Efinity is a blockchain that is specially designed for better NFT experience with low transaction fees, incentives for network participants, and a hub for all fungible and non-fungible tokens. The blockchain is developed by the Enjin team and runs as a parachain of Polkadot.
Efinity was founded in 2009 as a gaming company and entered the blockchain industry in 2017. The Efinity blockchain was launched in 2022.
Efinity is a parachain on Polkadot, so it uses Polkadot Relay Chain validators for its consensus, allowing for an independent economic framework, data, and state. Efinity allows developers to write and deploy contracts using Ink!, and Paratokens on Efinity may move between parachains on Polkadot and Kusama using Direct XCMP. Being on Polkadot also allows Efinity to inherit the interoperability of the former chain, making it easier to transfer NFT across different blockchains.
Efinity Token (EFI) is the native token of Efinity. It can be used to pay transaction fees, incentivize validators, and participate in network governance
EFI's total supply: 2,000,000,000
EFI's circulating supply: 620,948,399
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