Mirror Protocol (MIR)

Mirror Protocol (MIR)

Rank #671

$0.172912

24.12%

0.000008 BTC

MIR
USD

MARKET CAP

$13.443M

ALL TIME HIGH

$12.86

VOLUME 24H

$82.986M

CIRC. SUPPLY

77.743M

VOL/MCAP

617.00%

TOTAL SUPPLY

370.575M

DILUTED MCAP

$64.077M

MAX SUPPLY

--

1H USD

0%

24H USD

24.12%

7D USD

34.96%

30D USD

49.08%

60D USD

43.31%

90D USD

0%

Tag:

cosmos-ecosystemdefiderivativessyntheticsView all

Mirror Protocol Price Chart

24h Change

24.12 %

Mirror Protocol - MIR Profiles

What is Mirror Protocol?

MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain.

Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project.

Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset.

Oustanding Feautures

What is the project trying to achieve?

  • Global Accessibility: In most markets outside of Europe & North America, access to foreign equities and forex markets is highly limited. Crypto allows global accessibility without entry barriers.
  • Fractional Orders: In traditional finance, to execute a fractional order, multiple fractional orders are bundled together to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time. By utilizing the blockchain, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.
  • Nearly-Instantaneous Order Execution: Oftentimes due to the lack of liquidity (price-time-priority order book algorithm), orders can take up to a day to fully execute. Given the fact that Mirror relies on liquidity provided by each individual asset pool, orders can be executed as fast as the blocktime of the network (~ 6 seconds).

What is the unique selling point?

Mirror Protocol’s value comes from its technical capabilities, and the technology behind it. This makes it possible for anyone to create synthetic assets, without having to own the underlying assets. To maintain the assets’ value, the system uses smart contract collateralization. It is worth remembering that the various roles of users provide incentives that exist outside the scope of the native token.

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People

We found 0 people related to mir-mirror-protocol, include

Organizations

We found 10 organizations related to Mirror Protocol has Hack VC, Terraform Labs, Hashed, Vellau Ventures, Robot Ventures, ICONIUM, Rockaway Blockchain Fund, Terra, Pantera Capital, Mir Coin

Mirror Protocol Price Live Data

MIR Price

$0.172912

Trading Volume

$82.99 M

All Time High

$12.86

1hour Change

-2.21%

24hours Change

24.12%

24hours Range

24.12%

24hours Low

$1.29

24hours High

$1.40

Liquidity ±2%

$20,645.62 B

Bids -2%

$2.06 M

Asks +2%

$1.41 M

Market Cap

$13.44 M

Fully Diluted Market Cap

64.08 M

Circulating Supply

77.74 M

Total Supply

370.57 M

Max Supply

0.00

Mirror Protocol Markets

See All Market
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