DeFine Price

DeFine is a cryptocurrency that operates on the Ethereum blockchain. It is the native token of the DeFine platform, which is an NFT social platform designed for creators, including artists, musicians, influencers, gamers, and athletes. DeFine serves multiple purposes within the DeFine ecosystem: 1. Governance: Token holders can participate in community decision-making. 2. Transaction fees: Used to pay for various operations on the platform. 3. Social features: Facilitates social interactions and engagement on the DeFine platform. 4. Staking: Users can stake DFA tokens to earn rewards. 5. Access to platform features: Required for using certain DeFine products like NFT DAO and NFT PLUS. Key details about DeFine: - Current price: $0.0004597 - 24h change: +0.23% - Market cap: $118.38K - Circulating supply: 257.52M DFA - Total supply: 500M DFA - All-time high: $3.8 (reached on August 25, 2021) DeFine aims to revolutionize the creator economy by leveraging blockchain technology and NFTs to create a decentralized social network in the Web 3.0 era. The token plays a crucial role in powering the platform's unique features, such as the NFT-based social profile system and the innovative NFT PLUS product.

DeFine was created on August 2, 2021. It was launched as an NFT social platform for creators, including artists, musicians, influencers, gamers, and athletes. The DFA token is built on the Ethereum blockchain and serves as the native token for the DeFine ecosystem, facilitating community governance, transaction fees, and various social features on the platform. Since its inception, DeFine has aimed to build a decentralized social network based on NFTs in the Web 3.0 world, offering unique features like an NFT-based social profile system and the innovative NFT PLUS product.

The founders of DeFine are not publicly disclosed. DeFine was launched as a decentralized project focused on creating an NFT social platform for creators. The team behind DeFine includes members from top universities like MIT, NYU, and Voronezh State University in Russia, with extensive experience in finance, consulting, and blockchain technology. While the specific founders are not named, the project aims to build a decentralized social network based on NFTs in the Web 3.0 ecosystem, allowing creators, fans, collectors and blockchain users to interact through features like staking, attention mining, and NFT-based products.

DeFine works as a decentralized cryptocurrency on the Ethereum blockchain. It serves as the native token for the DeFine platform, which is an NFT social network for creators. Key aspects of how DFA functions include: 1. Governance: DFA token holders can participate in community governance decisions for the DeFine ecosystem. 2. Transaction fees: DFA is used to pay for transaction fees on the DeFine platform. 3. Social features: The token facilitates various social interactions between creators and fans on the platform. 4. Staking: Users can stake DFA to earn rewards and access additional platform features. 5. NFT integration: DFA is closely tied to NFT functionality on DeFine, allowing for minting, trading, and interacting with NFTs. 6. Attention mining: Users can earn DFA through engagement and participation on the platform. 7. Access to products: DFA provides access to DeFine's products like NFT DAO and NFT PLUS. With a current price of $0.0004597 and market cap of $118.38K, DFA aims to power the growing ecosystem of creator-focused NFTs and social interactions in the Web3 space. The token's utility is expected to expand as DeFine continues developing its NFT-based social network and related features.

DeFine utilizes a multi-layered technical architecture designed for scalability and security: 1. Consensus Layer: Implements a Proof-of-Stake (PoS) consensus mechanism for energy-efficient block validation. 2. Network Layer: Employs a sharding structure to enhance throughput and reduce network congestion. 3. Execution Layer: Features a WebAssembly (WASM) virtual machine for smart contract execution. 4. Data Layer: Utilizes a distributed storage system for efficient data management. 5. Application Layer: Supports decentralized applications (dApps) and NFT functionalities. 6. Governance Layer: Incorporates on-chain governance mechanisms for community-driven decision making. 7. Interoperability Layer: Facilitates cross-chain communication through bridges and protocols. This architecture enables DeFine to process transactions quickly, support complex smart contracts, and integrate seamlessly with other blockchain networks, positioning it as a versatile platform in the Web3 ecosystem.

The future and roadmap of DeFine look promising. In the short term, DeFine aims to expand its NFT social platform features, including launching DeFine NFT PLUS to extend NFT applications beyond art. By 2026, we expect to see increased adoption and integration with major blockchain networks to improve transaction speeds and reduce costs. Looking further ahead, DeFine's goal is to become a leading decentralized social network in the Web 3.0 ecosystem. Key milestones on the roadmap include: - 2027: Full implementation of NFT-based social profiles and reputation system - 2030: Expansion into entertainment, gaming, media, and finance sectors - 2035: Establishment as a mainstream platform for creators across industries Price predictions suggest potential growth: - 2026: $0.0005701 - 2030: $0.0006761 - 2035: $0.0009629 With its unique focus on NFTs and social interactions for creators, DeFine is well-positioned to capitalize on the growing creator economy and Web 3.0 trends. Continued development of innovative features like NFT PLUS could drive significant user adoption and value appreciation in the coming years.