Compound (COMP)
Rank #121
Market snapshot
- Price
- $18.11
- Market cap
- $181.1M
- 24h volume
- $22.8M
- Circulating supply
- 9,999,999.9999
- Total supply
- 10,000,000
- Max supply
- N/A
What is Compound?
Compound (COMP) is a cryptocurrency designed to facilitate decentralized finance (DeFi) applications. It operates primarily on the Ethereum platform, allowing users to lend and borrow assets in a decentralized manner. The platform aims to provide an efficient way for users to earn interest on their cryptocurrency holdings and to access loans without the need for traditional financial intermediaries.
Key information
- Symbol
- COMP
- CMC rank
- #121
- Network / platforms
Avalanche C-Chain, BNB Smart Chain (BEP20), Ethereum, Gnosis Chain
- Categories
- N/A
- Date added
- Jun 16, 2020
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Avalanche C-Chain
0xc3048E19E76CB9a3Aa9d77D8C03c29Fc906e2437BNB Smart Chain (BEP20)
0x52ce071bd9b1c4b00a0b92d298c512478cad67e8Ethereum
0xc00e94cb662c3520282e6f5717214004a7f26888
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Compound (COMP)?
- Compound (COMP) is a cryptocurrency that operates on the Ethereum platform, facilitating decentralized finance applications.
- What are the risks associated with transferring Compound?
- Users should verify the contract address and network before transferring assets, as digital asset prices can be volatile.
- How can I verify the acquisition of Compound?
- Verify the asset name, network, and any supplied contract details before transferring to ensure proper acquisition.
- Where can I find official resources for Compound?
- Official resources for Compound can be found on their website and GitHub repository.
