$ 0.005254 USD
$ 0.005254 USD
$ 43.416 million USD
$ 43.416m USD
$ 60.52 USD
$ 60.52 USD
$ 3,615.93 USD
$ 3,615.93 USD
0.00 0.00 MFT
Issue Time
2018-07-06
Platform pertained to
--
Current coin price
$0.005254USD
Market Cap
$43.416mUSD
Volume of Transaction
24h
$60.52USD
Circulating supply
0.00MFT
Volume of Transaction
7d
$3,615.93USD
Change
24h
+0.67%
Number of Markets
49
More
Warehouse
Andres Toomsalu
Github's IP Address
[Copy]
Codebase Size
13
Last Updated Time
2020-11-06 19:41:52
Language Involved
--
Agreement
--
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
+0.51%
1D
+0.67%
1W
+3.44%
1M
-25.76%
1Y
-44.75%
All
+341.14%
Aspect | Information |
Short Name | HIFI |
Full Name | Hifi Finance |
Founded | 2017 |
Main Founders | Mick Hagen, Doug Leonard |
Support Exchanges | Binance, Upbit, KuCoin, Gate.io, HTX, MEXC, Bitget, Tokocrypto, BingX, LBank |
Storage Wallets | Coinbase Wallet, Ledger, MetaMask |
Customer Support | Twitter, Discord, Forum |
Founded in 2017 by Mick Hagen and Doug Leonard, HIFI (Hifi Finance), formerly (Mainframe, MFT) is an ERC-20 token that offers users the ability to borrow against a diverse array of tokenized assets, ranging from cryptocurrencies to real-world assets like commercial real estate. This innovative model promises to unlock vast untapped value and broaden access to financial services on blockchain platforms.
At the core of HIFI's mission is the vision of tokenizing every major asset class, representing a monumental leap forward in the integration of traditional finance with blockchain technology. By allowing individuals to leverage their assets as collateral for borrowing, HIFI introduces a new level of flexibility and liquidity to the DeFi landscape. HIFI's platform features fixed-rate borrowing, providing users with predictability and stability in their financial transactions. This framework enhances the reliability of DeFi lending, setting a new standard for transparency and trust in the industry.
Pros | Cons |
Asset Tokenization | Market Volatility |
Diverse Borrowing Options | Limited Adoption |
Predictable Borrowing | Competitive Environment |
Innovation in DeFi |
Over the coming decades, HIFI's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.4838 and $4.01.In 2040, our forecast suggests HIFI could reach a peak price of $5.96,with a potential minimum around $0.4948.Looking ahead to 2050, technical analysis indicates that HIFI's price could range from $0.4494 to $7.90,with an estimated average trading price of about $5.83.
HIFI stands out in the decentralized finance (DeFi) sector by offering a unique blend of asset tokenization and borrowing capabilities. Unlike many platforms that focus solely on cryptocurrency collateral, HIFI enables users to tokenize a wide array of assets, including real-world assets like commercial real estate and even performance horses. This innovation opens up previously untapped liquidity avenues, allowing individuals to leverage their diverse assets for borrowing purposes.
One of HIFI's standout features is its fixed-rate borrowing model, which brings predictability and stability to DeFi transactions. By offering fixed interest rates, HIFI eliminates the uncertainty often associated with variable-rate loans, providing users with greater confidence in their financial decisions. This reliability enhances trust and transparency within the platform, setting a new standard for decentralized lending protocols.
HIFI operates by allowing users to tokenize assets, such as cryptocurrencies and real-world assets. These assets serve as collateral for borrowing funds through fixed-rate loans. Borrowers repay loans with accrued interest, contributing to a self-sustaining liquidity pool. Governance is decentralized, with the community making decisions. Overall, HIFI provides flexibility, stability, and community-driven finance on blockchain platforms.
Binance: Binance is one of the largest and most popular cryptocurrency exchanges globally. It offers a wide range of trading pairs and features for both beginner and advanced traders. See this link for details on how to buy HIFI: https://www.binance.com/en/how-to-buy/hifi-finance-new.
Step 1: Create an Account: Sign up on Binance's website or app and complete the verification process.
Step 2: Choose the Buying Method: Visit the “Buy Crypto” section and select HIFI. You can buy it using a debit/credit card, Google Pay, Apple Pay, or third-party payment channels.
Step 3: Purchase HIFI: Follow the prompts to select HIFI and your preferred payment method.
Step 4: Check Details and Fees: Review payment details and associated fees. Confirm your order within the given time limit.
Step 5: Store or Use HIFI: Once purchased, HIFI tokens will appear in your Binance Spot Wallet. You can store them, trade them for other cryptos, or stake them for passive income.
KuCoin: KuCoin is a global cryptocurrency exchange that provides a wide range of digital assets for trading. It's known for its extensive selection of tokens and competitive trading fees. See this link for details on how to buy HIFI: https://www.kucoin.com/how-to-buy/mft.
Step 1: Create an account: Sign up for an account on KuCoin. Enter your information and set a secure password. Enable 2FA for added security.
Step 2: Verify your identity: Complete the KYC verification process as required by the exchange.
Step 3: Add a payment method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method.
Step 4: Buy HIFI: Once your account is set up and verified, you can proceed to buy HIFI.
Upbit: Upbit is a South Korean cryptocurrency exchange known for its strong security measures and user-friendly interface. It offers a variety of cryptocurrencies for trading, including HIFI.
Gate.io: Gate.io is a cryptocurrency exchange that offers a user-friendly platform and a wide range of trading pairs. It provides advanced trading features and has a strong focus on security.
HTX: HTX is a cryptocurrency exchange that offers trading services for various digital assets, including HIFI. It provides a straightforward trading experience for users.
MEXC: Formerly known as MXC Exchange, MEXC is a cryptocurrency trading platform that offers a diverse range of tokens for trading. It's known for its strong community and extensive token listings.
Bitget: Bitget is a cryptocurrency derivatives trading platform that offers features like futures trading, perpetual contracts, and options trading. It provides access to HIFI and other digital assets.
Tokocrypto: Tokocrypto is a cryptocurrency exchange based in Indonesia. It offers trading services for a variety of cryptocurrencies, including HIFI, and aims to cater to the Indonesian market.
BingX: BingX is a cryptocurrency exchange that offers trading services for various digital assets. It provides a user-friendly platform and access to a wide range of trading pairs, including HIFI.
LBank: LBank is a cryptocurrency exchange that offers trading services for a wide range of digital assets, including HIFI. It provides liquidity and trading opportunities for users worldwide.
Coinbase Wallet: Coinbase Wallet is a mobile wallet that allows you to store various cryptocurrencies, including HIFI tokens, on your smartphone. It provides users with full control over their private keys and offers features like multi-coin support and an easy-to-use interface.
Ledger: Ledger offers hardware wallets that provide secure offline storage for your HIFI tokens. Ledger wallets are considered one of the most secure options available, as they store your private keys offline, away from potential online threats.
MetaMask: MetaMask is a popular Ethereum wallet that allows you to store HIFI tokens and other ERC-20 tokens. It is a browser extension wallet that offers features like easy token management, decentralized application (DApp) support, and integration with various Ethereum-based platforms.
The Hifi Finance protocol leverages smart contracts, which are essentially automated programs that run on the blockchain. These smart contracts can be very secure if they're properly audited by independent security experts. This audit helps identify and fix any potential weaknesses or vulnerabilities that hackers could exploit to steal funds.
Additionally, the security of your HIFI tokens hinges entirely on how you choose to store them. Considered the most secure option, hardware wallets store your HIFI tokens offline, essentially cutting them off from the internet and making them much less vulnerable to hacking attempts. These physical devices resemble USB drives and offer the strongest layer of protection for your cryptocurrency holdings.
Staking HIFI Tokens:
Lock up your existing HIFI tokens in a smart contract for a set period. By contributing to the security and liquidity of the Hifi network, you earn rewards in the form of additional HIFI tokens.
Participating in the Hifi Ecosystem Activities:
The Hifi ecosystem offers various functionalities beyond just the core lending protocol. You can provide liquidity on pooled NFT: This involves contributing your cryptocurrency holdings to liquidity pools specifically designed for NFTs within the Pooled NFT project. In return for supplying liquidity, you will receive a portion of the trading fees generated on those pools.
Additionally, if you hold a significant amount of HIFI tokens, you can be eligible to participate in the governance process of the Hifi Finance protocol. Voting on proposals that shape the future of the project could earn you rewards for your contribution.
5 ratings