What is yfi coin called in Chinese (yfl coin Chinese name)?
What is yfi coin called in Chinese? What does it do? Why is it said to make mon
What is yfi coin called in Chinese? What does it do? Why is it said to make money? Its English name is YFI. In Chinese, yfi means decentralized finance, which refers to a type of digital asset issued based on blockchain technology. It can be used as collateral to borrow various currencies, commodities, and services, as well as other investment tools and trading media. However, since it does not have a specific function for collateral, it is often misunderstood by many users as “mining”. Therefore, the Chinese name for yfi coin cannot be translated into Chinese because its code is written by developers and has undergone multiple reviews and testing. On September 17, 2020, DeFi project Synthetix announced that it had completed the first round of liquidity mining and will launch the mainnet soon.
Chinese name of yfl coin
The Chinese name for yfl coin (YFL) is “YFLN”, the full English name is The Internet Financial Ledger, abbreviated as YFl. The token’s distribution is supported by 8 mining pools: Bitflyer, SlushPool, and 0xpool.
Earlier news, cryptocurrency investment institution Pantera Capital announced the launch of a new cryptocurrency fund to fund blockchain startups and early-stage projects, in order to promote the development of blockchain technology and expand its team size. According to the announcement, the newly established department will focus on developing a new type of decentralized financial system, which operates at the same speed as Bitcoin. (Cointelegraph)
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