ChangeNOW Token (NOW)
Rank #474
Market snapshot
- Price
- $0.374217
- Market cap
- $31.7M
- 24h volume
- $11,714.07
- Circulating supply
- 84,803,670
- Total supply
- 199,763,509.8662
- Max supply
- 200,000,000
What is ChangeNOW Token?
ChangeNOW Token serves as a utility token within the ChangeNOW platform, which is focused on providing a secure cryptocurrency swap service. Unlike many centralized exchanges, ChangeNOW does not hold users' funds, which reduces the risk of loss due to hacks or mismanagement. The platform is integrated with multiple trading platforms, allowing users to swap cryptocurrencies seamlessly.
How ChangeNOW Token works
ChangeNOW operates by allowing users to exchange cryptocurrencies directly without the need for an intermediary. The processing speed for transactions can range from two to twenty minutes, depending on network conditions and the size of the transaction. If a transaction is large, it may take longer due to block capacity and network congestion. Users can expect their funds to be processed as soon as the network is ready, although delays may occur if there are many transactions waiting to be confirmed.
Key information
- Symbol
- NOW
- CMC rank
- #474
- Network / platforms
BNB Chain, Ethereum
- Categories
- N/A
- Date added
- Apr 29, 2019
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
BNB Chain
NOW-E68BNB Chain
0x02533c1e9abbafe5816ed8b27c0d22a8731075e0Ethereum
0xe9a95d175a5f4c9369f3b74222402eb1b837693b
Key characteristics
ChangeNOW Token is categorized under the Ethereum ecosystem, BNB Chain ecosystem, and Binance Chain. The platform is integrated with major cryptocurrency exchanges like Binance, Bitfinex, and Kucoin, allowing for a wide range of trading options. ChangeNOW also supports the purchase of cryptocurrencies with fiat currencies using credit or debit cards.
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 ChangeNOW Token?
- ChangeNOW Token (NOW) is a cryptocurrency that facilitates secure swaps between various digital assets without holding user funds.
- How does ChangeNOW Token work?
- ChangeNOW Token operates by allowing users to exchange cryptocurrencies directly, with transaction processing times varying based on network conditions.
- What are the key features of ChangeNOW Token?
- ChangeNOW Token is integrated with major exchanges and allows users to buy cryptocurrencies with fiat currencies.
- What are the risks associated with using ChangeNOW Token?
- Users should be aware of price volatility, the need for secure private key handling, and potential risks associated with centralized platforms.
- How can I verify my ChangeNOW Token acquisition?
- Verify the asset name, network, and contract details before transferring, and ensure the destination address is correct.
- Where can I find official resources for ChangeNOW Token?
- Official resources for ChangeNOW Token can be found on their website and GitHub repository.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
