Affyn

price
change

Discover Affyn's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Affyn?

Affyn (FYN) is a blockchain utility token powering a Singapore-based Metaverse project. It combines a Free-to-Play, Play-and-Earn mobile game with geolocation and augmented reality features, allowing users to earn tokens that can be used in both virtual and real-world transactions, such as purchasing property, NFTs, and participating in events. The token is designed to create a closed-loop economy, merging the virtual and real worlds.

How is Affyn used?

The crypto Affyn (FYN) is used in various ways within the Affyn ecosystem. Here are some of the key uses:

  1. In-Game Purchases and Leases: FYN tokens can be used to purchase or lease property, purchase and exchange NFTs, and participate in various events within the Affyn mobile game.

  2. Real-World Transactions: FYN tokens can be used for travel, retail, and lifestyle-related purchases in the real world.

  3. Staking and Rewards: Users can earn rewards by staking FYN tokens, which helps to secure the network and maintain a stable economy.

  1. Trading: FYN tokens can be traded for other cryptocurrencies on various exchanges, providing liquidity and flexibility for users.

  2. Liquidity Mining: Providing FYN liquidity to DEX liquidity pools earns users a share of trading fees and liquidity mining rewards.

  3. Hodl Program: Users can join the FYN Hodl Program and earn campaign rewards by pledging their FYN tokens.

These uses highlight the versatility of the FYN token and its role in connecting and enhancing diverse experiences within the Affyn metaverse.

How do I store Affyn?

To store Affyn (FYN) tokens, you have several options based on your needs and preferences. Here are some methods:

  1. Centralized Exchanges (CEXs): You can store your FYN tokens on a centralized exchange like KuCoin, MEXC, or other exchanges that support Affyn. This method is convenient, but you will need to rely on the exchange's security and liquidity. Make sure to choose an exchange with a solid reputation and competitive fees.

  2. Self-Custodial Wallets: For complete control over your crypto assets, you can use non-custodial wallets like MetaMask, KuCoin Wallet, or other Web3 wallets. These wallets allow you to buy, store, send, and receive cryptocurrencies securely. You will need to manage your own private keys and ensure the wallet is compatible with the network.

  3. Decentralized Exchanges (DEXs): If you prefer a more private and decentralized approach, you can use DEXs like Uniswap. These platforms connect buyers and sellers directly without intermediaries, and you maintain full custody of your assets. You will need a compatible wallet like MetaMask to interact with the DEX.

Before choosing a storage method, consider factors such as security, liquidity, fees, and your personal comfort level with managing your assets.

How to buy Affyn?

To buy Affyn (FYN) tokens, you can follow these steps:

  1. Choose a Centralized Exchange (CEX): Select a reliable and trustworthy crypto exchange that supports Affyn (FYN) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange. Some popular options include Gate.io, MEXC, and KuCoin.

  2. Create an Account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.

  3. Verify Your Identity: Complete KYC verification, which may require different information based on your nationality and region. This step is necessary to access more features and services on the platform.

  1. Add a Payment Method: Follow the instructions provided by the exchange to add a credit/debit card, bank account, or other supported payment method. The information you need to provide may vary depending on your bank's security requirements.

  2. Buy Affyn (FYN): You are now ready to buy Affyn (FYN). You can easily buy Affyn (FYN) using fiat currency if supported. Alternatively, you can first purchase a popular cryptocurrency like USDT and then exchange it for your desired Affyn (FYN).

  3. Transfer to Your Wallet: Once you have purchased FYN, you can transfer it to your MetaMask wallet or other supported crypto wallets.

Additionally, you can also purchase FYN on decentralized exchanges such as Uniswap and QuickSwap or by using the swap function within the MetaMask app.

Discover
Affyn
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Affyn

Affyn (FYN) is a cryptocurrency that was launched in 2021. The project was founded by Lucaz Lee, who has a strong background in leading international teams and expanding merchant partnerships in the lifestyle industry. Lee was part of a team that helped a travel and lifestyle company grow from $91 million to $926.6 million in annual revenue within four years. He also played a key role in a predictive genomics startup that went from zero to $20 million in revenue in under two years before being acquired by a NASDAQ-listed company.

Lucaz Lee has been involved in the blockchain and cryptocurrency space since 2016. Under his leadership, Affyn successfully raised $20 million in funding within a short period of four months and was named one of the 40 Most Notable Blockchain Leaders by Forbes in 2022.

The project has been building a blockchain-powered Metaverse project with a Free to Play, Play-and-Earn mobile game. This game incorporates geolocation capability and AR mechanics, allowing players to earn FYN tokens that can be used in both the virtual and real worlds. The tokens can be used to purchase or lease property, purchase and exchange NFTs, and participate in various events within the game. Additionally, FYN tokens can be used for travel, retail, and lifestyle-related purchases in the real world.

Affyn has been actively developing its ecosystem, including a mobile game launch, a lifestyle application, and a flagship product called Nexus World. The project aims to integrate the virtual gaming experience with the real world, creating a closed-loop economy.

Discover
Affyn
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Affyn works

Affyn (FYN) is a cryptocurrency that operates within a blockchain-powered Metaverse project. This project includes a free-to-play, play-and-earn mobile game that leverages geolocation capabilities and augmented reality (AR) mechanics. The game incorporates non-fungible tokens (NFTs) and the official currency, the FYN token, which serves as a utility token within the ecosystem.

Earning and Using FYN Tokens

Players can earn FYN tokens through various activities within the game, such as participating in events and completing tasks. These tokens can be used in both the virtual and real worlds, creating a closed-loop economy. In the game, FYN tokens can be used to purchase or lease property, buy and exchange NFTs, and participate in events. In the real world, FYN tokens can be used for travel, retail, and lifestyle-related purchases.

Staking and Hodl Program

Affyn offers a staking program that allows users to earn significant returns by staking their FYN tokens. This not only provides a potential income stream but also increases the security of the network. Additionally, the $FYN Hodl Program is a loyalty program that rewards users who hold a minimum of 25,000 FYN tokens. This program unlocks campaign-specific rewards, which are announced upon the launch of each individual campaign.

Purchasing and Trading FYN

FYN tokens can be purchased through various methods, including centralized exchanges, decentralized exchanges (DEXs), and crypto wallets. Users can buy FYN tokens directly using fiat currency or by exchanging other cryptocurrencies for it. The tokens can then be stored in a compatible wallet and traded on supported exchanges.

Security and Interoperability

The Affyn ecosystem ensures security through the use of blockchain technology and smart contracts. The project aims to achieve interoperability by launching on multiple chains, allowing for seamless interactions between different blockchain networks. This enhances the overall utility and value of the FYN token.

Community and Development

Affyn has a dedicated community and actively engages in partnerships and collaborations to expand its ecosystem. The project continues to evolve, with new features and campaigns being introduced regularly. This ongoing development helps to increase the value and adoption of the FYN token.

In summary, Affyn (FYN) is a cryptocurrency that operates within a blockchain-powered Metaverse project, offering a play-and-earn mobile game and a closed-loop economy. Users can earn and use FYN tokens in both virtual and real-world contexts, and the project provides staking and loyalty programs to incentivize users.

Discover
Affyn
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Affyn's strengths

The token Affyn (FYN) has several strengths that contribute to its potential and value:

  1. Metaverse Integration: Affyn is part of a blockchain-driven mobile Metaverse called NEXUS World, which combines elements of Free-to-Play and Play-to-Earn gaming. This integration provides a unique gaming experience and a closed-loop economy where FYN tokens can be used in both virtual and real-world transactions.

  2. Utility Token: FYN tokens are utility tokens, which means they have a specific purpose within the ecosystem. They can be used to purchase or lease virtual real estate, buy and sell NFTs, and participate in various events within the game. This utility helps maintain the token's value and encourages its use.

  3. No Staking Policy: Unlike many other cryptocurrencies, Affyn does not have a staking policy. This decision helps protect the integrity and value of FYN tokens by preventing the increase in token supply that often occurs with staking rewards. This approach supports a sustainable game economy.

  1. Liquidity Programs: Affyn has implemented liquidity programs on platforms like Uniswap and QuickSwap to ensure smooth trading and liquidity for FYN tokens. This helps maintain market stability and encourages users to provide liquidity, earning them a share of trading fees.

  2. Strong Tokenomics: The tokenomics of FYN are well-structured, with a clear allocation of tokens to different categories such as seed, private, strategic, and marketing. This allocation helps ensure a balanced distribution of tokens and supports the long-term sustainability of the project.

These strengths collectively contribute to the potential and value of the Affyn (FYN) token, making it an attractive investment opportunity in the cryptocurrency market.

Affyn's risks

Affyn (FYN) carries several financial risks that investors should be aware of. One of the primary risks is the volatility of its market price. Cryptocurrency markets are known for their unpredictability, and the value of FYN can fluctuate rapidly, resulting in potential losses for investors.

Another significant risk associated with Affyn is the possibility of impermanent loss. This occurs when assets are deposited into decentralized liquidity pools, which are commonly used in decentralized finance (DeFi) applications. Impermanent loss can lead to a decrease in the value of the assets deposited, even if the market price of the assets remains stable.

Additionally, investing in Affyn involves the risk of losing money due to market downturns or other unforeseen events. It is essential for investors to thoroughly understand the risks involved and only invest in products they are familiar with.

Overall, Affyn's financial risks are typical of those associated with investing in cryptocurrencies. It is crucial for investors to be cautious and do their due diligence before investing in FYN or any other cryptocurrency.

Discover
Affyn
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Affyn raise funds?

Discover
Affyn
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Affyn’s team

  • Lucaz Lee: Co-Founder and CEO of Affyn, with over a decade of experience leading international teams to growth and success. He was named one of the 40 Most Notable Blockchain Leaders by Forbes in 2022 and has been actively involved in the blockchain and cryptocurrency space since 2016.
  • Oh Teck Wee: Co-Founder and CFO of Affyn, responsible for the company's financial strategy and operations. He has experience in accounting advisory and has been involved in several high-profile IPOs. He played a key role in securing a successful US$20 million fundraising effort for Affyn and has contributed to the design of FYN tokens' economics and NFT sales strategies.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Affyn NEWS REPORT

Latest news

Want an analysis of Affyn? Tell us on discord.

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM