Xenophon Docs
What is Xenophon?
Xenophon is a decentralized reserve asset protocol built on DeFi2.0 based on XPH currency. You can understand it as the United States dollar (USD) in the decentralized network world as the value-anchored asset. First of all, Xenophon is built by the community and DAO, there is no factor that can control it, and it will not change by the US dollar or other country’s fiat currency due to policies and other factors.
Contrary to the centralized financial system, for example, the U.S. dollar relies on the powerful Federal Reserve. All assets linked to the U.S. dollar will be affected by changes in the U.S. dollar’s ​​price. XPH does not rely on any artificial or centralized institutions. It will be linked to the decentralized token BUSD, and establish a treasury, and will gradually transition to decentralized assets such as ETH and BTC, eventually forming a fully decentralized global asset reserve.
Xenophon's goal is to establish a currency system that is not controlled by policies, specifically through DAO's highest degree of control over the operation and market performance of XPH tokens. In the long run, we have reason to believe that this currency system can be used to improve the stability of currency prices and optimize the consistency of prices, so that XPH tokens become a universal unit of account and a medium of exchange for user asset values. In the short term, we intend to continuously optimize the system to achieve user growth while creating long-term wealth value for users.
In the end, the value of XPH will depend on the huge decentralized financial market demand, which may be 1 BUSD or 100 BUSD.

Getting Started

The Advancement of DeFi 1.0—XenophonDAO