Efinity Token EFI Price 0.08112367

To find out more about this project, check out our deep dive.
What is the name of the token?
Enjin developed the Efinity platform and built it on Polkadot.
The NFT space is the main specialization of the Efinity project. The protocol allows traders to create, distribute, transfer, sell and buy NFTs.
Using an inter-chain infrastructure of protocols will result in lower transaction fees.
One of the long-term goals of Efinity is to become a hub for both fungible and non-fungible token, accepting token from any other chain, facilitating the pricing and exchange of NFTs, increasing transaction volume, and creating network effects.
In December of 2021, the project won the Polkadot parachain auction, and in March of 2022, Enjin launched their flagship parachain Efinity on the Polkadot Relay Chain.
Who is the founder of Efinity token?
The company was founded by the Enjin team with the co-founding of the company being by Maxim Blagov, CEO.
The graduate of the University of Technology Sydney is Maxim Blagov. He is an expert in concept development and strategizing for interactive apps in the video game industry.
One of the first members of the Enjin team was the one who spearheaded the integration of Enjin coin.
A former COO of Mineplex is one of the players.
In the year 2021, Enjin enlisted the support of investors like the Digital Finance Group and Hyperosphere after signing a partnership with Microsoft.
What makes Efinity token unique?
There are a number of unique features that distinguish the project from other platforms, for instance: fast transactions and low fees, the use of so-called fuel tanks, support for contracts with multiple signatures and the implementation of Efinity swap technology.
There are some key advantages of Efinity.
Special bills for fuel tanks.
Low fees and fast transactions. It is possible to process 700 to 1000 transactions per second. The transaction confirmation time is 6 seconds and does not require the end user to have a wallet.
A swap. The technology makes the para token exchange process more efficient.

There are pages related to this.
You can read about Enjin Coin.
The data about Polkadot.
You can take a deep dive into Efinity.
NFTs are non-fungible token.
What are parachains?
How many Ei Coins are in circulation?

There are use cases for EFI.
Users can pay transaction fees, purchase digital assets, vote in governance events, and reward network members.
The token distribution is as follows:
20% to investors in the form of seed rounds and public sales.
30% to the company and 10% to the team.
15% to be staked.
40% to the community.
The functions of the token include transaction fees, network fees, governance, fuel tanks, and JumpNet.
Assets can be exchanged for NFTs and digital token on the platform.
Is the Efinity token network secure?
The Efinity protocol is part of the Polkadot parachain. Polkadot Relay Chain validators are used for the consensus of the parachain. The computation power of the relay chain is used to protect the network. Polkadot is in charge of network security.
The Efinity platform and Efinity token were created according to the same security protocol as the ether, a Proof-of-Work (PoW) consensus mechanism.
In 2020, Enjin launched a bug bounty program via HackerOne, an information security company with access to the best ethical hackers in the world.
Where can I buy Efinity token?
There are DEX and CEX platforms where Efinity token can be found.
Do you want to keep track of the prices?
Have a look at the guide.