## What Is Hifi Lending Protocol (MFT)?

Hifi (formerly Mainframe) is a Lending Protocol that allows anyone to borrow against their crypto. Hifi uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate, fixed term lending and borrowing — something much needed in decentralized finance today. It is anticipated that a ticker symbol change will occur alongside future iterations on the Hifi Lending Protocol. 

Mainframe Token (MFT) is the native utility token that is used for:

* Governance votes 
* Staking to ensure the safety of the protocol
* Rewarding contributors to the ecosystem

What can you do with the Hifi Lending Protocol: 

* 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).


## How Many MFT Tokens (MFT) Are There in Circulation?

Hifi (formerly Mainframe) launched its token in Q1 2018, with a supply cap of 10B tokens. All tokens have vested and are widely distributed.


### Who Are the Founders of the Hifi Lending Protocol?

Hifi (formerly Mainframe) was founded by Mick Hagen in 2017. Through 2018 and 2019 the team released a decentralized chat application and a decentralized operating system, but both products failed to gain significant traction.

In 2019 the team pivoted into Defi and started working on a decentralized lending and borrowing platform.  Mick handed over the role of CEO to Doug Leonard in early 2020.  Doug had been working with the company since 2018 with a background in software development and IT security.

Doug rebuilt the team, acquiring the token streaming protocol Sablier, and hiring its founder and developer Paul Razvan Berg as the lead engineer. In February 2021 Mainframe officially rebranded to Hifi.

### Where Can I Buy Mainframe Token (MFT)?

MFT is available for trading on a growing number of exchanges, with cryptocurrency and [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) pairs currently available.

[Binance](https://coinmarketcap.com/exchanges/binance/) offers the largest amount of liquidity as of February 2021, while [Bittrex](https://coinmarketcap.com/exchanges/bittrex/) also offers a [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC) pair, and [Upbit](https://coinmarketcap.com/exchanges/upbit/) has a KRW pair.
MFT can also be purchased on [Uniswap V2](https://coinmarketcap.com/exchanges/uniswap-v2/) for a decentralized option. 
New to cryptocurrency?



Mainframe

Ledger

Trust Wallet

MetaMask

Ethereum

Shiba Inu

Chainlink

Uniswap

UNUS SED LEO

Pepe

The Graph

Bitget Token

Maker

SingularityNET

Lido DAO

Ethereum Name Service

FLOKI

Bonk

Render

BARRON

SatoshiVM

Gold Fever

ROTTYCOIN

LandWu

QuarkChain

BitShares Blockchain is a decentralized “Blockchain as Organization” (BaO); an industrial-grade decentralized open source platform built to run high-performance financial technology operations. It represents the first decentralized autonomous decentralized community that enables its core utility token (BTS) holders to decide the Blockchain future direction in order to develop and maintain a wide range of decentralized financial technology products, features and functions. BitShares Blockchain is a Blockchain that permanently records financial technology operations between different Blockchain accounts and facilitates a wide range of access controls across BitShares Blockchain user financial means.

BitShares Blockchain is a technology that supports the digital generation entrepreneurs, investors, and developers with a common interest in building and participating in free market solutions by leveraging the power of globally decentralized consensus and decision making. Consensus technology has the power to do for economics what the internet did for information. It can harness the combined power of all humanity to coordinate the discovery and aggregation of real-time knowledge, previously unobtainable. This knowledge can be used to more effectively coordinate the allocation of resources toward their most productive and valuable use.

BitShares looks to extend the innovation of the Blockchain to all industries that rely upon the internet to provide their services. Whether its banking, stock exchanges, lotteries, voting, music, auctions or many others, a digital public ledger allows for the creation of distributed autonomous companies (or BaO) that provide better quality services at a fraction of the cost incurred by their more traditional, centralized counterparts. The advent of (BaO) ushers in a new paradigm in organizational structure in which companies can run without any human management and under the control of an incorruptible set of business rules. These rules are encoded in publicly auditable open source software distributed across the computers of the companies’ shareholders, who effortlessly secure the company from arbitrary control. BitShares does for business what bitcoin did for money by utilizing distributed consensus technology to create companies that are inherently global, transparent, trustworthy, efficient and most importantly profitable.

BitShares has went through many changes and has done its best to stay on top of Blockchain technology. BitShares is using Consensus as the mechanism by which organized people decide upon unitary rational action. While not considered technology in the traditional since, consensus “technology” is the basis of democratic governance and the coordination of free market activity first coined by Adam Smith as the “Invisible Hand.” The process of consensus decision-making allows for all participants to consent upon a resolution of action even if not the favored course of action for each individual participant. Bitcoin was the first system to integrate a fully decentralized consensus method with the modern technology of the internet and peer-to-peer networks in order to more efficiently facilitate the transfer of value through electronic communication. The proof-of-work structure that secures and maintains the Bitcoin network is one manner of organizing individuals who do not necessarily trust one another to act in the best interest of all participants of the network. The BitShares ecosystem employs Delegated Proof of Stake in order to find efficient solutions to distributed consensus decision making.

BitShares

Founded by Peter Kim, MovieBloc is a reverse ICO project driven by the Korean video streaming platform Pandora.tv. MovieBloc is a decentralized movie and content distribution platform.

MovieBloc

Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. With enterprise partners like Samsung, Nike and Lego. StormX also allows users to stake the native STMX token to boost their rewards.

The company has already attracted investments from Blockfolio, Litecoin Foundation and Kyber Network. StormX has successfully developed its product and has become an industry leader in the crypto cashback community. The company is also catching users’ attention by offering cashback of up to 87.5% for some purchases.

StormX

FUNToken stands out in the crowded blockchain space due to its unique combination of innovation, utility, and commitment to the GameFi and DeFi sectors. At its core, FUNToken is designed to revolutionize online gaming and decentralized finance by providing a fast, transparent, and trustless platform for transactions and gaming experiences. Unlike traditional gaming and financial platforms, FUNToken leverages blockchain technology to ensure security, reduce transaction costs, and enhance user autonomy by allowing players and investors to have complete control over their assets without intermediaries. Moreover, its integration into various gaming platforms and DeFi applications offers users unparalleled access to a vast ecosystem of entertainment and financial opportunities. With its focus on user experience, scalability, and continuous innovation, FUNToken is not just another digital asset; it's a gateway to a new era of digital interaction, making it a standout project in the blockchain community.

FUNToken

PERL.eco

Ardor

Akropolis is a company that operates an Ethereum-based decentralized finance protocol that seeks to provide an autonomous financial ecosystem for saving and growing wealth, including through borrowing and lending. To do so, it offers a series of products including AkropolisOS, a framework for developing for-profit decentralized autonomous organizations, Sparta, a platform for uncollateralized lending, and Delphi, a yield farming aggregator and tool for dollar-cost averaging.

The project uses an ERC-20 token, AKRO, for protocol governance across its suite of products.

Akropoli was first announced in March 2018, launching on the Ethereum mainnet in June 2020.

Akropolis

ThunderCore

IOST describes itself as an “ultra-fast,” fully fledged and decentralized blockchain network and ecosystem with its own nodes, wallets and based on the “next-generation” consensus protocol dubbed “proof-of-believability.”

IOST

Augur

IRISnet is a service protocol and cryptocurrency, which was officially launched on Mar. 1, 2019. The primary purpose of the IRISnet protocol is to provide a blockchain-based, open network to small and medium businesses that are offering a wide variety of services.

According to the official IRISnet Whitepaper, the protocol aims to employ different public and consortium blockchains to bring the power of decentralized, open networks to thousands of businesses and freelance service providers. Interestingly, IRISnet was named after Iris, the personification of the rainbow and the messenger of the Gods in Greek mythology.

IRISnet

Contentos

JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.

The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.

It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.

To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.

The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.

JUST

Reef is a Reliable Extensible Efficient Fast Layer-1 Blockchain for DeFi, NFT & Gaming. Built using Substrate Framework, it provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase.

Reef Chain is the most advanced EVM-compatible blockchain. It's self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades. In the near future, it will support additional VMs which will allow developers to write code in multiple programming languages. The network runs on a Nominated Proof-of-Stake (NPoS) consensus mechanism, which offers scalability and low fees.

REEF is the native token that is used for:

Fees for processing transactions and storing data.

Running validator nodes by staking REEF tokens.

Nominating which validator nodes should be part of the network.

Reef is backed by multiple leading funds and venture capitalists including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.

Reef Chain development tools include:

Remix and EVM integrated development environments for uploading and deploying smart contracts.

Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance.

Reef command line tools that allow developers deploy applications from local environments.

Reef wallet for accessing and interacting with the blockchain

Reef

aelf

AirSwap

Dock is building a gateway to Web3 by providing simple solutions for businesses and developers to build, manage, and present digital Verifiable Credentials and decentralized identities using blockchain.

Dock provides credentialing technology that can be used to create cryptographically secure and instantly verifiable digital credentials, including workforce certificates, academic achievements, identity documents, and KYC checks.

Since 2017, Dock has been building Decentralized Identity and Verifiable Credentials (VC) technology, which will act as a gateway to Web3 in the future. We have been collaborating with organizations to adapt and innovate in the Web3 ecosystem by helping them understand the true ownership of their data and making their documents, certificates, and credentials become digital, tamper-proof, and instantly verifiable. Web3 is about data ownership and by using Dock’s technology, individuals can now truly own and control their most important documents and regain control over their data.