Cryptocurrency Q&A
How old is Compound coin?
How old is Compound coin?
JejuSunshineSoulMateWarmth
Fri Jun 28 2024
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5 answers
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Inquiring minds may be wondering, "How old is Compound coin, truly?" The digital asset has captivated the attention of many in the cryptocurrency and decentralized finance space. Its inception, though, is a question that begs for an answer. Compound coin, a product of the Compound protocol, aims to offer decentralized borrowing and lending of assets on the Ethereum blockchain. So, how long has this innovative coin been around? Its genesis, its birth if you will, is a fascinating tale that deserves to be told. Let's delve into the history of Compound coin and uncover its age, shall we?
5 answers
CryptoWizard
Sun Jun 30 2024
In June 2020, shortly after the COMP token's deployment, the Compound community transitioned to a decentralized governance model. This transition empowered token holders to participate in decision-making and shape the future of the protocol.
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RobertJohnson
Sun Jun 30 2024
Fast forward to August 2022, the Compound community had evolved significantly. Following a successful COMP Governance proposal, Compound III was launched on the mainnet, representing a major milestone for the protocol.
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isabella_bailey_economist
Sun Jun 30 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its users. Among its offerings are spot trading, futures trading, and a secure digital wallet. These services cater to the needs of both retail and institutional investors in the cryptocurrency space.
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Sara
Sun Jun 30 2024
The ERC-20 COMP token marked its inception on the Ethereum blockchain in March 2020, heralding a new era for the Compound project.
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Silvia
Sun Jun 30 2024
The launch of the COMP token was significant as it represented a shift in the governance structure of the Compound protocol. Prior to this, the project had been operated under a centralized model.
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