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About EFI
Efinity is a Polkadot-based NFT blockchain built by Enjin to power fast, low-cost, and scalable digital asset creation and trading. Its native token, EFI, supports transaction fees, staking rewards, and governance, while maintaining Ethereum compatibility via its ERC-20 representation.
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Loading...Frequently Asked Questions about Efinity
What is Efinity (EFI)?
Efinity is a Polkadot parachain optimized for NFTs, developed by Enjin. The EFI token powers transactions, staking, and governance on the network.
Where can I buy EFI?
EFI is available on Indodax (EFI/IDR), Uniswap V3 and V4 (Ethereum), and LATOKEN. It trades as an ERC-20 token on Ethereum and supports parachain use via Polkadot wallets.
What is the best EFI wallet?
Nova Wallet, SubWallet, Fearless Wallet, and Talisman are ideal for Polkadot-native EFI. For Ethereum-based EFI, MetaMask and Ledger also work.
Can I migrate EFI to the Enjin Blockchain?
Yes. EFI holders can swap to ENJ at a 4:1 ratio as part of Enjin’s migration plan, receiving native tokens on the Enjin Blockchain.
How does Efinity improve NFTs?
Efinity supports smart contracts, NFT crafting, delegated fees, fast swaps, and cross-chain launches, making it easier for users and developers to mint, manage, and trade NFTs.
How is EFI used in the network?
EFI is used for transaction fees, validator rewards, governance voting, and staking to help secure the Efinity parachain.
