What is the price of compound (Comp)?

The current price is $42.15 per COMP. Compound is 95.37% below the all time high of $911.20. The current circulating supply is 7,267,151.999 COMP. This content is for informational purposes only. Compound (COMP) is an Ethereum token that enables community governance of the Compound protocol.

What is compound (Comp) token?

Compound is a decentralized finance [DeFi] platform that allows its users to earn interest as well as borrow assets against collateral. The platform’s latest release, the COMP token allows its users to participate in its governance process. Recently, this governance token was released for trading.

What is Comp (comp) and how does it work?

Like most tokens, COMP uses the Ethereum blockchain. The Compound protocol works as a decentralized application that takes the maximum out of the Ethereum network. Through this protocol, users can request loans or generate interest by lending cryptocurrencies through smart contracts.

How many Comp tokens are there?

Like many digital assets, only a fixed number of COMP tokens will ever come into existence. The total supply is capped at 10 million COMP and as of writing, less than a third are in circulation (~3.3 million). Out of these 10 million tokens, just over 4.2 million tokens will be distributed to Compound users over a 4-year period.