CRFI Token – A CrossFi protocol coin that enables cross-chain interoperability and provides liquidity to cryptocurrencies trapped in illiquid infrastructure.
CrossFi aims to democratize decentralized finance by allowing anyone to create a synthetic asset on the Ethereum blockchain that is derived from their cryptocurrency on any other infrastructure when these assets are pooled and secured through the CrossFi platform.
CRFI Digital Token Project
Filecoin requires expensive specialized mining machines. Filecoin holders are rewarded for the amount of storage they provide, but are limited in the amount of storage they can provide for the amount of Filecoin they sign up for.
CrossFi will unlock the value of these accumulated Filecoins by allowing cryptocurrencies to participate in the decentralized financial ecosystem.
For example, filecoin users can share their FIL on the filecoin network using the CrossFi protocol and mint a value equivalent to the ERC20-compliant cFIL.
This is a two-way rollback process, which means that users who want to unlock their filecoin later must send the equivalent amount of cFIL to redemption nodes and do a synthetic cFIL burn for a small settlement fee.
CrossFi is a multi-chain interoperability and liquidity solution for decentralized finance.
CrossFi offers an L1 + L2 layer of trust to help extend transaction speeds, reduce gas fees, and can be further extended to improve the user experience by giving them the availability of any liquidity pool.
Developed as a method of providing liquidity to cryptocurrencies, the CrossFi protocol uses industry-leading interoperability technology to link different cryptocurrencies through public chains that connect the decentralized financial space.
CRFI Token Information
- The total number of CRFI tokens is 100 million coins.
- Highest value reached on May 3, 2021, priced at $19.13 (at time of writing)
- Your smart address on Binance Smart Chain: Here
- CRFI Token official website: Here
- The official Twitter account: here
How to buy CRFI tokens
You can buy CRFI tokens from various places including Bittrex.
CRFI token price
Priced at $0.08092 (at the time of writing)