COMP
No. 135Price
Markets
Market | Price | 24H Change | 30D Change | 24H Volume | 24H Value |
---|
1. Project introduction
Compound is a decentralized application (DApp) that works on top of the Ethereum network. The platform works by letting users contribute or deposit crypto funds into a liquidity pool in order to earn interest on their assets. Users can currently use 14 different cryptocurrencies and the top three markets in Compound are USD Coin, Dai and Ether.
Compound allows users to seamlessly lend, borrow, and earn interest in cryptocurrency. If users lock in their crypto funds with the platform, users can pocket increasingly lucrative returns with compounding interest. Compound automates the process of matching lenders and borrowers by combining crypto funds into pools of liquidity. This automated process is possible thanks to smart contracts that are built into Compound’s native cTokens.
2. Team introduction
Founder: Robert Leshner
Linkedin: https://www.linkedin.com/in/rleshner/
CTO & Founder: Geoffrey Hayes
Linkedin: https://www.linkedin.com/in/geoffrey-hayes-a0b0952a/
3. Investment institution
A195 Capital, Hack VC, Infinite Decentralization Capital, New Form Capital, Rockaway Blockchain Fund
4. Application and distribution
Total supply: 10,000,000
Token application:
COMP acts as the native crypto and governance token for the Compound platform
Token distribution:
Shareholders of Compound Labs, Inc., which created the protocol: 2,396,307 COMP
Founders & team, and subject to 4-year vesting: 2,226,037 COMP
Future team members: 372,707 COMP
Reserved for users of the protocol: 4,229,949 COMP
Community: 775,000 COMP
Investing in cryptocurrencies carries market risks and price volatility. Before buying or selling, investors should consider their investment objectives, experience, and risk tolerance. Investments can result in partial or total loss, and investors should determine the investment amount based on the level of loss they can afford. Investors should be aware of the risks associated with crypto assets and seek assistance from financial advisors if in doubt. Additionally, there may still be unforeseen risks. Investors should consider their financial situation with diligence before making any trading decisions. The opinions, news, analysis, etc., provided on this website are market commentary and do not constitute investment advice. The platform is not responsible for any profit losses incurred due to reliance on this information.
The cryptocurrency data displayed on the platform (such as real-time prices) is sourced from third parties and for reference only, no guarantees provided. Trading on the internet comes with risks, including software and hardware failures. The platform does not control the reliability of the internet and is not responsible for any losses resulting from connection failures or other related issues.