Currencies
6980
Market Cap
$ 2.35T
+1.5%
24h Spot Volume
$ 190.77B
-7.8%
BTC Dominance
49.59%
-1.58%
Convergence Finance [CONV]
 
Rank: 533
Token:
Ethereum
USD 0.121
0.12
BTC 1.95e-6
0.20
ETH 0.0000489
-0.85

Convergence is the first decentralized interchangeable assets protocol.

Market Cap

$ 54,386,219
Ƀ 873
ATH: $ 123,506,217 

24h Trade Volume

$ 5,947,223
Ƀ 95.48
CONV 48,989,538

Supply

Circulating:
CONV 448,000,000(4.48%)
Total:
CONV 10,000,000,000
Max:
CONV 10,000,000,000

All-Time-High (ATH) Price

$ 0.276 (25 Mar 2021)
Ƀ 5.38e-6 (25 Mar 2021)
ETH 0.000174 (25 Mar 2021)
From ATH: -56%

Convergence Finance (CONV) is a cryptocurrency token generated on the Ethereum blockchain.

The max. supply of Convergence Finance that will ever be issued is 10.00 Billions tokens, and the current supply of CONV in circulation is 448.00 Millions tokens.

Current Convergence Finance price is $ 0.121 moved up to +0.12% for the last 24 hours.

All time high (ATH) price of Convergence Finance reached $ 0.276 on 25 Mar 2021 and fallen -56% from it.

Convergence Finance's share of the entire cryptocurrency market is 0.00% with the market capitalization of $ 54.39 Millions.

Convergence Finance’s 24 trading volume is $ 5.95 Millions. It is trading on 9 markets and 8 Exchanges the most active of them is OKEx.

Convergence Finance Price Chart

Convergence Finance price Index provides the latest CONV price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

The Convergence Finance to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

Convergence Finance Performance USD

PeriodChangeChange (%)HighLow
24H$ 0.000146+0.12%$ 0.122$ 0.114
7D$ 0.00676+5.9%$ 0.143$ 0.103
14D-$ 0.0317-20.7%$ 0.153$ 0.103

What is Convergence Finance

The Convergence Protocol provides greater liquidity, transparency and inclusion to the trading of real world asset exposure in DeFi via the Convergence token wrapping module and Convergence AMM. Convergence Finance combines the advantage of security tokens with the liquidity, automation and transparency features of DeFi to bring real asset liquidity and exposure to DeFi.

Convergence Protocol: The Decentralized Interchangeable Asset Protocol

The Convergence Protocol will be the first to make real world asset exposure interchangeable in the DeFi space by connecting Wrapped Security Tokens (WSTs) with UTs on a single interface that is easy to use, adopt and composable with other DeFi protocols.

1) Wrapped Security Tokens

  • Unforeseen Liquidity

WSTs is the new type of token that will be traded across the Convergence ecosystem: the Convergence AMM and other liquidity venues.

  • Tied-in Economic Exposure

We have designed a proprietary token wrapping module that ensures both from an on-chain and off-chain perspective, economic benefits will be transferred to WST holders subject to token holders’ views via DAO. For example, the assurance for WST holders that they can monetize from the proceeds of a company’s (e.g.SpaceX) IPO.

  • Composability

WSTs are not limited just for trading and liquidity purposes. By working with different types of DeFi protocols, WSTs will flow around the DeFi supply chain with increased types of utilities. We will soon see stablecoins supported by WSTs, and lending & borrowing protocols with WSTs as collaterals.

2) Convergence Protocol

The Convergence Protocol consists of the token wrapping module, Convergence AMM infrastructure,

Convergence Pools and ConvergenceDAO.

  • Token Wrapping Module

This is Convergence Protocol’s secret sauce and proprietary asset. Think about BTC <> WBTC. This is the token wrapping layer for creating WSTs with features mentioned above. WSTs will be injected into Convergence AMM.

  • Convergence AMM Infrastructure

Built on Ethereum and being EVM-compatible with other chains (ie. Binance Smart Chain, Moonbeam and more), Convergence AMM enables trading WSTs 24/7 and real asset price discovery. The feature intelligently finds the best order routing from aggregated liquidity sources to give traders the best prices. It eliminates complexities and allows ease of access for retail investors, fund managers, and digital-native investors around the world to freely provide liquidity and trade amongst the pools.

  • Convergence Pools

Convergence Pools gives asset owners the flexibility to easily create and manage their own market making strategies. By creating their own pools, asset owners can perform initial WST offerings alongside providing liquidity for further trading for DeFi users. It eliminates complexities and allows ease of access for retail investors, fund managers, and digital-native investors around the world to freely provide liquidity and trade amongst the pools.

  • ConvergenceDAO

The purpose of setting up the ConvergenceDAO is to provide greater transparency and decentralization to the Convergence Protocol. CONV tokens holders will have governance rights to vote on various proposals. For example, the types of WSTs to be included in Convergence AMM and utility tokens that can be used to swap certain WSTs. Users are the decision makers on whether DOGE <> SpaceX can happen.

3) Native Token (CONV)

The Convergence native token serves several functions:

  • Governance Rights

The CONV token and its holders form a self-governed community that reflects the needs of its members. Holders of the token may vote on governance matters such as new assets, listing on exchanges, and any liquidity thresholds to be maintained.

  • Split of Transaction Fee

Liquidity providers will receive a split of the transaction fee in the form of CONV tokens.

  • Privileged Access

Holders of the token may also receive exclusive participation access to new initial WST offerings and pre-sale events.