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View ChartEfinity Token (EFI) is the native utility and governance token of Efinity, a next-generation blockchain purpose-built for non-fungible tokens (NFTs) and developed by the Enjin team. Efinity is positioned as a cross-chain NFT blockchain, often described as a "token highway" rather than a general-purpose computing network. Its core focus is token generation, transfers, and purchases, using inter-chain protocol infrastructure designed to reduce transaction fees and simplify the NFT experience for mainstream audiences.
The network operates on the Ethereum platform as an ERC-20 token and is developed as a parachain on Polkadot, built in partnership with Parity Technologies and the Web3 Foundation. Efinity is designed to be environmentally friendly, scalable, and suitable for games, apps, enterprises, and creators. Transactions are confirmed in approximately 6 seconds and scale to around 1,000 TPS, compared with the Ethereum network's roughly 15 TPS.
EFI is a deflationary token with a total and maximum supply of 2,000,000,000 EFI. The circulating supply stands at approximately 86.9 million EFI, representing roughly 4.35% of the total supply. The project launched in 2021 and has since migrated to the Enjin Blockchain.
Efinity was developed by the Enjin team, a project that pioneered the NFT industry in 2017 by authoring the ERC-1155 token standard and launching the first NFT creation platform. The project is associated with several co-founders. Maxim Blagov serves as CEO and is a co-founder of Enjin, having graduated with a bachelor's degree in computer science. Witek Radomski serves as CTO and is a co-founder of Enjin, and he participated in an event tied to the EFI launch. Oscar Franklin Tan and Caleb Applegate are also listed as co-founders of Efinity.
Efinity was co-founded by Maxim Blagov, Witek Radomski, Oscar Franklin Tan, and Caleb Applegate. The project was built on Polkadot in partnership with Parity Technologies and the Web3 Foundation.
Efinity operates as a Polkadot-based fourth-generation blockchain that unites NFT creators, traders, and collectors in a secure and responsive environment. Its design simplifies the most common NFT processes, such as creation and transfer, while addressing issues like high fees and developer restrictions. The platform's universal smart contract framework ensures efficient execution of contracts within the Polkadot ecosystem, enabling developers to create diverse decentralized applications across various parachains.
Interoperability is a key feature of Efinity. Through advanced cross-chain bridge protocols, the network allows seamless communication and value transfer between different blockchain networks, making Efinity a hub for a wide range of digital assets. The Efinity Marketplace serves as a central point for trading tokens and NFTs, fostering a community of users who can also participate in the network's governance.
Efinity's network fees, marketplace commissions, cross-chain bridging tolls, and smart contract fees go toward yield that can be earned by staking and infusing Enjin Coin (ENJ) and by participating in trading and discovering NFTs. ENJ allows any user to nominate the most efficient collator nodes that run the Efinity blockchain. The network also features transaction fee delegation, smart contracts, fuel tanks, crafting, discrete accounts, instant swaps, native multisig, price discovery, cross-chain marketplaces, and an NFT launchpad.
Efinity's primary differentiation lies in its specialization. Rather than serving as a general-purpose computing blockchain, Efinity is designed as an NFT highway that prioritizes token generation, transfers, and purchases. This focus allows the network to reduce transaction fees and simplify the user experience, removing barriers to entry into the decentralized NFT and gaming space.
The project benefits from Enjin's deep history in the NFT sector, including authoring the ERC-1155 standard and launching the first NFT creation platform in 2017. Efinity's partnership with Parity Technologies and the Web3 Foundation, along with its construction as a Polkadot parachain, provides access to a fully decentralized network that addresses interoperability, scalability, speed, security, privacy, developability, and governance.
One of Efinity's long-term goals is to become a hub for both fungible and non-fungible tokens, accepting tokens from any other blockchain, facilitating NFT pricing and exchange, increasing transaction volume, and creating a network effect. The platform aims to enable NFTs to be utilized by virtually any industry, unlocking trillions of dollars in currently illiquid and unique real-world and digital assets.
EFI is the primary utility token of the Efinity network and is used for a range of purposes. It is used to pay transaction fees, purchase assets, stake for rewards, and participate in governance. EFI tokens are distributed to reward network participants for their contributions to network maintenance, transaction processing, and development.
Governance is a core function of EFI. The token features community governance that allows EFI holders to submit and vote on proposals to steer the future of the network. Staking EFI tokens offers passive income opportunities for holders.
EFI is also designed to be a core utility of NFT.io, a next-generation multi-chain NFT launchpad and marketplace. Earned EFI is required to farm exclusive NFTs and participate in the NFT.io ecosystem. Additionally, EFI is used to facilitate liquidity within the network.
The Efinity ecosystem centers on several key components. NFT.io is a next-generation multi-chain NFT launchpad and marketplace in which EFI serves as a core utility. The Efinity Marketplace acts as a central point for trading tokens and NFTs. Enjin Coin (ENJ) is a critical part of the solution, allowing any user to nominate the most efficient collator nodes that run the Efinity blockchain.
The project has achieved several notable milestones. In December 2021, Efinity won the Polkadot parachain auction. In March 2022, Enjin launched its flagship parachain, Efinity, on the Polkadot Relay Chain. On August 10, 2022, the Efinity (EFI) token launched on additional platforms. The project has since migrated to the Enjin Blockchain.
Efinity's target users include games, apps, enterprises, and creators, as well as NFT creators, traders, and collectors. The platform features cross-chain marketplaces and an NFT launchpad as part of its ecosystem development.
Efinity Token is not mined through traditional proof-of-work mining. Instead, EFI holders can earn rewards through staking, which offers passive income opportunities. The network's yield is generated from network fees, marketplace commissions, cross-chain bridging tolls, and smart contract fees.
Participants can earn yield by staking and infusing Enjin Coin (ENJ) and by participating in trading and discovering NFTs. ENJ allows any user to nominate the most efficient collator nodes that run the Efinity blockchain. EFI tokens are distributed to reward network participants for their contributions to network maintenance, transaction processing, and development.
The Efinity network itself is secured and operated by collator nodes on the Polkadot Relay Chain, with ENJ holders playing a role in nominating efficient collators.
Keeping EFI tokens safe requires standard cryptocurrency security practices. Because EFI is an ERC-20 token on Ethereum, it can be stored in wallets that support the ERC-20 standard. Users should always verify the official contract address, 0x656C00e1BcD96f256F224AD9112FF426Ef053733, when adding the token to a wallet or interacting with it.
Hardware wallets provide an additional layer of security by keeping private keys offline. Users should never share their private keys or seed phrases with anyone. When interacting with the Efinity Marketplace or NFT.io, users should ensure they are using official websites and verified links.
Participation in the original CoinList token sale required completion of KYC/AML checks, reflecting the project's compliance-oriented approach. As with any digital asset, users should be aware of market risks, including significant price volatility, and should only invest amounts they are prepared to lose.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for EFI are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Efinity Token (EFI) is $0.00491. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated EFI to USD rate at the top of BTCC’s price page. In terms of market scope, Efinity Token records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $426.736463K. Its current circulating supply stands at 86.92M out of a maximum supply cap of 2B.
The price volatility of Efinity Token (EFI) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (86.92M) to max supply (2B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Efinity Token (EFI) hit an all-time high (ATH) of $3.367137 on 2021-08-04 15:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.002828 on 2026-09-09 16:40. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading EFI futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s EFIUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Efinity Token, simply log into your BTCC account with USDT margin available, navigate to the EFIUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for EFIUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.00491), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for EFIUSDT with zero financial risk.
Trading Efinity Token (EFI) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for EFIUSDT, and review its live price ($0.00491) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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