A revamped eFIN with eFIN Bridge and WeFIN Coin
One of the most exciting features about decentralized projects built on blockchain is that they are scalable. These projects can adapt and evolve with the demand and market trends. Yet, some projects fail to deliver on their promises for many reasons, but the forgiving crypto community usually allows them a second chance to reboot stronger than ever.
eFIN was one such project with ahead-of-its-time applications and internal struggles that could not gain enough transactions to become self-sustainable. However, the community took charge and helped eFIN redevelop stronger than ever and offer various new products, including a powerful eFIN bridge for interoperability and the new WeFIN coin.
The eFIN ecosystem
eFIN is a decentralized ecosystem that combines centralized and decentralized finance under a single umbrella. It offers an enviable set of products that provides interoperability, scalability, and security. The eFIN ecosystem consists of,
● eFIN Coin: The primary cryptocurrency used in the eFIN ecosystem.
● eFIN DEX: a peer-to-peer, non-custodial, decentralized exchange that operates within the decentralized eFIN Wallet.
● eFIN Swap: a hybrid dex swap aggregator which finds the best price from multiple exchanges automatically.
● eFIN Mobile Wallet: a mobile app that will be available for Android and iOS devices.
eFIN has added two more products to its already notable list of features: eFIN Bridge and WeFIN ( Wrapped eFIN Coin).
eFIN Bridge
eFIN operates on its native blockchain and Binance Smart Chain simultaneously to offer unparalleled interoperability for eFIN coin and all its other products. eFIN Bridge ensures a smooth to and fro movement of assets between these blockchains. It acts as a custodial multisig solution that holds native eFIN coins and issues its BSC equivalent whenever necessary.
eFIN Bridge equips the eFIN ecosystem to become a multi-chain solution that can take advantage of its native Bitcoin features and smart contracts on BSC simultaneously.
eFIN Bridge is scalable and will be used in the future to create a fork that will connect to the Ethereum Network to integrate its system to create a 3-protocol token. This bridge will be named eFIN ETH and will go live shortly.
The eFIN Bridge will also advance the capabilities of the eFIN Mobile Wallet. The company will use the Binance Bridge API to create a gateway between Ethereum, BSC, and native chains such as Bitcoin and Litecoin. This multi-way bridge is called the eFIN Universal Bridge and will be a game-changer for the entire crypto ecosystem.
WeFIN Coin
WeFIN is the wrapped eFIN Coin and a BEP-20 token that will act as its own ecosystem with several features, including low-cost transactions. The coin was listed on Coinsbit on June 29, 2021, and will integrate with the eFIN bridge to create tradable pairs such as WeFIN/BTC and WeFIN/USDT.
WeFIN Coin will enable quick transactions at low cost making trading more profitable for the user. eFIN Bridge and WeFIN coin will be a significant addition to the eFIN ecosystem and empower the platform to become one of the top players in the DeFi world.
