| General information | |
|---|---|
| Global rank: | 3713 |
| Name: |
DfiStarter |
| Symbol: | DFI |
| Current coin price (PHP): | 0.217 ₱ |
| Last hour: | arrow_upward0.160 % |
| Last 24 hours: | arrow_downward-0.420 % |
| Last 7 days: | -1.45 %trending_down |
| Capitalisation (PHP): | 0.000000 ₱ |
| Volume 24h (PHP): | 5 987 879.83 ₱ |
| Available supply: | 0.000000 DFI |
| Total coin supply: | 1 200 000 000.00 DFI |
| Start date: | 2020-05-11 |
DfiStarter/Philippine Peso (DFI/PHP) price chart
DfiStarter/Philippine Peso (DFI/PHP) capitalisation and volume charts
DeFiChain (DFI) is the native cryptocurrency of the DeFiChain platform, a blockchain specifically dedicated to decentralized financial applications. The platform is designed to bring high transaction capacity, reduced risk of errors, and intelligent feature development to the world of decentralized finance.
The DFI token itself is an integral component of the DeFiChain ecosystem. It is used for transaction fees and serves as the primary asset for staking and liquidity mining on the platform. The DeFiChain platform, on the other hand, is a dedicated network that aims to enable decentralized financial transactions. It is built around the Bitcoin protocol, but with modifications that make it more conducive to high-speed transactions and complex smart contracts necessary for financial activities.
The DFI token plays a pivotal role in the DeFiChain platform. It is used to power transactions and smart contracts, participate in governance decisions, and provide liquidity for decentralized exchanges. Users can stake DFI tokens in order to earn rewards and to secure the DeFiChain network.
Beyond that, the DeFiChain platform provides a foundation for a multitude of decentralized finance applications. Its primary use cases revolve around various forms of asset and financial services, such as decentralized exchanges, tokenization of real-world assets, lending services, and yield farming.
DeFiChain was co-founded by Julian Hosp and U-Zyn Chua. Julian Hosp, an entrepreneur with a background in medicine and a former professional kitesurfer, is also known as the co-founder of TenX, a Singapore-based blockchain company. U-Zyn Chua is a seasoned blockchain developer and the founder of Zynesis, a blockchain consultancy.