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Price Changes

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comp

COMP Price Statistics

Compound Price Today


Price


Price Change24h

%


Price Change7d

1.82%


Market Rank

#123


Market Cap

5,484 Cr


Trade Volume24h

1,264 Cr


Circulating Supply

80,86,548 COMP


Trading Activity

53% Buy 47% Sell

Reasons to Buy Compound

  • It is an Ethereum based ERC-20 token.
  • It provides interest to you on your deposits.
  • It has good transaction speed.
  • It has a maximum supply of 10 million COMP.

Compound was officially launched in 2018 by Robert Leshner and Geoffrey Hayes.

Compound has its own way of trading in this growing market of cryptocurrency. It is an Ethereum based decentralized blockchain platform that allows you to borrow or lend some particular cryptocurrencies(total- 9) viz DAI, ETH, USDT, USDT, etc. The user receives benefits when he deposits his crypto assets in Compound and gets c-tokens or COMP tokens in return. Compound has its protocols, and the user also benefits by receiving interest on what he deposited.

Compound has its native utility token as COMP that is used as a mode of providing incentives.

Things to consider before buying Compound

  • Compound can provide greater interest rates than most banks.
  • Whenever a user interacts with Compound, he is awarded COMP tokens.
  • Its holders can suggest changes in the Compound protocol.

FAQ's

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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