what is Curve (CRV Coin Crypto Token)? - Navigasi Berita a -->
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what is Curve (CRV Coin Crypto Token)?

Navigasi - Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity. Launched in January 2020, Curve is now synonymous with the phenomenon of decentralized finance (DeFi), and has seen significant growth in the second half of 2020.

what is Curve (CRV Coin Crypto Token)?
what is Curve (CRV Coin Crypto Token)?

Curve launched a decentralized autonomous organization (DAO), with CRV Coin as its internal crypto token. DAO uses Aragon's Ethereum-based creation tool to link multiple smart contracts used for user-stored liquidity. 

Curve DAO Token (CRV) is an Ethereum token that powers Curve.fi, a decentralized exchange and automated market maker protocol. The protocol is designed to make it easy to swap between similar ERC-20 tokens, primarily stablecoins (like USDC and DAI) and Ethereum-based Bitcoin tokens (like WBTC and renBTC). In order to minimize impermanent loss, the protocol only hosts pools of similar assets. 

This means you can provide USDC-DAI-USDT liquidity on Curve, but not, for example, USDC-WBTC. The CRV token can be locked for various periods of time (up to 4 years) in order to vote on governance and claim protocol fees as a reward.

for the current price the curve is 1.42 US Dollars with a maximum number of coins of 3,303,030,299 CRV coins while those currently circulating in the market are 1,801,079,602 CRV on coinmarketcap ranking #66. Curve is certain to have high profit potential when the crypto market is bullish later.

Founder of Curve

The founder and CEO of Curve is Michael Egorov, a Russian scientist who has a wide range of experience with cryptocurrency-related companies. In 2015, Egorov co-founded and became CTO of NuCypher, a cryptocurrency business that builds infrastructure and privacy-preserving protocols.

Egorov is also the founder of the decentralized bank and lending network LoanCoin. The regular Curve team is part of the CRV allocation structure, and will receive tokens according to a two-year vesting schedule as part of the initial launch plan.

Advantages of Curve

Curve has been getting a lot of attention following its delivery as a dedicated AMM for trading stablecoins.

The launch of DAO and CRV tokens brings further profitability, given the use of CRV for governance, as they are awarded to users based on liquidity commitments and length of ownership.