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Goldfinch Protocol

GFI

4.3

Price
$0.88
9/27/2022, 12:32:05 PM
diamondHands

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Market

Market stats

Market cap

$19.4M

Volume (24h)

$571,900.65

Circulating supply

22.2M GFI

Typical hold time

Not enough data

Popularity

#177

All time high

$31.11

Price change (1h)

-3.3%

Price change (24h)

+4.82%

Price change (7d)

-9.28%

Trading activity

90% Buy0% Buy
10% Sell100% Sell

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Goldfinch Protocol is on the decline this week.

The price of Goldfinch Protocol has fallen by 9.28% in the past 7 days. The price increased by 4.82% in the last 24 hours. In just the past hour, the price shrunk by 3.30%. The current price is $0.875 per GFI. Goldfinch Protocol is 97.19% below the all time high of $31.11.

The current circulating supply is 22,198,238 GFI.

About

GFI is an Ethereum token that governs Goldfinch, a decentralized credit protocol for extending loans to real-world businesses. Goldfinch aims to make DeFi lending more accessible by enabling loans that can use both on and off chain collateral.

What Is Goldfinch Protocol (GFI)?

Goldfinch is a decentralized credit protocol that intends to provide cryptocurrency loans without taking any collateral. According to the project’s documentation, the Goldfinch protocol aims to expand access to capital and foster people’s financial inclusion. The project seeks to become a missing piece that unlocks crypto lending for most people worldwide. The Goldfinch project provides loans to companies around the world.

According to the whitepaper of the project, the core limitation of the current crypto lending protocol is that they require over-collateralization with cryptocurrencies. This limitation prevents a large majority of the people who want to borrow cryptocurrency-based loans in the world from participating. The project claims to create a way for borrowers to show creditworthiness based on the collective assessment of other participants rather than based on their holdings of the crypto assets.

According to its website, Goldfinch expands access to capital emerging markets where crypto can truly empower financial inclusion. The project has four participants: borrowers, backers, liquidity providers, and auditors. Borrowers are the participants who seek financing. Backers assess the borrowers’ pool and decide to supply capital or not. Liquidity providers supply the capital to the pool to earn passive income. Lastly, the auditors provide approval to borrowers, which the borrowers require before they can borrow. The auditors provide a human-level check to guard the project against any fraudulent activity.

GFI is the native cryptocurrency of the Goldfinch protocol. The token is a reward token of the project provided to the participants. Auditors are incentivized with the GFI token to vote on the project and use GFI for staking. The backers also get rewarded via GFI token. The Decentralized Autonomous Governance (DAO) manages the governance of the project. The holders of the GFI token have voting rights in the governance of the project. The project works with the Ethereumblockchain

History of Goldfinch Protocol (GFI)

The project was launched in 2020. The whitepaper was released in July 2021. The founding team behind the project includes Michael Sall (CEO and President) and Blake West (CTO). The initial token supply at the time of launch of GFI tokens was 114,285,714 coins. 

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Social

Goldfinch Protocol on social media.

Goldfinch Protocol was mentioned in 32 out of 1,647,737 social media posts on Twitter and Reddit on Sep 25, 2022. 19 unique individuals are talking about Goldfinch Protocol and it is ranked #1,066 in most mentions and activity from collected posts.

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Key indicators

Contributors

19 people

Posts

32 posts

Dominance

0%

Volume rank

#1,066

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FAQ

What is the current price of Goldfinch Protocol?

The price of 1 Goldfinch Protocol currently costs $0.88.

What is the market cap of Goldfinch Protocol?

The current market cap of Goldfinch Protocol is $19.42M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Goldfinch Protocol?

The all-time high of Goldfinch Protocol is $31.11. This all-time high is highest price paid for Goldfinch Protocol since it was launched.

What is the 24 hour trading volume of Goldfinch Protocol?

Over the last 24 hours, the trading volume of Goldfinch Protocol is $571.90K.

What other assets are similar to Goldfinch Protocol?

Assets that have a similar market cap to Goldfinch Protocol include Gifto, Cratos, Kleros, and many others. To see a full list, see our comparable market cap assets.

How many Goldfinch Protocol are there?

The current circulating supply of Goldfinch Protocol is 22 million.

What is the relative popularity of Goldfinch Protocol?

Goldfinch Protocol ranks 150 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Goldfinch Protocol?

Currently, 90% of Coinbase users are buying Goldfinch Protocol. In other words, 90% of Coinbase customers have increased their net position in Goldfinch Protocol over the past 24 hours through trading.

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