One team whose projects we follow with great interest here at Altcoin Buzz is the team from Enjin. They just secured a parachain slot on Polkadot. And now, their cross-chain NFT platform Efinity is available on Huobi.

Huobi made the announcement via Twitter and said that Efinity is available for deposits and to trade in their Pioneer Zone. The Pioneer Zone excludes some countries including the US and Mainland China. Yet, there are still millions more people that will be able to access Efinity’s EFI from this new listing. The trading pair is EFI/USDT.

EFI’s goal is to make creating, buying, selling, or using NFTs easier for anyone who wants one. They will be able to accept tokens from all other exchanges including ERC-20 and the two popular NFT tokens ERC-721 and 1155. Efinity is built on Polkadot (why they wanted that parachain slot) and you can use the coin for:

  • fees from running a node
  • governance
  • trading
  • receiving grants from the community
  • and bonding and liquidity

So EFI is a utility coin with a few uses. And with their new parachain slot and this new listing, we think their future is bright.

About Huobi

Huobi is the 6th ranked exchange on CoinMarketCap. That’s based on CMC’s own proprietary scoring system. More importantly, Huobi is China’s #1 exchange and they’ve been in business since 2013. Huobi is one of the places people go, aside from:

  • Gate.io
  • Kucoin
  • or Binance

to buy new coins and smaller projects. So this is a big deal for Efinity to get listed there.

EFI Price Activity

EFI is currently trading at 83c up 2% in the last 24 hours. Its total supply is 2 billion tokens. Before this announcement, the biggest markets to buy EFI were Gate.io and OKEx. You can also buy it on Crypto.com and MEXC.

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