LFi rolled out its first smartphone in their ecosystem, LFi One. But it is not just a typical mobile device that you see everyday — it’s a smartphone that&nbsp;can mint crypto tokens.&nbsp; 
<h2 class="wp-block-heading" id="what-is-minting">What is Minting?&nbsp;</h2> 
Crypto minting refers to the process of&nbsp;creating new units of a particular cryptocurrency. Although the term sometimes is used interchangeably with “mining,” minting creates new tokens or coins without the need of computational work.&nbsp; 
It is an important part of the process by which new cryptocurrency units are created and added to the market, and it can occur through a variety of different mechanisms depending on the specific cryptocurrency being minted. 
In some cases, crypto minting can occur through a process called staking, which involves holding a certain amount of a cryptocurrency in a wallet or on a particular blockchain network. Stakers are then rewarded with newly minted units of the cryptocurrency, based on the amount they hold and the length of time they have held it. 
<h2 class="wp-block-heading" id="minting-using-lfi-one">Minting Using LFi One&nbsp;</h2> 
LFi One, the first smartphone of the LFi Ecosystem, is built not just to be a smartphone but to be a minting hardware too. Apart from its&nbsp;top-notch features&nbsp;that can compete with the leading smartphones in the market, LFi One can do one thing that other mobile devices can’t: mint tokens.&nbsp; 
Within the mobile device is a powerful software that allows the phone to mint tokens and generate rewards for the user. All you have to do is to make sure that your LFi One is connected to the internet and the phone will start minting crypto LFi tokens.&nbsp; 
The price of an LFi token is currently&nbsp;$1&nbsp;and while the developments of the platform are underway, the price has the potential to go up in the coming years.&nbsp; 
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LFi One, the Smartphone That Can Mint Tokens

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