-
bitcoin $87959.907984 USD
1.34% -
ethereum $2920.497338 USD
3.04% -
tether $0.999775 USD
0.00% -
xrp $2.237324 USD
8.12% -
bnb $860.243768 USD
0.90% -
solana $138.089498 USD
5.43% -
usd-coin $0.999807 USD
0.01% -
tron $0.272801 USD
-1.53% -
dogecoin $0.150904 USD
2.96% -
cardano $0.421635 USD
1.97% -
hyperliquid $32.152445 USD
2.23% -
bitcoin-cash $533.301069 USD
-1.94% -
chainlink $12.953417 USD
2.68% -
unus-sed-leo $9.535951 USD
0.73% -
zcash $521.483386 USD
-2.87%
What kind of currency is COMP coin? Introduction to the official website, circulation and trading platform of COMP coin
COMP coin, the native token of Compound Protocol, allows holders to influence the platform's governance and potentially benefit from its value appreciation.
Oct 06, 2024 at 12:35 pm
COMP coin is the native cryptocurrency of the Compound Protocol, a decentralized lending and borrowing platform built on the Ethereum blockchain.
Official WebsiteThe official website of COMP coin is https://compound.finance/.
CirculationAs of June 1, 2023, there is a total of 10,000,200 COMP coins in circulation.
Trading PlatformsCOMP coin is listed on several major cryptocurrency exchanges, including Binance, Coinbase, and FTX.
Detailed Explanation- Purpose: COMP coin is primarily used for governance purposes within the Compound Protocol. Holders of COMP coins have the right to vote on proposed changes to the protocol, such as changes to interest rates, collateral requirements, and risk parameters.
- Issuance: COMP coins are distributed to users who lend or borrow assets on the Compound Protocol. The number of COMP coins received is proportional to the amount of interest accrued or paid on the borrowed assets.
- Tokenomics: COMP coin is a deflationary asset, meaning that the total supply gradually decreases over time. This is achieved through a buyback and burn mechanism, where a portion of the interest generated by the protocol is used to repurchase and destroy COMP coins from the market.
- Value: The value of COMP coin is derived from its utility as a governance token and its potential for growth as the Compound Protocol evolves. As the protocol attracts more users and assets, the demand for COMP coins is expected to increase, driving its price higher.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Ethereum Poised for Rally as Longs Consolidate Amidst Market Volatility
- 2026-02-02 16:00:02
- ETH Transfer Sparks Panic Selling, Wipes Out Trader in Major Crypto Shake-Up
- 2026-02-02 15:40:01
- Ethereum's High-Stakes Dance: Bull Trap or Supercycle Launchpad?
- 2026-02-02 16:05:01
- Bitcoin’s Wild Ride: Crypto Market Faces Price Drop Amidst Extreme Fear and Macro Headwinds
- 2026-02-02 12:30:01
- Bitcoin Price: Jim Cramer's $82K Recovery Forecast Ignites Market, Pitting Saylor Speculation Against the 'Inverse Cramer' Effect
- 2026-02-02 15:55:01
- Ross Stores Dominates Off-Price Retail with Brick-and-Mortar Prowess Amidst Economic Shifts
- 2026-02-02 13:20:01
Related knowledge
What is a delta-neutral strategy in DeFi?
Jan 04,2026 at 03:20am
Understanding Delta-Neutral Positioning1. A delta-neutral strategy in DeFi refers to a portfolio configuration where the overall sensitivity to price ...
How to track DeFi activity on a block explorer
Sep 04,2025 at 05:36pm
Bitcoin's Role in Decentralized Finance1. Bitcoin remains the cornerstone of the cryptocurrency ecosystem, serving as both a store of value and a benc...
What is the difference between DeFi and CeFi? An article analyzing the advantages and disadvantages of both
Jun 13,2025 at 03:57am
Understanding the Foundations of DeFi and CeFiTo fully grasp the difference between DeFi (Decentralized Finance) and CeFi (Centralized Finance), it’s ...
What is DeFi? How to balance risks and returns?
May 31,2025 at 12:22pm
What is DeFi? How to Balance Risks and Returns? Decentralized Finance, commonly known as DeFi, represents a revolutionary shift in the financial ecosy...
How does DeFi lending work? What is the difference from traditional bank loans?
May 29,2025 at 05:36pm
Introduction to DeFi LendingDeFi lending, or decentralized finance lending, represents a revolutionary shift in the way borrowing and lending are cond...
Is DeFi safe? The opportunities and challenges of decentralized finance
May 27,2025 at 02:28pm
Decentralized Finance, commonly known as DeFi, has revolutionized the financial landscape by offering a range of financial services without the need f...
What is a delta-neutral strategy in DeFi?
Jan 04,2026 at 03:20am
Understanding Delta-Neutral Positioning1. A delta-neutral strategy in DeFi refers to a portfolio configuration where the overall sensitivity to price ...
How to track DeFi activity on a block explorer
Sep 04,2025 at 05:36pm
Bitcoin's Role in Decentralized Finance1. Bitcoin remains the cornerstone of the cryptocurrency ecosystem, serving as both a store of value and a benc...
What is the difference between DeFi and CeFi? An article analyzing the advantages and disadvantages of both
Jun 13,2025 at 03:57am
Understanding the Foundations of DeFi and CeFiTo fully grasp the difference between DeFi (Decentralized Finance) and CeFi (Centralized Finance), it’s ...
What is DeFi? How to balance risks and returns?
May 31,2025 at 12:22pm
What is DeFi? How to Balance Risks and Returns? Decentralized Finance, commonly known as DeFi, represents a revolutionary shift in the financial ecosy...
How does DeFi lending work? What is the difference from traditional bank loans?
May 29,2025 at 05:36pm
Introduction to DeFi LendingDeFi lending, or decentralized finance lending, represents a revolutionary shift in the way borrowing and lending are cond...
Is DeFi safe? The opportunities and challenges of decentralized finance
May 27,2025 at 02:28pm
Decentralized Finance, commonly known as DeFi, has revolutionized the financial landscape by offering a range of financial services without the need f...
See all articles














