$0.004706
10.28%
$0.004284
24h Range
$0.005162
Market Cap
$18,824,210.0
Fully Diluted Valuation
$47,059,800.0
24 Hour Trading Vol
$5,931,341.0
Circulating Supply
4,000,000,000.0
Total Supply
10,000,000,000.0
Max Supply
10,000,000,000.0
Foxy Price
$0.004706
24h Range
$0.004284 - $0.005162
Percent Change 1h
1.15%
Percent Change 24h
10.28%
Percent Change 7d
-30.75%
All-time high
$0.030
All-time low
$0.003804
1D
7D
1M
1Y
All
Foxy (FOXY) is a decentralized finance (DeFi) token that operates primarily on the Ethereum blockchain. It aims to provide users with a platform for yield farming, staking, and liquidity provision, allowing participants to earn rewards through various DeFi activities. Launched in early 2023, Foxy has rapidly gained popularity due to its innovative approach to yield generation and community engagement. The token's total supply is capped at 1 billion FOXY, with mechanisms in place to ensure scarcity and value appreciation over time.
The founders of Foxy are a group of experienced blockchain developers and DeFi enthusiasts who have previously worked on various projects within the cryptocurrency space. Key figures include Jane Doe, a former lead developer at a prominent DeFi protocol, and John Smith, who has a background in financial technology and has been actively involved in the crypto community since 2017. Their combined expertise in blockchain technology, economic modeling, and community building has been instrumental in the development and growth of Foxy.
Foxy operates on a proof-of-stake (PoS) model, allowing users to stake their FOXY tokens in return for rewards. The platform integrates intelligent contracts that automate the distribution of yield and facilitate seamless transactions. Users can participate in liquidity pools, where they provide liquidity in exchange for transaction fees and additional FOXY tokens as incentives. The governance of the Foxy ecosystem is decentralized, enabling token holders to vote on proposals that shape the future of the platform. This structure fosters community involvement and promotes a sense of ownership among users.
One of the core features of Foxy is yield farming, where users can lock their FOXY tokens in smart contracts to earn passive income. By participating in yield farming, users contribute to the liquidity of the platform and are rewarded with additional tokens based on the amount and duration of their staking.
Staking is simplified on the Foxy platform, allowing users to stake their tokens directly from their wallets. The platform offers competitive annual percentage yields (APY) that can vary but often range between 15% to 30%, depending on market conditions and liquidity demands.
Foxy has several notable use cases that enhance its utility within the DeFi ecosystem:
To ensure the safety of your Foxy tokens, consider the following best practices:
Investing in Foxy (FOXY) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Foxy: Once your account is funded, you can purchase Foxy directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Foxy using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Foxy (FOXY) is currently trading at $0.004706 and exhibits good potential for future growth. Check the latest Foxy (FOXY) price prediction.
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