SWRV
$ 0.0914 USD
$ 0.0914 USD
$ 131,582 0.00 USD
$ 131,582 USD
$ 1,561.47 USD
$ 1,561.47 USD
$ 5,229.85 USD
$ 5,229.85 USD
18.349 million SWRV
Related information
Issue Time
2000-01-01
Platform pertained to
--
Current price
$0.0914USD
Market Cap
$131,582USD
Volume of Transaction
24h
$1,561.47USD
Circulating supply
18.349mSWRV
Volume of Transaction
7d
$5,229.85USD
Change
24h
-4.3%
Number of Markets
38
Github Messages
More
Warehouse
None
Github's IP Address
[Copy]
Codebase Size
0
Last Updated Time
2016-05-18 04:51:19
Language Involved
--
Agreement
--
Token conversion
Current Rate0
0.00USD
SWRV Price Chart
Introduction
Markets3H
-6.45%
1D
-4.3%
1W
-13.62%
1M
-21.28%
1Y
-33.73%
All
-98.16%
| Aspect | Information |
|---|---|
| Short Name | SWRV |
| Full Name | Swerve Finance |
| Founded Year | 2020 |
| Main Founders | Anonymous community of developers |
| Support Exchanges | Binance, Huobi Global, OKEx, etc. |
| Storage Wallet | Metamask, Ledger, Trezor, etc. |
Overview of SWRV
Swerve Finance (SWRV) is a cryptocurrency token that operates on the Ethereum platform. It was launched in 2020 by an anonymous community of developers. Swerve Finance seeks to provide a simple protocol for users to contribute to liquidity and earn rewards. The SWRV token is listed on multiple exchanges including Binance, Huobi Global, OKEx and more. In terms of storage, SWRV tokens can be stored in a variety of cryptocurrency wallets including Metamask, Ledger, and Trezor among others.
Pros and Cons
| Pros | Cons |
|---|---|
| Operates on the established Ethereum platform | Founder anonymity may pose risk |
| Listed on multiple major exchanges | High volatility, common with cryptocurrencies |
| Potential earnings via liquidity provision | Dependence on the success of DeFi sector |
| Can be stored in various popular wallets | Competition with other similar DeFi tokens |
What Makes SWRV Unique？
Swerve Finance, represented by the SWRV token, introduces an innovative approach to create a fair decentralized finance (DeFi) system designed for stablecoin swaps. This is realized through its automated market maker (AMM) protocol similar to Curve Finance, but with a focus on equitable token distribution, meaning it aims to create more opportunities for smaller investors rather than concentrating profits with large-scale participants.
Unlike many other DeFi projects where a significant portion of the project's tokens are pre-mined by the project team, Swerve Finance started with a completely fair launch, meaning that no tokens were pre-allocated to the team or advisors. Instead, all tokens were distributed to the users and liquidity providers of the protocol.
How Does SWRV Work？
Swerve Finance, signified by the SWRV token, operates on an Automatic Market Maker (AMM) model, which allows digital assets to be traded in a permissionless and automatic way by using liquidity pools rather than a traditional market of buyers and sellers.
The main principle is that SWRV is not just a tradable token, but also a governance token of the Swerve platform. This means that holders of SWRV have the right to vote on key platform parameters and decisions, enabling a decentralized control structure.
The Swerve platform is primarily designed to facilitate stablecoin swaps. Users come to Swerve with one kind of stablecoin and can trade it for another type of stablecoin offered in the pools, with minimal slippage due to the focused nature of the liquidity pools. The protocol aims to provide highly-efficient trades by focusing specifically on stablecoins.
How to Store SWRV？
Here is the list of several wallet types that can be used to store SWRV tokens:
- Software wallets: Metamask, Trust Wallet
- Hardware wallets: Ledger, Trezor
- Web wallets: MyEtherWallet (MEW)
Should You Buy SWRV？
Whether or not you should buy SWRV depends on your individual financial goals, risk tolerance, and understanding of the cryptocurrency market. Here are several factors to consider:
- Knowledge about DeFi: Swerve Finance is a DeFi platform, so it is important to understand how DeFi works before investing in SWRV.
- Risk tolerance: Cryptocurrencies are volatile, so it is important to have a high risk tolerance before investing in SWRV.
- Long-term investment: SWRV is a governance token, so it is best to invest in it for the long term.
- Interest in passive earnings: You can earn passive income by providing liquidity to Swerve's liquidity pools.
If you are considering buying SWRV, it is important to do your own research and understand the risks involved. You should also only invest what you can afford to lose.
FAQs
Q: What is Swerve Finance's SWRV？
A: SWRV is the native governance token of Swerve Finance, a decentralized finance platform built on Ethereum's blockchain that primarily facilitates stablecoin swapping.
Q: Who developed SWRV？
A: The SWRV token was brought into existence by an unknown group of developers associated with Swerve Finance.
Q: Where is SWRV available for purchase？
A: SWRV can be acquired from multiple cryptocurrency exchanges, including prominent platforms such as Binance, Huobi Global, and OKEx.
Q: How does Swerve Finance use the SWRV token？
A: Swerve Finance uses the SWRV token to enable token holders to govern the platform and earn rewards for providing liquidity in its stablecoin pools.
Q: What kind of wallets support SWRV storage？
A: SWRV can be stored in a range of wallets that offer support for ERC-20 tokens, including software, hardware, and web wallets like Metamask, Ledger, and MyEtherWallet.
SWRV Market
- 1
12 ratings