Roadmap

Use the XDC token on the public state that is identical in functionality to public blockchains. Or set up private networks to run enterprise use cases.

Roadmap for 2021

Background:

Bitcoin's phenomenal rise backed by institutional adoption has confirmed the appetite for digital assets by mainstream markets and investors. Today, Bitcoin is positioned as a scarce digital asset with very high liquidity, and this liquidity, mining, and adoption are managed in a fairly decentralized manner by its community members.

XDC is positioned to connect real-world finance origination to DeFi markets and XinFin's focus is for XDC to be a de-facto standard for recording payment obligations for institutions which include buyers, suppliers, governments, and banks. Payment obligations can also be recorded for employer to employee transactions which can potentially create opportunities for payday loans, mortgage origination, and auto loans on the XDC Network.

Governments raise billions through bonds which are essentially payment obligations. Currently, this space is empty and there is no platform that focuses on this particular feature. Enabling this creates a massive opportunity to run DeFi backed by real-world assets on top of the XDC network.

Central banks pour liquidity into financial markets so that liquidity can reach MSMEs at the grassroots level. XDC is positioned to absorb such liquidity and distribute it via originators that connect to TradeFinex on the XDC Network.

We are expecting a third-party developer to deliver payment obligations on the XDC network which will be used by the initial 2 integrations, Validus and Funding Societies. There are ongoing discussions with regulated financial institutions (Know More) to bring their payment obligations for instruments such as letters of credits, invoices, and receivables onto the XDC Network.

While the Core Team is focused on the adoption of XDC and the network, it's clear that in order for us to operate as a Decentralized Autonomous Organization, the participation of the XDC community is needed to achieve the following objectives:

  • XDC Integrations across hardware and software wallets, and the addition of more digital asset custodians and crypto exchanges.
  • Provide XDC liquidity to support trade finance liquidity.
  • Increase XDC adoption through marketing efforts that build awareness about the XDC Network's protocol and benefits.

We are happy to share this roadmap with our core community members so that we can collectively grow the XDC Network into a market leader in 2021.

1. Build a robust support infrastructure for the XDC Mainnet Chain with new wallet integrations

  • Hardware and software wallets
    • Ledger (Code integration is done, we are awaiting security approvals and upgrade into their firmware in order to be fully supported on Ledger
    • D'CENT Wallet: Support and integration of XDC has been announced by D'CENT
    • Trezor (Integration is ongoing)
    • Wallet connect (Live): https://walletconnect.org/apps/
    • Freewallet: (Integration ongoing)
    • Safepal.io: Safepal.io has announced that they will keep XDC Integration on their 2021 roadmap.
    • Exodus, Trust Wallet, Coinswitch: Discussion Phase. XDC needs to meet their required criteria for Coinmarketcap rank, technical integration, fees, etc. XDC community members can participate and claim up to a 140% bounty visit: https://www.xinfin.org/bounty
  • Digital Asset custodians
    • Copper.co - Established
    • Onchain custodian - Support is scheduled to start in Q1 of 2021
    • Hex Trust - In negotiations as of Q1 2021
    • Anchorage (backed by Visa)
      Other wallet: XDC community members can participate and claim up to 140% bounty visit link: https://www.xinfin.org/bounty
    • XDC community members can add support to other established digital custodian and claim up to 140% of XDC as bounty by submitting integration details at https://www.xinfin.org/bounty (Fill-in the form provided under pre-approved XDC Bounty)

  • OpenLaw Integration:

    Discussions are in progress and we are awaiting for XDC community members to push them to get quick integration. Up to 140% in XDC Bounty is available for the actual cost borne by XDC community members visit: https://www.xinfin.org/bounty

  • R3 Cordite Integration:

    Cordite Society has been engaged by Xinfin to run third-party Corda Network nodes for XinFin and provide interoperability among the Corda and XinFin networks.

  • ExcelTrip Travel Portal XDC Integration:

    Integration is in progress and should be completed by Jan 2021. An announcement has already been released by the ExcelTrip team.

  • MultiSig Wallet Facility:

    Fork repositories like https://gnosis-safe.io/ and provide options to use multisig facility on the XDC Network. Up to 140% in XDC Bounty is available for the actual cost borne by XDC community members visit: https://www.xinfin.org/bounty.

2. Drive rapid adoption of XDC with DApps currently running on the XDC Network

  • TradeFinex
  • Globiance
    • Boost adoption of SGDg, EURg
      • Target:

      • Scale-up issuance of SGDg and EURg
      • Scale-up the daily volume of SGDg and EURg
  • Blockdegree
    • Development of partnerships with institutions to cross-sell education with a 50% profit share
    • Blockdegree courses will be accredited by Singapore skills future (Please visit Blockdgree.org)
  • Mycontract
    • Develop enterprise connectivity to blockchain and crypto-asset ecosystems

      Drive the development of Dapps on XDC Network with funding and bounty programs for 3rd party developers who can claim up to 140% of their costs borne in XDC as bounty by submitting details at https://www.xinfin.org/bounty (Fill-in the form provided under pre-approved XDC Bounty)

3. Exchange Listings

  • Tier 1 Exchange Listing (In Legal clearance)
    • Non-US Customers (Phase 1)
    • US Customers - FIAT pairs (Phase 2)
  • Tier 1 Exchange Listing (Proposal Received)
    • Non-japan customers (Phase 1)
    • Japan customers - Fiat Pairs (Phase 2)
  • Tier 1 exchange listing (Proposed)
    • Non-Korean Customers (Phase 1)
    • Korean Customers - Fiat (Phase 2)
  • Tier 1 exchange listing (Proposed)

4. Market making + Liquidity push by incentivizing Market Makers

5. Global awareness + PR

  • Received proposal from Market Across PR firm.
    • This is a PR firm for top projects.
  • Develop ways for the community to help in the decentralization of marketing efforts.

6. Develop Interoperability of XDC with Ethereum ecosystem

  • Developers of Bancor and XDC are working with Bancorx integration of XDC with USDC, USDT, and ETH on BancorX

7. Legal Clarity on XDC Network and token

  • Singapore
    • A law firm has already issued a legal opinion stating that XDC is a utility payment token and not a security.
  • UK
    • A law firm has already issued a legal opinion stating that XDC is a utility payment token and not a security.
  • Liechtenstein
    • Legal opinion underway.
  • US - SEC
    • Xinfin is currently in the process of engaging legal counsel in the United States to create a legal opinion for the XDC Network and the XDC token.
  • Japan
    • To be engaged after listing with Tier 1 Exchange for enabling fiat pairs.
  • UAE
    • Working through TradeFinex Tech Ltd. (Reglab already issued)
    • Know More

8. Hackathon & internship to promote XDC Adoption and More Dapps Integration.

9. Enhance XDC Staking in the following ways:

  • Masternode/Backup Node: Expand XDC Masternode networks.
  • Community Staking: Integration with exchanges and custodians who can offer a yield to XDC Holders.

Inorganic Growth through third party project integrations:

  • European Index provider - (will be publicly announced in Q1)
    • XDC index to launch in January end or February. Know More
  • A Fintech firm integrated with 17 banks
    • Know More
    • Integration of banking partners with TradeFinex over XDC liquidity pools for alternative investors.
  • Tier 1 Bank - Know More
  • DeFi Project on XDC - Know More
  • Trade Finance Digitisation Project
    • Integration with XDC
  • Know More

The XinFin Core Team encourages community members to take part in the development and utilization of the XDC Network. Efforts to connect with or approach regulated companies that can boost XDC adoption with running systems will be supported through Xinfin Bounty programs. Up to 140% in XDC Bounty is available for any communication, integration, or regulatory cost incurred by XDC Community members. XDC Bounty form at https://www.xinfin.org/bounty (Fill-in the form provided under pre-approved XDC Bounty)

The journey so far, Milestones Achieved up to 31st Dec 2020

2020
  • Hardware Wallet Ledger integration for the XDC Network Coins
  • Auto swap for XDC : XDCe using decentralized Network
  • Start Invitation to the Local Country specific partners to Start Country specific Stable coin using XDC ecosystem Support
  • Invitation to the Partners to Start Oracle date/price feed using middleware MyContract.co
  • NFT + DeFi initiative: TradeFinex Live Transaction with Validus (MAS Regulated Firm in Singapore)
  • Andre Casterman joined XinFin as an Advisor
  • Gaurda Wallet lists XDC MainNet coins
  • Indodax to Switch from XDCe to XinFin MainNet coin XDC
  • XDC listed on Bitrue Exchange
  • 10 Billion XDCe token burned as XDC utility escalates
  • XinFin [XDC] Network Integrates Chainlink Oracles to Power New Trade Finance Use Cases
  • Staking of XDCe on Bancor Network
  • XDC MainNet Coin is Live on Copper.co for an Institutional Custody Solution
  • Bilaxy Exchange Listed XDCe
  • XDC listed on BuyUCoin against a Fait currency INR
  • Homiex Switch to XinFin MainNet coin XDC from XDCe
  • XinFin [XDC] Network joins the International Trade and Forfaiting Association (ITFA)
  • Mercatox Switch to XinFin MainNet coin XDC from XDCe
  • Crypto Exchange WBF lists XinFin MainNet Coin XDC
  • Regulated Custodian Integrations and Partnership for ecosystem development and XDC adoption. Exploring partnership with Custodian Copper.co, Pundix and Fineon Exchange (fineon.net)
  • TradeFinex Round table - Regional Roundtable for Masternode, governance counsel, and use case presentation. DEMO TradeFinex Network.
  • New decentralized mobile wallet with additional chain support (ERC20)
  • Add More XDC Liquidity Depth. By way of a tie-up with the market maker. Exploring the possibility to list XDC coin with the regulated exchange. Talking to 2 market makers from Singapore, one from Hongkong and one from malta.
  • XDC Staking / Burning Plan (By way Use case/network utility apps)
  • Add More Exchange. Talking to tier2 and tier3 Exchange to add XDC MainNet (preferably XDC pair with local Fiat currency like KRW, THB, EUR, etc). Also talking to regulated exchanges to list XDC MainNet chain
  • When Exchange like Binance, OKex, Liquid, Huobi?
    All Tier1 exchange List token based on community demand, Adoption/use case and based on the current market daily liquidity depth so XinFin Focusing on getting more adoption and liquidity depth to avoid price manipulation by the whales. XinFin also Focusing more to get Local Fiat pairs against XDC to get more liquidity for the TradeFinex use case
  • XDC listed on Stex Exchange
  • XDCe listed on FatBTC
2019
  • 50-200 masternode Setup with 10M staking each (Subject to speed of adoption)
  • 6 members for governance body
  • TradeFinex Round table-2
  • Awareness Meetups (online and offline)
  • Start Getting XDC whitelisting from Regulator
  • Adoption and outreach for the Commercial Products like: X-Wallet, X-Sidechain, X-Stable Coin, X-Loyalty for Institution and retail
  • Token Burning Target : Approx 10K USD - 500K USD (equivalent value in XDC)
    • Subject to speed of Adoption (Institutional as well as Retail)
    • XDC Protocol fees embedded in smart contract
  • Popular Exchange listings target
    • 1-2 Popular Exchanges
  • 25-100 masternode Setup with 10M staking each (Subject to speed of adoption)
  • Implement Masternode Pool Contract
  • 3 members for governance body
  • Awareness Meetups (online and offline)
  • Start Approaching regulators for XDC whitelisting
  • Introduction of Commercial Products like: X-Wallet, X-Sidechain, X-Stable Coin, X-Loyalty for Institution and retail
  • Token Burning Target : Approx 10K USD - 500K USD (equivalent value in XDC)
    • Subject to speed of Adoption (Institutional as well as Retail)
    • XDC Protocol fees embedded in smart contract
  • Popular Exchange listings target
    • 1-2 Popular Exchanges
  • TradeFinex 1st regulator and institution round table meeting schedule at ADGM
  • Rollout of Live XDC Public Net
  • Rollout of Standardize dApps Web Wallet MainNet
  • Rollout of Standardize dApps Mobile Wallet (MainNet)
  • Rollout of Live Version for InFactor
  • Rollout of Live Version for Land Registry
  • Launch of Open Hackathon
  • Commencement of Community Bounty Plan
  • Rollout of XDPoS Network (TestNet)
  • Rollout of Standardize dApps Wallet (TestNet)
  • Rollout of Standardize dApps Mobile Wallet (TestNet)
  • Rollout of Demo Version for InFactor
  • Rollout of Demo Version for Land Registry
  • Launch of MyContract.co API
  • Launch of Kramaa.com
  • Rollout 3 Online courses (with online certification) from XinFin Blockchain Academy
2018
  • Setup Multiple MasterNodes Globally
  • Setup Multiple MasterNodes Globally
  • Tie-up with Global Institution & Enterprise
  • Cold Storage Wallet
  • Deployment of clients private sub-networks
  • AML & KYC Compliance of XDC Wallet
  • TradeFinex Beta Launch & Setup of XDCe
  • Listing of XDCe & XDC Token
  • Global Expansion of XinFin & TradeFinex
2017
  • XDC Android Wallet Launched
  • Lisiting of XDC on Alphaex.net
  • Demonstration of TradeFinex POCs & Hedge Pool
  • Pre-ICO Sales End
  • Initiate Development of TradeFinex
  • Release of Business & Technical White Paper Overview (V1)
  • Release of Business & Technical White Paper (V1)
  • Initiate setup of XDCO1 Protocol
  • Wallet Deployment, Pre-ICO sales Start
  • Global Expansion of XinFin & TradeFinex