Buy Curve Dao Token

Reasons to Buy Curve Dao Token

• Curve DAO Token(CRV) is the utility token that powers the Curve.fi platform.
• It has a market cap of more than $1 billion dollars.
• It is an AMM (Automated Market Maker).
• The sustenance of Curve platform is through the fees that are charged to the users utilizing services of the platform.
• It has a circulating supply of nearly 420 million coins, while the maximum supply is around 3 billion CVR coins.

Curve DAO was founded in 2020 by Michael Egorov – a Russian scientist.

It started with the aim of providing a platform for the exchange of ERC-20 and other stablecoins. The system finds the best routes for exchanging the tokens and ensures that users are charged with low slippage and low fees. To achieve this system of exchanging, Curve uses liquidity pools which are backed with liquidity tokens.

Things to consider before buying Curve Dao Token

• Curve has gained a lot of popularity because of the AMM providing stablecoin trading.
• Users holding the CRV tokens possess governance rights on the platform.
• The CRV token can be locked up to a maximum of 4 years in order to vote on governance and claim protocol fees as a reward.

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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.