​​Utilizing Origin, businesses, developers, clubs, and everyday users gain access to powerful token creation tools, launching new assets - and even entire DAOs - in just a few clicks
SINGAPORE, SINGAPORE / ACCESSWIRE / March 9, 2022 / XDC Network, a highly interoperable hybrid blockchain platform built by XinFin Fintech, today unveils its smart contract and tokenization platform, Origin - a user-friendly tool that enables the secure creation of complex smart contracts at the click of a button.
Origin allows for the creation, issuance, and management of XDC-based token standards via the XDC Network. By leveraging Origin's rigorously tested smart contract framework, virtually any project or enterprise can safely mint fungible XRC20 tokens on the XDC Network without writing a single line of code or hiring a team of software developers. XRC20 tokens have a variety of use cases, including use as utility tokens, or even as governance tokens. Origin will soon integrate options for an array of additional token standards, including non-fungible tokens (NFTs).
The platform is free to use and will be open-source. New assets can be deployed to the XDC Network through Origin with incredibly little capital - typically for under five-thousandths of a cent - something currently impossible on Ethereum due to its prohibitively high fees. Origin allows anyone to manage the tokenomics of their projects, from controlling minting functions to adding a burn mechanism as well as pausing or transferring ownership of a contract.
Origin offers an unparalleled user experience aimed at simplifying the token creation process. Through the platform, a new user without any blockchain experience can create, verify, and deploy their token in under two minutes for a fraction of a cent. Origin also comes equipped with a comprehensive dashboard providing an overview and management of multiple tokens deployed on the XDC Network.
From football associations to VIP social clubs and DAOs, cryptocurrency tokens have emerged as a utility-based means of fundraising, providing fan rewards, encouraging social engagement, and even providing access to special events and organizations. Origin aims to streamline the token creation process, facilitating a straightforward means of quickly minting and managing digital assets in a secure and manageable way.
Use cases are limitless and range from the creation of exclusive tokens that can be airdropped within a promotional campaign to issuing assets that represent individual votes in a Decentralized Autonomous Organization (DAO). Origin could also be leveraged to create an incentive-based loyalty token for businesses that reward various employee accomplishments or that creatively engage their customer base. Origin-minted tokens can even be deployed to provide special access to exclusive clubs. Recently, Major League Soccer team D.C. United announced plans to deploy a one-of-a-kind 'Fan Token' program on the XDC Network, which may facilitate exclusive experiences and special access for fans.
Atul Khekade, Co-founder of XinFin FinTech and Director of the XDC Foundation, said: "Origin stands to be a game-changer for virtually any business, organization or even individual to abstract the complexities of token creation and keep overhead to a minimum. From crypto-newbies to experienced developers, Origin allows users to focus on other crucial business operations - such as the user experience and/or community infrastructure. With Origin, we're tearing down barriers to open up a new frontier for finance and blockchain-powered businesses."
By harnessing the XDC Network and simplifying the token creation experience, Origin allows users to benefit from the blockchain's increased efficiency and low-cost infrastructure. The XDC Network features a consensus mechanism, dubbed XDPoS (XinFin Delegated Proof of stake), which is Byzantine Fault Tolerant (BFT) and supports scalable, energy-efficient and EVM-compatible blockchain use across industries.
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For more information, please contact:
Leo Park
Cryptoland PR for XDC Network
xdc@cryptolandpr.com
About The XDC Network
The XDC Network is a global, open-source, delegated proof of stake consensus network (XDPoS), which enables hybrid relay bridges, instant block finality, and interoperability with ISO 20022 financial messaging standards. The network's hybrid architecture is designed to support institutional use in trade finance and tokenization. With interoperable smart contracts, 2,000 transactions per-second, and Ethereum Virtual Machine compatibility, the XDC Network provides a scalable infrastructure for enterprises and independent community contributors. For more information about the XDC Network, please visit https://www.xdc.org/ Or visit xinfin.org
About XDC Foundation
XDC Foundation is a not-for-profit entity formed to support the growth, development and adoption of the XDC Network by collaborating with an informed and active community of developers, world trade experts, and content creators. All XDC Foundation efforts are designed to support those who utilize XDC's blockchain technology to more efficiently store and exchange ideas, data and assets. For more information about the XDC Foundation, please visit https://www.xdc.org/
SOURCE: XinFin North America