HachiFi was designed to resemble the Tamagotchi Platform. Tamagotchi is a Japanese electronic toy. The platform projects an animal which needs care and love from its owner. The owner is expected to treat the electronic toy like a real one. HachiFi was derived from two words, HACHI and DeFi. HACHI is a wordplay on the word ‘hatch’, which also means ‘eight’ in Japanese, and ‘DeFi’ which is the acronym for decentralized finance.
HachiFi is a Layer-III protocol that offers a wide range of decentralized opportunities. The protocol enables participants to invest and earn passive income from diverse DeFi opportunities. With HachiFi, users can participate in decentralized finance, non-fungible tokens, and the metaverse spaces.
In order to facilitate better collaboration, the HachiFi team will be launching a decentralized platform. With this platform, users can stake and store tokens. HACHI token is the native token of the HachiFi protocol. HACHI token was created to foster financial inclusion and increase the wide adoption of decentralized finance globally. The token will power the ecosystem and serve a variety of functions. HACHI token holders can receive staking rewards, enjoy discounted swap fees, and pay for exchange fees. It will also facilitate peer-to-peer (P2P) transactions, keep an NFT pet, and pay for swap fees.
Another interesting thing to note about the HachiFi platform is the merger of NFTs and yield farming. The HachiFi NFT platform will resemble farmland where farmers rear all kinds of domestic animals. These domestic animals such as pigs, cows, cats, dogs, sheep, and ducks. With HachiFi, users can breed and farm NFT. Users will receive these NFT livestock by staking their HACHI Token.
HachiFi is the first to introduce decentralized NFT farming. It is expected that this platform’s concept will receive wild demand for its uniqueness.