SideShift

SideShift is a token associated with SideShift, a cryptocurrency exchange service that allows users to swap one digital asset for another without requiring account registration. It aims to make cross-asset conversion straightforward for people who want to move between different cryptocurrencies quickly and with minimal friction. XAI is the native token of that platform and exists within the Ethereum ecosystem.

XAI is an Ethereum-based token tied to the SideShift exchange application. The platform itself operates as a non-custodial shifting service, and XAI holders can stake the token to receive a share of the fees the protocol collects. No consensus algorithm or block time is recorded for XAI itself, as it relies on the Ethereum network for settlement rather than running its own chain.

Over the trailing 12 months, the protocol recorded both fees and revenue of 2,887,328 USD, meaning the entirety of fees collected are treated as protocol revenue with no reported split to a separate treasury or other party. These fees are generated by users who pay to swap assets through the SideShift platform. Of the total token supply, 68.71 percent is currently circulating, while 45.53 percent of the total supply remains pending issuance, representing a dilution overhang that could affect the ratio of fee revenue to total supply over time. The fully diluted valuation is approximately 1.46 times the current market capitalisation, reflecting that relationship between circulating and not-yet-issued tokens.