Convergence Finance is an AMM (Automated Market Maker) that democratizes private assets in the DeFi sector. It combines these private assets with other DeFi protocols through a single easy-to-use interface. Asset owners can benefit from DeFi's liquidity, and DeFi users can access unique real-world assets previously unavailable to them. Convergence Finance combines the advantage of a lower investment entry barrier with the liquidity, automation, and transparency elements of DeFi to give all DeFi users real-world asset exposure - democratize investment by making private markets public.
Convergence Team is always on the lookout for exclusive chances for its consumers and new quality solutions following the changing regulatory landscape in the Blockchain industry, such as NFT and GameFi. Convergence Protocol encourages community building, so a new membership program can be established to provide dedicated users with additional benefits and prizes if they regularly engage (in addition to existing incentive programs).
Convergence Protocol aims to answer users' problems by establishing a robust DeFi ecosystem that enables secure and compliant access to quality projects and IDO. According to its whitepaper, users can gain access by utilizing infrastructure built on the company's native CONV tokens. It also provides cross-chain compatibility to maximize liquidity across different chains, allowing users to interface with projects and transact in ways beyond the ERC-20 token standard.
Convergence Finance's product portfolio is made up of four essential parts:
$CONV is a multi-functional coin that seeks to be used as a decentralized means of exchange between members on the Convergence Protocol. The purpose of establishing $CONV is to provide a simple and secure method of payment and settlement for participants in the Convergence Protocol ecosystem. Additionally, $CONV is an essential component of the Convergence Protocol as $CONV provides economic incentives that can be distributed to encourage users to contribute and participate in the Convergence Protocol ecosystem. These incentives result in a mutually beneficial system where each player is appropriately compensated for their work. The total supply of the CONV token is 10,000,000,000 CONV.