Efinity is a next-generation blockchain platform launched on June 17, 2021, designed by Enjin to revolutionize the NFT and blockchain gaming space. Built on the Polkadot blockchain protocol, its mission is to provide a scalable, fast, and eco-friendly network for minting, storing, and trading NFTs. Efinity aims to empower developers, gamers, and investors by creating an interoperable ecosystem that supports digital assets seamlessly across different platforms.
With a focus on sustainability, low transaction costs, and high throughput, Efinity strives to solve traditional blockchain limitations such as congestion and high gas fees often experienced by Ethereum-based projects. The project aligns with broader Web3 goals, enabling wider adoption of crypto collectibles and decentralized finance solutions.
Official website: https://efinity.io | Whitepaper PDF: Download Here
Efinity Crypto Project Current Price Data
Note: Live price data changes frequently. Please refer to trusted crypto exchanges for updated details.
| # | Metric | Value | Remarks |
|---|
| 1 | Coin Name | Efinity | Native token of Efinity blockchain |
|---|
| 2 | Symbol | EFI | Trading and utility symbol |
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| 3 | Launch Date | June 17, 2021 | Official mainnet launch |
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| 4 | Blockchain Protocol | Polkadot Parachain | Secure and interoperable base |
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| 5 | Current Price | See real-time exchange listings | Dependent on market conditions |
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Efinity Blockchain Technology Specifications
Efinity leverages the Polkadot ecosystem as a parachain, allowing high scalability and cross-chain interoperability, essential for NFT marketplaces and gaming platforms. The blockchain uses a nominated proof-of-stake (NPoS) consensus ensuring energy efficiency and security.
Key technical features include:
- High throughput supporting thousands of transactions per second.
- Low transaction fees optimized for NFT minting and trading.
- Cross-chain compatibility allowing NFTs from Ethereum, Binance Smart Chain, and other blockchains.
- Support for fungible and non-fungible tokens with inclusive standards tailored to gaming industries.
Efinity Tokenomics Explained
The EFI token fuels the Efinity ecosystem and is used for transaction fees, governance, staking, and incentivization. The total supply is capped to ensure scarcity and value stability.
Token distribution highlights:
- 60% allocated for ecosystem growth and staking rewards.
- 20% reserved for the development team and advisors.
- 15% for strategic partners and early investors.
- 5% for community incentives and marketing.
Meet the Efinity Crypto Team
Efinity is developed by Enjin, a reputable blockchain gaming firm founded by Maxim Blagov and Witek Radomski, both blockchain and gaming veterans.
The team comprises blockchain developers, game designers, marketing experts, and advisors committed to building a decentralized NFT future.
Efinity Crypto Use Cases and Applications
Efinity is primarily designed for NFT issuance, trading, and integration within game ecosystems. Its core use cases include:
- NFT marketplace creation with seamless cross-chain interactions.
- In-game asset tokenization and decentralized ownership for gamers.
- Staking and yield farming options for EFI token holders.
- Enterprise adoption for digital collectibles and metaverse projects.
Efinity Exchange Listings and Trading Platforms
EFI tokens are listed on multiple leading cryptocurrency exchanges ensuring liquidity and trading accessibility, including:
- Binance
- KuCoin
- Gate.io
- Uniswap (for decentralized trading)
Efinity Wallet and Storage Options
Users can store EFI tokens safely via:
- Enjin Wallet – an official mobile wallet supporting EFI and NFTs.
- Hardware wallets such as Ledger and Trezor.
- Polkadot.js extension for browser management.
Market Analysis of Efinity Token
EFI shows promising growth potential driven by NFT market expansion and blockchain gaming trends. It has competitive advantages in scalability and interoperability versus other NFT platforms.
Risks include overall crypto market volatility and adoption speed of Polkadot technology.
Latest News on Efinity Crypto Project
- April 2024: Partnership announced with major gaming studio for NFT integration.
- March 2024: Launch of new staking rewards program.
- February 2024: Release of upgraded smart contract utilities enhancing developer experience.
Educational Content for Efinity Users
Efinity offers comprehensive learning resources on blockchain wallet usage, NFT minting tutorials, and investment safety guides available on the official website and community channels.
Efinity FAQs
What is the Efinity crypto project?Efinity is a blockchain platform specializing in NFTs and gaming, built on Polkadot to provide scalable, low-cost, and interoperable digital asset solutions.
How can I securely store EFI tokens?EFI tokens can be stored in Enjin Wallet, hardware wallets like Ledger, or Polkadot.js browser extension for enhanced security.
Where can I buy and trade Efinity tokens?EFI is available on major exchanges like Binance, KuCoin, Gate.io, and decentralized platforms such as Uniswap.
Is investing in Efinity safe?While Efinity has strong technology and community backing, always perform your own research (DYOR) and consider market risks.
Who develops and manages the Efinity cryptocurrency?Efinity is developed by Enjin, a reputable blockchain gaming company with a skilled team focused on NFT ecosystems.
Efinity Investor & User Reviews
Based on user feedback, Efinity has an average rating of 4.4 stars, reflecting satisfaction with its technology and ecosystem growth.
- Sarah W. (Rating: 5): "Efinity’s fast transactions and low fees make NFT gaming seamless. Highly recommend for developers too!"
- Jason T. (Rating: 4): "Promising project with real use cases. Hope to see more exchange listings soon."
- Linda M. (Rating: 5): "The Enjin Wallet integration is a game changer for securely managing my tokens and NFTs."
- David K. (Rating: 4): "Good project fundamentals but the market is competitive. Worth watching closely."
- Amy R. (Rating: 4): "Innovative NFT blockchain with strong community and technical support."
Pros and Cons of Efinity Crypto Project
Pros:
- High scalability backed by Polkadot parachain.
- Low transaction fees optimized for NFT gamers and creators.
- Strong interoperability supporting cross-chain NFTs.
- Experienced team and solid partnerships.
Cons:
- Relatively new project with evolving ecosystem.
- Market adoption depends on wider Polkadot success.
- Competes with multiple other NFT blockchains.
Tips for Efinity Users & Investors
- Always use official wallets like Enjin Wallet or trusted hardware wallets for storing EFI and NFTs.
- Stay updated on partnerships and exchange listings via official channels.
- Practice sound portfolio management and diversify investments.
- Engage with the community to maximize project insights and opportunities.
Clipstrust Expert Note from Team
Efinity represents a significant step forward in NFT blockchain development thanks to its Polkadot integration and scalable infrastructure. Clipstrust rates Efinity as a trustworthy project with strong fundamentals and excellent community engagement. Investors and users should perform their own research but can confidently consider Efinity a valuable crypto asset in the gaming and NFT space.
Clipstrust collects authentic reviews and ratings to aid users in making knowledgeable decisions. If you find this information useful, please share your review on Clipstrust.
ClipsTrust Expert Note
Efinity demonstrates a modern approach to blockchain gaming and digital collectibles with reliable technology and growing market presence. Its eco-friendly design and interoperability give it a competitive edge. Clipstrust emphasizes its authenticity and reliability as part of the emerging NFT ecosystem.
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