Compound Coin

1. Summary

Ranks

Liquidity

-

Developer

-

Social

28

Momentum (beta)

0

Stack Rank™

-

Price

$0.000001130000 0.0%

Market Cap

$0.00 (#12188)

Supply

/

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Price
52W High price	$0.000005813000
52W High date	5th Sep 2022 (2 years ago)
All Time High (ATH) Date	20th Dec 2024 (5 months ago)
All Time Low (ATL) Date	20th Dec 2024 (5 months ago)

Supply & Trading Volume

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Description

Compound Governance Token

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Compound Governance Token

Compound is an ERC-20 asset that empowers community governance of the Compound protocol. The token, COMP, is designed to incentivize decentralized governance and financial decision-making within the Compound ecosystem.

Key Components

• Users: Both borrowers and lenders participating in the lending and borrowing of cryptocurrency and stablecoins.
• Smart Contracts: Facilitating the exchange of assets between borrowers and lenders, tracking available funds, and adjusting interest rates based on supply and demand.
• Developers: Contributing to the open-source code and solving problems to enhance the platform.
• COMP Token: Rewarding users for their contributions and allowing them to participate in governance decisions.

Governance and Token Economy

• COMP token-holders and delegates propose and vote on changes to the protocol.
• Users are incentivized to hold and participate with COMP tokens as they can vote on interest rates and other key factors affecting their revenue.

Technical Details

• COMP tokens utilize the Ethereum blockchain and smart contracts to implement decentralized governance.
• The protocol operates on a delegated Proof of Stake consensus mechanism.
• Total supply of COMP tokens is capped at 10 million, with distribution planned over time.

Benefits and Functionality

• Attractive interest rates and staking rewards.
• Compatible with the Ethereum blockchain.
• Highly liquid market.
• Globally accessible.
• Platform has a good reputation.

Security

• Compound is primarily secured through the Ethereum network.
• Governance is secured through the native COMP token.

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