DeFiner is a cleverly named decentralized finance (DeFi) project that offers crypto lending services. The platform is permissionless and built on top of the Ethereum blockchain.
DeFiner provides easy credit for people without a credit history and a passive source of income for cryptocurrency owners. The platform is powered by the FIN token, which is an ERC20 standard token.
This article will serve as your go-to guide for understanding DeFiner and its governance token. I will explain the major features of the platform, the economics of its native token, its past performance, and expected future prices.
In the end, I will add details of where and how you can buy FIN, should you be interested in that. Let’s dive in without any further ado.
DeFiner (FIN) Key Features
| Access to Credit | Users can lend their assets to other users and earn interest on it. These loans will be over-collateralized, meaning that the borrower must keep more collateral than the loan amount is worth. |
| Bespoke Pools | Users can create custom lending pools with fully configurable parameters, including borrowing terms and interest rates among others. |
| Staking | DeFiner also offers staking. Users can lock up their assets in staking contracts and earn a passive income. |
| Accessibility | The platform has a low barrier to entry and the borrowings are protected by smart contracts, making it accessible to more people. |
DeFiner (FIN) Tokenomics
FIN has a total supply of 168 million which is also the same as the maximum token supply. The entire supply is already in circulation.
DeFiner (FIN) Past Performance
FIN was launched in October 2020 and started trading at $1.14. The token has gradually slid from there and has been priced at $0.001 by October 2022. However, FIN is starting to bounce back starting from November 2023.
At the time of writing, FIN is trading at $0.0016, which is 58% below yesterday’s numbers. The token’s market capitalization has come down to $267.7k. At $1.4 million, the 24-hour trading volume is up nearly 300%.
DeFiner (FIN) Price Prediction
Technical indicators suggest that the current market sentiment is bullish and the fear & greed index is at 79 signaling extreme greed. DeFiner recorded 18(60%) green days in the past month with a significant 26.85% price volatility. Our analysts think that now is a good time to buy DeFiner.
2024: In 2024, the price of the FIN token is expected to go up by 226.03% and reach $0.0056 by the beginning of next month.
2025: Moving on to 2025, FIN is expected to be trading in the range of $0.0017 and $0.0080. If we compare this to today’s price, the token could deliver a return as high as 399.47%.
2030: Fast forward to 2030, FIN prices are expected to fall between $0.0042 and $0.0069. If we compare this to today’s prices, the token could gain 328.86% if it reaches the upper price target.
Where to Buy DeFiner (FIN)?
If you are interested in buying FIN, you can do that in the following places.
How to Buy DeFiner (FIN)?
This is how you can buy FIN from Gate.io.
1. Go directly to the official website of Gate.io and create a new account.
2. Complete the KYC and security verification, which will take a few minutes.
3. Once your account is active, load your account with funds. You can do this via bank wire or credit card transfer.
4. Once you have the funds in your wallet, go to the trading section and buy USDT stablecoins.
5. Now type FIN/USDT on the search bar and select the pair. Then swap your USDT with FIN tokens.
6. On the respective field, enter the number of tokens you want to purchase and hit ‘buy’ followed by ‘confirm’.
7. Your FIN tokens will show up on the Gate.io wallet.
Conclusion
DeFiner is a new iteration of the DeFi lending platforms in the crypto space. The platform is attracting a new generation of lenders and borrowers in the credit space. Its native token FIN has been performing poorly for a while since its inception. However, things have changed a lot since 2024 rolled in.
Despite all the optimism around cryptocurrencies and NFTs, we still think that these are not ideal investments for everyone. The reader is advised to have a deep understanding of the field before committing your money to it. The risk involved in your investment should be based on your financial goals. Meaning that, if you are a retired 60-year-old, you have no business speculating on obscure cryptocurrencies.
