Efinity — a next generation blockchain for digital assets, built on Polkadot.
Contents:
About the Efinity project
Companies and developers need a platform that can provide modern, mainstream and developer-friendly NFT capabilities. The creators are forced to work with horrendous fees, inflexible smart contracts and incoherent interoperability. The blockchains, where the non-fungible tokens live do not give actual users any incentive (other than price increases) because miners are given the full share of the generated tokens. Blockchains like Ethereum have become expensive. The average user can pay $ 7 to move one token. Efinity's goal - to become an NFT backbone, not a general computing blockchain. Token creation, transfers and purchases - a priority of the network.
Efinity will be the hub for all fungible and non-fungible tokens. The Paratoken standard accepts tokens from any other chain, including the popular ERC-721, ERC-1155 and ERC-20 standards. A network that addresses the challenge of simplifying the pricing and exchange of NFTs will naturally gain traction because it will create network
Tokenomics of the project:
| 1 | The total amount of EFI - 2,000,000,000 tokens. |
| 2 | 15% of the total supply is reserved for nominators and pools. These tokens are provided as a reward for work during the first 8-10 years. |
| 3 | The private sale consists of 300,000,000 EFIs, divided into three rounds. |
Efinity compensates the costs of network participants with an EFI token.
More about Dapp
There is no WhitePaper document on the site. Instead, there is an "About" section. The RoadMap has been marked for future updates. From social networks, the community maintains only a telegram channel.