Hifi Finance
Name
Hifi Finance
Summary
Hifi finance (Formerly known as Mainframe ) is a lending protocol that enables anyone to borrow against crypto
-It was founded in 2013 by Jordan Croxton & Doug Leonard
-It is an Ethereum based blockchain.
Rating
Symbol
MFT
Overview
Hifi Finance utilizes an instrument which is similar to a bond that represents an on-chain obligation for a set date.Buying and selling the tokenized debt enables fixed-rate, fixed term lending and borrowing
The hifi finance protocol has several utilities which are explained below :
Borrow: Lock collateral in a vault to mint fixed-rate, fixed-term debt tokens. These debt tokens can be swapped for instant liquidity allowing users to leverage long, yield farm, or pursue other strategic trades without selling their collateral tokens.
Lend: Buy fixed-rate, fixed-term debt tokens for a discount. When the term expires they can be redeemed for face value, earning lenders a predictable return on their investment.
Provide Liquidity: Earn trading fees by providing liquidity between debt tokens and stablecoins on an Automated Market Maker (AMM).
Historical Price Movement (in INR)
Technology
Mainframe is a platform for building and running distributed, unstoppable apps. It features an alpha version of Mainframe OS, a platform for developers to create and deploy decentralized applications (dApps) as well as an interface for end-users to find and interact with these applications. The user interface (UI) enables users to manage their identity, wallet, and contacts to help make the underlying web 3 infrastructure more accessible.
Mainframe OS is a slight misnomer, as it is not an operating system in the conventional sense. Instead, it is an application available for MacOS (with additional platform support in the works). But Mainframe OS offers specific utilities that emulate an OS (such as the integration of identity, contacts, and asset wallets), enabling it to act like an operating system for a user's web 3 experience.
Use of Native tokens in the ecosystem: MFT Token is an utility token which is utilized for governance votes, staking as well as borrowing.
Private sale investors
47%
Crowd Gift Giveaway
4.63%
Advisors
1.27%
Mainframe ( Allocated )
25%
Ecosystem Reserve
14.6%
Ecosystem Fund
7.5%
Volume (1st May 2022)
$26,197,876
Total Supply
10.00B MFT
Circulating supply
10.00B MFT
Crowd Sales
It has raised $30.3M in funding
Funding
04/07/2018-Initial Coin Offering-N.A
01/03/2018-Seed Round-N.A
23/02/2018-Seed Round-N.A
14/02/2018-Seed Round-N.A
06/02/2018-Seed Round-N.A
05/02/2018-ICO-N.A
20/12/2017-ICO-N.A
01/03/2017-ICO-$30M
28/10/2014-Pre Seed Round -$200K
24/03/2014-Convertible Note-$100K
Country
USA
Name of Organization
Mainframe Group, Inc.
Year Incorporated
2013
Registered Address
San Mateo, California, United States
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Jordan Croxton | Lead Developer | Brigham Young UniversityBachelor of Arts - BA, Graphic Design | 7Yrs |
| Doug Leonard | CEO | Brigham Young UniversityMaster's degree, Management Information SystemsBrigham Young UniversityBachelor of Science (BS), Information Systems | 22Yrs |
Whitepaper 
