Circulate Finance (CIR)
Circulate is a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over-collateralized (perpetually) or under-collateralized (one-block liquidity) fashion.
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What is Circulate Finance
Circulate is an inclusive DeFi protocol built on top of the TRON blockchain, where individuals and businesses can access appropriate, affordable, and timely financial products and services. The Circulate protocol makes lending and borrowing funds easier with blockchain technology. Lending is a basic business unit in DeFi and it has the potential to link with other businesses involved with crypto assets such as ABS, bonds, funds, and trading. The mission statement of Circulate is to build a larger and more inclusive DeFi eco-system than AAVE and Compound, which is governed by the mean of DAO.
The protocol will initially launch on the TRON blockchain due to its faster transaction speed and lower fees. TRON allows wider accessibility for user participation with its lower cost structure resulting in a superior user experience. A good co-operative working relationship with the TRON official team has already been established. Looking further out plans are in place to also launch on Ethereum.
DetailsPublic sales: Nov 10, 2020 - Nov 15, 2020
Token supply: 10,000,000 CIR
Total tokens for sale: 500,000 CIR
Hard cap: 746,268,655 USD
LegalBlockchain Platform: TRON
Registration country: China
Registration year: 2020
Token infoTicker: CIR
Token standard: TRC-20
Token price in USD: 1 CIR = 1.49253731 USD