Lore
The evolution of Cross Finance represents an exciting journey from concept to revolutionary financial ecosystem. Follow the key milestones of our path to creating the future of decentralized finance.
December 2022
Foundation of Cross Finance
The inception of Cross Finance marked the initial phase of project development and laying the foundation for the future financial revolution. This pivotal moment set the stage for what would become a transformative force in the decentralized finance landscape.
Key Achievements:
- Core team assembly
- Initial concept development
- Foundation establishment
March 2023
Launch of CrossFi Chain
CrossFi Chain was launched as the core technology and the first product of the Cross Finance ecosystem, providing a powerful blockchain platform for further development. This marked the transition from concept to tangible technology.
Technical Milestones:
- Layer-1 blockchain architecture completion
- EVM compatibility integration
- Cosmos SDK implementation
May 2023
XFI Listing on Exchanges and Platforms
The successful debut of XFI token across major platforms established Cross Finance's presence in the global cryptocurrency market.
Timeline of Success:
- May 25: XFI was listed on the cryptocurrency exchange MEXC
- May 26: XFI/USDT trading pair was opened
- May 30: XFI successfully listed on CoinMarketCap
This triple achievement within one week demonstrated strong market confidence and institutional support.
July 2023
Events in Vietnam
A series of large-scale events dedicated to CrossFi technology took place in Vietnam, featuring networking, new token presentations, and educational sessions led by the company. These events established Cross Finance's strong presence in the Southeast Asian market.
Event Highlights:
- Community building initiatives
- Technology demonstrations
- Partnership development
August 2023
Victory in Huobi Prime Vote 7 & Listing on HTX
A landmark achievement that solidified Cross Finance's position among elite cryptocurrency projects through community-driven selection.
Historic Win:
- August 11: Cross Finance won the Huobi Prime Vote 7 as the best crypto project
- August 18: XFI was listed on the HTX (Huobi) cryptocurrency exchange
- August 22: XFI/USDT trading pair was opened
This victory represented the community's faith in Cross Finance's vision and technology.
September 2023
Participation in TOKEN2049 (Singapore)
Cross Finance's debut at one of the world's most prestigious cryptocurrency conferences marked its entry into the global stage.
Conference Highlights:
- September 13-14: Cross Finance participated as a title partner in TOKEN2049, a leading crypto conference held annually in Dubai and Singapore
- Key Speakers: 0x Hosomaki (Head of DeFi Strategy at Cross Finance) and Fedor Bogorodsky (Director of Banking Operations) joined a panel discussion
Impact:
- Global network expansion
- Strategic partnership discussions
- Industry recognition
November 2023
Licensing & Other Achievements
A month of regulatory compliance and strategic expansion that positioned Cross Finance for international growth.
Major Milestones:
- Cross Finance received an official trading license in the Czech Republic
- November 1: Launch of the CrossFi Fund with a $50M grant program to support developers and early adopters of CrossFi technology
- November 24: Official opening of the Cross Finance office in Dubai
Strategic Significance:
- Regulatory compliance achievement
- Developer ecosystem funding
- Middle East market entry
December 2023
Launch of Non-Custodial Visa Cards & xApp
A revolutionary breakthrough that bridged traditional banking with decentralized finance, creating industry-first solutions.
Revolutionary Products:
- Non-Custodial Visa Payment Cards: Enabled direct crypto payments from Web3 wallets worldwide, marking a historic integration between banks and blockchain for crypto card issuance
- CrossFi xApp: Launched in test mode, demonstrating innovation and accessibility
- December 2: Official opening of the Cross Finance office in Hanoi, Vietnam
Industry Impact:
- First-of-its-kind Web3 banking solution
- Banking-blockchain integration milestone
- Southeast Asian expansion
February 2024
Launch of the Investment Program
A new funding program with over $50M in MPX was introduced to stimulate ecosystem development, demonstrating Cross Finance's commitment to fostering innovation and growth within its ecosystem.
Program Features:
- Developer incentives
- Ecosystem grants
- Innovation funding
April 2024
Testnet Launch & MPX Distribution
The official launch of CrossFi's comprehensive testing environment marked a crucial step toward mainnet deployment.
Network Achievements:
- Official launch of CrossFi's Layer-1 native blockchain testnet in partnership with Coinlist
- Over 300 active validators joined, demonstrating confidence in the network
- MPX tokens were distributed to validators and users to incentivize participation
Community Response:
- Overwhelming validator participation
- Strong network security
- Active community engagement
May 2024
Major Event in Vietnam
A spectacular demonstration of community strength and network performance that exceeded all expectations.
Record-Breaking Event:
- A large-scale offline event in Vietnam attracted 8,000+ attendees, strengthening the community
- 10M Transactions Milestone: The testnet surpassed 10 million transactions, showcasing platform reliability and activity
Performance Metrics:
- Massive community gathering
- Network stress test success
- Platform reliability validation
July 2024
Growth & eMPX Listing
Sustained growth across multiple metrics demonstrated the ecosystem's expanding adoption and utility.
Growth Indicators:
- eMPX was listed on Republic Capital, increasing token visibility
- The testnet reached 500,000 active users, reflecting broad adoption
- Cross Finance surpassed 1M active users on Telegram, highlighting growing engagement
Market Expansion:
- Institutional recognition
- User base growth
- Community engagement surge
August 2024
First Cross Finance Hackathon
The inaugural hackathon featured numerous developer teams building dApps on CrossFi Chain, demonstrating the platform's potential for innovation and attracting top-tier development talent to the ecosystem.
Innovation Showcase:
- Developer competition
- dApp prototypes
- Technical innovation display
September 2024
Participation in TOKEN2049 (Singapore, September 18-19)
Cross Finance's return to TOKEN2049 with elevated status showcased the project's remarkable growth and industry recognition.
Elevated Presence:
- Platinum sponsor with a focus on Web3 innovations, strengthening Cross Finance's position in the global crypto community
Strategic Outcomes:
- Enhanced industry presence
- Partnership opportunities
- Global recognition
October 2024
Mainnet Launch & NFT Platform
The culmination of years of development and testing, the mainnet launch represented Cross Finance's evolution into a fully operational blockchain ecosystem.
Historic Launch:
- CrossFi Mainnet Launch: A new era of DeFi begins
- NFT Platform Launch: In partnership with Premint
- Forbes Feature: Article on financial democratization
Ecosystem Expansion:
- Full blockchain operation
- NFT marketplace integration
- Mainstream media recognition
November 2024
Global Conferences & Fintech Events
Strategic participation in major industry events solidified Cross Finance's position as a leader in financial technology innovation.
International Presence:
- CrossTech World 2024 (Hollywood, Florida, November 19-21): Focus on international payments and fintech innovations
- Singapore Fintech Festival (November 6-8): One of the largest fintech events with 66,000+ attendees, focusing on technology and regulation
Industry Leadership:
- Fintech innovation showcase
- Regulatory engagement
- Global network expansion
December 2024
Vietnam Conferences & Strategic Developments
Year-end events and strategic planning sessions set the foundation for ambitious expansion plans in 2025.
Strategic Initiatives:
- Tech Conferences: Around 3,000 participants, focusing on technological advancements
- Super Cup 2023 in Hanoi: Sponsored the sports event
- Strategic Session Results: Announced plans for global expansion and market dominance
Future Planning:
- Technology roadmap development
- Market expansion strategy
- Community growth initiatives
February 2025
New Partnerships & Key Updates
The beginning of 2025 brought strategic partnerships and critical infrastructure updates, positioning Cross Finance for unprecedented growth.
Partnership Expansion:
- New Collaborations: Announced partnerships with Enflux, ApeBond, Victus Global, Alpha Token Capital, Pinnacle Ventures
- AML Audit: Successfully completed an AML audit by CityLinkers
- MPX Delegation Launch: Update to the staking protocol
Infrastructure Enhancement:
- Compliance framework strengthening
- Protocol optimization
- Strategic alliance building
The Journey Continues
This is just the beginning of our journey. Cross Finance continues to innovate and develop, creating the future of decentralized finance for users worldwide. Each milestone represents not just an achievement, but a stepping stone toward our vision of democratizing finance through blockchain technology.
Stay tuned for more exciting developments as Cross Finance continues to push the boundaries of what's possible in decentralized finance. The future is being built today, one innovation at a time.