The purpose of Coinflect is to create a safe place and let the traders rely on various blockchains and expand portfolios. Also, the platform seeks to enable the user to make smart investments and earn passive income. Here the developers can create their staking pair, giving more chances to the holders to claim extra rewards. The platform generates more reach and adds more utility for the new projects. To be the trusted platform for DeFi staking, Coinflect employs various methods. Marketing maintains the token visibility by onboarding new traders on different chains. The platform serves utility through its DApp, where users can choose from twelve staking pools. Also, partnering with the right company enables cross-chain liquidity to add more dual-staking pairs on the platform.

The native tokenis utilized for staking at any pool of users' choices that can fetch rewards for the users. The platform believes staking is the way to put cryptocurrencyat work and start a passive income. Here the traders have the freedom to remove the already traded tokens from one pool and retrade them to another pool with high yields. The more tokens staked by the users can yield more rewards as compared to others.

Overall, the platform has aimed to develop efficient solutions related to the imperfection in the current staking protocols. Also, with the vision to be the multichain staking platform, traders can yield more returns, learn about new projects, and diversify their portfolios.

The official whitepaper of Coinflect was launched on November 3, 2021. The team behind the project was led by Biny, the co-CEO, chief product officer, Brandon, the co-CEO, chief finance officer, and RJ, the co-CEO, chief technology officer.