DigiFinexToken (DFT) Metrics
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DigiFinexToken (DFT)
What is DigiFinexToken?
DigiFinexToken (DFT) is a cryptocurrency launched by the DigiFinex exchange, designed to enhance the trading experience and provide various utilities within its ecosystem. It serves as a utility token primarily used for trading fee discounts, staking rewards, and participation in governance decisions within the platform. The project operates on the Ethereum blockchain, leveraging its robust smart contract capabilities to facilitate transactions and interactions. DFT is an ERC-20 token, which ensures compatibility with a wide range of wallets and decentralized applications. DigiFinexToken stands out for its integration with the DigiFinex exchange, allowing users to benefit from reduced trading fees and access exclusive features. Additionally, it aims to foster community engagement through governance mechanisms, enabling token holders to influence platform developments and decisions. This positioning makes DFT significant as a tool for both traders and investors within the DigiFinex ecosystem.
When and how did DigiFinexToken start?
DigiFinexToken originated in April 2018 when the DigiFinex team released its whitepaper, outlining the project's vision and technical framework. The project launched its mainnet in June 2018, marking its initial public availability and enabling users to engage with the token on the DigiFinex exchange platform. Early development focused on creating a robust trading ecosystem and enhancing user experience on the exchange. The initial distribution of DigiFinexToken occurred through an Initial Exchange Offering (IEO) in May 2018, which allowed participants to acquire tokens directly through the exchange. This strategic approach to distribution helped establish a user base and laid the groundwork for DigiFinexToken's subsequent growth and integration within the broader cryptocurrency market.
What’s coming up for DigiFinexToken?
According to official updates, DigiFinexToken is preparing for a significant protocol upgrade planned for Q1 2024, aimed at enhancing transaction speed and overall network efficiency. This upgrade is expected to introduce new features that will improve user experience and scalability. Additionally, the team is working on integrating with several decentralized finance (DeFi) platforms, with targeted partnerships set to be announced in the coming months. These initiatives are designed to expand the token's utility within the ecosystem and attract a broader user base. Progress on these milestones will be monitored through the project's official communication channels and roadmap updates.
What makes DigiFinexToken stand out?
DigiFinexToken distinguishes itself through its integration with the DigiFinex exchange, providing a seamless utility for users within its ecosystem. Built on a robust blockchain architecture, it leverages advanced security protocols and efficient transaction processing, enhancing user experience and trust. The token operates on a hybrid model that combines elements of both centralized and decentralized finance, allowing for greater flexibility and accessibility. Additionally, DigiFinexToken supports cross-chain functionality, enabling interoperability with various blockchain networks. This feature enhances its usability and expands its reach within the crypto landscape. The ecosystem is further enriched by strategic partnerships with other blockchain projects and financial institutions, fostering a collaborative environment that drives innovation and adoption. DigiFinexToken also incorporates a community-driven governance model, allowing token holders to participate in decision-making processes, thereby promoting transparency and user engagement. These unique characteristics position DigiFinexToken as a significant player in the evolving cryptocurrency market, catering to both retail and institutional investors.
What can you do with DigiFinexToken?
The DigiFinexToken (DFT) serves multiple practical utilities within its ecosystem. Primarily, DFT can be used for transaction fees on the DigiFinex exchange, allowing users to trade various cryptocurrencies at reduced costs. Holders of DFT have the opportunity to stake their tokens, contributing to the network's security while potentially earning rewards over time. Additionally, DFT may grant holders access to governance features, enabling them to participate in decision-making processes regarding platform developments and changes. This fosters a community-driven approach to the evolution of the DigiFinex ecosystem. For developers, DFT provides essential tools for building decentralized applications (dApps) and integrations within the DigiFinex platform. The ecosystem supports various wallets and services that facilitate the use of DFT for transactions, staking, and governance, enhancing user engagement and interaction across the network. Overall, DigiFinexToken plays a crucial role in promoting a vibrant and participatory environment for users and developers alike.
Is DigiFinexToken still active or relevant?
DigiFinexToken remains active through recent updates and community engagement. As of September 2023, the project announced a new governance proposal aimed at enhancing user participation and platform features. Development efforts are currently focused on improving transaction efficiency and expanding the token's utility within the DigiFinex ecosystem. The token is listed on the DigiFinex exchange, which continues to facilitate trading and liquidity, indicating its ongoing market presence. Additionally, the project has maintained partnerships with various blockchain projects, enhancing its relevance in the broader crypto landscape. These indicators support DigiFinexToken's continued relevance within the cryptocurrency sector, as it adapts to market needs and fosters community involvement.
Who is DigiFinexToken designed for?
DigiFinexToken is designed for a primary audience of cryptocurrency traders and investors, enabling them to access various trading functionalities and benefits within the DigiFinex ecosystem. It provides tools and resources such as trading platforms and wallets to facilitate seamless transactions and enhance user experience. Secondary participants, including developers and liquidity providers, engage through governance mechanisms and liquidity pools, contributing to the overall functionality and stability of the platform. The token serves as a utility within the DigiFinex exchange, allowing users to benefit from reduced trading fees, participate in token sales, and access exclusive features. This design caters to both individual users seeking trading advantages and developers looking to build applications or services that leverage the DigiFinex infrastructure.
How is DigiFinexToken secured?
DigiFinexToken employs a delegated proof-of-stake (DPoS) consensus mechanism, where a select group of validators are responsible for confirming transactions and maintaining the integrity of the network. This model allows for faster transaction processing and scalability, as validators are elected by token holders based on their stake in the network. To ensure the security of transactions, DigiFinexToken utilizes advanced cryptographic techniques, including elliptic curve digital signature algorithm (ECDSA), which provides robust authentication and data integrity. This cryptography helps protect against unauthorized access and ensures that transactions are securely signed. Incentives for validators are aligned through staking rewards, which are distributed for their participation in the network. Additionally, the protocol incorporates slashing mechanisms, penalizing validators for malicious behavior or failure to perform their duties, thereby enhancing overall security. The network's resilience is further bolstered by regular audits and governance processes that allow stakeholders to participate in decision-making, ensuring transparency and adaptability. This multi-faceted approach to security helps maintain the trust and reliability of the DigiFinexToken ecosystem.
Has DigiFinexToken faced any controversy or risks?
DigiFinexToken has faced some scrutiny regarding its regulatory compliance and security practices. In 2021, the platform was involved in discussions about potential regulatory challenges, particularly concerning its operations in various jurisdictions. The team responded by enhancing their compliance measures and engaging with legal advisors to ensure adherence to local regulations. Additionally, there have been concerns about security incidents, including reports of phishing attacks targeting users. In response, DigiFinex implemented stronger security protocols, such as two-factor authentication and regular security audits, to protect user assets and data. They also established a bug bounty program to incentivize the community to report vulnerabilities. Ongoing risks for DigiFinexToken include market volatility and the evolving regulatory landscape, which are common in the cryptocurrency sector. The team continues to focus on transparency and proactive risk management strategies to mitigate these challenges, ensuring the platform remains secure and compliant.
DigiFinexToken (DFT) FAQ – Key Metrics & Market Insights
Where can I buy DigiFinexToken (DFT)?
DigiFinexToken (DFT) is widely available on centralized cryptocurrency exchanges. The most active platform is DigiFinex, where the DFT/USDT trading pair recorded a 24-hour volume of over $3 047 192.90.
What's the current daily trading volume of DigiFinexToken?
As of the last 24 hours, DigiFinexToken's trading volume stands at $3,047,192.90 , showing a 51.79% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's DigiFinexToken's price range history?
All-Time High (ATH): $0.865796
All-Time Low (ATL): $0.005565
DigiFinexToken is currently trading ~98.82% below its ATH
and has appreciated +119% from its ATL.
How is DigiFinexToken performing compared to the broader crypto market?
Over the past 7 days, DigiFinexToken has declined by 11.47%, underperforming the overall crypto market which posted a 8.82% gain. This indicates a temporary lag in DFT's price action relative to the broader market momentum.
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DigiFinexToken Basics
| Development status | Working product |
|---|---|
| Org. Structure | Centralized |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Website | digifinex.com |
|---|---|
| Wallet | Coins Mobile App |
| Asset type | Token |
|---|---|
| Contract Address |
| Explorers (1) | etherscan.io |
|---|
| Tags |
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|---|
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Popular Calculators
DigiFinexToken Exchanges
DigiFinexToken Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to DigiFinexToken
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 4 | BNB BNB | $91 626 234 859 | $658.31 | $3 351 884 556 | 139,184,442 | |||
| 18 | WhiteBIT Coin WBT | $7 653 221 464 | $53.10 | $243 901 459 | 144,118,517 | |||
| 19 | LEO Token LEO | $6 900 876 705 | $7.47 | $1 988 649 | 923,921,789 | |||
| 28 | OKB OKB | $4 479 872 864 | $74.66 | $66 711 709 | 60,000,000 | |||
| 42 | Cronos CRO | $2 134 688 097 | $0.080337 | $45 228 386 | 26,571,560,696 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 368 860 703 | $0.999710 | $163 233 823 267 | 177,420,277,588 | |||
| 6 | USDC USDC | $71 969 176 838 | $1.000446 | $37 485 180 265 | 71,937,076,655 | |||
| 9 | Lido Staked Ether STETH | $20 070 546 884 | $2 049.19 | $176 599 821 | 9,794,399 | |||
| 14 | Wrapped Bitcoin WBTC | $9 223 383 455 | $70 311.97 | $1 382 355 180 | 131,178 | |||
| 15 | Wrapped Liquid Staked Ether 2.0 WSTETH | $8 932 765 261 | $2 512.22 | $162 885 885 | 3,555,731 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
DigiFinexToken



