Rank: 2207
94 Watchlists
DeFi
CRF Price
Contracts/Explorers:
Ethereum
Funds and Backers
Wallets
No wallets found yet
Crafting Finance is a protocol for forging and trading Rafts, which also supports NFT fractions.
IEO
16 Dec — 17 Dec 2021
Raised
$ 80.00K
Price:
$ 0.04
ROI:
0.05x -95%
Platform:
N/A
ATH ROI:
4x +300.1%
Market Cap
$ 123.66K
FDV
$ 3.99M
ATH Market Cap
$ 9.92M
24 Trade Vol.
$ 59.87K
Vol. (24h) / MCap
0.484
Max Supply
CRF 2,000,000,000
Total Supply
CRF 2,000,000,000
Circulating Supply
CRF 62.00M
(3.10% of Max Supply)
Listing Date
17 Dec 2021
IEO Price
$ 0.04
17 Dec 2021
IEO ROI
0.0499x
All Time High
$ 0.160
1 Jan 2022
All Time Low
$ 0.000687
16 Nov 2023
From ATH
From ATL
Crafting Finance is a synthetic asset issuance protocol and contract trading platform based on the Polkadot contract chain. It uses DOT, KSM, BTC, ETH and the CRF issued by the project as collateral, and synthesizes any cryptocurrency or off-chain assets such as stock, bonds and gold through smart contracts and oracles.
Users can forge a certain synthetic asset,as we call RAFTs, such as U.S. dollars, by collateralizing DOT, KSM, BTC, ETH or CRF, which automatically becomes a long position in the asset. Users can also convert minted assets into other assets through the trading platform, so as to achieve the purpose of shorting the asset and longing other assets. The assets minted by users are the liabilities corresponding to the entire system. The proportion of each user’s liabilities has been determined at the time of collateral, so that their respective profits can be calculated. Because such a collateral pool model does not require a counterparty, it perfectly solves the problems of liquidity and transaction depth in DEX.
The main functional modules of the entire system include: forging synthetic assets(Forge), decentralized exchange (Kingsman), collateral pools, fee pools, oracles, and Polkadot bridge.
The synthetic assets issued by the entire system are all produced by users staking certain collateral. The initial collateral includes CRF, DOT, KSM, BTC and ETH, and the collateralization ratio depends on the variation of the collateral itself. In the future, the collateral and collateralization ratio can be adjusted through community governance. When users stake collaterals and forge synthetic assets, corresponding debts are generated. When the user wants to unlock the collateral, he must repay the debt, that is, destroy the previously generated synthetic assets.
At present, RAFTs (assets synthesized by direct staking of collaterals) can be fitted in to four different categories: stablecoins (RaftStable), simple synthetic assets (Raft), custom synthetic assets (UnivRaft), and synthetic bonds (BondRaft).
Stablecoins (RaftStable)
Simple synthetic assets (Raft)
Custom synthetic assets (UnivRaft)
Synthetic bonds (BondRaft)
It is an exchange that provides conversion of different synthetic assets and contract trading. Due to the design characteristics of CF, this DEX does not require a counterparty, and there is no issue of transaction depth.
Collateral Pool
Fee Pool
Oracle
This project will realize a decentralized virtual asset issuance platform and contract trading platform, which can not only replace the perpetual/futures contract functions of major centralized exchanges in the long term, but can even achieve the issuance of any type of assets on the protocol to have a role to play in the traditional financial market.
Centralized contract exchanges have exposed more and more problems, and the entire industry needs a solution for decentralized contract exchanges. The project’s decentralized contract trading solution not only has the characteristics of general DEX openness and transparency, anti-censorship, and does not require KYC, but also because there is no counterparty in the project, it perfectly solves the problems of general DEX transaction depth and liquidity. Therefore, we believe that the prospect of this project is very broad and it is a real DEX solution.
Crafting Finance's current price is $ 0.00199, it has increased +4.42% over the past 24 hours.
Crafting Finance's All Time High (ATH) of $ 0.160 was reached on 1 Jan 2022, and is currently -98.8% down.
The current circulating supply of Crafting Finance is 62.00 Million tokens, and the maximum supply of Crafting Finance is 2.00 Billions.
Crafting Finance’s 24 hour trading volume is $ 59.87 Thousands.
Crafting Finance's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 123.66 Thousands.
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