Mainframe
MFT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
The evaluation for MFT (Mainframe) was significantly impacted by substantial data gaps, resulting in -1.0 scores across Active Development, Market and Use Case, Team and Governance, and Security and Audit History primarily due to severe ticker collision with unrelated enterprise mainframe and Managed File Transfer software. The surviving sections reflect severe fundamental impairment: Community Support scored 1.0 due to an inactive/dormant community and extreme on-chain concentration (top 10 holders controlling 96.93% of supply), while Tokenomics scored 2.5 reflecting fixed supply but unverified circulating metrics and obsolete utility. Furthermore, project records indicate Mainframe rebranded to Hifi Finance and completed a token migration from MFT to HIFI (100:1 swap), rendering MFT a legacy, deprecated token with no active team or governance attached.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Mainframe (MFT)
Mainframe (MFT) is a deprecated legacy token that rebranded to Hifi Finance in 2021 and underwent a token migration to HIFI at a 100:1 ratio. Founded in 2017 by Mick Hagen and later led by CEO Doug Leonard starting in early 2020, the project originally focused on decentralized communications before pivoting toward fixed-rate decentralized finance (DeFi) lending. The token was deployed primarily as an ERC-20 contract on Ethereum, alongside a secondary contract on the Energi blockchain.
The MFT token has a fixed total supply of 10 billion tokens. Although it historically possessed governance and staking utility within the ecosystem, the completion of the token swap to HIFI rendered MFT obsolete. As a superseded asset, there are no active development activities, code releases, or governance proposals associated with the MFT contract.
Evaluation data highlights significant risks regarding token distribution and activity. On-chain holdings are heavily concentrated, with the top 5 holders controlling 96.67% of the supply and the top 10 controlling 96.93%. With the transition of the core project to Hifi Finance, the MFT community and development support have become dormant, leaving the original token in an abandoned state.