Efinity Token update: EFI Live price, price chart, news and markets

The EFI price update as of now is $0.03516. In the previous 24 hours, its trading volume was $956, and its value has increased by 0.17%. As of now, EFI's live market cap is $70,312,032, and it is ranked as the #1381 on the Coincu. EFI has a circulating supply of 2,000,000,000 and a maximum supply of 2,000,000,000.

Efinity Token: An Introduction Efinity Token is a specialized Smart contract platform developed for NFTs (Non-fungible Tokens). It is constructed using the Polkadot Substrates framework and aims to function as a Parachain of the Network. In this section, we will explore the various functionalities offered by Efinity Token, including Swap, Crafting, Marketplace, and Cross-Chain Bridge. Efinity Token Parachain Efinity Token is being developed on the Polkadot platform through a collaboration with Enjin, the web3 platform. The Efinity blockchain operates as a parachain and depends on the Polkadot Relay Chain validator for achieving consensus. This setup enables Efinity Token to have its own separate state, data, and economic framework. The responsibility for executing transactions on the Efinity parachain and EFI payment network lies with Efinity Collator Nodes. However, the security aspect is managed by the validator of Polkadot's relay Chain, eliminating the need for end users of Efinity to bear the cost of authentication. Enjin's existing Ethereum-based platform will continue to be developed, and cross-chain bridges will be established to ensure seamless compatibility with the entire Ethereum ecosystem. Cross-Chain Bridge for Efinity Token Efinity Token enables the connection of tokens created on other chains, such as ERC-20, ERC-721, and ERC-1155 on Ethereum, through a bridge mechanism. Efinity Token Marketplace Efinity Token offers a comprehensive set of tools for buyers and sellers to create and fulfill orders for any token. This functionality supports the development of third-party applications that utilize Efinity Token for transferring NFTs to other blockchains, including blockchain-based games on different networks and NFT marketplaces. Key Features of Efinity Token (EFI) - Efinity Swap: Efinity Swap serves as an Automated Market Maker (AMM) that enables the swapping of native tokens of Parachains within the Polkadot network. - Crafting: The Crafting feature allows for the modification of existing tokens or the creation of new tokens through specific recipes, similar to a crafting feature in gaming. - Marketplace: Efinity Token provides powerful trading tools for buyers and sellers of NFTs, akin to popular NFT marketplaces such as Opensea on Ethereum. - Cross-Chain Bridge: Through the bridge mechanism between Ethereum and Efinity Token, NFTs on Ethereum can be migrated to Efinity Token using Wrapped tokens. Roadmap for Efinity Token Phase 1 - EFI Token launch - Jumpnet with ERC-1155 and ERC-20 bridge - Early Adoption Staking - Private Sale - Public Sale - Paratoken Standard Phase 2 - Discrete Accounts - EFI Network Fees & Pools - Collator Node Staking - Multisig Transactions - Polkadot Bridge - Fuel Tanks Phase 3 - On-chain Marketplace - Crafting - Governance - Treasury Pool - Smart Contracts Click Here