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Convergence Finance Overview

Convergence Finance aims to create a strong DeFi ecosystem and provide access to quality projects and IDO in a secure and compliant environment. It utilizes its native CONV tokens and a robust infrastructure to enable cross-chain compatibility and maximize liquidity across different chains. This allows users to interact with private-sale token projects and transact beyond the ERC20 standard.

Convergence Finance is the first AMM to make private tokens interchangeable in the DeFi space by fractionalizing them through a single easy-to-use interface. These tokens can also be composed with other DeFi protocols.

Convergence Finance combines the advantages of a lowered investment entry barrier with the liquidity, automation, and transparency features of DeFi to offer exclusive investment exposure to all DeFi users.

CONV is a multi-chain protocol utility token available on Ethereum and Moonbeam Network. It serves various purposes such as accessing premium launchpad subscription pools, earning AMM pool staking rewards, providing governance rights for future protocol DAO, and facilitating future cross-chain swaps as the base token.

What Sets Convergence Apart?

Convergence has gained significant attention and support from institutional and individual investors such as Hashed, Alameda Research, OKX, Pantera, Divergence Ventures, and Kenetic. It aims to democratize investment by making private markets public and offers cross-chain compatibility for users to transact beyond the Ethereum ERC20 standard.

Convergence Finance has expanded its product suite to include the Moonriver and Moonbeam ecosystem. This expansion provides an optimized cross-chain AMM and launchpad experience with fast confirmation and low transaction fees.

Convergence Founders

Oscar and Ivan Yeung are the co-founders of Convergence. Oscar Yeung graduated with a degree in finance and international business from NYU Stern and started a career in finance. In 2014, he became a global markets analyst at Deutsche Bank. In 2016, Oscar Yeung founded KidHop, an educational platform leveraging technological advancements to provide various activities for kids. In 2021, Oscar teamed up with Ivan Yeung to establish Convergence.

Ivan Yeung is the other co-founder of Convergence. He graduated with a degree in computer science from Simon Fraser University. In 2016, he joined IBM as an information technology analyst and spent two years there. In 2018, Ivan Yeung became a product development lead at Axon Driver Solutions and then a senior product manager at Liquefy in 2019. Since the beginning of 2021, he has been actively involved in Convergence and the protocol launch.

Where to Buy Convergence (CONV)?

CONV is currently listed on centralized exchanges such as FTX, OKX, Gate.io, MXC, AscendEX(Bitmax), etc. It is also available for swapping on decentralized exchanges like Uniswap on Ethereum and Convergence Swap AMM on Ethereum and Moonbeam.

Convergence Token Supply

Convergence has a total supply of 10,000,000,000 CONV tokens. The upcoming ICO will release about 60,000,000 CONV tokens, which accounts for approximately 0.6% of the total supply, for public sale. Currently, 448,000,000 tokens of Convergence (CONV) are circulating in the market.

Out of the total token supply, 40% will be allocated to the Convergence ecosystem. Another 10% will be distributed among prominent members of the Convergence community. Approximately 20% of CONV tokens will be dedicated to strategic sales and liquidity guarantees. The founding team and advisors will receive 10% and 5% of the total token supply, respectively. Lastly, 4% of the total supply has been distributed among investors during the seed sale for Convergence.