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About Modefi

The Modefi Dashboard offers solutions for decentralized finance (defi) needs and leverages tools, data, AI (artificial intelligence), APIs (application programming interface), and analytics to provide users the means to become successful. According to the litepaper, the platform aims to be a truly decentralized, transparent, secure, and precise oracle solution for all off-chain and on-chain data.(Off-chain transactions occur outside the blockchain network, whereas on-chain activity takes place on a particular blockchain.)

The defi space is prone to exploits and hacks, with Oracle manipulation being one of the biggest culprits. Thus the forum’s solutions facilitate defi protocols to reduce the potential of putting the users’ capital at risk due to any unforeseen circumstances. The platform also seeks to resolve other problems related to Oracle functionalities by providing a decentralized and aggregated Oracle. One of the issues is that Oracle is not completely trustless, transparent, or decentralized. The forum integrates major Oracle and data providers to use them as complementary entities instead of treating them as competition. This allows clients to obtain trustless, transparent, secure, and decentralized data from different providers.

The network’s features involve pricing data for collateral management, high throughput, and low latency requirements, precisely evaluated data to reduce manipulation and liquidations, aggregated data feeds, real-time property evaluations, on-chain ownership, deal closures, and others.

MOD is the ecosystem’s native utility token. The token is based on the ERC20 token standard. The token is needed to participate as a validator on the on-demand Oracle network, because users need to bond their tokens as collateral. Further, token holders can also participate in network governance for critical decision-making and development. MOD is the primary payment token for subscription services used on the platform dashboard. MOD is also utilized to pay fees within the Oracle marketplace. 

Market

Market stats

Market cap

$1.4M

Volume (24h)

$933.72

Circulating supply

16.1M MOD

All time high

$6.32

Price change (1h)

+0.01%

Price change (24h)

-12%

Price change (7d)

-32.97%

News about Modefi

BeInCrypto • Apr 25, 24

Morgan Stanley Assembles 15,000 Brokers Army to Promote Bitcoin ETFs

The latest report reveals that Morgan Stanley enables advisors to proactively recommend Bitcoin ETFs to clients.The post Morgan Stanley Assembles 15,000 Brokers Army to Promote Bitcoin ETFs appeared first on BeInCrypto.

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The Block • Apr 25, 24

‘Buy Bitcoin’ sign from Janet Yellen’s 2017 speech sold for $1 million

The “Buy Bitcoin” sign on a yellow notebook paper gained significance after being seen on TV behind then-Fed Chair Janet Yellen in 2017.

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BeInCrypto • Apr 25, 24

How Crypto Investor Made Over $70,000 Creating a ChatGPT Trading Bot

Rekt Fencer, a crypto trader, leveraged a ChatGPT-enhanced trading bot and the Bollinger Band indicator to profit $71,500, demonstrating AI's growing influence in finance.The post How Crypto Investor Made Over $70,000 Creating a ChatGPT Trading Bot appeared first on BeInCrypto.

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CoinDesk • Apr 25, 24

'Buy Bitcoin' Sign Sold for Over $1M at Auction

Proceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp.

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CoinDesk • Apr 25, 24

Morgan Stanley May Soon Allow Brokers to Pitch Bitcoin ETFs to Customers: Report

The move may bring fresh energy and capital into the spot ETFs.

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BeInCrypto • Apr 25, 24

NFC 2024 in Lisbon, 28-30 May: One Ticket, Five Events, One Super Festival

The radical Web3 event is back in Lisbon, May 28-30, with NFTs, Meme Tokens, Ordinals, AI Movie and Beach Parties. Where the future of Digital Culture and Web3 converge Non Fungible Conference’s DNA has always been about pushing boundaries and reshaping the Web3 event format. Gathering leaders an...

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Modefi is on the decline this week.

The price of Modefi has increased by 0.01% in the last hour and decreased by 12.00% in the past 24 hours. Modefi’s price has also fallen by 32.97% in the past week. The current price is $0.0884 per MOD with a 24-hour trading volume of $933.72. Currently, Modefi is valued at 98.60% below its all time high of $6.32. This all-time high was the highest price paid for Modefi since its launch.

The current circulating supply of Modefi is 16,076,764.499 MOD which means that Modefi has as total market cap of 16,076,764.499.

FAQ

What is the current price of Modefi?

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

What is the market cap of Modefi?

The current market cap of Modefi is $1.42M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Modefi?

The all-time high of Modefi is $6.32. This all-time high is highest price paid for Modefi since it was launched.

What is the 24 hour trading volume of Modefi?

Over the last 24 hours, the trading volume of Modefi is $933.72.

What other assets are similar to Modefi?

Assets that have a similar market cap to Modefi include Sonar, Polkacity, ZooKeeper, and many others. To see a full list, see our comparable market cap assets.

How many Modefi are there?

The current circulating supply of Modefi is 16 million.

Can I buy Modefi on Coinbase?

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

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