Cryptocurrency markets are talking about the UNFI coin rise of the Unifi Protocol DAO. The token, which was traded at about $ 3.5, increased by nearly 900 percent to $ 34.60. After the said development, “What is Unfi coin, why is it rising? On which exchanges is Unfi coin available? Searching for answers to questions.
UNFI, which went up to $ 34.60 and then experienced a slight decrease, finds buyers at $ 00 as of 35:27.25 CET. So, what is Unfi coin, why is it rising?
What is Unficoin?
UNFI is the management token of the smart contract platform Unifi Protocol, which provides a multi-chain and interoperable framework for developers to build DeFi products on various blockchains.
Built on the Ethereum Blockchain, Unifi Protocol is a DeFi-focused Blockchain project that adheres to the principle of interoperability.
Users can stake UNFI on Unifi Protocol, authorize Community Council Agents with UNFI and earn rewards in these ways.
Among the investors of Unifi Protocol are companies such as Bibox, BitBlock Capital, Consensus Capital, MEXC Global, Crc Capital, as well as Binance.
Why did Unfi coin go up?
Traded at $ 7 on June 3.5, UNFI rose by more than 40 percent to over $ 1000 in a short time.
The Unifi Protocol rose after approval for a major update to the DAO. While it is not clear whether the rise is directly related to this development, the update brings significant changes to the protocol's reward token UP.
In the press release, it was noted that the new and improved UP will increase the efficiency of all related Unifi products, bringing more passive income to all UP owners.
UNFI finds buyers at $00 as of 35:27.25 CEST. Despite the decrease, the increase in UNFI is still around 700 percent.
On which exchanges is Unfi coin available?
UNFI; It is listed on many crypto exchanges, including Binance, Coinbase, KuCoin, Gate.io, Poloniex, MEXC, Phemex and more.
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