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Price
$0.0070
9/28/2022, 7:26:33 AM
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Market

Market stats

Market cap

-

Volume (24h)

$2,980.17

Circulating supply

-

All time high

$0.42

Price change (1h)

+0.04%

Price change (24h)

+2.13%

Price change (7d)

+46.76%

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DeFinity is on the rise this week.

The price of DeFinity has risen by 46.76% in the past 7 days. The price increased by 2.13% in the last 24 hours. In just the past hour, the price grew by 0.04%. The current price is $0.006956 per DEFX. DeFinity is 98.34% below the all time high of $0.42.

The current circulating supply is 0 DEFX.

About

What Is DeFinity (DEFX)?

DeFinity(DEFX) is a unique, fully decentralized DeFi exchange that aims to provide a one-stop-destination to trade digital currencies, stablecoins, and traditional Foreign Exchanges (FXs) through smart contracts. The DeFinity seeks to eliminate intermediaries in forex trading and allow direct trading between the price makers and takers. The platform envisions to update and improve the FIX (Financial Information eXchange), an essential protocol that connects the forex industry.

In addition, the DeFinity platform aims to offer real-time agreements and clearing for FX spot trading. Spot trading refers to a transaction where instant payment and delivery of the underlying investment occurs. DeFinity also develops FIX adapters for processing transactional data from liquidity providers and liquidity takers. Basically, the team analyzes the data, performs risk validation, and sends status messages back to the transmitting parties. The purpose is to transfer the data to the DeFinity blockchain for additional processing, including forex rates, currencies, quantity, and parties involved.

According to its whitepaper, the native utility token of the DeFinity is ‘DEFX.’ The DEFX token has three primary use cases: protocol governance, staking and trading, and last, incentives to support the services. The token aims to make the exchange and protocols decentralized by allowing token holders to vote on significant events and decisions about the future of the exchange protocol. Staking and participation fees make the core of the decentralized exchange and protocol. Participants can select from a set of pools and stake their tokens to receive 0.25 percent of the network fees. Token holders can obtain additional rewards such as trading fee reductions and referral benefits for introducing new users.

History of DeFinity (DEFX)

The idea of DeFinity was built by experienced partners with the mission to create an efficient, decentralized, and cost-effective FX market. WeOwn and DMALINK are the two partners who came together to create DeFinity. Manu Choudhary is the CEO of the platform. The other team members include Michael Siwek (CRO), Sascha Ragtschaa (CTO), Ashwind Soonarane (COO). There is a professional team of advisors as well.

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FAQ

What is the current price of DeFinity?

The price of 1 DeFinity currently costs $0.0070.

What is the market cap of DeFinity?

The current market cap of DeFinity is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of DeFinity?

The all-time high of DeFinity is $0.42. This all-time high is highest price paid for DeFinity since it was launched.

What is the 24 hour trading volume of DeFinity?

Over the last 24 hours, the trading volume of DeFinity is $2.98K.

What other assets are similar to DeFinity?

Assets that have a similar market cap to DeFinity include LUFFY, CryptoMines, Sheesha Finance [ERC20], and many others. To see a full list, see our comparable market cap assets.

How many DeFinity are there?

The current circulating supply of DeFinity is 0.

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