🚨 Enfinity (EFI) By Enjin To $10 | Efinity Token Launch Price Predictions & Analysis 🚨

there's some really exciting news that the affinity token is life at the moment there's also six ways engine and effinity work together what exactly is affinity what prize was it launched at and what does the future of infinity look like hello and welcome to daily crypto facts before we move on to the video please don't forget to like this video and subscribe to our channel so we can keep posting new and more interesting videos for you also hit the bell icon so you never miss a video from us without any further ado let's get to the video engine is developing infiniti a next generation blockchain for digital assets and is built on polkadot the reason why effinity was created was because of the businesses and developers as they need the platform that can deliver a modern mainstream and developer friendly nft experience since the release of ethereum there have been attempts to build infrastructures and organizations around this general purpose computing blockchain but there is an ever growing thirst for a better solution and that's where we are with infinity infinity is actually built to solve these problems that we have with cryptocurrency in this modern age infinity is actually built to solve these problems that we have with cryptocurrency in this modern age infiniti was created to help solve this problem so that at the moment creators are forced to work with crippling fees there is a lot of fees and these fees are expensive especially on interior there's also inflexible smart contracts and disjointed interoperability so adaptions of today's nfts is still largely limited and there's a problem because a lot of people can't actually get into nft space as it's so expensive and fees are high making more people interested in nfts these days it's mostly the die hard crypto enthusiasts who are really into cryptocurrencies and understand cryptocurrencies so blockchain like ethereum have become so expensive that the average user might pay seven dollars plus to move a single token well it all depends on the price of the token on the day to particular time and what day of the week it is nft gas pays ethereum gas fees are always moving up turn down and on some days are a lot cheaper however sometimes if the days are a lot cheaper other days are much more expensive so there has to be ways to deal with this hence the main purpose of affinity is to be an nft highway and not a general computing blockchain token creation transfers and purchases and it works priority the transaction fee or affinity are designed to stay in the background and allow users to experience their favorite collectibles without worrying about how the network operates this is the access into an incentive as well now that we have a general idea of what effinity is let's have a look at the token itself because right now it's live so as they have said that open codes we're thrilled to share that the affinity which is the efi token is being released and listed today on blockchain.com crypto.com and the coin list you may remember that when they had launched their ico it was also launched on the coin list it's a big news that's good and this token is actually built on polka dot this announcement came in march that there is a next generation blockchain for non-fungible tokens however since it's built by angel so there's a lot of things that goes into affinity to understand we've already been through the listing partners of this token at the moment it's one of the logix exchanges with over 20 million users alone and that's kind of crazy next let's have a look at the six ways engine and affinity work together we've already been talking about affordable transaction on ethereum network but now affordable nft transactions is even more interesting because they themselves can be very expensive so the infinity token is used to pay for the low cost transactions to move your engine powered nft on the network unlike other networks where fees are paid fully to the network administration miners and nodes affinity transaction fees are used to a governance they nominate efficient network administrators encourage active participation in the network it goes into collateral rumination governance marketplace feeling so infinity is a decentralized network and it's governed by the community so even an affinity holder can submit in collateral nomination can use their affinity token to also participate in governance now marketplace engine and nfts can continue to be used in infiniti's marketplace in other applications since the token remains in the address on dfinity it is transferred or melted stake engine will be automatically unstated there's also fueling innovation over 1.1 billion digital assets have already been created with engine that's just with engine alone and those are all nfts so every single one of them will benefit from the low cost speed and next generation features of affinity such as crafting and fuel tanks effinity is also big bringing a lot of usefulness to the crypto world not just in nfts but cheaper transactions it's exactly what people need to get from the crypto world and get involved in as well as it also goes into jump net so infinity token also unlocks utility in engine jumpnet a fee-free blockchain holding on jumping it increases your transaction limit so you can continue enjoying instant free nfts and engine token transactions on chain it's mostly about incentives that we wanted to get into but before we can go into the incentives part let's just take a look at the price of the affinity token at the moment and we can do a quick price analysis as well so because it's only on the limited amount of exchanges the transaction itself is actually quite limited you can see for yourself that it doesn't look like there's much going on the network and that's because it's still in its beginning stage of training now consider that there is 54.9 million tokens in circulation that's three percent of its 2 billion max supply so if you're wondering why the price is already over a dollar it's mostly because this the small extremely small circulating supply for the rest of the suppliers actually loaded up as actually in the maximum supply and that's dedicated for various reasons if the circulating supply stays the same then you can expect the price to go up because we do think that the more people going to trade with its crypto especially because you can use it for nfx and also use it for cheaper transactions the incentives ethereum and bitcoin rewards miners with coined for securing the network share but there isn't any similar incentive for the nfd industry to fuel growth and development which can be problematic in the long term so it compensates network participants with the effinity token collateral nodes who can run on the network users who govern the direction of the network buyers and sellers who facilitate price discovery developers who propose projects build an affinity are all eligible to grants from the community pool early adapters and creators increase their token value with bonding curves and liquidity well all in all great things are coming from infinity and we want to see what it's going to look like couple of weeks from now a month or a couple of months from now also what it's going to look like in terms of trading the volume and not to mention what it's going to look like in terms of market capitalization right now the market capitalization is 60 million but this token has 100 times potential well that's a big question that only time can tell especially with tokens like these what are your views on this what do you think the future holds for engine affinity do you own any engine affinity or do you plan on buying them anytime soon let's discuss about this in the comments below let's discuss about this in the comments below if you want to continue to know about cryptocurrencies we've got two more videos waiting for you on the end screen to check out make sure to subscribe and 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