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Efinity Token logo

Efinity Token EFI

Efinity Token Price (EFI)
$0.0985
0.18% Buy EFI Now

0.0000319 ETH

0.00000155 BTC

Buy EFI Now
Low: $0.0982
High: $0.0994
24h
Market Cap
$8,557,600
0.18%
Fully Diluted Market Cap
$196,918,508
0.18%
Volume
24h
$0
0.00%
Volume / Market Cap
0.00
Circulating Supply
86,915,139 EFI
4.35%
Max Supply
2,000,000,000
Total Supply
2,000,000,000

Efinity Token (EFI) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.35%

Joined at Jun 08, 2021

Following

87

0.00%

Tweet count

790

0.00%

Efinity Token reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Efinity Token (EFI) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Efinity Token telegram
Telegram Stats
Visit Telegram

Members

0.58%

Title

Enjin | Efinity

Efinity Token traffic
Website Traffic
Visit Website

Website Rating (DR)

75 / 100

0.00%

Ahrefs Rank

35,640

1.69%

Organic Traffic (mo.)

15,296

61.25%

Efinity Token github
GitHub Organization
Visit GitHub

Public repos

Created at Apr 05, 2012

Type

Organization

Efinity Token github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Efinity Token (EFI) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 64,784

Members: 34,313


Live EFI Price Analysis

The current real time Efinity Token price is $0.0985, and its trading volume is $0 in the last 24 hours. EFI price has plummeted by 0.18% in the last day, and decreased by 2.79% in the last 7 days. It’s important to note that current Efinity Token market capitalization is $8,557,600, and the maximum supply is 2,000,000,000 EFI coins. Talking about circulating supply, EFI has 86,915,139 coins. Currently, Efinity Token rank on the market is #947.

Efinity Token price today is 97.08% below all time high, and it is 907.53% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling EFI are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Efinity (EFI)?

EFI is the native token of Efinity, which is a Polkadot parachain that was created specifically for non-fungible token (NFT) adoption. It’s a part of the Enjin NFT ecosystem. Efinity allows users to develop their own NFTs, as well as distribute, exchange, buy, and sell them. In essence, the Efinity network is designed to enable creators, businesses, and game developers to reach a broad audience with their own non-fungible tokens.

Make sure to check out the Efinity token price chart above if you’re interested in the current EFI price.

NFTs on Efinity can be created through the process called “crafting.” When employing his method, the developers need to use “recipes,” which are signed messages generated off-chain. The recipe can be used by anyone who has a copy. Besides that, users can also modify their NFTs by merging them with other NFTs. This is especially useful for gamifying collectibles and making more advanced and rare pieces.

The Story of Efinity

The Efinity crypto project was developed by Enjin, which was founded by Maxim Blagov and Witek Radomski. As mentioned previously, Efinity is a Polkadot parachain, however, it only became one in March 2022, after winning the Polkadot parachain auction in December 2021.

Talking about the founders of Enjin, Maxim Blagov is the CEO of the company. He has a degree in computer science. Besides, Blagov has vast experience in UX and UI design, and he is a specialist in interactive app concept development and strategy in the gaming industry.

Witek Radomski is the CTO of Enjin. He has over a decade of experience in technical engineering. Besides, Radomski developed the ERC-1155 token standard, which is a standard that allows traders to efficiently transfer fungible and non-fungible tokens in a single transaction.

The Features of Efinity

One of the features offered by Efinity that is especially important for a wider NFT adaptation is a cross-chain bridge. It allows users to import NFTs developed on other chains to the Efinity network, and vice versa.

Besides that, there’s an Efinity Swap, which allows users to exchange any paratoken through the use of an automatic conversion mechanism. How does it work? In essence, the mechanism automatically converts one paratoken into another, providing users with a hassle-free token exchange.

But what are paratokens? Since Efinity is a parachain of Polkadot, Enjin developed a new token standard called “paratoken.” Tokens based on this standard are compatible with all Polkadot’s parachains, parathreads, and smart contracts. The Efinity token is also based on the paratoken standard.

It’s also important to note that Efinity employs unique addresses that can be generated and used on the parachain known as “discrete accounts.” They don't have a corresponding private key. Any transaction that is also signed by a wallet that is permitted to use the discrete account can utilize the address of the discrete account.

Fuel Tanks are another type of discrete account that Efinity employs. They are used only for transaction fees though. Developers have the option to lower fees for their users by depositing EFI tokens into a Fuel Tank under their management. Once the tokens are deposited, they cannot be withdrawn.

Lastly, considering Efinity’s transactions, it could be said that the numbers are quite impressive since the network is capable of processing up to 1000 transactions per second. Besides that, Efinity’s transactions have low fees and quick speed. They are handled by collator nodes who are rewarded with EFI tokens for their work. However, security is taken care of by Polkadot's Relay Chain validators, therefore, end-users of Efinity are not required to pay for transaction validation.

Use Cases of Efinity Tokens

As mentioned before, the EFI token is the native paratoken of Efinity. In fact, it’s the first paratoken on the network. If you want to see the current EFI price, don’t forget to take a look at the Efinity token price chart above.

In terms of the use cases of Efinity coins, the following are the main ones:

  • Payment method. EFI tokens are used to cover transaction fees or any other type of payment within the platform.
  • Governance. EFI token holders have the right to influence the development of the Efinity crypto project.
  • Reward tokens. EFI tokens are used to reward members of the Efinity network.
  • NFT management. EFI tokens are used for the development, distribution, and exchange of NFTs.

Besides, it’s important to note that EFI tokens work in unison with ENJ tokens, which are native tokens of the Enjin platform. ENJ tokens are used for infusing NFTs and other digital assets to give them residual value.

Tokenomics of EFI

The max supply of Efinity tokens is 2 billion. 85% of the supply was distributed to the Efinity development team, the Enjin company, investors, and the ecosystem, while the remaining 15% was set aside for staking pools.

If you’re considering investing in Efinity tokens, make sure to check out the EFI price chart that was mentioned before. It’s important to do that because the Efinity token price tends to fluctuate, thus, it would be beneficial to analyze the main patterns in its fluctuations before making any purchase decisions.

What's Efinity Token trading volume in the last 24 hours?

EFI has a trading volume of $0 in the last 24 hours.

What's Efinity Token highest price ever?

EFI has a highest price of $3.37, which was reached on Aug 04, 2021 (2 years 8 months ago).

What's Efinity Token lowest price ever?

EFI has a lowest price of $0.0098, which was reached on Dec 11, 2022 (1 year 4 months ago).

What are the best exchanges for buying and selling EFI?

Currently, the most active and dominating exchanges for buying and selling Efinity Token are Binance, Kraken & Kucoin. The most popular Efinity Token trading pairs are USDC/EFI (on 1inch Liquidity Protocol ), USDT/EFI (on 1inch Liquidity Protocol ), EFI/USDC (on Blockchain.com ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping EFI?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Efinity Token. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Efinity Token project's Circulating Supply has been verified and is equal to:

Circulating Supply

86,915,139 EFI

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of Efinity Token is $0.0985

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