Convert CRV to USD
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dogsDogsWhat is Curve DAO Token?
Let's introduce you to Curve DAO Token or simply Curve (CRV). The coin is of great interest to the cryptocurrency world. It is a decentralized Stablecoin exchange. To manage liquidity, it uses AMM (automated market maker).
The launch took place at the beginning of 2020. The project is now synonymous with the DeFi phenomenon. In the second half of that year, active growth began. In August, they launched the DAO with their own developed token CRV. DAO uses a highly efficient tool based on the popular Ethereum project, Aragon. It allows for the interconnection of different smart contracts that provide liquidity management. But the network management, in this case, differs from the Aragon.
Creator of Curve
The founder and, at the same time, manager of Curve is Mikhail Egorov. He is a Russian scientist with solid experience in cryptocurrency. In 2015, Mikhail and his partners created a cryptocurrency business called NuCypher, where he served as technical director. Their task is to create protocols and special infrastructure, providing privacy. Egorov did not stop there and founded LoanCoin, a decentralized credit and banking network.
What are the features of CRV and DAO?
These coins are now attracting a lot of attention. The automated market maker opens up the possibility of trading special Stablecoins. By launching tokens like CRV and DAO, the official profitability of the project has increased significantly. It is interesting because CRV has an original application scheme that rewards users for investing in liquidity and owning tokens for an extended period.
The rapid growth of DeFi trading has given Curve a significant resource — longevity. After all, huge volumes of necessary liquidity and user profits flow through AMM. That allows Curve to serve virtually everyone involved in DeFi: crypto farming, liquidity mining, and stackable coin stacking. The latter option suits those who want to increase profits with minimal risk. The platform earns through a small commission, which is charged directly to liquidity providers.
How many coins are in circulation now
The Curve (CRV) and DAO started in 2020. The main purpose is to act as a management tool, a dedicated structure for incentives, and a way for commissions to be paid out. It is also a way to generate long-term profits for liquidity providers. The approximate turnover is more than 3 billion token units. Liquidity providers received approximately 62%. The remaining share is distributed as follows:
- 30% owned by shareholders;
- 3% goes to employees;
- 5% reserve.
The tokens are distributed between shareholders and employees based on a vesting schedule that lasts 2 years. Do you think this is a reasonable and fair solution?
Where can you buy Curve?
CRV is now freely traded on the global crypto market: Binance, OKEx, Huobi, and other exchanges. You can use the PassimPay service to store your crypto-assets and use them for business purposes by connecting your website or online project to our platform. More than that, on PassimPay, you can easily convert CRV into over 45 currencies and coins. Quickly, safely, and with low fees.