MOD
Modefi
$0.00000000AUD
Market Cap
1.0M AUD
24H Trade Vol.
260 AUD
Total Supply
16.1M
All
1W
1M
1Y
Basic chart
Advanced chart
Price Changes
24H:
+0.00%
7D:
0.00%
Instant
Buy Limit
Buy Stop
Buy Modefi
Purchase Amount
AUD
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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.

Coin Contract Addresses

0xea1ea0972fa092dd463f2968f9bb51cc4c981d71
0xd4fbc57b6233f268e7fba3b66e62719d74deecbc
0x8346ab8d5ea7a9db0209aed2d1806afa0e2c4c21
0xe64b9fd040d1f9d4715c645e0d567ef69958d3d9

Frequently Asked Questions (FAQs)