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BiFi

BIFI

Trade BiFi on DEX

BiFi can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

Trade BiFi on DEX

BiFi is only supported on a DEX. Additional fees will apply. Coinbase is not responsible for activity or assets traded on a DEX. Learn more.

About BiFi

According to the whitepaper, BiFi (Bifrost Finance) is a DeFi platform built on Bifrost. Bifrost is a universal multichain middleware. This means it aims to bridge the gap between different blockchain networks. The platform seeks to provide lending and a trading platform. The platform attempts to create a decentralized financial infrastructure that connects all the markets. Further, the infrastructure aims to create new opportunities. The platform also claims to include an integrated development environment, operational tools, and security software.

According to the website, all the current decentralized finance services are limited to the Ethereum ecosystem. So, if a user seeks to trade in a digital asset that is not available on the Ethereum network, such a user can only do so by trading it through centralized finance. Such centralized finance comes with its liabilities and limits. Thus, BiFi came into the picture as it aims to support digital assets from different blockchain networks.

The primary function that the BiFi protocol provides is lending. The platform’s lending protocol aims to provide transparent yield rates and a smooth lending process for easy understanding of the user. The platform also offers a staking protocol. The users can stake their digital assets and earn staking rewards over time.

Bifrost Finance has its native cryptocurrency named as BiFi token. BIFI denotes the ticker name. The users who contribute and participate in the growth and maintenance of the platform are rewarded with the BIFI tokens. The BIFI token can be further traded on the platform for paying fees for decentralized finance products and services. Thus, the token serves as a governance token. This enables a holder of the BIFI token to have a vote share choosing the future of the platform.

The Bifrost Finance platform was launched in 2018. The platform’s whitepaper was released in December 2020. The founding team includes Dohyun Pak as the CEO, Jonghyup Lee as the CTO, and Changhyun Yoo as the COO. Along with them, Soso is the CMO of the platform.

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Market

Germany Market Stats

Market cap

€1.8M

Volume (24h)

€167,268.19

Circulating supply

509.1M BIFI

All time high

€0.14

Price change (1h)

-0.01%

Price change (24h)

+0.34%

Price change (7d)

-7.58%

Germany News about BiFi

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BiFi is on the decline this week.

The price of BiFi has decreased by 0.01% in the last hour and increased by 0.34% in the past 24 hours. BiFi’s price has also fallen by 7.58% in the past week. The current price is €0.0035 per BIFI with a 24-hour trading volume of €167.27K. Currently, BiFi is valued at 97.52% below its all time high of €0.14. This all-time high was the highest price paid for BiFi since its launch.

The current circulating supply of BiFi is 509,083,070.153 BIFI which means that BiFi has as total market cap of 509,083,070.153.

FAQ

What is the current price of BiFi?

We update our BiFi to EUR currency in real-time. Get the live price of BiFi on Coinbase.

What is the market cap of BiFi?

The current market cap of BiFi is €1.77M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of BiFi?

The all-time high of BiFi is €0.14. This all-time high is highest price paid for BiFi since it was launched.

What is the 24 hour trading volume of BiFi?

Over the last 24 hours, the trading volume of BiFi is €167.27K.

What other assets are similar to BiFi?

Assets that have a similar market cap to BiFi include DEXGame, Blockchain Monster Hunt, HoDooi.com, and many others. To see a full list, see our comparable market cap assets.

How many BiFi are there?

The current circulating supply of BiFi is 509 million.

Can I buy BiFi on Coinbase?

Yes, BiFi is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy BiFi guide.

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