Buy Modefi (MOD)
What is Modefi?
Modefi is a decentralized oracle aggregator that provides trustless, interoperable oracle solutions for DeFi applications and smart contracts. It aims to enhance data transparency and decentralization by integrating multiple oracle networks and offering bespoke data services for blockchain applications.
How does Modefi work?
Modefi operates on a multi-blockchain platform to ensure secure and scalable data feeds. It integrates several oracles like Chainlink, Band, Tellor, and DIA to aggregate and validate data, ensuring its reliability. Participants can stake MOD tokens to take part in the network, utilizing a Proof of Stake mechanism. This setup allows users to create and use customized smart contracts through Modefi's On-Demand Oracle service, enabling the integration of external data into blockchain environments.
What are the potential use cases for Modefi?
Modefi's oracle solutions are applicable across various sectors:
- DeFi: Provides secure data feeds for financial services like lending/borrowing.
- NFTs: Supplies pricing and rarity data for NFTs.
- Real Estate: Assists in property evaluation and on-chain transactions.
- Insurance: Facilitates real-time policy payouts and data access.
- Gambling and Tournaments: Offers reliable data for event outcomes.
- Supply Chain Management: Enhances the verification of data processes.
Modefi has partnerships with established oracle networks, boosting its interoperability and data accuracy.
What is the history of Modefi?
Modefi was founded by Ryan Lowe and Trevor Hall with the primary aim of addressing issues such as oracle manipulation and the reliance on centralized oracles in DeFi. The project has evolved to offer a comprehensive suite of oracle solutions designed to reduce data risks and enhance transparency. Although specific software updates and forks aren't detailed in the available information, Modefi has gained a presence in the crypto market, marked by its market cap and trading activity. The project's continuous development aims to uphold its decentralized and trustless ethos in the blockchain sector.
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Frequently Asked Questions (FAQs)
What is the current price of Modefi (MOD)?
The Modefi price is $0.03022507 AUD, representing a +1.05% from the day prior.
Where is the best place to buy Modefi (MOD) in Australia?
The best place to buy Modefi (MOD) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Modefi (MOD) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Modefi (MOD)?
The trading volume of Modefi (MOD) is $260 AUD in the last 24hrs, representing a +1.05% from the day prior.
How can I buy Modefi (MOD)?
Modefi (MOD) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Modefi (MOD)?
The current market cap of Modefi (MOD) is $1.0M AUD.
Can I convert Modefi (MOD) to cash?
Yes - With Coinstash you can convert your Modefi (MOD) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Modefi (MOD) are there?
The current circulating supply of Modefi (MOD) is 16.1M.
Is Coinstash a safe place to buy Modefi (MOD) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Modefi (MOD) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.