CoffyAI
  • Welcome
  • Introduction
    • What is DeFi? An Overview
    • Coffy's Vision & Mission
    • Current Challenges in DeFi
    • Coffy's Innovative Solutions
  • Features
    • Coffy ALM
    • Lending & Borrowing
    • Coffy Pots
    • Copytrading
    • Cross-Chain Swaps
    • Coffy Smart Wallet
    • Onramp & Offramp
    • Coffy Launchpad
  • Token
    • COFFI Token
    • Transaction Fees
    • Tokenomics
    • Audited by Cyberscope
    • Why HODL $COFFI
  • MISC
    • Roadmap
    • Join Us on Our Journey
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  • COFFI Contract Address
  • Core Utilities of $COFFI Token
  1. Token

COFFI Token

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Last updated 7 months ago

The native token of the CoffyAI ecosystem is $COFFI.

The $COFFI token is the backbone of the CoffyAI ecosystem, powering a range of functionalities and providing utility across the platform’s diverse services. The $COFFI token is not only designed for transactions within the platform but also plays a crucial role in incentivizing participation, promoting governance, and ensuring the seamless operation of the Coffy ecosystem.

COFFI Contract Address

Core Utilities of $COFFI Token

  1. Platform Fees & Discounts: $COFFI can be used to pay for transaction fees within the platform (swaps, lending, borrowing, liquidity provision, etc.). Users holding or staking a certain amount of $COFFI could also receive discounts on these fees.

  2. Holding Incentives: The $COFFI token is reflective by nature i.e. holders of $COFFI tokens are directly rewarded just for holding the token. A portion of each buy/sell of $COFFI tokens is redistributed to $COFFI holders, allowing users to passively earn more tokens over time.

  3. Staking Rewards: $COFFI holders can stake their tokens in Coffy’s staking pools to earn additional $COFFI tokens as rewards, contributing to the platform’s security and incentivizing long-term holding.

  4. Yield Farming: Users can participate in yield farming by adding liquidity to specific pairs and earning COFFI tokens as rewards for their contributions to the ecosystem’s liquidity.

  5. Collateral for Lending/Borrowing: $COFFI can be used as collateral for loans or earning interest through lending pools.

  6. Exclusive Access: Certain premium services, features, or products within the CoffyAI platform can be accessed only by users who hold or stake $COFFI. For example, advanced AI-powered ALM and Copytrading strategies can only be accessed by $COFFI holders/stakers.

  7. Launchpad Access: $COFFI holders will get early and exclusive access to new projects launching on the Coffy launchpad. Higher tiers of $COFFI holdings may unlock different levels of project access such as exclusive presales, whitelist spots, airdrops, etc.

  8. Platform Growth Contests & Rewards: $COFFI holders can participate in various contests hosted on the Coffy platform, helping drive platform growth while earning exciting rewards.

  9. Governance: $COFFI holders have the power to shape the future of the Coffy platform through decentralized governance.

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