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Compound (COMP)

ICO

Compound is an open-source protocol for algorithmic Money Markets on the Ethereum blockchain.

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Overview

Project industryReal Assets
Product typePlatform
FoundedUnited States

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What is Compound

Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of tokens with algorithmically derived interest rates, based on the supply and demand for the token. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.

Individuals with long-term investments in Ether and tokens (“HODLers”) can use a Compound money market as a source of additional returns on their investment. For example, a user that owns OmiseGo can supply their tokens to the Compound protocol, and earn interest (denominated in OmiseGo).

Compound allows users to frictionlessly borrow from the protocol, using collateralized lines of credit, for use anywhere in the Ethereum ecosystem. Unlike peer-to-peer protocols, borrowing from Compound simply requires a user to specify a desired asset; there are no terms to negotiate, maturity dates, or funding periods; borrowing is instant and predictable.

Details

Public sales: Jun 15, 2020 - Jun 15, 2020
Token supply: 10,000,000 COMP

Legal

Blockchain Platform: Ethereum
Registration country: United States
Registration year: 2018

Token info

Ticker: COMP
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 COMP = 34 USD
Accepted currencies: ETH

Project team

Robert Leshner
Robert Leshner
CEO
Robert Leshner linkedin
Geoffrey Hayes
Geoffrey Hayes
CTO
Geoffrey Hayes linkedin
Calvin Liu
Calvin Liu
Strategy Lead
Calvin Liu linkedin

Social media

Compound web-siteCompound MediumCompound TelegramCompound LinkedInCompound TwitterCompound DiscordCompound Github

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One Response

  • OliOctober 18, 2018 at 2:01 pm

    Nowhere to buy comp token !

    Reply
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