting of its nodes. Corporates and financial institutions must obtain a membership by owning stake in the XDC token pool. There are three tiers of membership. Tier 1 is open and available to all participants in the XDC ecosystem. Tier 2 and 3 memberships are obtained by organizations that purchase a certain number of XDC tokens. These members have the ability to host nodes validator nodes that correspond to ‘mining’ nodes in the public blockchain paradigm. They can additionally create and run private blockchain networks that are connected to the pubic XDC blockchain. The private and permissioned sub-networks are highly powerful and secure while simultaneously leveraging the power of the public XDC blockchain.

And how does XDC trade and remittances address the Volatility issue of the crypto markets?

The extreme volatility of cryptocurrencies makes them unsuitable for real-world trade use cases. Any fall in prices may lead to significant losses for involved participants. The XDC blockchain has easily deployable smart contracts written with a unique hedging feature. This feature allows the recipient to receive exact fiat value of the trade (net of commissions) at the time of smart contract closure. 10% of XDC tokens will be reserved for the hedge pool and will be used to guarantee the trade.

How does the XDC protocol architecture address the global Assets and Equipment Financing market?

The XDC protocol adds the efficiency of blockchain tech to the real world asset financing processes. Assets financed on the XDC blockchain are monitored real time to ascertain value depreciation according to standard processes. If the asset needs to be refinanced or sold, the valuation is available in a standardized and appropriately public form.

Before wrapping up, do you wish to say anything to our readers?

Hello readers! We here at XinFin are strong believers in the open-source paradigm. We like to support open source projects and plan to contribute parts of our own development to the open source community. We invite developers and blockchain enthusiasts to join in our project. We also have bounty like programs where we set up problem statements and developers can solve them for rewards, tokens, or prize money. I’ll request Yashu to list our community page links where you can access more information about our project.

Sure, I will.

Thank you, Yashu.

XinFin Community Page:

Other links:

Slack Channel for Developers :

Gitterchat Channel for Developers :

Github :



XinFin, the Ethereum driven permissioned Blockchain network has announced the successful completion of its Africa awareness drive. Held across three nations — Botswana, Zambia, and Kenya, the drive was focused on familiarizing buyers, sellers, and financiers to the new TradeFinex platform.

The awareness drive and the following announcement about the launch of Internet of Things (IoT) projects were made in the latest press release. According to the release, the event at Botswana went on from 28th June until July 5th, 2017, while the Zambia program went on from 18th to 23rd July and the one in Kenya from 31 July to 1st August 2017.

The Africa Community Manager, Afrikanus Kofi Akosah Adusei was quoted in the releases stating,

“Infrastructure deficit in Africa is over 90 Billion dollars annually, and it has a lot to do with inefficiencies in trade and finance practices. Also, the fact that global trade and financing is still a loosely connected process tied to several risks. XinFin’s XDC token is a community driven digital asset designed to hedge risks in global trade and finance. Our upcoming TradeFinex platform will see a great participation from businesses in Africa.”

The company’s IoT projects are set to be implemented across Asia. One of the projects, as stated by XinFin includes the solar power plant in India. The project will be using the XDC platform to trade generated energy back to the grid. In addition to the solar project, the platform is also working on implementing IoT enabled transaction for garbage handling machines.

In the same release, the Head of Marketing at XinFin Alex Mathbeck said,

“We wish to make XinFin a fundamentally driven business platform that enhances the value and has real products to offer around the time of its ICO, which will be announced in a short while.”

With the ICO dates yet to be announced, Alex has mentioned that all the proceeds from the crowdsale will be used to fund its revolutionary projects while meeting all the required regulatory requirements.

Early bird investors can gain exclusive access to the XDC tokens much before the ICO. Those participating in the pre-sale and crowdsale can do so by using XinFin ewallet.

(For Immediate Release) As a part of it’s global infrastructure deficit gap bridge initiative using blockchain and IoT connectivity, Xinfin recently organized an event with Government officials and businesses in Botswana, an African country with a strong promise.

XinFin is shortly launching it’s decentralized global marketplace powered by it’s blockchain network that enables peer to peer financing between Businesses and lenders located across geographies. In an information session arranged by it’s representatives in Africa, XinFin presented it’s Internet of Things and IoT architecture that can connect critical infrastructure projects to it’s global blockchain platform that can transact and secure financing on it’s blockchain platform.

The meeting which was aimed at introducing Xinfin to government officials and contractors in Botswana in order to assist them in using the platform to finance infrastructure development and procurement of essential equipment and materials was attended by 75 contractors and government officials from various departments.

“The XinFin platform is dedicated to bridging the global infrastructure deficit which is in the region of $5 trillion, and it is a huge opportunity for developing countries like, Botswana, to take make good use of,” said Alakanani Itireleng, Director of Satoshi Centre who has been representing XinFin decentralized marketplace in Botswana.

XinFin platform incentives for financiers with 25 percent bounty of it’s native XDC tokens which are inflation resistant and gives smart-exchange resources over XDC for equity investments and risk-hedging to fund projects with a low buyer and seller ratings.

“You know very well how it is so difficult to access funding for projects in third world countries like ours, but we are eliminating that by using the XDC token. We are creating a marketplace with a crowdsource feature that allows individuals, governments and institutions to initiate a project of public importance and promote it with crowdsource and support. When the project is given the nod by a minimum number of votes, it is then open in the marketplace for project management consultants who will bid for the process of administration from conceptualization to execution. The complete workflow from design to sourcing of materials will also be available on in a transparent manner.” added Alakanani.

“The XinFin platform is building it’s proprietary repayment module that structures a fiat currency to XinFin XDC swap every fixed interval that ensures the financiers are getting a robust repayment mechanism. The architecture, once proven successful can be implemented to finance any public infrastructure project from a Solar Power plant to even a toll road.”

XinFin is currenly organizing it’s information sessions with Governments across the world as a part of it’s platform awareness program.

“This is a God sent opportunity at a time most of us are struggling to finance various contracts we have won from the state and private entities,” Cara Ishmael, Secretary of the Botswana Contractors Association related.

However, some government officials were a bit confused about the whole process. A government official who spoke to the participants on anonymity was like it is too good to be true. “Finance for infrastructure with lower interest rates is unheard of but we are going to scrutinise it and take the necessary action,” she said.

Another official who spoke on record was of the view that the Blockchain seems to be a panacea to many problems since he read somewhere that there are some cryptocurrencies that are dedicated to energy supply. “It is all about engaging with the XinFin people further to learn more. I have read about how the Blockchain and some cryptocurrencies are providing cheaper electricity,” Thu So, a government official expressed at the event. which opened it’s Pre ICO sale 3 weeks ago is entering into it’s last week, opens its community forum and white papers.

(For Immediate Release) an ethereum derived blockchain released it’s business white paper and technical summary to the blockchain community today. had opened it’s Pre ICO three weeks ago.

XinFin Business white paper unveils it’s plans to connect real world IoT enabled devices and projects to XinFin XDC blockchain to enable transacting and peer to peer financing. The architecture has been designed to provide retail, enterprise and Government applications.

“XinFin XDC is shortly entering into a Pilot project that will connect cloud connected IoT enabled water purifier ATM machines in remote parts of Africa, India and other asian countries. The local municipalities unable to raise capital for such critical infrastructure projects can allow transparent reporting of real time usage and statistics of the device. Global Financiers can directly fund the device to provide affordable facilities for locals. XinFin has also designed repayment architecture that allows the revenues from the usage of these equipments to be repaid to the investors at nominal interest rates using the XDC platform. This model once proven successfully can be implemented to finance an entire hospital with real time statistics or even Toll Roads. In the consumer equipments lending architecture, investors can directly finance Farm Equipments such as tractors. The architecture once proven can be used by authorised and regulated entities locally.” said Alex Mathbeck, Head of marketing for

“The world can use XinFin technology to bridge $5 trillion infrastructure deficit.” added Mr. Alex.

“XinFin is also readying it’s global trade and finance focused marketplace portal, to start pilots with real world enterprises which can facilitate peer to peer trade and finance with real time settlement. This process takes months today and most of the times can not be facilitated by limitations of the FIAT mechanism.” is building it’s own version derived out of Ethereum codebase that is better suited for these business cases. The Technical summary released to the community unveils that XinFin is currently forking the open source Ethereum codebase to allow Gerant nodes or master nodes for fast transaction processing times. XinFin blockchain is a permissioned distributed network which means it will not be open to public for mining. The miners will be evaluated and will be required to follow military grade standards to host a gerant node. The design is meant to address to major issues with Blockchains today. i.e security and scalability. XinFin is also building a Hybrid architecture that can connect public ethereum blockchain and public bitcoin blockchain to it’s permissioned environment through a secure layer.

XinFin also opened it’s community forum for participation on


Following an overwhelming response in the first week of it’s Pre ICO, XinFin XDC reaffirms its mission to provide real world connectivity to the bitcoin ecosystem.

(For Immediate Release) XinFin XDC, a distributed and decentralised permissioned blockchain platform meant for global trade and financing ecosystem meant to bridge the $5 trillion infrastructure deficit has moved into it’s second week of Pre ICO. Head of Marketing, Alex Mathbeck says :
“We have received amazing response by the community and early investors and our mission to bridge the global infrastructure deficit has been highly appreciated.”

“Market capitalisation of Bitcoin and blockchain built alt coins has reached over $110 billion as of today. It is growing too fast. There is no wonder that we all as a community believe in the blockchain technology and it’s potential. However, the question that needs to be answered today is what problem are we really solving? Peer to peer digital cash and global payments are the primary use cases of the bitcoin ecosystem but as the market capitalisation of the economy grows many fold, the world will start questioning real use of the bitcoin ecosystem. XinFin XDC has an answer for that.”

XinFin XDC network is built to connect the bitcoin ecosystem to a very common real world person who is looking for simplicity.

XinFin XDC network :does not use proof of work mining that is highly computing resource intensive. It uses a combination of Proof of Importance/proof of Reputation that has reduced the latency time to few seconds Checks a wallet address for its existence. Does not initiate a transfer to a non-existent XinFin XDC address Provides greater security due to it’s permissioned distributed network.Provides instant global payments and settlements
XinFin is currently building an application layer over it’s blockchain layer that :

Locks XDC rate to a Fiat Currency rate for 2 days. This feature is especially required for real world instant global remittances Incentivizes financiers to finance public infrastructure projects of critical importance and voted by the community backed by the regulators/institution Allows Trade & financing between buyers and sellers with non-existent ratings. Allows Institutions to trade rapidly depreciating and idle inventories

Commenting on it’s Pre ICO Model

“We have received tremendous response even before our Pre ICO round. Our upcoming marketplace is the most anticipated by the community and will demonstrate first real world trades and peer to peer financing between global institutions. XinFin does not want to raise too much capital before it’s real world trade transactions and framework is launched. Hence it is applying a phase wise ICO model and listing on some of the Crypto-coin exchanges. Some ICOs have raised millions of dollars even before demonstrating a real product. XinFin wants to stick to business basics of delivering value and real product as it raises more capital and lists across exchanges.”

“Speculation may be the short term way of appreciation but delivering real product is a long term model and XinFin will stick to it.”

XinFin Pre ICO is open to it’s early backers on.