DeFi project – Xfinance announced they will cooperate with LID Protocol and launch XFI ILO presale on the LID presale Dapp, launch date scheduled for September 10th.

LID Protocol solves the issue of Uniswap exit scamming by using standardized non-custodial presale smart contracts that lock liquidity.

After the presale is completed, 60% of ETH will be permanently locked in Uniswap liquidity, and 15% of ETH will buyback and burn of XFI tokens within 72hrs after the presale to prevent any form of dump thereby reducing supply and increasing demand.

Total supply: 50,000 XFI

Presale: 15,000 XFI (30%)

Presale Base price: 1 ETH = 4.8387 XFI

Hard cap/Soft cap: 3000ETH/1000ETH

Bonus: According to the presale progress

0–500 ETH 10% bonus;

500–1000 ETH 5% bonus;

1000–2000 ETH 2.5% bonus;

2000–3000 ETH 0% bonus

Uniswap Initial liquidity

ETH 1800

XFI 7000

Uniswap Initial Price: 1ETH =3.889 XFI

More Details:https://link.medium.com/Z9McoOWDq9

What is Xfinance project?

After a month of extraordinary returns of more than 1200%, DeFi darling yearn.finance…

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Source: https://news.bitcoin.com/defi-project-xfinancexfi-ilo-presale-sceduled-for-sept-10th/