EasyFi (EASY) defines itself as a second-layer lending protocol. Within the DeFi ecosystem, EasyFi focuses on scalability, usability, and mainstream adoption. Developed with open-source code for operation on general blockchain networks, EasyFi enables developers to create their own applications on the network. This DeFi protocol offers capabilities like trading digital assets, and providing and obtaining loans based on collateral, also facilitating cross-blockchain transitions.
EasyFi uses the Proof-of-Stake consensus mechanism, a system currently sought after by Ethereum for its transition. The cross-network trading service incredibly simplifies processes such as lending and borrowing. Investors can lend or borrow credits based on assets in different networks solely through EASY Coin. The network’s protection through the Proof-of-Stake mechanism indicates a democratic governance. In Proof-of-Stake consensus mechanisms, investors have voting rights proportional to the coins they deposit on the platform.
What is EasyFi (EASY)?
EasyFi Coin is the native cryptocurrency of this project. Although other cryptocurrencies are produced on the network, the foundation of the project is primarily based on EasyFi Coin. With a total market value of 30 million dollars, EasyFi has reached a volume of 21 million dollars in the last 24 hours. The circulating supply of EasyFi Coin is 1,735,409, with a maximum supply of 10,000,000.
As of the writing of this article, EASY is trading at 17.73 dollars. The fully diluted total market value of this is estimated at 177 million dollars. EASY Coin’s all-time high was 26 dollars on February 19th. The lowest level ever was about 1 dollar, seen approximately 4 months ago.
Where to Buy EASY Coin?
One reason for the record-breaking price of EASY Coin was its listing by Binance. EASY Coin can be purchased on Binance, the world’s largest cryptocurrency exchange by trading volume, under the Innovation Zone category. Bitcoin or Ethereum trading pairs can be used for purchasing EASY. It is noteworthy that the highest volume is with the EASY/BTC pair, accounting for 61% of the trades. The Innovation Zone on Binance is known to be created for newly launched and relatively risky cryptocurrencies.
