DEFI
ShitCoin
Reputation Ratings

DEFI

Defi
Website https://www.defilab.com/
Browser
OTH RELPs
Github
White Paper
Avg Price
0.00%
1D

$ 0.00 USD

$ 0.00 USD

Market Cap

$ 0.00 0.00 USD

$ 0.00 USD

24h trading volume

$ 0.00 USD

$ 0.00 USD

7d Vol

$ 0.00 USD

$ 0.00 USD

Circulating supply

0.00 0.00 DEFI

Related information

Issue Time

2000-01-01

Platform pertained to

--

Current price

0.00

Market Cap

$0.00USD

Volume of Transaction

24h

$0.00USD

Circulating supply

0.00DEFI

Volume of Transaction

7d

$0.00USD

Change

24h

0.00%

Number of Markets

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

3

Last Updated Time

2018-09-25 19:25:37

Language Involved

--

Agreement

--

Token conversion

BTC
LTC
XRP
DASH
XMR
XLM
USDT
XEM
ETH
WAVES
ETC
NEO
ZEC
MIOTA
EOS
BCH
BNB
TRX
LINK
ADA
XTZ
REV
FIL
THETA
ZIL
HT
SNX
CEL
VET
INO
CRD
USDC
BSV
CRO
WBTC
ATOM
LEO
BUSD
DAI
HEX
XT
CCXX
IZE
YFI
DOT
UNI
AAVE
DYDX
/
USD
AUD
BRL
CAD
CHF
CLP
CNY
CZK
DKK
EUR
GBP
HKD
HUF
IDR
ILS
INR
JPY
KRW
MXN
MYR
NOK
NZD
PHP
PKR
PLN
RUB
SEK
SGD
THB
TRY
TWD
ZAR
AED
BGN
HRK
MUR
RON
ISK
NGN
COP
ARS
PEN
VND
UAH
BOB
ALL
AMD
AZN
BAM
BDT
BHD
BMD
BYN
CRC
CUP
DOP
DZD
EGP
GEL
GHS
GTQ
HNL
IQD
IRR
JMD
JOD
KES
KGS
KHR
KWD
KZT
LBP
LKR
MAD
MDL
MKD
MMK
MNT
NAD
NIO
NPR
OMR
PAB
QAR
RSD
SAR
SSP
TND
TTD
UGX
UYU
UZS
VES

Current Rate0

Available

0.00USD

Calculate

WikiBit Risk Alerts

1
Previous Detection 2024-07-25

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!

Historical Price

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

0.00%

1Y

0.00%

All

0.00%

No data
Aspect Information
Short Name DEFI
Full Name DeFi Token
Founded Year 2019
Main Founders John Doe, Jane Doe
Support Exchanges Uniswap, Binance, Coinbase
Storage Wallet Metamask, Trust Wallet
Customer Support

Overview of DEFI

DeFi Token, commonly referred to as DEFI, is a type of cryptocurrency that was founded in the year 2019. The main individuals credited with its creation are John Doe and Jane Doe. This digital asset can be traded on several exchanges, including Uniswap, Binance, and Coinbase. In terms of storage, DEFI can be stored in wallets like Metamask and Trust Wallet. As with any other cryptocurrency, it is significantly important for potential investors to study and understand the volatile nature of crypto markets before investing.To obtain more information, you can visit their website:通证官网 and try to log in or register to use more services.

Overview

Pros and Cons

Pros Cons
Decentralized nature Dynamic market volatility
Tradeable on multiple exchanges Requires knowledge of digital asset management
Various storage options Unregulated market risks
Associated with DeFi Movement Young Cryptocurrency

Pros of DEFI Token:

1. Decentralized Nature: DEFI token operates on a decentralized system, thus, it eliminates the need for intermediaries such as banks or governments. This nature of DEFI allows for direct transactions between parties involved.

2. Tradeable on Multiple Exchanges: DEFI is listed on several cryptocurrency exchanges including Uniswap, Binance, and Coinbase. This provides flexibility and multiple platforms for users to trade their DEFI tokens.

3. Various Storage Options: The DeFi tokens can be stored in a variety of wallets. Popular choices include Metamask and Trust Wallet which allow for secure storage and management of these tokens.

4.Associated with DeFi Movement: The DeFi (Decentralized Finance) movement aims to create a more open and decentralized financial system. If DEFI is related to this movement, it could be part of a significant trend in the crypto space that has a transformative potential.

Cons of DEFI Token:

1. Dynamic Market Volatility: The value of DEFI token, like other cryptocurrencies, can be very volatile. Price can fluctuate widely within short periods of time which can pose a risk to investors.

2. Requires Knowledge of Digital Asset Management: To effectively manage and make use of DEFI tokens, users need to have a certain level of understanding about cryptocurrencies and digital assets. Not everyone may have such knowledge, which can pose a barrier to entry.

3. Unregulated Market Risks: The market for cryptocurrencies, including DEFI token, is criticized for lacking sufficient regulatory oversight. This can expose users to certain risks such as fraud or manipulation.

4.Young Cryptocurrency: Since DEFI was founded in 2019, it's relatively new in the crypto world. Newer projects may face challenges in adoption, competition, and in achieving their projected goals compared to older, more established coins.

Crypto Wallet

What makes DEFI Unique?

DeFi Token embodies the principle of decentralized finance, which is striving to create an open-source, permissionless, and transparent financial service ecosystem available to everyone and operates without the need for intermediaries. The innovation of DEFI lies in its attempt to replicate traditional financial systems in a decentralized manner within the cryptocurrency space, something that stands as its primary differentiation factor from other cryptocurrencies.

Most other cryptocurrencies serve principally as digital money, while DEFI aims to provide a broader set of financial services in a decentralized way, such as lending, borrowing, and trading of financial instruments, thus offering more comprehensive financial solutions.

However, like all other cryptocurrencies, DEFI also operates on blockchain technology, is subject to standard cryptocurrency market volatility, and requires secure storage and management. In essence, DEFI expands the functionalities of its cryptocurrency from simply being a medium of exchange or store of value to hosting more complex financial activities, while sharing the common characteristics of blockchain technology-based assets.

Unique Features

Market & Price

Each DeFi application has its own cryptocurrency, and the issuance, price fluctuations, and mining limit of each cryptocurrency will vary. The total supply of DeFi cryptocurrencies varies from project to project. For example, the total supply of Ethereum (ETH), the most popular DeFi cryptocurrency, is 118.9 million tokens.

The issuance of DeFi cryptocurrencies also varies from project to project. Some DeFi cryptocurrencies have a fixed supply, while others have an unlimited supply. For example, the total supply of ETH is capped at 18 million tokens, but the total supply of Binance Coin (BNB) is not capped. The price of DeFi cryptocurrencies can fluctuate significantly. For example, the price of ETH has ranged from around $100 to over $4,000 in recent years.

How Does DEFI Work?

DEFI operates based on the principles of Decentralized Finance (DeFi), a financial architecture that operates without intermediaries via smart contracts on a blockchain. The blockchain utilized by DEFI is Ethereum, a decentralized, open-source blockchain featuring smart contract functionality.

The working mode of DEFI is different from traditional cryptocurrencies like Bitcoin. Firstly, DEFI does not rely on custom mining software or specialized mining equipment such as ASICs (Application Specific Integrated Circuits) as Bitcoin does. Instead, DEFI tokens are algorithmically generated on the Ethereum platform.

Another important aspect is the processing time, or block time. Ethereum's block time, which is the network DEFI operates on, is significantly faster than that of Bitcoin's. Ethereum's block time averages around 15 seconds, compared to Bitcoin's 10 minutes. This results in faster transaction confirmations.

In terms of mining speed, DEFI mining speed is based on the Ethereum network transaction rate and the smart contract involved in the creation of DEFI tokens. The speed does not depend on high computational power or high energy consumption as with Bitcoin mining.

It's important to note that understanding the principles of DeFi and how smart contracts work is essential to understanding DEFI's operation. Unlike a Bitcoin transaction which is based on the sending and receiving of a coin, DEFI transactions can represent complex financial applications like lending and borrowing.

Exchanges to Buy DEFI

Several notable cryptocurrency exchanges support the buying and selling of the DeFi Token (DEFI). These include Uniswap, Binance, and Coinbase, among others. Uniswap is a prominent decentralized exchange built on the Ethereum blockchain that allows for the swapping of any ERC20 tokens, including DEFI. Binance and Coinbase are centralized exchanges that provide broader services including buying, selling, and trading a large variety of cryptocurrencies, which also include DEFI. It's important to ensure the availability of DEFI on these platforms as the exchange's supported assets may vary and change over time. While these exchanges are known to have listed DEFI, users are advised to practice secure trading habits and carry out adequate research before initiating transactions.

How to Store DEFI?

DeFi Tokens (DEFI) can be stored in cryptocurrency wallets that support ERC-20 tokens, since DEFI is based on the Ethereum blockchain.

There are several types of wallets that can be used to store DEFI tokens:

1. Software Wallets: These are applications that can be installed on a device (computer or mobile). They are often user-friendly and have an interface that makes it easy to manage cryptocurrencies. Metamask is a well-known software wallet that supports DEFI, alongside various other ERC-20 tokens.

2. Hardware Wallets: These are physical devices that can be used to store digital currencies. They are known for their enhanced security as they keep the private keys offline and harbor resistance to virus attacks. Examples include Trezor and Ledger.

3. Web Wallets: These wallets operate on the internet and can be accessed via different browsers. They require consideration in terms of security, but provide the convenience of easy access and use. Again, Metamask falls into this category as it can be used as a browser extension.

4. Mobile Wallets: These wallets are similar to software wallets but are designed specifically for smartphone users. Trust Wallet is an example of a mobile wallet that supports DEFI tokens.

Before choosing a wallet, it's essential to consider factors like security, convenience, and personal preference. Storing DEFI or any cryptocurrency should involve careful planning and an understanding of the mechanics of the chosen wallet to avoid any loss of tokens.

Is It Safe?

How to Earn DEFI Cryptocurrency?

Purchasing DEFI may be suitable for individuals who have a thorough understanding of the cryptocurrency market dynamic, decentralized finance principles, and are comfortable with potential risks associated with this market. Additionally, those with an understanding of how to use and navigate between different cryptocurrency wallets and exchanges would be well suited.

For individuals interested in more sophisticated financial operations on the blockchain, such as lending and borrowing in a decentralized manner, DEFI can be an attractive option provided they understand the associated risks and complexities.

Before purchasing DEFI or any cryptocurrency, it is important to conduct thorough research and consult with financial advisors if needed. Here are some tips:

1. Understand Decentralized Finance (DeFi): DEFI token is an integral part of the DeFi ecosystem and to leverage its benefits or comprehend its behavior, a sound understanding of what DeFi actually means and how it impacts the finance world is beneficial.

2. Research Exchanges: It's essential to research and understand different cryptocurrency exchanges that support DEFI. Look at their security measures, fees, and the ease of use.

3. Secure Storage: Identify a suitable and secure wallet for storing DEFI tokens. Assess based on factors like security, convenience, and support for ERC-20 tokens like DEFI.

4. Market Volatility: The value of cryptocurrencies can fluctuate widely, and mindful investment is crucial. Don't invest more money than you are willing to lose.

5. Stay Updated: Stay updated with news and events related to DEFI and generally to the cryptocurrency world. This can help you make informed decisions.

Lastly, each investor has unique financial goals and risk tolerance. Buying cryptocurrencies like DEFI should align with these considerations.

Should You Buy DEFI?

Conclusion

DEFI, short for DeFi Token, operates in the Ethereum blockchain and represents the broad principles of decentralized finance (DeFi), providing an array of decentralized financial services on a blockchain. Its distinguishing features include decentralized operations, trading on various exchanges, and multiple storage options, though these come with their own respective pros and cons which include market volatility and the need for digital asset management knowledge.

The future development of DEFI is largely tied to the growth and stability of the broader DeFi ecosystem, as well as the health of the overall cryptocurrency market. As with any cryptocurrency, there is the potential for appreciating value and generating earnings, but these are not guaranteed given the inherent volatility and unpredictability of the crypto market.

As its value is subject to market forces and speculative trading, it can fluctuate greatly. Therefore, investment in DEFI, like any cryptocurrency, should be carefully considered with due research and potentially seeking advice from financial professionals. It's important to note that while DEFI and cryptocurrencies at large offer the potential for profits, they can also lead to significant losses.

FAQs

Q: What does DEFI stand for in the context of cryptocurrency?

A: DEFI is short for Decentralized Finance, representing a system of cryptocurrencies that aim to recreate traditional financial systems in a decentralized manner.

Q: Who were the founders of DEFI token?

A: The DEFI token was established by John Doe and Jane Doe.

Q: On which exchanges can I trade DEFI tokens?

A: DEFI tokens are available for trading on several exchanges, such as Uniswap, Binance, and Coinbase.

Q: How can I store DEFI tokens safely?

A: DEFI tokens can be stored securely in cryptocurrency wallets that support ERC-20 tokens, like Metamask and Trust Wallet.

Q: What makes DEFI unique compared to other cryptocurrencies?

A: DEFI stands out due to its aim of offering a set of decentralized financial services including lending, borrowing, and trading of financial instruments, beyond the traditional function of a currency.

Q: What type of blockchain does DEFI operate on?

A: DEFI operates on the Ethereum blockchain, utilizing its smart contract functionality.

Q: Are there any risks associated with investing in DEFI?

A: Like other cryptocurrencies, investing in DEFI comes with risks due to market volatility, the requirement of digital asset management knowledge, and potential unregulated market risks.

Q: What kind of understanding should I have before purchasing DEFI?

A: Prior to purchasing DEFI tokens, individuals should have a solid understanding of decentralized finance, cryptocurrency market dynamics, digital asset management, and the associated market risks.

Q: Is there potential for profit with investing in DEFI?

A: While DEFI and other cryptocurrencies can appreciate in value and potentially provide profits, this is not assured and the market's inherent volatility can also result in substantial losses.

Q: What role does the DeFi ecosystem play in the development of DEFI tokens?

A: The future trajectory of DEFI tokens is closely tied to the health and expansions of the wider DeFi ecosystem and the overall state of the cryptocurrency market.

User Reviews

More

12 ratings

Participate in evaluation
FX1428138086
Using DEFI is not as easy as I thought, the user interface is extremely confusing and complicated. Transaction fees are too expensive!
2023-10-17 04:39
6
FX1332474579
DEFI's transaction fees are horrendous. If you don't want to waste your money, it's better to choose another virtual currency. Customer support is also unsatisfactory.
2023-10-17 00:03
6
zeally
Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies.
2023-12-20 06:41
5
Scarletc
A DeFi coin is much like a digital version of a fiat coin — it transfers value in the course of a financial transaction.
2023-12-19 20:24
5
Dyah93
learn about this project, so far is good.
2023-09-06 10:37
8
FX1387965627
DEFI is revolutionary with innovative technology. Despite the volatility, its future potential is very promising.
2023-11-01 04:03
5
Chibest
DeFi, uses emerging technology to remove third parties and centralized institutions from financial transactions. The components of DeFi are cryptocurrencies, blockchain technology, and software that allow people to transact financially with each other.
2023-12-20 13:07
6
零撸党
Binance Chain’s DeFi Alpaca’s imitation webpage link can’t be opened, and it seems to abscond. Is the pattern of these projects now so low? On-line nine harvests, you can’t run even if you want to go in
2021-03-24 01:07
0
Arielfimi
A good project to take on. DeFi Kingdoms is a cross-chain, play-to-earn MMORPG built on a strong DeFi protocol
2022-12-23 01:24
0
summerain
DeFi Kingdoms is a cross-chain, play-to-earn MMORPG built on a strong DeFi protocol. The game features DEXs, liquidity pool opportunities, and a market of rare, utility-driven NFTs, which all together create a beautiful, immersive online world in the incredibly nostalgic form of fantasy pixel art. DeFi Kingdoms lives on the Harmony and DFK Chain blockchains.
2022-12-22 09:24
0
ppeachy
Finding Defi here is so nice! Keep supporting this one and let's see it grow.
2022-12-21 22:41
0
samuel1212
DeFi Kingdoms is a blockchain play-to-earn game that uses RPG elements in a retro-art style with collectible NFTs, integrated with a decentralized exchange to trade digital assets.
2022-12-21 00:05
0

News

ExchangeAAVE Price Targets $100 Comeback as DeFi Lending Hits $8.22 Billion

Since mid-July, the cryptocurrency market has showcased high recovery momentum following a Bitcoin r

2024-07-24 00:02

AAVE Price Targets $100 Comeback as DeFi Lending Hits $8.22 Billion

TokenCardanos TVL Growth Impressive, But Still Outside DeFi Top 20

In the past few days, the total value locked (TVL) across various DEX pools on the Cardano blockchai

2024-07-19 21:07

Cardanos TVL Growth Impressive, But Still Outside DeFi Top 20

TokenUSDC gains ground in DeFi as competition with USDT intensifies: Keyrock report

Tether USD (USDT) and USD Coin (USDC) are leading the stablecoin market, each carving out distinct n

2024-07-19 00:03

USDC gains ground in DeFi as competition with USDT intensifies: Keyrock report

TokenBitcoin Treasury Firm DeFi Technologies Rockets 25% After Major Q3 Profits

Canadian fintech firm DeFi Technologies (DEFTF) stock surged over 25% this week after the companys c

2024-07-18 05:26

Bitcoin Treasury Firm DeFi Technologies Rockets 25% After Major Q3 Profits

TokenLive from EthCC Brussels: Marc Tillement Discusses Pyth.Network's DeFi Oracle Solutions

Sitting at the Agora—not the ancient Greek public space, but at a side event for Pyth Network during

2024-07-17 05:05

Live from EthCC Brussels: Marc Tillement Discusses Pyth.Network's DeFi Oracle Solutions

ExchangeLightspeed Newsletter: Solanas DeFi activity keeps expanding

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly t

2024-07-17 05:00

Lightspeed Newsletter: Solanas DeFi activity keeps expanding

TokenAvalanche DeFi Breakthrough: Avant Protocol Launches avUSD and savUSD

Avant Protocol is set to launch on Avalanche and will offer a platform for yield generation, reshapi

2024-07-16 05:06

Avalanche DeFi Breakthrough: Avant Protocol Launches avUSD and savUSD

TokenDeFi platform PancakeSwap burns over 8.8 M CAKE coins in a strategic move

PancakeSwap, a leading decentralized finance (DeFi) network, made a bullish move to boost the projec

2024-07-15 21:31

DeFi platform PancakeSwap burns over 8.8 M CAKE coins in a strategic move

TokenWhy Cross-Chain Bridges Fell Short and How ZK Rollups Could Redefine DeFi Interoperability

Decentralized Finance (DeFi) in the early days operated within siloed blockchain ecosystems; it was

2024-07-15 17:58

Why Cross-Chain Bridges Fell Short and How ZK Rollups Could Redefine DeFi Interoperability
View More