XToken (XTK)

From CryptoWiki

Revision as of 06:17, 6 September 2021 by wiki_crypto>Zeb.dyor (→‎Bugs/Exploits)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

 Basics

History

Audits

Bugs/Exploits

"~$4.5 million stolen from their xSNX contract. Three months ago this team lost $24 million - in the same token, to the same attack technique. The X-token team say they’ll compensate their users (again), and that they have taken the decision to phase out their xSNX product. The decision to withdraw their xSNX offering may be wise, however, by publicly admitting that it was too complicated for them, aren’t they just worsening the damage to their reputation?"

"xToken exploit resulted in $25m loss, due to logic error allowing infinite mint."

  • From Rekt (12-5-2021):

"xToken.Market, a decentralized passive investing protocol, was exploited with the use of flash loans. The attacker used a Flashloan from DyDx for 61,833 ETH (~$267M) and a Private Transaction using Flashbots MEV to facilitate the attack. All tokens except xBNTa have already been sold to ~5.6k ETH through 1inch."

Governance

Admin Keys

DAO

Token

Launch

Token allocation

Utility

Token Details

"Our inaugural assets are xKNC — launching with Kyber’s Katalyst upgrade next week — and xSNX — a wrapper for the Synthetix staking process, launching in the coming weeks."

Stablecoin

Coin Distribution

Tech

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].
  • Built on: Ethereum
  • Programming language used:

Transaction Details

How it works

Fee Mechanism

Upgrades

Staking

Interoperability

Other Details

Oracle Method

Privacy Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].
  • Michael Cohen; founder

Funding

Partners