What is Efinity?

Built on Polkadot, Efinity is a parachain for trading both Fungible and non-fungible tokens. As an NFT marketplace, it facilitated users to ask and bid. And tokens created on other chains (for example, ERC-20, ERC-721, and ERC-1155 on Ethereum) can be imported to Efinity using a bridge.

What is the usage or value of EFI?

EFI is used for all transaction fee payments on the Efinity network. All marketplace bids and ask orders will be priced in EFI. EFI also serves as the governance token and can be staked to earn rewards.