Mirror protocol (MIR)

$ 0.141680000000000000

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Description

What is Mirror Protocol Cryptocurrency? Mirror Protocol (MIR) is a decentralized tokenized synthetic asset built on Polkadot. It gives users access to a range of crypto markets in a single platform. Mirror Protocol is the native token of the platform and is used to provide voting rights and liquid rewards. Mirror Protocol is designed to offer a trusted source of synthetic prices by incentivizing stakeholders' behavior and data accuracy. On the Mirror Protocol, users are able to create and trade tokenized derivatives of traditional asset classes such as stocks, commodities, and fiat currencies. Who founded it? Mirror Protocol was created by the San Francisco-based firm Synthetix. The team is lead by Kain Warwick, a programmer and AI researcher. Kain and his team developed the platform with the intention of creating a more efficient and secure market for synthetic assets. What Makes it Unique? Mirror Protocol is a decentralized synthetic asset platform, which allows users to trade a wide range of tokenized assets on a single platform. It is designed to be a trusted source of price information, which is enabled by its unique ERC-20 token, MIR. It also has very low fees compared to centralized exchanges, and provides a secure platform to create and trade synthetic assets. Where Does it Used? Mirror Protocol is used by traders and investors to access a wide range of tokenized assets. Investors can access tokenized versions of traditional assets such as stocks, commodities, and fiat currencies, as well as decentralized versions of assets such as cryptocurrencies and real estate. Where to Buy/Sell it? Users can buy and sell Mirror Protocol tokens (MIR) on a number of exchanges, including Binance, Huobi Global, OKEx, and Kraken. Users can also buy MIR tokens directly from Synthetix, or through a decentralised exchange such as Kyber Network and Uniswap.