MobiFi price

MoFi

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Founded in 2021, MobiFi is a decentralized Mobility as a Service provider powered by blockchain and tokenization. The project aims to integrate public and private service providers such as buses, trains, e-scooters, parking, EV charging, and more, into a single platform.

Featuring a reward engine that’s fully automated via smart contract, the platform incentivizes users to lighten their footprint without locking them into a siloed loyalty program. This way, MobiFi intends to accelerate the transition towards sustainable mobility by rewarding users for their eco-friendly travel decisions, such as commuting at off-peak hours, or taking the bus, for example.

The project has a dual-token system: SMile & MoFi.

The SMile token is developed by R3 Corda enterprise blockchain, and is pegged by fiat currency specifically designed for payments within the mobility ecosystem. The MobiFi system mints Corda-connected SMile tokens with an internal reward model based on the scale of the mobility service market.

The MoFi token uses Ethereum’s ERC-20 standard and is a deflationary utility token to be exchanged for SMile and then burned to ensure efficient token circulation to all stakeholders within the ecosystem.

MobiFi was founded by Yudi Xu, EX-CTO consultant at Shell and current MVP of Hedera Hashgraph. Having won awards such as the Dutch Mobility Hackaton in 2019, Yudi Xu has a vast experience in the areas of IoT, Big Data, Blockchain.

The rest of the MobiFi team with over 10 members has experience from a wide range of disciplines and includes a combination of developers, engineers, designers, as well as marketing and business experts.

The team is supported by experienced and renowned advisors in the fields of blockchain, tokenization, banking, mobility, VCs, and more.

MobiFi represents a pioneering approach in the integration of blockchain technology with the mobility sector, aiming to redefine how public and private transportation services are accessed and paid for. Launched in 2021, this decentralized platform seeks to amalgamate various mobility services, including but not limited to buses, trains, e-scooters, parking, and electric vehicle charging, into a unified ecosystem. This integration is facilitated through a web3-based application, simplifying the process for users to make crypto payments and discover local services.

At the heart of MobiFi's innovation is its automated reward engine, governed by smart contracts. This feature is designed to encourage users to make eco-friendly travel choices, such as opting for public transportation or traveling during off-peak hours, by offering them incentives. This mechanism not only promotes sustainable mobility but also ensures that users are not confined to restrictive loyalty programs.

A distinctive aspect of MobiFi is its dual-token model, which comprises SMile and MoFi tokens. The SMile token, developed on the R3 Corda enterprise blockchain, is pegged to fiat currency and tailored for transactions within the mobility ecosystem. It is minted based on the scale of mobility service usage and is intended for payments. On the other hand, the MoFi token, adhering to the Ethereum ERC-20 standard, serves as a deflationary utility token. It facilitates the exchange for SMile tokens, which are subsequently burned, thereby maintaining a balanced token circulation within the ecosystem.

The team behind MobiFi, led by Yudi Xu, a former CTO consultant at Shell and an MVP of Hedera Hashgraph, brings together a diverse group of professionals with expertise in IoT, Big Data, blockchain, and more. Their collective experience and dedication are instrumental in driving the project towards its goal of making sustainable mobility accessible and rewarding for all.

MobiFi's ambition extends beyond creating a decentralized mobility platform. It aims to pioneer the Corda to X bridge protocol, connecting businesses with the Crypto & DeFi sectors. This initiative is poised to facilitate the mainstream adoption of crypto payments, allowing end-users to leverage their mobility credits for accessing Crypto and DeFi services, thereby meeting their broader financial needs while fostering a sustainable environment.

In summary, MobiFi stands out for its innovative approach to integrating blockchain technology with the mobility sector, offering a comprehensive solution that not only simplifies access to various transportation services but also incentivizes sustainable travel behaviors. Its dual-token model and the development of a bridge protocol underscore its commitment to enhancing the utility of crypto in everyday life, making it a noteworthy project in the blockchain and mobility domains.

MobiFi employs a multifaceted approach to ensure the security and integrity of its platform, aligning with industry standards and incorporating advanced technological measures. The platform adheres to the international PCI DSS security standard, a testament to its commitment to safeguarding user data and transactions. This compliance ensures that MobiFi maintains a secure network, protects cardholder data, and implements strong access control measures among other security protocols.

In addition to adhering to these rigorous standards, MobiFi integrates several layers of security technologies and practices. Encryption is a cornerstone of its security framework, ensuring that all data transmitted across the platform is protected against unauthorized access. Password protection mechanisms are in place to secure user accounts, while multi-factor authentication adds an extra layer of security, verifying the identity of users before granting access to sensitive information or features.

The decentralized nature of blockchain, which underpins the MobiFi platform, inherently offers additional security benefits. By distributing its operations across a network of computers, MobiFi reduces the risk of centralized points of failure, making it more resilient against attacks and fraud.

However, it's important for users to remain vigilant and adopt personal security measures. The landscape of cryptocurrency can be complex, and while MobiFi takes extensive precautions to secure its platform, users are encouraged to exercise caution and conduct thorough research before engaging in any cryptocurrency transactions.

MobiFi's approach to security is comprehensive, blending compliance with recognized standards, the application of advanced security technologies, and the inherent benefits of blockchain technology. This multi-layered strategy is designed to protect the platform and its users, fostering a secure environment for engaging with the mobility ecosystem and cryptocurrency transactions.

MobiFi is positioned as a pioneering decentralized Mobility as a Service (MaaS) platform, leveraging blockchain technology and tokenization to revolutionize the way we access and pay for various mobility services. By integrating public and private transportation providers into one seamless platform, MobiFi aims to simplify the user experience while promoting sustainable travel choices.

The platform's innovative reward engine, powered by smart contracts, incentivizes users for making eco-friendly travel decisions, such as choosing public transportation or commuting during off-peak hours. This approach not only encourages a shift towards more sustainable mobility options but also offers a unique value proposition by rewarding users in a way that traditional loyalty programs do not.

MobiFi's dual-token model is another key aspect of its ecosystem. The SMile token, developed on the R3 Corda enterprise blockchain, is pegged to fiat currency and designed for transactions within the mobility ecosystem. This token facilitates payments for services like buses, trains, e-scooters, parking, and EV charging. On the other hand, the MoFi token, based on the Ethereum ERC-20 standard, serves as a deflationary utility token within the ecosystem. It can be exchanged for SMile tokens and is then burned, ensuring a balanced token circulation among stakeholders.

Furthermore, MobiFi extends its utility beyond mobility services. The platform supports decentralized finance (DeFi) activities such as lending, borrowing, and yield farming. It also enables users to manage cryptocurrencies, launch masternodes, set up MultiSig addresses, and manage liquidity pools. The inclusion of a dual token model facilitates compliance with large corporations and connects traditional businesses with DeFi, expanding the platform's reach and utility.

The project is led by a team of experienced professionals from various fields, including blockchain, IoT, big data, and mobility. Their collective expertise, along with the support of renowned advisors, positions MobiFi to make a significant impact on the mobility and cryptocurrency sectors.

In essence, MobiFi is not just about providing a platform for accessing mobility services. It's about creating a sustainable ecosystem that rewards eco-friendly behavior, bridges the gap between traditional businesses and DeFi, and offers a wide range of functionalities to meet the diverse needs of its users.

MobiFi has experienced several pivotal moments since its inception, reflecting its growth and innovation in the blockchain and cryptocurrency space. Initially, the project embarked on infrastructure development in Nigeria, signaling its commitment to expanding its technological footprint and accessibility. This move was complemented by the introduction of a loyalty program designed to reward users for eco-friendly travel behaviors, aligning with MobiFi's mission to promote sustainable mobility.

Further enhancing its service offerings, MobiFi implemented microloans and service tokenization, providing users with more flexibility and financial options within the mobility ecosystem. The release of the WaykiChain Wallet DApp marked a significant technological advancement, offering users a secure and efficient means to manage their digital assets.

The project's momentum continued with the launch of their app and token staking features, which have been instrumental in engaging the community and providing more utility to its users. Strategic partnerships have been a cornerstone of MobiFi's strategy, with collaborations with entities like SpiderDAO and Polygon, enhancing its service offerings and expanding its network.

MobiFi's commitment to sustainable travel is evident in its plans for global expansion, aiming to make eco-friendly mobility options accessible to a broader audience. The project's dual-token model, featuring SMile and MoFi tokens, exemplifies its innovative approach to connecting traditional businesses with decentralized finance (DeFi), facilitating seamless transactions within the mobility ecosystem.

The team behind MobiFi, led by Yudi Xu, brings together a diverse group of professionals with expertise across blockchain, IoT, big data, and more. Their collective experience and vision have been pivotal in navigating the project's journey and achieving milestones.

In essence, MobiFi's key events highlight its dedication to leveraging blockchain technology for sustainable mobility, its strategic partnerships, and technological advancements, positioning it as a notable player in the decentralized mobility space.