well, well - what should I say?

I prepared this post at two weeks from the listing of EasyFi on Binance.

For some reasons, I postponed to publish it and now I need to update it :)

The initial part:

I was told few days ago about the new entry on Binance: EasyFi - quiet, no hype, nothing.

A friend of mine bought some before that, at 1.52$ and started to stake it. He said is for long term. That makes me curios and I started to make my own research.

When I started following it, the price was around 3.2 $. It climbed until around 3.5 $ and then dropped to 2.5 $. I hoped to get it under 2 $, but it didn't happen. Too bad for me.

Anyway, I will study this project in the near future to see it's trajectory, especially because of it's still low market cap at this moment:

As you can see here: there is only 3.5 million $ market cap at this moment, but we need to remark the circulating supply right now (half a million) from a total of 10 million. So - first and, maybe, the most important - how will the rest of the coins be released in the market. I hope we will find out in the text below.

This is the current distribution:

What is EasyFi?

Short story: it is Compound version but with very low fees and greater speed DeFi by using ETH layer 2. The great advantage is that you can use EasyFi for lower loans or borrows because there are no more high fees.

You can study the Compound mechanism here.

Why is this Layer 2 on ETH so important?

There are at least 2 reasons:

1. the vast majority of crypto projects are developed on ETH, so, it is essential to have a way to stay here and develop the infrastructure

2. as a need to be here for interacting with other players, it is useful to have a greater speed and lower fees for permitting a sit on the table for the small actors also - this is a step to adoption.

The native token is EASY, already listed on Binance and Bitmax, along with Uniswap and Bilaxy.

Below are the token utility features:

If you want to study what EasyFi is proposing to do here is the Whitepaper.

And now, one of my points of interest - how would the tokens be released, you have below the schedule:

The conclusion is that in the next months, 1.25 million of EASY will be released, so we will have an almost 2 million of circulating supply.

If you are one of the early embarked here and you put your tokens for staking and farming, you will see your portfolio rising. As long as this project is growing, your investment will be safer.

I want to mention only one more feature: dual farming, but I will let the pleasure of discovering what it means to you.