What is EFI
Tokens
Efinity (EFI)
Enjin is developing Efinity, a next-generation blockchain for non-fungible tokens (NFTs). EFI is the native token of the Efinity network
Businesses and developers seriously need a platform that can deliver a modern, mainstream and developer-friendly NFT experience. Since the release of Ethereum, there have been attempts to build infrastructure and tokenization around this general-purpose computing blockchain, but there’s an ever-growing thirst for a better solution.
Creators are forced to work with crippling fees, inflexible smart contracts and disjointed interoperability. Adoption of today’s NFTs is still limited to die-hard crypto enthusiasts.
The blockchains that NFTs live on give actual users no incentives (other than the prices rising), because miners are given the full share of generated tokens. Prices rise, infrastructure companies create silos and paywalls, and it becomes difficult to make real progress in this industry - unless we can unify the community and think a bit differently.
Efinity is built to solve these problems.
Contract Address : https://etherscan.io/token/0x656C00e1BcD96f256F224AD9112FF426Ef053733
Token distribution and lock-in:
| Party | % of the total | Token Release Schedule |
| Ecosystem | 35% | 3% to the decentralized Treasury Pool on genesis. The remainder is unlocked monthly to the Ecosystem fund over 3 years. |
| Staking and Pools | 15% | 15% of the total EFI supply will be reserved for distribution to EFI pools as a Block Reward. The supply will be fully distributed after 8-10 years: Year 1: 2.85% Year 2: 2.55% Year 3: 2.25% Year 4: 1.95% Year 5: 1.65% Year 6: 1.35% Year 7: 1.05% Year 8: 0.75% Year 9: 0.45% Year 10: 0.15% |
| Company | 20% | Monthly vesting over 5 years with milestone accelerations. |
| Team | 10% | 3 years vesting after 1 year cliff. |
| Seed Round | 3% | Month 3 (Aug 4, 2021): 10% Month 6 (Oct 28, 2021): 15% Month 9 (Jan 26, 2022): 15% Month 12 (Apr 26, 2022): 15% Month 15 (Jul 25, 2022): 15% Month 18 (Oct 23, 2022): 15% Month 21 (Jan 21, 2023): 15% |
| Early Round | 7% | |
| Strategic Round | 5% | |
| Public Sale | 5% | Linear vesting until 100% unlocked at the end of vesting period. Total vesting period: 9 months Vesting begins: August 4, 2021 (40 days after Public Sale closing date) |
Project timeline:
Phase 1
EFI Token launch
Jumpnet with ERC-1155 and ERC-20 bridge
Early Adoption Staking
Private Sale
Public Sale
Paratoken Standard
Phase 2
Discrete Accounts
EFI Network Fees & Pools
Collator Node Staking
Multisig Transactions
Polkadot Bridge
Fuel Tanks
Phase 3
On-chain Marketplace
Crafting
Governance
Treasury Pool
Smart Contracts
Related links:
Twitter (Efinity): https://twitter.com/efinityio
Twitter (Enjin): https://twitter.com/enjin
Telegram (main channel): https://t.me/enjin
Telegram (insights channel): https://t.me/enjininsights
Reddit: https://www.reddit.com/r/EnjinCoin/
Facebook: https://www.facebook.com/enjinsocial
Facebook Group: https://www.facebook.com/groups/TheAvenjers/
YouTube: https://www.youtube.com/enjintv
Discord: https://enj.in/discord
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