A next-generation blockchain for NFTs
Content on this page was provided by the Efinity team
Enjin pioneered the non-fungible token (NFT) industry in 2017, authoring the advanced ERC-1155 token standard and launching the first NFT creation platform. Enjin is the team behind Efinity, a cross-chain NFT network powered by the Efinity Token (EFI) and built on Polkadot. Efinity is environmentally friendly, scalable, and built to enable a future where NFTs are as widespread and easy to use as smartphones today.
Designed for Simplicity Fees on Efinity are designed to stay in the background. End-users don't even need a blockchain wallet. Transactions are confirmed in 6 seconds, which permits the fast response times needed for mainstream applications.
Rewards for Everyone Unlike Bitcoin or Ethereum, Efinity rewards network participants—not miners. Everyone from NFT creators and traders, to developers and early adopters is rewarded with the EFI token, fueling Efinity's growth and development.
A Network for Every NFT Efinity is built on Polkadot, allowing any NFT from any chain to be moved to the network, supercharging it with next-gen features, low fees, and fast transaction times. Efinity will enable NFTs to be utilized by virtually any industry, unlocking trillions of dollars in currently illiquid and unique real-world and digital assets.
This sale provides the first public opportunity to purchase Efinity tokens to participate in operating and governing the network. More details and answers to questions can be found in the FAQs.
| Asset | Efinity Token (EFI) |
| Sale Times |
Registration Opens: June 2, 2021
Registration Deadline: June 18 2021, 00:00 UTC Sale Period Begins: June 24 2021, 17:00 UTC |
| Lockup | $0.20 per token, tokens release linearly over 9 months starting on or around August 4, 2021 |
| Supply Limits | Supply capped at 100M tokens |
| Minimum & Maximum Purchase | Minimum Purchase: $100
Maximum Purchase: $500 |
| Funding Methods |
BTC, ETH, USDC, USDT
If you fund your account and purchase tokens with USDC or USDT, there are no fees (important note: We will value USDT and USDC as the equivalent of one U.S. dollar regardless of fluctuations in USDT and USDC). If you fund your account and purchase with ETH or BTC, it will be converted to USDC at the time of purchase and a 0.50% transaction fee will be applied. |
| Sale Mechanism |
Users registered for the token sale will receive an email with a unique link to enter the queue prior to the start of the sale. All users arriving at the queue before the start of the sale will be placed in a waiting room. Please note that arriving at the waiting room early does not give you a better place in the queue.
When the sale starts, users in the waiting room are assigned a random place in line, ahead of those who arrive after the sale starts. Users arriving after the sale starts get a first-come, first-served place in line after those in the waiting room. |
| Eligible Participants | Not available for residents and citizens of the United States, China, Canada, and certain jurisdictions. |
EFI is the native token of the Efinity Network, designed for transaction fees, liquidity, and rewards. Every EFI holder will be able to submit and vote on governance proposals directly in their wallet, helping steer the future of the Efinity network. The maximum supply of EFI is 2 billion.
Efinity is supported by stakeholders from venture capital, crypto, and cultural institutions. A private sale was held in February-May 2021 for strategic and institutional partners.
$3M Seed Round
3% of total supply
60M EFI at USD $0.05
Valued at USD $100M fully diluted market cap
7% of total supply
140M EFI at USD $0.06
Valued at USD $120M fully diluted market cap
5% of total supply
100M EFI at USD $0.075
Valued at USD $150M fully diluted market cap
Built on Polkadot Enjin is working with Parity Technologies to develop Efinity as a Polkadot parachain. Using Relay Chain validators for consensus allows Efinity to have an independent economic framework, data, and state.
Governance The Efinity parachain uses decentralized governance such that anyone may submit a proposal, and EFI holders have the opportunity to vote on proposals and referendums to steer the future of the network.
Fuel Tanks Fuel Tanks are special discrete accounts used purely for transaction fees, enabling companies to subsidize costs for their customers by depositing EFI tokens to a Fuel Tank they control.
Multisig Transactions Multiple signatures allow for multi-transfers, trades, minting, and crafting where more than one wallet or token is involved in the transaction.
Crafting Crafting allows existing tokens to be modified, or new tokens to be created by using a Recipe. The system is useful for gamifying collectibles with minimal effort.
Cross-Chain Bridge Tokens created on other chains (for example, ERC-20, ERC-721, and ERC-1155 on Ethereum) can be imported to Efinity using a bridge.
Marketplace Efinity will provide buyers and sellers with a robust suite of tools for creating and filling orders for any token. Tokens don’t need to be listed for sale (or even exist on the network) to receive a bid.
Discrete Accounts Discrete Accounts are unique addresses that do not have an associated private key. They can be used to create specialized accounts—for example, used by a company’s stakeholders to securely manage its assets.
Efinity Swap Efinity Swap is an automated conversion function to swap between Paratokens. By allowing conversion of Paratokens into other Paratokens, existing Bid and Ask Orders involving other Paratokens can be completed.
Efinity is a core pillar of Enjin's multi-chain ecosystem, alongside JumpNet and Ethereum.
Two-way bridges between JumpNet, Ethereum, and Efinity will enable individuals and businesses to create NFTs that can easily move across different chains, taking advantage of each network's unique benefits and features.
Efinity is built to radically redefine what NFTs are, what they can do, and how individuals and companies can use them.
Businesses
Businesses and enterprises of all sizes, including leading global brands such as Microsoft and Binance, are using Enjin’s NFT ecosystem to engage and grow their audiences
Developers
Over 50 game and app developers are using Enjin to create and integrate NFTs in innovative ways, from open-world RPGs to augmented reality and sci-fi fantasy adventures
Efinity is developed by Enjin, an NFT market leader and team of savvy entrepreneurs and tech industry experts. Enjin is building a product ecosystem that will help humanity create an advanced, open digital asset economy where new digital worlds begin.
Maxim Blagov
Co-founder and CEO
20 years of experience in creative direction, project management, and UX/UI design. Expert in concept and strategy development for large interactive and blockchain applications.
Witek Radomski
Co-founder and CTO
Author of the ERC-1155 token standard. Wrote the code for one of the first-ever NFTs. Oversees Enjin technical engineering, development, and product vision.
Caleb Applegate
COO
Successful entrepreneur with deep experience helping companies achieve goals and objectives. Former COO and owner of Mineplex, one of the world’s largest Minecraft servers.
Ilija Rolovic
CMO
Tech-driven marketer who led game marketing agencies. Played an integral role in building the world's first interoperable assets and launching the first blockchain multiverse.
Efinity is built by Enjin, a blockchain technology company at the forefront of the NFT space. Founded in 2009, Enjin first launched a gaming community platform called the Enjin Network and grew it to more than 20 million users over the course of a decade.
In 2017 following a successful ICO, Enjin established itself as a leading blockchain developer, creating one of the first-ever NFTs, and authoring ERC-1155, a groundbreaking Ethereum token standard that enables developers to deploy both fungible and non-fungible items in a single smart contract. Enjin’s end-to-end ecosystem offers individuals, brands, and businesses everything they need to utilize NFTs.
Trusted by global brands like Microsoft, Samsung, BMW, Atari and a wide range of game and app developers, Enjin has developed an end-to-end ecosystem of closely integrated blockchain products used by millions of individuals, startups, and enterprises across the globe.
To explore featured Enjin-powered apps, games, and projects made by talented developers and forward-thinking companies across the world, please visit Powered by Enjin.
* These Testimonials are not guarantees of future performance, and undue reliance should not be placed on them. Such Testimonials necessarily involve known and unknown risks and uncertainties, which may cause actual performance and results in future periods to differ materially from any projections of future performance or result expressed or implied by such Testimonials.