What is Efinity token used for?

On the Efinity network, the Efinity Token (EFI) is utilized for all transaction fee payments. The kind of transaction determines the pricing and distribution of transaction fees. Any orders that are filled will be charged a 2.5 percent fee, which will be split among four pools.

Is EFI token good?

The Efinity Token (EFI) – Driving NFT Adoption Notably, the protocol recently won Polkadot’s sixth and last parachain auction for 2021 and now has over 70 ecosystem partners. These reasons and the excellent feature set provided by Efinity make it a strong contender in the budding NFT market.

Efinity Token EFI Crypto NFT Gaming [strong BUY signal]

What is Efinity token built on?

Tokenomics. Enjin is developing Efinity, a next-generation blockchain for digital assets, built on Polkadot.

How do I get an EFI Efinity token?

  1. Download Coinbase Wallet. …
  2. Choose a Coinbase Wallet username. …
  3. Securely store your recovery phrase. …
  4. Understand and plan for Ethereum network fees. …
  5. Buy and transfer ETH to Coinbase Wallet. …
  6. Use your ETH to buy Efinity Token in the trade tab.

Enjin ENJ & Efinity EFI EXPLAINED | 2 Minute Crypto

Is Efinity an ERC 20 token?

Efinity (EFI) ERC20 Token in Binance Smart Chain Mainnet. Token is implemented as ERC20 smart contract with address 0x557efaacd671e8b505b58f1ef0ca320715b5f87a .

How much will EFI token be worth?

EFI Price Live Data. The live Efinity Token price today is $0.185886 USD with a 24-hour trading volume of $4,905,372 USD.

What is Efinity EFI Token – Efinity Explained in 5 Minutes !!

Will VeChain go up?

Based on our VeChain price prediction, a long-term increase is expected, the price prognosis for 2027 is $0.318. With a 5-year investment, the revenue is expected to be around +594.32%. According to the Vechain predictions done by Long forecast, the coin price is expected to reach around $0.034 by the end of 2024.

Will enjin coin rise?

However, its enjin price prediction for 2030 forecasts an average price of $36.73, and it sees the token rising to $54.42 in 2031. Finally, DigitalCoinPrice suggests an average price of $2.04 in 2025, before dropping to $1.85 in 2026. For 2027, it predicts ENJ to average out at $2.58 and climb to $4.80 in 2030.

Efinity: a MASSIVE opportunity for NFTs and crypto gaming! (Enjin Ecosystem)