You know, keeping things from people you care about is generally not customary. That’s why we’ve decided to share more news with you: the KickEX token collection has grown, and now Curve DAO (CRV) is available on the exchange through the СRV/USDT trading pair.
What is Curve DAO?
It’s not a big secret at all :) Here’s the story.
CRV token is a part of the famous Curve Finance program, a cryptocurrency exchange where you can only trade in stablecoins. The founder and CEO of Curve is Michael Egorov, our fellow countryman and a man with extensive experience in the cryptocurrency market. His project has received great publicity and popularity among users due to its low fees compared to, for example, Uniswap. Currently, this project is one of the top three DeFi startups in terms of capitalization.
Back to the token. CRV was released as a service token. Its main function was the voting system for managing the platform and paying users. Fun fact: the token was launched unexpectedly, even for Curve Finance itself!
When CRV was just in the works, it had already become one of the most anticipated and discussed tokens, and Curve Finance announced that it would be released in early August 2020. On August 14, 2020, the Curve DAO token was launched by an anonymous developer without anyone’s knowledge. This developer succeeded due to both the CRV token’s code and the DAO code being available on GitHub. All that needed to be done was to combine them together and launch a smart contract. After the unexpected launch, people started tweeting the news and buying the token. Curve Finance tested the code, deemed it adequate, and officially adopted it. What do you think of this story?
As per tradition, here are some numbers:
- In terms of capitalization, Curve ranks among the top three Defi projects. This makes Curve an excellent candidate for a place in your portfolio;
- CRV is currently ranked #87 on CoinMarketCap;
- Curve has a market capitalization of $1,126,964,722 USD.
Pretty cool, huh! This news is sure to have made your Wednesday a little better and, at the very least, more interesting and informative. On this note, we won’t take up much more of your time. We’ll just leave you with some advice: don’t miss your opportunities, come trade on KickEX!