{"id":22742,"date":"2025-11-28T17:49:25","date_gmt":"2025-11-28T17:49:25","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=22742"},"modified":"2025-11-28T17:49:26","modified_gmt":"2025-11-28T17:49:26","slug":"wefi-wfi-purpose-functionality-crypto-gem","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/learn\/crypto\/wefi\/","title":{"rendered":"WeFi (WFI) : Unveiling the purpose and functionality of this crypto gem in 2026"},"content":{"rendered":"\n

What is WeFi?<\/h2>\n\n\n\n

WeFi<\/strong> is a financial platform that integrates traditional banking services<\/strong> onto a decentralized infrastructure. The project defines itself as a “deobank,” an innovative concept that merges the advantages of a digital bank<\/strong> with the transparency and security of blockchain <\/a>technology<\/strong>.<\/p>\n\n\n

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\"The<\/figure>\n<\/div>\n\n\n

In concrete terms, WeFi offers self-custodial cryptocurrency <\/a>wallets<\/strong>, international payment cards, and yield services, all managed from a single application. The goal is to enable users to regain full control of their assets<\/strong> while benefiting from modern financial services accessible anywhere in the world.<\/p>\n\n\n\n

The History of WeFi<\/h3>\n\n\n\n

The WeFi adventure began in 2024<\/strong>, with the ambition to build a more inclusive financial system. After a closed beta phase<\/strong> in late 2024, the platform was officially launched to the public in early 2025. The project quickly gained notoriety, notably by organizing the “Beyond Banking” summit in Bangkok<\/strong> in June 2025, an event that brought together over 2,000 participants<\/strong> and even featured the presence of legendary boxer Mike Tyson<\/strong>.<\/p>\n\n\n\n

Another notable milestone in its recent history is obtaining a Guinness World Record<\/strong> on May 30, 2025 for the largest number of viewers during a live blockchain broadcast, with no fewer than 121,348 spectators<\/strong>!<\/p>\n\n\n\n

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Get 6,200 USDT in rewards with Bitget!<\/a><\/div>\n<\/div>\n\n\n\n

Who is the Creator of WeFi?<\/h3>\n\n\n\n

The WeFi project is led by a team of finance and technology veterans. The two co-founders are Maksym Sakharov<\/strong>, entrepreneur and former CEO of Exflow, and Reeve Collins<\/strong>, a well-known figure in the crypto ecosystem as co-founder of Tether (USDT)<\/strong>.<\/p>\n\n\n

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Maksym Sakharov is one of the co-founders of WeFi.<\/figcaption><\/figure>\n<\/div>\n\n\n

The leadership team also comprises experts from industry giants such as Wise<\/strong>, Bitpanda<\/strong>, and Binance<\/a><\/strong>, bringing solid credibility and expertise to the project.<\/p>\n\n\n\n

What is the WeFi (WFI) Crypto Used For?<\/h2>\n\n\n\n

The WFI token<\/strong> is the native utility token of the WeFi ecosystem. It sits at the heart of the platform’s operations and serves several essential functions.<\/p>\n\n\n\n

WFI first serves for staking<\/a>, a process by which token holders can lock their tokens to contribute to network security<\/strong> and receive rewards in return. Once it migrates to WeChain<\/strong>, it will also serve as fuel to pay transaction fees throughout the ecosystem.<\/p>\n\n\n\n

Finally, the token is integrated into a referral and vesting system, and it is planned to interact with the platform’s future stablecoins<\/strong>, such as WUSD.<\/p>\n\n\n\n

Which Blockchain Does WeFi (WFI) Run On?<\/h3>\n\n\n\n

WFI was initially launched on Binance’s Smart Chain<\/strong> and BNB<\/a><\/strong>. A highly relevant blockchain for WeFi’s use cases, since fees are minimal and transactions are processed very quickly.<\/p>\n\n\n\n

There is no exact date yet, but WFI is planned to migrate to its own proprietary blockchain<\/strong>, WeChain. This is a blockchain built using Cosmos<\/strong> tools. This feature will allow it to control network participants, thereby facilitating integration with regulated entities such as banks<\/strong> and governments<\/strong>.<\/p>\n\n\n\n

Apparently, WeChain will use both Layer 1<\/strong> and Layer 2<\/strong> architecture to ensure its scalability and performance. This robust infrastructure is designed to support a network of decentralized applications (DApps) while ensuring compliance with local regulations<\/strong> through country-specific data nodes.<\/p>\n\n\n\n

Advantages and Disadvantages of WeFi (WFI)<\/h2>\n\n\n\n

Like any crypto project, WeFi presents strengths and weaknesses that are important to consider.<\/p>\n\n\n\n

Advantages<\/h3>\n\n\n\n