FIS TOKEN — A TRULY NOTEWORTHY TOKEN PLACED IN THE STAFI NETWORK
In today’s article, we’ll be delving into the details on StaFi network especially it’s native governance token called “FIS token”. The article is going to state out the Tokenomics, market value and several other features of the FIS token. Before this discussion is detailed, a few tidbits on its ecosystem, StaFi, will be essential.
StaFi NETWORK DETAILS
StaFi network is known generally as a staking Finance medium for various stakers/investors. This Network is also the 1st Decentralized finance system that unlocks the Liquidity of different staked funds. The platform also helps to resolve the contradictions between mainnet Security & Coin Liquidity by automating ABT Coins. This token helps to maximize the stake rates to a whole other level. It’s safety is overrun by the StaFi Platform which enables ABT Coin as the sole collateral for the redemption of staking Assets from chain networks such as Tezos, Polkadot and so on.
Various Investors can now stake PoS (Proof Of Stake) tokens in order to gain an equivalent number of r- tokens. Individuals can also trade the r- tokens on various DeXs, on top of gaining Staking Rewards.
There are 2 consensus systems called Proof Of Work & Proof Of Stake, The StaFi platform is compatible with the Proof Of Stake system, this system was structured to confront the huge power consumption occuring in the Proof Of Work system. This Algorithm adopts block based validators in order to sign the blocks depending on the staked coin percentage.
The StaFi platform is presently compatible with 2 products, named r- ETH & r- FIS. The platform is looking towards developing more on other Proof Of Stake (PoS) Coins such as r- ATOM, r- KSM, r- XTZ and many more.
For the r- FIS operators, they have to download Polkadot based extension inorder to stake the FIS token. More information on the FIS Coin will be detailed below.
FIS TOKEN ECONOMY
The FIS token is the native governance coin for the network’s ecosystem. The token also secures the entire StaFi network via staking. The FIS token was mainly automated on The StaFi platform to simply cover the transaction taxes while minting the r- tokens. Users can acquire the token on various DeXs like Uniswap & Huobi. For those users willing to purchase the token immensely, Gate.io should be the most active DeX at the moment. The tokenomics will be stated below:
symbol — FIS
Exchange Volume — 12,379,412 Dollars
Market Cap — 47,324,545 dollars.
Price — 1.73 dollars.
Overall Supply — 102,000,000
Circulating Supply — 27,000,000
StaFi is working towards revolutionizing the entire DeFi community through the implementation of financial assets such as the FIS token. The token holds the 466th spot on the Coingecko medium. The Price Chart of the token so far has been truly impressive, which means that the tok en crises will be immensely scarce. The medium seems very promising. Portraying great goals and amazing ideas along with a usecases that focuses on a Broad Market. It is a truly Noteworthy investment that’ll be greatly Beneficial for all users/investors.
For more relevant information, visit https://www.stafi.io
Article Written By : Adasofunjo Michael Oluseye