- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
SideShift Token
About SideShift Token
SideShift Token (XAI), an ERC20 token on the Ethereum blockchain, is a vital component of the SideShift.ai cryptocurrency exchange platform. It is used for staking, providing users with a portion of the platform's revenue, and in the referral programme, offering rewards for user referrals.
SideShift Token (XAI) is an ERC20 token on the Ethereum blockchain, primarily linked with SideShift.ai, a platform that enables the exchange of a variety of cryptocurrencies without the need for user registration. The integration of the token into the SideShift.ai ecosystem underlines its role in facilitating these cryptocurrency exchanges.
XAI is utilised within the SideShift.ai platform for several key purposes, including staking rewards and a referral programme. Users who stake XAI tokens on the SideShift.ai platform are eligible to receive a share of the platform's revenue, with 25% of SideShift.ai's revenue being distributed daily to those who stake their XAI tokens. Additionally, the platform incentivises users to refer new participants through its referral programme. In this programme, users earn XAI tokens, which are equivalent to 0.5% of the total SHIFT value in XAI, from the transactions of the individuals they refer.
**The official SideShift Token ticker is “XAI” and trades under that name on all the exchanges where it has been listed. The designation “SIDESHIFT” is for CryptoCompare.com only.*