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Corners is a decentralized stablecoin exchange that uses an automated market maker (AMM) to manage liquidity. Launched in January 2020, Curve DAO Token (CRV) quickly became synonymous with the decentralized finance (DeFi) phenomenon, gaining massive popularity in the second half of the same year. In August 2020, Curve introduced its decentralized autonomous organization (DAO), with the CRV token as its own means of payment and governance.
What makes Curve unique?
Curve has gained significant attention as an AMM specializing in stablecoin trading. The main features that make Curve stand out are:
- Reduced transaction times and low fees: By using stablecoins, Curve minimizes the risk of irreversible capital losses resulting from price fluctuations, making it an ideal place to trade.
- Working as a DAO: Users can use the CRV token to vote on platform decisions as well as receive liquidity rewards.
- Simple fee structure: Curve charges low transaction fees that go towards rewarding liquidity providers.
Curve Owners and Team
Curve’s founder and CEO is Michael Egorov, a Russian scientist with experience in cryptocurrency businesses. In 2015, he co-founded NuCypher, a company focused on building privacy-preserving infrastructure in the cryptocurrency space. Michael Egorov is also the founder of the LoanCoin banking and lending network. The Curve team will receive tokens on a two-year grant schedule as part of the initial launch plan.
What are the key numbers for CRV?
- Current price of CRV: $ 0.24
- Market capitalization: $299.08M
- Total supply: 2.19B CRV
- Token allocation distribution:
- Employees: 7.02%
- Investors: 8.27%
- Early adopters: 11.68%
- Management team: 61.34%
- Reserve: 11.69%
Token Unlock Status (as of October 31, 2024):
- Unlocked: 1.3B CRV (59.28%)
- Blocked: 890.65M CRV (40.72%)
How long has the CRV been on the market?
CRV was launched alongside Curve DAO in August 2020. The starting point for CRV was to create a medium for governance and incentive structure, as well as a means of payment for long-term services to liquidity providers.
Curve Security
Like all platforms operating in the DeFi ecosystem, Curve comes with typical risks associated with:
- Smart contracts: There is always a risk associated with exploiting bugs in the code.
- Irreversible losses: Although Curve supports stable assets, users may lose some value as prices level off across markets.
Curve has been audited, which increases trust in the platform, but does not eliminate all risks associated with investing.
Where to buy a CRV?
CRV token is available on popular exchanges such as:
- Binance
- OKEx
- Huobi Global
It is on these platforms that the largest trading of the CRV token takes place, which makes it easier for investors and traders to access this asset.
