Xuirin Finance has created waves throughout the cryptocurrency market for its revolutionary crypto-integrated financial product offerings. Their pre-sale event was held until April 22, 2024, gathered a large crowd and raised a funding cap of $450,000.
In this article, we will talk about the details of the Xuirin Finance project and its potential future in the crypto markets.
What is Xuirin Finance?
Xuirin Finance has put its focus on bridging the gap between traditional finance and Decentralized financial networks.
As part of this goal, they offer a variety of integrated products such as DeFi Debit Cards, DeFi Wallet, Intelligent Crypto Payment Gateway, and AI-enhanced peer-to-peer lending.
This is only the beginning of a long list of products and services that they intend to offer in the coming years.
All of these efforts from Xuirin Finance round back to increase the practical application of cryptocurrencies in everyday transactions. This includes bill payments, shopping online, withdrawing money from the ATM, and so on.
Now let us look at the details of their presale event.
Xuirin Finance presale event
Their presale event began on Feb 26, 2024, and was set to continue till December 31, 2024. The pre-sale token was deemed a success as they sold out almost all the supply of coins by April 22, 2024.
The presale amount of tokens was set at 45% of the entire token supply. This amounted to about 450,000,000 XUIRIN tokens sold in total during the presale.
The success of the token pre-sale speaks volumes in itself on how much support and trust the community has put into the success of Xuirin Finance.
With the success of stage 1 of the presale event, it has been notified that the company is preparing for a second stage of presale in which they will offer over 25 million XUIRIN tokens each priced at $0.04, which should total up to an amount of $1 million.
In addition to this Xuirin has also announced a Mega Giveaway in which they have decided to give a sizeable amount totaling $50,000 in prizes to 20 winners.
The Giveaway is still said to be on its run and the website has been offering 10 of its winners a chance to win $40,000 each and the other to get $10,000 worth of XUIRIN coin each.
Now that we have discussed the details regarding the token presale event and the other miscellaneous activities organized by Xuirin Finance let us now look at how the tokenomics of the ecosystem works.
How does the tokenomics of the Xuirin Finance work?
The tokenomics of Xuirin Finance is split into multiple pieces based on the importance that the network gives to each of its sectors of work.
The major portion of this network ie. 45% of the entire token is set to be distributed to various parties through presale events and the rest 55% is split across as follows:
- Team members
- The Xuirin has reserved almost 5% of the entire token supply to the team that works behind making the project a reality.
- Partners and Advisors:
- Almost 3% of the token supply has been reserved for all the parties that partner with or take up advisory roles for the Xuirin network.
- Marketing
- The group has decided to allot almost 4% of the entire token supply to fund the marketing efforts of the project.
- Cashback Reserves
- The cashback Reserves in the Xuirin system get 5% of the token supply to encourage users to adopt more into the platform.
- Incentives
- Incentives are initiatives taken by the Xuirin team to boost traffic and increase activity in the ecosystem through promotional activities such as giveaways and rewards for active participation in their events. The token size for this category is set at 5%.
- Liquidity and Listing Reserves
- 12% of the tokens in the Xuirin system will be used to provide liquidity for the token when it gets listed in different exchanges and then further account for the listing fees.
- Ecosystem
- A large chunk of the tokens which amount to 21% goes reserved for the future development and upgradation that is to happen within the Xuirin Finance ecosystem.
These details talk about the deconstructed token ecosystem of Xuirin Finance.
Let us look at what we can conclude from all the details that we have gathered from Xuiring finance and its token from the sections above.
Bottom Line
Let us now try to answer the question: Is Xuirin Finance the Next Big Thing in DeFi? The answer to this question is largely in favor of Xuirin Finance when considering a lot of aspects such as the setup of its Finance network, its token system, and the project’s future prospects.
A few of the reasons for this conclusion are due to the fact that the coin’s network seems to be involved in a highly vast area with a large scope for adoption.
The tokenomics of the ecosystem seems to favor both the investor and their project development plans due to its adequate compartmentalized quality.
The cherry on top of all of this seems to be the success of their presale events and their loyal invested consumer base. These factors will be highly beneficial in turning Xuirin Finance into the next big thing in DeFi.
