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($162.12 k)
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CoinMarketCap.comModefi is centered on offering oracle solutions in a decentralized framework. It aims to enable a reliable and accurate data flow to decentralized applications (DApps) and smart contracts. Modefi's oracle tools bring about a continuous connection between blockchain and real-world data points. Emphasizing this area enhances the functionality and efficiency of decentralized apps.
Within the Modefi landscape, there is an array of tools and services designed for developers. These facilitate the integration of oracle functionality into their DApps. The platform also provides an environment where developers can have access to data oracles and modifiable smart contracts. Modefi has measures focused on the provenance of data obtained from other sources. It uses a token-based system to prompt active participation from different participants.
MODE, the inherent token of Modefi, functions as an exchange medium and a form of network governance. The token's usage ranges from transacting for oracle services to unlocking several premium features and fostering involvement in governance decisions. The distribution system for this token is structured for it to gradually make its way into the growing network.
Modefi is supported by a professional team with experience in blockchain, finance, and development. It forms strategic relationships to capitalize on the competencies and resources present within other blockchain-based groups. Modefi's vision involves building, launching, and maintaining a range of oracle solutions. The constant development also comes from collaborations and partnerships, with an aspiration towards acquiring a substantial stance in the decentralized oracle sector.
The MOD token uses the Ethereum Blockchain framework as an ERC20 token. It employs a deflationary supply model for managing asset scarcity. The token has a meaningful function in the ecosystem, being utilized in token voting and profit participation. Traders can engage in community voting to affect the ongoing development of the platform. Additionally, staking MOD tokens presents an opportunity to participate in the platform's earnings. The MOD tokens doesn't provide voting rights concerning the company matters of MOD AG, the Swiss entity behind the platform.
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MOD Metrics:
Current price: $0.0175
Market cap: $280.66 k
All-time high: being indexed (being indexed)
All-time low: being indexed (being indexed)
Daily trading volume: $80
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