Market Cap:
$1 613 224 898 870
(▼2.68%)
- Volume 24h: $102 671 773 465 (6.36%)
- Market Cap Change 24h: ▼2.68%
- BTC dominance: 44.71%
Float Protocol: Float
FLOAT
CMC Rank: 1016
- USD: $1.61
1h: ▲0.21% 24h: ▲5.2% 7d: ▲2.81%
- BTC: 0.000041 BTC
All Time High: $2.46 3 years ago
Current price is -35 % from ATH
Current price is -35 % from ATH
- Cap: $7 472 690
- Vol 24h: $431 688 (5.78 %)
- Circulating: 4 650 682 FLOAT (100.0 %)
- Total: 4 650 682 FLOAT
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About Float Protocol: Float
Float Protocol is building the decentralised monetary system of the future. At the heart of the protocol is the FLOAT token. It is designed to be the first truly native internet currency and fully satisfying all three of major properties of money: as a medium of exchange, a store of value and a unit of account.
Unlike most stablecoins, whilst FLOAT is designed to be stable and have significantly lower volatility than most cryptocurrencies, it is not designed to hold its price at $1.00. Instead, like most major fiat currencies, it is designed to float and change value over time.
FLOAT is stabilised through frequent auctions to expand or contract the supply. It is also partly supported by a 'Basket of cryptocurrencies that are used as part of the auction process.
Unlike most stablecoins, whilst FLOAT is designed to be stable and have significantly lower volatility than most cryptocurrencies, it is not designed to hold its price at $1.00. Instead, like most major fiat currencies, it is designed to float and change value over time.
FLOAT is stabilised through frequent auctions to expand or contract the supply. It is also partly supported by a 'Basket of cryptocurrencies that are used as part of the auction process.
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