Beefy (BIFI) Price

#1190

$240.72

4.12%24h
- 10.343$
$238.70 $255.45
24h Change Range

Market Cap

$19.2M+
4.36%

Volume (24h)

$556.2K+

F.D Valuation

19.3M+

Circulating Supply

80.0K+

Total Supply (Est.)

80.0K+

Max. Supply

80.0K
Beefy Information

Official Website

beefy.com
Beefy Website

Whitepaper

Official Forum

Contract Address

Block Explorers

Main Chain

Platforms

Official Announcements

medium.com
Beefy (BIFI) Historical Market

24 Price Range

-

All-Time High

$4,116.95 94.16%
3/16/2021 7:18 AM

All-Time Low

$3.280 7230.01%
Oct 14 2020

Beefy Chart

Beefy (BIFI) Live Market Details and Information

$BIFI tokens are ‘dividend-eligible’ revenue shares in Beefy Finance, through which holders earn profits generated by Beefy Finance and are entitled to vote on important platform decisions. Beefy Finance is a Decentralized Finance (DeFi) Yield Optimizer platform that allows its users to earn compound interest on their holdings. DeFi applications are unique in the sense that they are permissionless and trustless, meaning that anyone with a supported wallet can interact with them without the need for a trusted middleman. Through a set of investment strategies secured and enforced by smart contracts, Beefy Finance automatically maximizes the user rewards from various liquidity pools (LPs),‌ ‌automated market making (AMM) projects,‌ ‌and‌ ‌other yield‌ farming ‌opportunities in the DeFi ecosystem. For all the vaults deployed on every blockchain, Beefy Finance has its native governance token $BIFI at its core. Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake $BIFI. Beefy Finance is a supported partner of Binance’s official decentralized wallet, Trust Wallet, and audited by Certik to guarantee the robustness of deployed smart contracts. Certik has already provided audits for such projects as Ocean Protocol, NEO, Ontology, and Waves. The supply of $BIFI is limited at 80,000 tokens and available on the top decentralized exchanges such as Binance, 1inchexchange and PancakeSwap. What is $BIFI? $BIFI is the native governance token of Beefy Finance. $BIFI Tokens can be staked on the Beefy platform to gain rewards and interest. A portion of the fees paid by anyone using Beefy’s yield optimization vaults are distributed to holders of $BIFI staked on the platform. Token holders also have a right to create and vote on proposals to the platform as part of its governance system. They can vote without un-staking their tokens. What makes Beefy Finance unique? There are lots of farms to choose from across several blockchains. Beefy automates and optimizes different investment strategies, allowing token holders to benefit from the upside of complex farming protocols. Users can request new vaults directly from Beefy’s developers and the time it takes to answer these requests is very low. What are yield farming and yield optimization? Yield farming is simply a way to make some interest with crypto holdings. A yield optimizer is an automated service that seeks to gain the maximum possible return on crypto-investments made through DeFi platforms. They work much more efficiently than attempting to maximize yield through manual means. Each yield optimization method on Beefy Finance has its own unique strategy for farming, which normally involves the reinvestment of crypto assets staked in liquidity pools. At the most simple level, it farms the rewards given from staked assets and reinvests them back into the liquidity pool for the user. What are Beefy vaults? Vaults are investment instruments that employ an optimized set of strategies for yield farming. They make use of automation to continually invest and reinvest deposited funds, which help to achieve high levels of compounded interest. Vaults are the core of the Beefy Finance ecosystem. In a Beefy vault, you earn more of the asset you stake, regardless of whether it’s a liquidity pool (LP) token or a single asset. Despite what the name 'vault' suggests, user funds are never locked on . Users can withdraw from a vault at any moment in time and Beefy does not own the funds staked in its vaults. What fees are incurred from using Beefy Finance? The performance fees are already built into the displayed APY of each vault and daily rate. Most vaults available on Beefy Finance take 4.5% of harvest rewards. The performance fee on users vault profits is largely distributed back to $BIFI stakers and is the main source of Beefy Finance's platform revenue: 3% is distributed back to $BIFI stakers, 0.5% is allocated to treasury, 0.5% to the strategist that developed the vault and 0.5% for the one calling the harvest function. Each vault has either a deposit or withdrawal fee of 0.1% or less, which is there to protect bad actors from abusing the vaults. This is shared with all other stakers in that specific vault. Users should also consider network transaction fees when adding or removing funds. These fees do not go to Beefy, but to the operators keeping the blockchain network up and running.

FAQs About Beefy (BIFI)

The current price of 1 Beefy (BIFI) in USD is $240.72. This price is currently -94.16% than its all-time high (ATH) of $4,116.95, and 7230.01% than its all-time low (ATL) of $3.280.
Please note that cryptocurrency prices are highly volatile and can change rapidly depending on market conditions, investor sentiment, and exchange platform variations. It's important to stay updated with the latest market trends to understand the fluctuations in Beefy’s price.

The market capitalization of Beefy (BIFI) is $19,249,264.00 as of today.
Beefy (BIFI) is currently ranked #1190 in the market, and this market cap is calculated by multiplying the current price of Beefy with the circulating supply.
The circulating supply of Beefy (BIFI) is 80,000, meaning there are 80,000 tokens in circulation.
It is important to note that the market cap can fluctuate significantly due to the volatility of cryptocurrency prices, as well as changes in the circulating supply based on mining or token burns.
The market cap reflects the overall value of Beefy (BIFI) in the market and provides an insight into its market dominance and potential for future growth. For the most accurate and up-to-date information, always check the latest market updates on Beefy (BIFI)’s official platforms.

The trading volume of Beefy (BIFI) today is $556,215.00. This represents the total value of Beefy (BIFI) transactions in the market over the last 24 hours.
A higher trading volume indicates strong market activity, liquidity, and interest in the token. As of now, Beefy (BIFI) is being actively traded across several exchanges, with buyers and sellers participating in high - frequency transactions.

The trading volume metric, which plays a vital role in market assessment, reveals the extent of Beefy's market activity and liquidity. Market interest remains strong when trading volumes are high because considerable trading activity means individual transactions have a limited impact on market price. coin.Name stands out as the most actively traded cryptocurrency because of its large trading volume. Institutions and people use it to sell and store monetary value.

Monitoring trading volume is crucial as it helps identify trends in market sentiment, potential price volatility, and overall token demand.
Stay informed about the latest updates on Beefy (BIFI) to make well-informed trading decisions.

The all-time high (ATH) price of Beefy (BIFI) is $4,116.95. This ATH was reached on 16 Mar 2021, marking the highest value ever for Beefy (BIFI) in the market. Currently, Beefy is lower than its ATH by -94.16%, reflecting a lose since its peak.
ATH values are essential for understanding the maximum market valuation of Beefy, offering insight into its performance
and potential growth trajectory. As cryptocurrency prices are volatile, it's crucial to stay updated on the latest trends.

The all-time low (ATL) price of Beefy (BIFI) is $3.280. This ATL was reached on 14 Oct 2020, marking the lowest value ever for Beefy (BIFI). Currently, Beefy is higher than its ATL by 7230.01%, reflecting a gain since its lowest point.
ATL values are essential for understanding the minimum market valuation of Beefy (BIFI), offering insight into its recovery
and potential for growth. As cryptocurrency prices are volatile, staying updated on the latest trends is important.

To buy Beefy (BIFI), you can follow these steps:
1. Choose a Cryptocurrency Exchange: Beefy (BIFI) is available on several popular cryptocurrency exchanges, such as Changelly Binance, CoinEx, KuCoin, etc. These platforms allow you to trade Beefy against various cryptocurrencies or fiat currencies like USD, EUR, and more.
2. Create an Account: Sign up on the exchange of your choice by providing the necessary details such as email, password, and KYC (Know Your Customer) verification.
3. Deposit Funds: Once your account is set up, deposit funds via bank transfer, credit card, or another supported payment method. Make sure you have USD or any other preferred currency in your exchange account to purchase Beefy.
4. Place an Order: After funding your account, navigate to the Beefy (BIFI) trading pair (e.g., Beefy/USD) and place an order to buy. You can choose a market order for immediate execution or a limit order to buy at your desired price.
5. Store Your Coins Securely: After purchase, it's important to store your Beefy in a secure wallet. You can use the exchange wallet or transfer your coins to a private wallet for added security.
Note: Cryptocurrency investments are volatile. Ensure you do thorough research and consider risks before purchasing Beefy (BIFI).

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