Efinity, the cross-chain non-fungible token (NFT) platform built by Enjin, will host the EFI public sale on Coinlist, June 24, 2021, 17:00 UTC.
Registrations for the Efinity (EFI) token are already open and ends at 00:00 UTC on June 18, 2021. To participate in the sale, you must complete the KYC. However, you can not join if you are from the US, Canada, China, and other jurisdictions not supported by CoinList.
Out of the 2 billion total supply of EFI tokens, 100 million will be available for sale for $0.20 per token. You have to purchase a minimum of $100, while $500 is the maximum amount you can spend during the EFI token sale.
You can use the following methods of funding to buy Efinity tokens:
- USDC or USDT: There will be no fees charged if you use USDC or USDT
- ETH or BTC: A 0.5% fee will be charged as your ETH or BTC will be converted first to USDC or USDT.
All Efinity tokens bought during this sale will be delivered across a period of 9 months starting on or around August 4, 2021. This ensures that public sale participants won’t dump the tokens on the market.
Once you have completed your registration, you will receive a unique link through email that will put you in a virtual waiting room with other participants registered for the Efinity token sale.
Please note that the system will randomly place participants in the waiting line to get EFI.
Those who join after the sale starts will be served on a first-come-first-serve basis.
Efinity is a decentralized network built by Enjin as a parachain on Polkadot.
Users would be able to bring NFTs from almost all other blockchains, including Ethereum, to the Efinity network.
Efinity aims to provide a solution for interacting with NFTs by improving interoperability, scalability, speed, security, privacy, developability, and governance.
The platform also incentivizes all kinds of users who are a part of its network. Unlike Bitcoin and Ethereum where only miners are able to get rewards, Efinity offers EFI token rewards for everyone. These include traders, creators, developers, and early adopters.
Enjin has already raised 18.9$ million by selling EFI tokens via a private sale.