Arbitrove Governance Token TROVE
1. Summary
- Price
-
$0.004075830000 +0.5%
- Market Cap
- $1.23M (#2681)
- Supply
- 300.00M / 1.00B
- Description
-
Arbitrove Governance Token (TROVE)
Arbitrove Governance Token (TROVE)
Arbitrove Governance Token (TROVE) is the governance token for the Arbitrove Protocol, a yield-bearing index and strategy vault protocol built natively on the Arbitrum network. The protocol offers a carefully curated index product with a basket of blue-chip tokens from the Arbitrum ecosystem, along with an automatic rebalance mechanism. This solution aims to address liquidity and slippage issues by providing community members with exposure to a wide range of Arbitrum tokens, while also ensuring long-term liquidity to different tokens.
Tokenomics
- The total supply of TROVE is 1,000,000,000 tokens.
- 70% of the total supply will initially be in the form of Escrowed TROVE (esTROVE), which is non-transferable but stakable for protocol revenue sharing.
- esTROVE can be vested into TROVE through a 1-year linear vesting starting from September 2023.
- esTROVE that is vested is not eligible for staking or fee sharing.
Token Allocations
- 220 million TROVE/esTROVE will be allocated for incentivizing users of indices, stakers, and liquidity providers.
- 10 million TROVE will be airdropped to xGRAIL holders.
- 90 million TROVE will be reserved by the Arbitrove treasury, with 60 million TROVE used for protocol-owned liquidity.
- 330 million esTROVE will be airdropped to Nitro Cartel Passport holders.
- 150 million esTROVE will be distributed to current and future team members and contributors.
Governance
- TROVE holders have the authority to decide the direction of the project.
- The token is designed for fair distribution, ensuring that supporters can benefit from real yields through protocol fees.
| Price | |
| 52W High price | $0.04 |
| 52W High date | 2nd Apr 2023 (1 year ago) |
| All Time High (ATH) Date | 23rd Feb 2023 (1 year ago) |
| ATH Price | $0.05 |
| % From ATH | -88.61% |
| All Time Low (ATL) Date | 20th Mar 2024 (4 months ago) |
| ATL Price | $0.005388310000 |
| % From ATL | 10.92% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $114,778.00 |
| Total Supply | 1.00B |
| Max Supply | 1.00B |
| Circulating Supply | 300.00M |
TROVE
How does Arbitrove Governance Token's (TROVE) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-34.8%
TROVE
-25.6%
Similar Market Cap
60 Day Return
-36.1%
TROVE
-8.5%
Similar Market Cap
1 Year Return
-82.6%
TROVE
-37.1%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | |
| Twitter followers | 21,864 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://nitrocartel.finance/ |
|---|---|
| Explorer | https://arbiscan.io/token/0x982239d38af50b0168da33... |
| @nitrocartel |
What is the correct contract address for Arbitrove Governance Token?
| Arbitrum-one | 0x982239d38af50b0168da33346d85fb12929c4c07 |
|---|
Has Arbitrove Governance Token been audited for security?
No security audits found for this project.
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