Efinity Token Sale on CoinList Draws Second-Highest Number of Unique Registrations, Platform Also Announces Qredo Token Sale

Digital asset platform CoinList says it’s pleased to confirm that the Efinity Token Sale on CoinList has added over 40,000 new token holders to the Efinity community, with “more than $19M in EFI tokens purchased throughout the course of the sale.”

CoinList also mentioned that the event drew “massive” demand on CoinList, with “more than 652,000 unique registrants, the second highest in CoinList history.”

As noted by the company, businesses and developers require a platform that’s able to offer a modern, mainstream, and “developer-friendly” (non-fungible token) NFT experience. Creators should not have to work with high fees, “inflexible” smart contracts, and “disjointed interoperability,” the company added while pointing out that the Efinity team “understands this.”

As noted by CoinList, the Efinity blockchain is a “cross-chain” NFT network that is powered by the Efinity Token (EFI) and developed on Polkadot. Efinity claims that it’s “environmentally friendly, scalable, and built to enable a future where NFTs are as widespread and easy to use as smartphones today.” Efinity will allow any NFT from any chain “to be moved to the network, supercharging it with next-gen features, low fees, and fast transaction times.”

The announcement further noted that they are “humbled by the size and commitment of support and are proud to help make EFI available to the broader crypto ecosystem.”

In a separate announcement, CoinList noted that they’re announcing that registrations for the Qredo Token Sale are currently open.

As noted by CoinList, Qredo is “rearchitecting digital asset ownership and blockchain connectivity by offering decentralized custody, native cross-chain swaps and cross-platform liquidity access.”

The Qredo Token Sales sale is scheduled to start “on July 8, 17:00 UTC.”

There are two public options:

  • Option 1:
    • Date: July 8, 17:00 UTC
    • Price: $0.50 per token
    • Min/max: $100 min, $500 max
    • Cliff: 2 months
    • Release: 0 months
    • Supply: 30M token\
  • Option 2:
    • Date: July 8 2021, 23:00 UTC
    • Price: $0.225 per token
    • Min/max: $100 min, $1,000 max
    • Cliff: 6 months
    • Release: 12 months at weekly intervals
    • Supply: 10M tokens

The registration deadline for the Qredo sale “is July 6, 00:00 UTC.” (Note: check here for more information on this offer.)

As mentioned in a blog post by CoinList:

“Qredo is rearchitecting digital asset ownership and blockchain connectivity. By bringing liquidity and capital efficiency to the blockchain economy, Qredo is able to offer decentralized custody, native cross-chain swaps, and access to cross-platform liquidity.”

According to CoinList, here are some reasons that they are so excited about Qredo:

  1. Fast Finality Blockchain – Qredo is “built on Tendermint, a fast-finality consensus engine tuned to handle thousands of transactions per second.” Additionally, Qredo “includes a layer 2 statechain that transfers and records asset ownership across different layer 1 blockchains and within the Qredo Network itself.”
  2. Consensus Multi-Party Computation (MPC) Network – Next generation, consensus-driven, trustless MPC Network connects layer 1 blockchains “with the goal of eliminating digital asset theft.” The network includes programmable governance and workflow with “built in security for institutional trading and access to DeFi smart contracts.”
  3. Encrypted Messaging – Integrated with the Matrix network, a decentralized messaging architecture, Qredo “enables encrypted private communications to be cryptographically linked to transactions on the Qredo Network.” This messaging layer “enables unique applications to be built on Qredo such as Trader Chat, which allows traders to buy and sell straight from their favorite chat software.”

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