Details about CoFiX cryptocurrency
€160,605 ( -9.43984%)
€20,534
13,457,553
13,457,553
15.962
Unknown
https://cofix.io/
@cofixprotocol
7345560x
€87639.6
CoFiX price charts
COFI exchanges
CoFiX, the crypto
CoFiX (COFI) is a decentralized exchange (DEX) built on the Ethereum blockchain that employs a unique price discovery mechanism called NEST or "Nested Oracle Model" to provide users with accurate and fair trading prices.
The point
The main point of CoFiX (COFI) is to solve the issue of low liquidity and price volatility often associated with traditional DEXs. By using NEST, CoFiX aims to provide accurate and stable prices for traders and liquidity providers, thus encouraging more participation and a reduction in price slippage.
The problem
CoFiX (COFI) attempts to solve the problem of low liquidity and unpredictable price movements that often plague decentralized exchanges by introducing a more reliable and accurate price discovery mechanism. Additionally, it aims to incentivize more participation from liquidity providers by offering them a share of the trading fees.
Compare COFI and BTC performance
| Timeframe | COFI | BTC |
|---|---|---|
| 1h change | -8.82889 % | -0.234911 % |
| 24h change | -9.09 % | 1.25967 % |
| 7 day change | 12.47 % | -1.44157 % |
| 14 day change | -9.7 % | -9.47799 % |
| 30 day change | -35.2 % | -7.33786 % |
| 200 day change | -77.2 % | 129.168 % |
| Year change | -60.86 % | 129.33 % |