Roadmap for 2021
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:
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
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)
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
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.
Integration is in progress and should be completed by Jan 2021. An announcement has already been released by the ExcelTrip team.
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
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
4. Market making + Liquidity push by incentivizing Market Makers
5. Global awareness + PR
6. Develop Interoperability of XDC with Ethereum ecosystem
7. Legal Clarity on XDC Network and token
8. Hackathon & internship to promote XDC Adoption and More Dapps Integration.
9. Enhance XDC Staking in the following ways:
Inorganic Growth through third party project integrations:
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