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About ERP

Entropyfi is a price prediction platform.

Entropyfi (ERP) is a cryptocurrency launched in 2021. ERP has a current supply of 0 with 0 in circulation. The last known price of ERP is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://entropyfi.com/.

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ERP Price Statistics
ERP’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3775
ERP Market Cap
Market Cap
$0
Fully Diluted Market Cap
$1.66M
ERP Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
ERP Supply
Circulating Supply
0
Total Supply
0
Max Supply
1.00Bn
Updated Jan 15, 2024 6:21 pm
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ERP
Entropyfi
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
70-Year-Old Woman Loses All Her Life Saving After Her Crypto Wallet And Private Key Burn Up In Flames In the California Wildfire
70-Year-Old Woman Loses All Her Life Saving After Her Crypto Wallet And Private Key Burn Up In Flames In the California Wildfire
The glowing red sky from the fires that has devoured Southern California has taken everything from residents; homes, offices and memories. But a 70-year-old woman has lost more than her home; she had lost all her life savings after discovering that both her crypto wallet and private keys were both stored at home. Since no backup or recovery phrase was created, the woman is now locked out of her crypto assets. The 70-year-old woman's nephew took to social media to describe the family's plight, writing "Most of her savings were in crypto and she lost her wallet and seed phrase, and doesn't have backups. I feel sick. This is all she had." Sparked a conversation on crypto wallet protection This tragic event has highlighted how crucial it is to securely store both the wallet and private key separately. The private key serves as the gateway to a crypto wallet, and without it, there is no way to regain access to the funds. In this instance, the absence of a robust backup system has led to the permanent loss of her savings, highlighting a critical vulnerability that crypto holders must address. While this is a unfortunate event for the family, but it also acts as a precautionary tale for crypto owners to adopt secure storage practices. Experts have recommend keeping seed phrases offline and in multiple secure locations, with many advocating for storage solutions designed to withstand fire or water damage, such as metal backup plates. With the emergence of newer technologies, like seedless wallets and multi-signature systems, it also offers users with a more advanced and reliable way to safeguard their digital assets. Crypto companies also suffered losses from the fire But this 70-year-old woman is not the only person who have lost their valuable digital asset in this fire. Similarly, a few crypto companies in the city have also suffered severe losses after they found themselves in the pathway of the flames. Swan Bitcoin, which has employees based near Santa Monica, and blockchain infrastructure provider BlockDaemon, headquartered in Los Angeles, both reported significant losses, including the destruction of hardware wallets containing valuable cryptocurrency assets after their companies were unfortunately struck by the incoming fire. In the past, we would hardly associate natural disasters with digital assets. But this saga has proved otherwise, and that our digital assets can be vulnerable to fires as well if they are not properly protected. This incident serves as a wake-up call for cryptocurrency holders to reassess their approach to securing digital assets. The loss of funds in this case could have been mitigated with more effective backup strategies or the use of advanced wallet solutions. As natural disasters become increasingly common, crypto users must take proactive steps to protect their holdings against unforeseen events.
XingChi
Jan 13, 2025 4:33 pm

Frequently Asked Questions

  • What Is Entropyfi?

    Entropyfi allows users to amplify their passive income with fun prediction games. Our first product is a lossless prediction game which allows users to amplify their yield in a low risk manner. Entropyfi offers crypto asset price prediction games and differentiates itself with the lossless function. Lossless means we removesthe financial disincentive that penalizes users who make wrong predictions. Instead, Entropyfi utilizes the yield on deposit pool to reward winners. With a better aligned financial incentive design, Entropyfi is able to scale the prediction market and provide more reliable and scalable crowd wisdom sourcing machine.

    Entropyfi is currently deployed on Ethereum Kovan testnet and Polygon Mumbai testnet. We invite you to test out the beta version at https://app.entropyfi.com/. For guides on how to acquire Kovan testnet tokens, please visit https://docs.entropyfi.com/user-guide/getting-testnet-tokens. In the next major update, Entropyfi will provide pegged asset insurance markets and bundled insurance markets.

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  • What Makes Entropyfi Prediction Market Lossless?

    Whether you are a player to a prediction market, or a sponsor to the pool, 100 % of your principal tokens will be supplied to Aave to generate interest when you deposit money to Entropyfi.

    When the game ends, the interest generated from the players and sponsors’ principal will be distributed to the winners of the game.

    Simply put, you are amplifying your yield with your prediction skills.

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  • How is Entropyfi different?

    The traditional on-chain prediction markets are loss-realized, meaning users will take a loss on their principal if they made the incorrect prediction. The loss-realized characteristics makes it difficult for traditional prediction markets to scale, as users who suffered loss might stop engaging with the product. Entropyfi allows users to engage in prediction market without risking their principal. In addition, Entropyfi supports “set-and-forget” strategy, where the protocol itself will roll over users’ positions to the next round, hence compounding the profits. Entropyfi also supports asymmetrical prediction market for low-probability events prediction, thus functioning as an insurance protocol. We at Entropyfi believes that “lossless” is a crucial part to the success of prediction markets.

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  • What is ERP Token?

    ERP token is the governance token for Entropyfi. ERP token is also rewarded to users for providing liquidity and sponsor deposits into each prediction market.

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  • How Many ERP Tokens Are There in Circulation?

    There are 1,000,000,000 ERP tokens in circulation.

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  • Where Can I Buy ERP Tokens?

    Entropyfi will have its public sale on https://www.deversifi.com/. The IDO is available for 48 hours from Oct 28 10:30am PST/ 5:30pm UTC. Sign up here http://deversifi.com/DLM/signup.

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  • What is the all-time high price of Entropyfi (ERP)?

    The all-time high of ERP was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Entropyfi (ERP) is 0. The current price of ERP is down 0% from its all-time high.

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  • How much Entropyfi (ERP) is there in circulation?

    As of , there is currently 0 ERP in circulation. ERP has a maximum supply of 1.00Bn.

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  • What is the market cap of Entropyfi (ERP)?

    The current market cap of ERP is 0. It is calculated by multiplying the current supply of ERP by its real-time market price of 0.

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  • What is the all-time low price of Entropyfi (ERP)?

    The all-time low of ERP was 0 , from which the coin is now up 0%. The all-time low price of Entropyfi (ERP) is 0. The current price of ERP is up 0% from its all-time low.

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  • Is Entropyfi (ERP) a good investment?

    Entropyfi (ERP) has a market capitalization of $0 and is ranked #3775 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Entropyfi (ERP) price trends and patterns to find the best time to purchase ERP.

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