Frequently Asked Questions
Xfinite aims to revolutionize digital media by bringing forth innovations to customer experience, data driven engagement, and ecosystem economics for the benefit of the community.
Mzaalo is a gamified video on demand platform and entertainment ecosystem that solves issues caused by disruption in the media industry. It is secured by Xfinite blockchain solution.
XET (Xfinite Entertainment Token) is the native currency of the Xfinite ecosystem. XET functions as a unique value exchange and governance mechanism for all stakeholders including users, brands & influencers, and content producers.
XET is built on the Algorand blockchain which is a cost-effective at scale chain and therefore perfect for microtransactions. The average cost is less than 0.001 USD per transaction. By leveraging the scalability and throughput of the Algorand blockchain, Xfinite is seeking to create a new way for creators and fans to have a richer online experience and more financially rewarding relationship.
Fan Tokens are redeemable Non-Fungible Tokens bearing the characteristics of a celebrity or artist.
Brands and influencers can also use the XET token to purchase advertising space and create interactive advertising services. They can also stake their XET tokens to create their own digital goods and non-fungible tokens (NFT’s) for their fans; creating opportunities for both monetization and higher engagement levels for content creators.
DeFi or Decentralized Finance represents financial services with no intermediaries or single owner implemented on the blockchain technologies.
Most De-Fi applications today are built on the Ethereum network. However, Xfinite has developed some of its De-Fi apps on Algorand blockchain owing to its superior speed, scalability, security, and lower costs.
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Xfinite staking pools are unique opportunities to stake XET token into purpose-built Algorand Standard Assets (ASA) smart contracts and benefit from strong APYs (Annual Percentage Yield).
Through ASA we ensure you can have high speed and low cost. Deposit and withdraw tokens at any time.