We are happy to announce that we will be migrating the eFIN blockchain onto the BNB Chain on April 15th, 2022. The eFIN blockchain has not been updated for years, its technology is outdated and its maintenance is very expensive while an upgrade to another blockchain would carry some serious challenges that would make it very costly to implement. Migration to the BNB Chain will allow the team to list on decent exchanges much more quickly and for a lot less money. With the BNB Chain, users will always benefit from ultra-low fees while trading on a vast crypto ecosystem having hundreds of coins to choose from.

Another advantage of this move is that it will now be possible to know how many eFIN Coins are actually in circulation. It is very likely that a substantial amount of eFIN Coin has been lost in time due to several circumstances. This would allow for the true circulating supply of WeFIN to be accurately known. The resulting amount of eFIN Coin that isn’t swapped will be mirrored by the equivalent in WeFIN not being minted.

The eFIN community will always be advised when and why more WeFIN tokens are minted in the future. Team wallets will be used for exchange listings, market makers, staking/liquidity pools, promotions, marketing, etc. The maximum supply of WeFIN is capped at 11.5B tokens regardless of circumstance.

LISTED BELOW ARE ANSWERS TO SOME QUESTIONS THAT MAY ARISE AS A RESULT OF THIS IMPORTANT MIGRATION:

1. What will be the project’s name and the token’s name? ANSWER: The project will remain eFIN: (eFIN DEX, eFIN Bridge, eFINSwap, eFIN Mobile Wallet) but the token’s name will be WeFIN since it will live on the BNB Chain.
2. What will happen to the eFIN Bridge on April 15th, 2022? ANSWER: The Bridge function between eFIN and WeFIN will no longer be operational.
3. What will happen if you fail to convert your eFIN Coins by April 15th, 2022? ANSWER: You will be stuck with dead, useless coins. So, don’t delay to convert your coins during the allotted time. The eFIN team will not be responsible for your failure to do so. Announcements will be going out on all our social media channels advising of the deadline.
4. Will it be possible to stake WeFIN in the WeFIN Wallet of the DEX just like the eFIN Coin is now? ANSWER: No. It will not be possible. In its place and also to address the liquidity problem for WeFIN in the eFIN DEX and in PancakeSwap, we have established a working relationship with Ferrum to create incentives for the community to generate liquidity. For details, please visit staking.efin.com and staking.efin.com/data/WeFINStakingPools.pdf.

Thank you all for your infinite patience, cooperation and understanding as we continue moving forward!!

The eFIN Team