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Goldfinch GFI Price

$1.17

-4.59%

$1.08

24h Range

$1.22

Market Cap

$107,753,811.0

Fully Diluted Valuation

$133,714,285.4

24 Hour Trading Vol

$2,022,576.0

Circulating Supply

92,335,859.6

Total Supply

114,285,714.0

Max Supply

114,285,714.0

Info

GFI Price Statistics

Goldfinch Price

$1.17

24h Range

$1.08 - $1.22

Percent Change 1h

-0.69%

Percent Change 24h

-4.59%

Percent Change 7d

-13.55%

All-time high

$32.94

All-time low

$0.290

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About Goldfinch

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What is Goldfinch (GFI)?

Goldfinch (GFI) is a decentralized finance (DeFi) protocol designed to facilitate credit access for individuals and businesses in emerging markets. Launched in 2021, Goldfinch aims to bridge the gap between traditional finance and the crypto world by enabling lending without the need for on-chain collateral, which is a common requirement in most DeFi platforms. The GFI token is used within the ecosystem for governance, allowing holders to vote on critical protocol parameters, including interest rates and risk assessments.

Who are the Founders of Goldfinch?

Goldfinch was co-founded by a team of experienced professionals in finance and technology. The key founders include:

  • Anu Kothari: With a background in financial technology, Anu has extensive experience in leveraging technology to improve financial accessibility.
  • Henry Ward: A veteran in the crypto space and former co-founder of a successful startup, Henry brings valuable insights into building decentralized systems.
  • Shivangi Agarwal: An expert in blockchain technology, Shivangi focuses on developing innovative solutions for lending and credit in the DeFi ecosystem.

How does Goldfinch Work?

Goldfinch operates on a unique model that allows users to access loans without traditional collateral. The process involves several key components:

  1. Borrowers: Individuals or businesses seeking loans apply through the Goldfinch platform. They provide information regarding their creditworthiness.
  2. Auditors: Third-party auditors assess the borrower's profile and business model to determine their risk level. This step is crucial as it helps inform lenders about potential risks.
  3. Lenders: Investors can provide capital to these loans, earning interest on their investments. Lenders have the flexibility to choose loans that match their risk tolerance.
  4. Liquidity Pools: Goldfinch maintains liquidity pools that facilitate the lending process, ensuring that there are enough funds available for borrowers.

Goldfinch uses smart contracts to automate the lending process, ensuring transparency and security. Additionally, the GFI token plays a vital role in governance and incentivizing community participation.

Top Use Cases of Goldfinch

Goldfinch has various use cases that highlight its potential in the financial ecosystem:

  • Access to Credit: By enabling businesses in emerging markets to obtain loans without traditional collateral, Goldfinch empowers entrepreneurs who may lack the necessary assets.
  • Decentralized Governance: GFI token holders can participate in decision-making processes, allowing the community to shape the future of the protocol.
  • Investment Opportunities: Investors can earn attractive yields by lending their assets to creditworthy borrowers, diversifying their investment portfolios.
  • Risk Assessment: The protocol’s model allows for innovative risk assessment methods, leveraging real-world data and community insights to evaluate borrowers effectively.

How to Keep your Goldfinch Safe?

Keeping your Goldfinch (GFI) investments safe involves several best practices:

  • Use Secure Wallets: Store your GFI tokens in reputable wallets that offer robust security features, such as hardware wallets or well-known software wallets with two-factor authentication.
  • Be Cautious with Phishing: Always verify the authenticity of websites and communications related to Goldfinch. Avoid clicking on suspicious links or providing sensitive information.
  • Regular Updates: Ensure that your wallet software and any related applications are regularly updated to protect against vulnerabilities.
  • Diversify Investments: Do not put all your assets into one project. Diversifying your investment across different assets can mitigate risks.
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How to Invest in Goldfinch (GFI)?

Investing in Goldfinch (GFI) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Goldfinch: Once your account is funded, you can purchase Goldfinch directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Goldfinch (GFI) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Goldfinch using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Goldfinch (GFI) in the Long Term?

Goldfinch (GFI) is currently trading at $1.17 and exhibits good potential for future growth. Check the latest Goldfinch (GFI) price prediction.

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