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What Is Curve coin? All Information About CRV price & marketcap
Curve DAO Token is issued on the Ethereum platform, with a market cap ranking 955 in the Coinmarketcap.
Review Curve project
The curve is a decentralized exchange (DEX), which is designed to be Defi’s flagship stablecoin swap platform. By focusing solely on stablecoins, the exchange can provide traders with extremely low slippage. Curve exchange supports DAI, USDC, USDT, TUSD, BUSD, and sUSD, as well as BTC pairs. Users can trade between these pairs extremely quickly and efficiently.
CRV tokens will be used to participate in CurveDAO, a time-based voting system that allows early participants to have higher voting rates as the project develops. All system fees will be accumulated into the DAO and used to burn the CRV afterward.
What is CRV coin?
CRV is a governance token, a cryptocurrency built on top of the Ethereum blockchain. There will not be any token offerings or ICOs. Instead, liquidity providers will be rewarded with CRVs based on how much money they give the protocol. Initially, about 2 million CRVs will be issued every day.
Cases of using CRV
CRV token holders are entitled to participate in protocol management such as voting and reward for long-term liquidity providers.
What exchange is CRV traded on?
There are currently four exchanges that have listed CRV, including Binance, Uniswap, BKEX, and CoinTiger. However, Blogtienao encourages you to use Binance exchange for trading because it is currently the largest exchange in the world and has high liquidity (this will be more beneficial than exchanges with low liquidity).
Should you invest in CRV token?
According to the information provided by VakaFx, this is a potential project when possessing a lot of “special” things. However, the project is not without risks. So you need to thoroughly research and make your own decision whether to invest or not.
But one thing to keep in mind is that while CRV is tradable on platforms for traders who want to profit from the Defi fever, its main purpose is to be a governance token for CurveDAO.
To find out more about Curve DAO, please visit our website.