defichain logo
DeFiChain
DFI
$0.10

Sector

Defi

Exchange Debut

2020-07-01

Market Cap

89,789,376

Maxim Supply

1,200,000,000

Circulating Supply

859,885,438

Circ. Supply(%)

71.66%
defichain logo

DeFiChain

DFI

Price

$0.10

Market Cap

Sector

Exchange Debut

89,789,376
2020-07-01

Volume 24h

High 24h

Low 24h

4667556
0.109683510152
0.103282026355

Change 24h

Change 7d

Change 30d

-4.0423
16.2
-26.9743

Maxim supply

Circulating supply

Circulating supply(%)

1,200,000,000
859,885,438
71.66%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the DeFiChain-DFI cryptocurrency:

 

DeFiChain (DFI) emerges as a notable player in the realm of decentralized finance (DeFi), particularly within the Bitcoin ecosystem. With its commitment to addressing challenges like scalability, security, and decentralization, DeFiChain offers a transparent and efficient platform for transactions. The fundamental analysis of the DeFiChain-DFI cryptocurrency yields an overall score of 6.6 out of 10, reflecting a balanced blend of strengths and areas for improvement across various aspects of the project.

SOCIAL & MASS MEDIA: Score 6.1 out of 10

In the arena of social and media presence, DeFiChain has demonstrated moderate effectiveness, scoring 6.1 out of 10. The project shows potential in media presence and administrator activities but faces challenges in attracting followers and community engagement on social media platforms. This aspect is crucial in the fundamental analysis of the DeFiChain-DFI cryptocurrency, as it impacts the project’s visibility and user base growth.

AUDIT & SECURITY: Score 6.48 out of 10

Audit and security, pivotal for any crypto project, sees DeFiChain scoring 6.48 out of 10. The project’s commitment to transparency and the results of audits are commendable. However, improvements in liquidity on exchanges could enhance trust and stability, further solidifying the fundamental analysis of the DeFiChain-DFI cryptocurrency.

TOKENOMICS: Score 6.75 out of 10

The token economy of DeFiChain scores 6.75 out of 10. The project’s management of inflation and decentralization of monetary mass are noteworthy. These elements are integral to the fundamental analysis of the DeFiChain-DFI cryptocurrency, influencing its long-term viability and appeal to investors.

ECOSYSTEM DEVELOPMENT: Score 7.96 out of 10

DeFiChain’s ecosystem development is a strong point, scoring 7.96 out of 10. The project’s progress in achieving objectives and plans for future developments is promising, highlighting its commitment to growth and innovation. This is a key aspect in the fundamental analysis of the DeFiChain-DFI cryptocurrency, reflecting its potential for future expansion.

TEAM & DEVELOPERS: Score 5.6 out of 10

The team behind DeFiChain scores 5.6 out of 10. While the number of software developers is impressive, the overall experience of the team appears to need enhancement. This is a critical factor in the fundamental analysis of the DeFiChain-DFI cryptocurrency, as the team’s expertise drives the project’s success.

PRODUCT & UTILITY: Score 6.9 out of 10

In terms of product and utility, DeFiChain scores 6.9 out of 10. The utility of the product and its tokens within the ecosystem show promise but also room for improvement. This aspect is vital in the fundamental analysis of the DeFiChain-DFI cryptocurrency, determining its practical value in the market.

PARTNERS & INVESTORS: Score 4.9 out of 10

The project’s performance in attracting partners and investors is relatively modest, with a score of 4.9 out of 10. Enhancing the quality and number of partnerships could significantly impact the project’s growth and stability, an important consideration in the fundamental analysis of the DeFiChain-DFI cryptocurrency.

Fundamental analysis of the DeFiChain-DFI cryptocurrency – The final conclusion

In conclusion, DeFiChain (DFI) presents a balanced mix of opportunities and challenges. With an overall score of 6.6 out of 10 in its fundamental analysis, it shows potential in ecosystem development and token economics. However, areas like team experience, social media engagement, and partnerships require attention. The project’s commitment to solving key DeFi issues within the Bitcoin ecosystem is commendable, but its success hinges on addressing these improvement areas. Investors considering DeFiChain should weigh these factors, acknowledging both its promise and the risks involved in this evolving cryptocurrency landscape. The fundamental analysis of the DeFiChain-DFI cryptocurrency reveals a project with potential, yet one that necessitates cautious optimism in the dynamic world of DeFi.

What is DeFIChain?

 

DeFiChain (DFI) is a blockchain platform designed to optimize the potential of decentralized finance (DeFi) within the Bitcoin ecosystem. Launched in fall 2019, it aims to provide financial services typically offered by commercial banks, such as lending, borrowing, and investing. DFI is unique in its decentralization, ensuring users have control over the network without interference from authorities.

Unique Features and Founders

DeFiChain stands out with its focus on scalability, security, and decentralization. It operates on a software fork of Bitcoin, leveraging a non-Turing complete transaction system for speed and reduced smart contract errors. The platform’s founders, Dr. Julian Hosp and U-Zyn Chua, bring expertise and innovation to the project, with Hosp being a well-known figure in the crypto industry.

DeFiChain’s Technological Innovation

The platform addresses limitations of existing blockchains like Bitcoin and Ethereum, particularly in scalability and security. DeFiChain utilizes a hybrid proof of stake (PoS) and proof of work (PoW) consensus mechanism, offering a secure and efficient transaction environment. This hybrid model, along with its integration with Bitcoin, enhances the platform’s security and reliability.

DFI Token Supply and Security

DeFiChain’s native token, DFI, has a capped supply of 1.2 billion coins. It serves various roles, including transaction fee payments and governance participation. The network’s security is bolstered by its non-Turing complete programming language and regular cryptographic snapshots stored on the Bitcoin blockchain. Audits by SlowMist and KnownSec further affirm the platform’s robust security measures.

Fundamental analysis of the DeFiChain - DFI cryptocurrency

DeFiChain - DFI performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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