The Green DeFi platform Energyfi is about to launch on mainnet
New York, NY, Nov. 23, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire)
Decentralized finance in brief
Decentralized Finance (commonly referred to as DeFi) is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum.
Newly, Decentralized Finance faces two major problems: high transaction costs and a hugecarbon footprint on the environment due to excessive energy consumption (especially on Ethereum).
The Energyfi platform includes a wide range of features, all designed to enable the adoption of green networks and the emergence of environmentally friendly decentralised finance.
Energyfi Token (EFI)
EFI token will have multiple use cases such as governance and platform utility. Holding EFI token will also be necessary in order to use some of the Energyfi services. Also, to promote EFI token holders, a frictionless yield and burn mechanism is included.
Energyfi raised $200,000 in a private sale and the public sale will be scheduled
The token private sale round was supported by several investors including INBlock ventures, Blu Ocean capital and whitelisted private investors.
Hamza Jaaved media-at-etkaan.co
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