Hifi Finance (MFT)

$0.008551 (-10.04%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
326 $85,510,900.00 $31,914,600.00 10,000,000,000 MFT -- -10.04% 4.35% $0.86

Exchange Pair Volume (24h) Price
Upbit MFT/KRW 32,905,118.00 9.8900000000
Binance MFT/USDT 31,873,487.00 0.0083800000
BKEX MFT/USDT 5,287,746.00 0.0083740000
Gate.io MFT/USDT 862,006.00 0.0083400000
HitBTC MFT/BTC 44,058.00 0.0000002258
HitBTC MFT/USD 49,799.00 0.0082145000
Binance MFT/ETH 2,877,749.00 0.0000037700
Binance MFT/BNB 1,650,304.00 0.0000247900
MXC MFT/USDT 255,949.00 0.0083390000
Hoo.com MFT/USDT 1,002,453.00 0.0083630000
Uniswap (v2) 0XDF2C7238198AD8B389666574F2D8BC411A4B7428/ETH 142,961.00 0.0000037385
Coinzoom MFT/BTC 20,135.00 0.0000002300
Coinzoom MFT/USD 23,855.00 0.0083000000
Coinzoom MFT/USDT 7,201.89 0.0083000000
Bilaxy MFT/ETH 697,673.00 0.0000037400
Upbit MFT/BTC 56,662.00 0.0000002200
Bittrex MFT/BTC 17,448.89 0.0000002200
Hotbit MFT/USDT 6,078.85 0.0083568400
Hotbit MFT/ETH 3,097.41 0.0000036900
Gate.io MFT/ETH 38.34 0.0000033880
Upbit Indonesia MFT/BTC 56,723.00 0.0000002200
1inch 0XDF2C7238198AD8B389666574F2D8BC411A4B7428/ETH 38,886.00 0.0000034990
Balancer (v1) 0XDF2C7238198AD8B389666574F2D8BC411A4B7428/ETH 3,729.52 0.0000034805
Paraswap 0XDF2C7238198AD8B389666574F2D8BC411A4B7428/ETH 510.50 0.0000033721

Background

Mainframe aims to build the necessary infrastructure for a new internet that places a premium on private, peer-to-peer, censorship-resistant application development and information transfer. Mainframe is led by Mick Hagen, a serial entrepreneur and a Princeton computer science dropout. At a high level, the team works to deliver three primary solutions to concerns with the current internet. First, Mainframe prioritizes information security via full end-to-end and group encryption on a privacy-friendly platform, which is a perceived weakness for projects like Keybase or Signal. Mainframe also focuses on user privacy with the goal of allowing developers and customers a surveillance-free experience without exposing personal and network information. Last, Mainframe aims to build a fully distributed, peer-to-peer protocol that offers a censorship-resistant haven for users, something today's internet cannot do.

Technology

Mainframe wants to build an unstoppable communications protocol layer incentivized by native tokens atop a peer-to-peer internet protocol. Critically, peer nodes need to agree to open information packet transfer channels, and participants can track their usage via the Swarm Accounting Protocol for Service Wanted and Provided (SWAP). Nodes charge and pay fees based on the bandwidth required to transfer packets and the reputation rating of a particular node (lower ratings are offset by charging higher fees), which can be accessed through the Mainframe credit scoring API. Information packet delivery is ensured through "finger pointing", building on the reputational nature of the network.



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