About DAFI Protocol
Dafi creates synthetics to reward networks, for long term users Dafi solves the biggest issue within decentralized economies - by rewarding users later, instead of earlier.
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Market Stats
Market Cap
$248,458.09
0.92%
FDV
$490,826.56
Circulating Supply
1,138,957,714.155 DAFI
Max Supply
2,250,000,000 DAFI
Total Supply
2,250,000,000 DAFI
Diluted Valuation
$484,015.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$106,751.78
-0.16%
Volume (7D)
$795,144.13
Volume (30D)
$2,946,371.75
All time high
$0.21
Overall Price Change (1Y)
-0.94%
Additional info about DAFI Protocol
Recent trends
The price of DAFI Protocol has decreased by 0.66% in the last hour and increased by 1.20% in the past 24 hours. DAFI Protocol’s price has also fallen by 1.35% in the past week. The current price is $0.000216 per DAFI with a 24-hour trading volume of $106.75K. Currently, DAFI Protocol is valued at 99.90% below its all time high of $0.21. This all-time high was the highest price paid for DAFI Protocol since its launch. The current circulating supply of DAFI Protocol is 1,138,957,714.155 DAFI which means that DAFI Protocol has as total market cap of $248,458.09.
Market details
DAFI vs markets
↘ 94.48%
DAFI vs BTC
↘ 95.01%
DAFI vs ETH
↘ 87.05%
Tags
defi
dao-maker
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xFc979087305A826c2B2a0056cFAbA50aad3E6439 | |
Polygon | 0x638Df98Ad8069a15569dA5a6b01181804c47e34c | |
BNB Smart Chain | 0x4e0Fe270B856EeBb91Fb4B4364312be59F499A3F |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000216 | ↗ 1.20% |
1 Day | $0.000214 | ↗ 1.20% |
1 Week | $0.000220 | ↘ 1.35% |
1 Month | $0.000274 | ↘ 20.97% |
1 Year | $0.0033 | ↘ 93.51% |
FAQ
With DeFi, DAFI primarily aims to address three issues, which include:
To solve such issues, DAFI aims at sustainable adoption by introducing a model where reward quantity is tied to network demand. There are three core economic principles behind this. The first is reducing the number of network rewards at the beginning to avoid supply shocks and single user control of network value. Secondly, increasing the issued tokens as adoption rises, thus linking two market-factors to promote the growth of decentralized economies. And ultimately, increasing scarcity when demand declines to protect the economy by avoiding over-release of tokens.
Using DAFI, other protocols and platforms can create a reward system from their native token. It is then pegged or attached to the demand of the network and eventually distributed to users. As a result, users can seek to gain incentives to use the platform even at low adoption rates.
The whitepaper states that DAFI offers a way to create scarcity by making reward quantity proportional to demand. Users can stake the DAFI token for governance purposes and help create further incentives for future users.
Zain Rana is the founder of DAFI. Besides that, he is also a global blockchain speaker. Rana has completed his BS in Biomedical Science from The Manchester Metropolitan University.
Some other team members of DAFI include Neil Nguyen as the economics lead, Ali Martinez as the creative lead, and Igor Stojkoski as the UI designer.
We update our DAFI Protocol to USD currency in real-time. Get the live price of DAFI Protocol on Coinbase.
The current market cap of DAFI Protocol is $248.46K. A high market cap implies that the asset is highly valued by the market.
The all-time high of DAFI Protocol is $0.21. This all-time high is highest price paid for DAFI Protocol since it was launched.
Over the last 24 hours, the trading volume of DAFI Protocol is $106.75K.
Assets that have a similar market cap to DAFI Protocol include RioDeFi, Pochita (pochita.biz), Bitswift, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of DAFI Protocol is 1.1 billion.
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Social stats
Popularity in posts
#4681
Contributors
3
Posts
3
% About DAFI Protocol
0.001%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
0.0 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
3 unique individuals are talking about DAFI Protocol and it is ranked #4,681 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, DAFI Protocol has an average sentiment score of 0 out of 5. Finally, DAFI Protocol is becoming less newsworthy, with 0 news articles published about DAFI Protocol.
On Reddit, DAFI Protocol was mentioned in 3 Reddit posts and there were 5 comments about DAFI Protocol. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.