The XDC network has achieved leapfrog development, attracting global innovators and institutions to participate

Author: XinFin

Compiled by: ChainCatcher

Despite facing strong global macroeconomic headwinds, the XDC Network has made significant strides over the past year. Layer 2 solutions, software development companies, and financial service providers from all corners of the globe are lining up to build DEXs, Metaverses, and dApps, with use cases directly applicable to everything from commodity trading to legal document digitization to trade finance (our bread and butter). Everyone is doing this because it is certain that, in the near future, advanced blockchain technologies like XDC will not only disrupt the global digital information economy but also the equally globalized economy of goods and services in the real world. To support their efforts and encourage more innovators, technologists, builders, and institutional participants to join the network, we—the founders—will do something we have never done before: collaborate closely with major institutional funders, leveraging our own portion of XDC personal allocations to rapidly enhance the quality and quantity of on-chain activities. Our goal in doing this is to ensure that when—not if—macroeconomic winds change, and we find ourselves facing against the wind, we have already gone too far, too fast, for anyone to catch up with us.

Since the launch of the temporary testnet, the founders' XDC allocations have begun to unlock at a rate of 3% per year according to the publicly available token release schedule. We believe the time has come to use these already circulating, unlocked tokens for the greater benefit of the network. It is easy to forget that XDC is not a currency, even though it can function as one—XDC is more precisely the fuel for a cutting-edge, decentralized network product with a variety of far-reaching applications. It is the product and the network that matter, not the "currency." Therefore, leveraging the latter to accelerate the development of the former is an easy choice for us.

The only difficult part is finding the right institutional funders. This is because we do not want just any institutional funding. It is very easy to obtain funding solely from institutions. However, we also need true partners. That is, we hope that funders can share our vision for the future—a future where the XDC Network plays a leading role in an increasingly digital real-world economy—while being willing and able to make our shared vision a reality. We are pleased to report that we have found such partners. Moreover, in the coming weeks and months, we will announce more details about the terms of our collaboration.

This will usher in an exciting new era in the history of the XDC Network—we believe this is the most exciting time yet.