$ 0.0042 USD
$ 0.0042 USD
$ 0.00 0.00 USD
$ 0.00 USD
$ 32,292 USD
$ 32,292 USD
$ 211,621 USD
$ 211,621 USD
0.00 0.00 EFK
Issue Time
2022-10-20
Platform pertained to
--
Current coin price
$0.0042USD
Market Cap
$0.00USD
Volume of Transaction
24h
$32,292USD
Circulating supply
0.00EFK
Volume of Transaction
7d
$211,621USD
Change
24h
0.00%
Number of Markets
3
Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
0.00%
1D
0.00%
1W
0.00%
1M
-10.34%
1Y
-67.99%
All
-97.74%
Aspect | Information |
---|---|
Short Name | EFK |
Full Name | EFK Token |
Founded Year | 2022 |
Main Founders | EFK Team |
Support Exchanges | MEXC, Gate.io |
Storage Wallet | Any ERC-20 compatible wallet, such as MetaMask, Trust Wallet, or Coinbase Wallet |
Customer Support | info@efkplatform.com |
EFK Token, also known as EFK, is a cryptocurrency designed on the principles of blockchain technology. It is the native digital asset of its respective platform which allows for various financial transactions. EFK operates on an independent blockchain network, signifying that it is not affiliated nor dependent on any other digital or traditional currency.
The EFK token follows the fundamentals of cryptocurrencies, allowing peer-to-peer transactions, conducted in a decentralized manner. These transactions can be conducted anywhere across the globe, bypassing the control or intervention of traditional financial institutions. It utilizes cryptographic technology for secure transactions, and the supply of EFK Tokens is controlled by underlying blockchain protocols.
However, just like any other cryptocurrency, EFK is not immune to market volatility. EFK's value can fluctuate significantly in short periods which could entail risks and potential rewards for investors and users. Furthermore, the regulatory scenario of cryptocurrencies remains ambiguous in many jurisdictions worldwide which could impact usage and acceptance of tokens like EFK.
Pros | Cons |
---|---|
Decentralized Transactions | Market Volatility |
Peer-to-peer Transactions | Regulatory Uncertainty |
Global Accessibility | Impact on Environment |
Secure Cryptographic Technology | Potential Risks for Investors |
Over the coming decades, EFK's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.06986 and $0.2993. In 2040, our forecast suggests EFK could reach a peak price of $1.06,with a potential minimum around $0.5807.Looking ahead to 2050, technical analysis indicates that EFK's price could range from $0.001339 to $2.06,with an estimated average trading price of about $1.38.
EFK Token differs from many other cryptocurrencies by utilizing its own independent blockchain network. This makes it unique as it is neither affiliated nor reliant on any other digital or traditional currency, offering an independent platform for conducting transactions. As a completely separate entity, it theoretically provides EFK the potential to establish unique features or applications that are independent of any other currency's influence or intervention, which can be seen as an innovation in the crowded digital currency market.
However, without further specific details on EFK's unique applications or technologies, it's difficult to concretely address how it varies fundamentally from other cryptocurrencies. Like most cryptocurrencies, it utilizes the basic principles of blockchain technology and cryptographic security, providing decentralization, peer-to-peer transactions, and secure, transparent transactions.
It's important to note that while these characteristics may distinguish EFK, they also present similar challenges that other cryptocurrencies face, such as market volatility, regulatory uncertainties, and environmental impact. To fully grasp the specific distinctions and potential advantages of EFK Token, detailed information on its unique technological implementation, adoption, regulations, and market performance would be required.
The circulating supply of EFK Token (EFK) is 100,000,000. This represents approximately 10% of the total supply of 1,000,000,000 EFK tokens. The circulating supply is the number of EFK tokens that are currently in circulation and available for trading or use. The remaining 90% of EFK tokens are currently locked up and not in circulation. These tokens may be released for various purposes, such as future development, marketing, or community rewards.
EFK Token operates on an independent blockchain network. Essentially, each transaction using EFK is recorded on this decentralized, transparent ledger, and updates are made simultaneously across all copies of the ledger on the network. This ensures the transparency and immutability of transactions, minimizing the likelihood of fraud or mismanagement.
In terms of principle, EFK operates on the principles of decentralized, peer-to-peer transactions, as do most cryptocurrencies. When someone carrying out a transaction with EFK initiates the process, the transaction details are bundled with others into a 'block', which is then validated by numerous computers, or 'nodes' on the network. Once the block has been verified as accurate, it is added to the 'chain' of previously verified blocks, providing a transparent and immutable record.
Furthermore, EFK relies on cryptographic technology for secure transactions. The use of cryptography ensures that transaction details can't be altered or tampered with once they're added to the blockchain, providing another layer of security and reliability.
It's important to mention, specific working principles and implementations may vary depending on the unique aspects of EFK's individual blockchain network. Detailed technical knowledge of this specific cryptocurrency would require further information from the developers or an in-depth exploration of its whitepaper, if available.
Here are some of the exchanges where you can buy EFK Token (EFK):
To buy EFK on any of these exchanges, you will need to first create an account and deposit funds into your account. You can then use these funds to buy EFK on the exchange's marketplace.
1. Hardware Wallets: These are physical devices that hold your private keys offline, making them secure from online threats. Examples of hardware wallets are Trezor and Ledger.
2. Software Wallets: These are applications that are either web-based or installed on devices like a desktop, laptop, or smartphone. Some examples are Metamask, MyEtherWallet, or Exodus.
3. Paper Wallets: Essentially, these are printed pieces of paper that contain the keys to your cryptocurrencies.
4. Online Wallets: Particularly common for those who actively trade cryptocurrencies on exchanges. Their convenience comes with a higher degree of risk associated with online phishing attempts and hacks.
5. Mobile Wallets: These are smartphone applications that allow for easy and quick transactions, ideal for everyday use. Examples include Trust Wallet or Coinomi.
Each type of wallet comes with its own factors to consider, such as convenience, security, control, and risk. Generally, hardware wallets are considered the most secure but can be less convenient for frequent traders.
However, before deciding on a wallet for EFK Token, investors and holders are advised to refer to the official website or resources provided by EFK or the wallet providers for accurate and verified storage options.
The decision to purchase EFK Token, or any cryptocurrency, should be based on personal financial goals, risk tolerance, and an understanding of the blockchain technology and cryptocurrency market. Potential investors should conduct thorough research before any investment.
1. Technology Enthusiasts: Those who have an interest in blockchain technology and cryptocurrency might consider investing in EFK. But it's crucial to understand the basic principles of EFK Token and its unique propositions.
2. Investors: Individuals who have a high-risk tolerance and are willing to participate in the potentially volatile cryptocurrency market might look into investing in EFK. The value of the token may fluctuate significantly, therefore it's essential for investors to be prepared for potential losses.
3. Global Transactions: For people who require frequent international transactions, EFK may offer certain advantages such as bypassing traditional banking systems and potentially reducing transaction time.
However, here are a few pieces of advice:
1. Thorough Research: Look into EFK's whitepaper, technical details, development team, historical price data, market trends and the regulatory environment in your jurisdiction.
2. Diversify Investments: Like any investment, to minimize risk it's typically advised to diversify, allocating only a portion of your total investment fund to cryptocurrencies can minimize potential losses.
3. Use Secure Storage: If you decide to buy, a secure wallet for storing your EFK Tokens is necessary. Cold storage or hardware wallets are considered the most secure.
4. Be Aware of the Risks: Investing in cryptocurrencies holds risk, and potential investors should be prepared for possible losses. It's crucial that anyone considering investing in EFK is not investing more than they are willing to lose.
5. Regular Monitoring: The cryptocurrency market changes rapidly, frequent monitoring of the market and updating investment strategies accordingly is crucial.
Note: This response is for informational purposes and should not be considered financial advice. It is always recommended to consult a financial advisor or conduct thorough research before making investment decisions.
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