Efinity Token

Halal Rating :
Comfortable
Last Price $0.092 Last updated:
Rank 1191
1D Change -0.21 %
Market Cap $8.0m
Circulating supply 86,915,139
Maximum supply 2,000,000,000

Crypto Overview

Categories
  • Collectibles & NFTs
  • Gaming
  • Ethereum Ecosystem
  • Metaverse
  • OKX Ventures Portfolio

Purpose and Utility

Efinity Token (EFI) is the native token of the Efinity blockchain, a Polkadot parachain designed specifically for NFTs. Developed by Enjin, Efinity aims to provide a scalable, user-friendly infrastructure for NFT transactions and applications. The token serves multiple utilities including governance rights, transaction fee payments, liquidity provision, and NFT marketplace operations.

Business Model Assessment

The business model focuses on providing infrastructure for NFT creation, trading, and management. The platform enables legitimate digital asset ownership and transfer, with clear transparency in operations. The core functionalities do not involve prohibited activities like interest-based lending or gambling.

Real-World Adoption

Efinity has established partnerships with various gaming and NFT projects. The platform maintains active development and community engagement, though adoption remains in early stages. The token is actively used for its intended purposes within the Efinity ecosystem, particularly for governance and transaction fee payments.

Platform Development

Development activity is ongoing, with regular updates and improvements to the platform. The project maintains an active GitHub repository and developer documentation. The team consistently delivers on roadmap milestones, indicating genuine effort in building the promised technology.

Token Distribution

The token distribution includes allocations for ecosystem development, team members, and public sale participants. Vesting schedules are in place for team and advisor tokens, demonstrating commitment to long-term development. The distribution model appears designed for sustainable ecosystem growth rather than quick profit-taking.

Rating Justification

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