Price
$0.0057
12/2/2022, 5:17:21 AM
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Market

Market stats

Market cap

$56.1M

Volume (24h)

$10.7M

Circulating supply

10.0B MFT

All time high

$0.0400

Price change (1h)

+0.61%

Price change (24h)

-0.06%

Price change (7d)

+11.84%

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Hifi Finance is on the rise this week.

The price of Hifi Finance has risen by 11.84% in the past 7 days. The price declined by 0.06% in the last 24 hours. In just the past hour, the price grew by 0.61%. The current price is $0.0057 per MFT. Hifi Finance is 85.66% below the all time high of $0.0400.

The current circulating supply is 10,000,000,000 MFT.

About

What Is a Mainframe (MFT)?

Mainframe (MFT) is a blockchain platform for decentralized applications that seeks to enable users to send data, store files, and manage payments. The mainframe platform has been rebranded as Hifi Finance (MFT) and serves as a lending protocol that seeks to permit every individual to borrow against their cryptocurrency. According to its whitepaper, MFT aims to fix lending rates and borrow through trading tokenized debts. Hifi Finance utilizes a bond-like device, conveying an on-chain debt that settles on a specific future date.

The Hifi Finance protocol seeks to solve top-priority issues like liquidating at-risk collateral accounts. The MFT Protocol suggests a liquidation architecture that pushes back the resources to the ecosystem participants and is designed to function efficiently even during intense volatility.

Further, MFT is the native token of the Mainframe platform. The MFT token is an ERC-20 token that empowers the community governance of the Lending Protocol. MFT tokens can be staked, streamed, or burned. Streaming is a method of automating the access to acquisition as a function of time. Burning is the process of transmitting tokens to a goal that makes them irrecoverable. MFT tokens seek to arrange and balance incentives within the system and aim to be essential for the sustainability of protocol advancements. From the beginning to the end of the Lending Protocol, MFT tokens are operated to aim to vote on governance recommendations, unlock discounts, and acquire greater capital efficiency, additional protocol rewards, and access to extra leverage.

Furthermore, MFT token holders can vote on changes to be done on the Lending Protocol. MFT holders are entitled to vote on counting new collateral asset types, modifying the risk parameters for collateral asset types, modifying incentive parameters, improving the price feeds, changing crisis shutdown procedure, triggering emergency shutdown, and boosting the system. 

History of Mainframe (MFT)

Mick Hagen is the founder of Mainframe. The platform launched its whitepaper in July 2020. The maximum total supply of MFT tokens is 10,000,000,000.

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FAQ

What is the current price of Hifi Finance?

The price of 1 Hifi Finance currently costs $0.0057.

What is the market cap of Hifi Finance?

The current market cap of Hifi Finance is $56.07M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Hifi Finance?

The all-time high of Hifi Finance is $0.0400. This all-time high is highest price paid for Hifi Finance since it was launched.

What is the 24 hour trading volume of Hifi Finance?

Over the last 24 hours, the trading volume of Hifi Finance is $10.70M.

What other assets are similar to Hifi Finance?

Assets that have a similar market cap to Hifi Finance include NKN, Stargate Finance, Venus BUSD, and many others. To see a full list, see our comparable market cap assets.

How many Hifi Finance are there?

The current circulating supply of Hifi Finance is 10 billion.