Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great project coming to our trading platform. Curve (CRV) is now available on KuCoin. Supported trading pair is CRV/USDT.
Please take note of the following schedule:
Project Summary
Total Supply | Market Cap | Issue Date | Consensus Protocol |
1,415,921,626 | $300,460,972 | 2020-08-14 | ERC20 |
Circulating Supply | 24hr Volume | Issue Price | Cryptographic Algorithm |
194,393,645 | $376,910,408 | - | - |
* The key metric numbers are calculated as at January 21, 2021
Curve is an exchange liquidity pool on Ethereum that is designed for efficient stablecoin trading. CRV is the native utility token in the Curve platform, and is used for voting in platform governance, and as a reward for liquidity providers. A portion of the trading fees collected is used to conduct constant CRV token burns.
Since Curve only trades stablecoins, liquidity providers experience minimal impermanent loss, which can occur in liquidity pools where tokens with large value fluctuations are traded.
The Curve liquidity pool is integrated with yearn.finance, which utilizes Aave and Compound, to maximize yield for liquidity providers even when their tokens are idle.
Official Website: https://www.curve.fi/
Whitepaper: Click to view
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
The KuCoin Team