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Carbon Protocol

Carbon Protocol SWTH Price $ 0.00878

Rank: 1135

151 Watchlists

Blockchain Infrastructure

SWTH Price

0.00878
2.96%
(-$ 0.000268)
Price Range
LowHigh
$ 0.00862$ 0.00909

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Description

Carbon is a layer-2 cross-chain decentralized protocol that powers anything DeFi

Carbon Protocol (SWTH) Chart

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

SWTH to USD Converter

Carbon Protocol (SWTH)SWTH

ICO

17 Mar 2018

Raised

N/A

Price:

$ 0.016

ROI:

0.55x  -45.1%

Platform:

N/A

ATH ROI:

6.48x  +548.3%

SWTH Price Statistics

leaderboard

Market Cap

$ 15.02M

FDV

$ 18.98M

ATH Market Cap

$ 146.22M

24 Trade Vol.

$ 56.77K


Vol. (24h) / MCap

0.00378

Max Supply

SWTH 2,160,000,000

Total Supply

SWTH 2,160,000,000

Circulating Supply

SWTH 1.71B

(79.1% of Max Supply)

Listing Date

2 Apr 2018

ICO Price

$ 0.016

17 Mar 2018

ICO ROI

45.1%

0.549x

All Time High

$ 0.104

28 Mar 2021


All Time Low

$ 0.00168

3 Dec 2019


From ATH

91.5%

From ATL

421.8%

Carbon Protocol Price Analysis

What is Carbon Protocol (SWTH)?

Carbon is a decentralized layer 2 cross-chain trading protocol launched by Switcheo Labs, designed specifically to support trading of sophisticated & advanced financial instruments such as options, bonds and futures, at scale. Carbon is a custom-built sidechain that utilizes underlying technology from Cosmos Tendermint Core comprising:

  • Tendermint Core
  • Cosmos SDK
  • IBC protocol

As a layer 2 protocol, Carbon operates as a secondary framework that runs parallel to Layer 1 chains (i.e. Ethereum, Neo, Zilliqa), functioning independently while remaining anchored to their security. This enables faster trades, lower fees, support of sophisticated financial instruments, advanced order types, and cross-chain communication. The delegated Proof-of-Stake (dPOS) system built into Tendermint Core is utilized as Carbon's underlying consensus mechanism. This means the network is secured by a decentralized network of validator nodes that verify each transaction on the blockchain. 

Carbon enables cross-chain communication by acting as a bridge to sovereign blockchains, making use of a "relay chain" (Poly Network) to store and relay cross-chain transactions such as deposits and withdrawals between chains. This separate relay chain maintains block headers of participating chains which enables cross-chain communication. 

SWTH is the native governance token of Carbon. As the native governance token of Carbon, SWTH exists on different chains to open up the protocol to other blockchain ecosystems, enabling liquidity from external networks to flow into Carbon's ecosystem. With SWTH, anyone can be a liquidity provider on Carbon or external networks to earn from trading fees and additional farming incentives.

Carbon is a fully decentralized, community-driven development. With its on-chain governance feature, SWTH stakers are empowered to drive growth, enact changes and suggest improvements to the protocol. Powered by the SWTH token, stakeholders are entitled key decision-making power through their voting rights. 

Carbon Protocol Price Today

Carbon Protocol's current price is $ 0.00878, it has dropped -2.96% over the past 24 hours.

Carbon Protocol's All Time High (ATH) of $ 0.104 was reached on 28 Mar 2021, and is currently -91.5% down.

The current circulating supply of Carbon Protocol is 1.71 Billion tokens, and the maximum supply of Carbon Protocol is 2.16 Billions.

Carbon Protocol’s 24 hour trading volume is $ 56.77 Thousands.

Carbon Protocol's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 15.02 Million.

You can find more details about Carbon Protocol on its official website and on the block explorer.

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