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Price
$0.0025
10/2/2022, 8:06:52 PM
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Market

Market stats

Market cap

-

Volume (24h)

$28.34

Circulating supply

-

All time high

$0.23

Price change (1h)

0%

Price change (24h)

+0.46%

Price change (7d)

-12.39%

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Entropyfi is on the decline this week.

The price of Entropyfi has fallen by 12.39% in the past 7 days. The price increased by 0.46% in the last 24 hours. In just the past hour, the price grew by 0.00%. The current price is $0.0025 per ERP. Entropyfi is 98.91% below the all time high of $0.23.

The current circulating supply is 0 ERP.

About

What IsEntropyfi? (ERP)

Entropyfi is a lossless predictions market. The platform aims to give lossless asset prediction markets, rekt-free leverage products, and cope-free hedge products on the Polygon network. Lossless means the removal of financial disincentive that penalizes users. Instead, the platform aims to provide yield to winners. In simple terms, the platform aims to provide passive rewards with prediction games.

The network runs a prediction market game wherein participants can place their predictions, and if they win, they are rewarded. The amount of reward received is proportionate to the principal amount lent. However, if a participant loses, they will not lose their principal amount. Further, the platform automatically enrolls participants in the next round game, where their gain in the current round is used as principal in the round after it. The participants can join and leave the game anytime, even during the locked period.

The cope-free mechanism of the platform involves a user predicting the token’s negative price action on the platform. If it does go down, the user receives additional rebase rewards from other participants whose predictions went the other way. Thus, the added rebase rewards help offset the impact of price depreciation. Similar to the cope-free format, rekt-free leverage works during price appreciation, wherein the user predicts the token price to be higher. Thus, the users benefit from both the price appreciation and boosted rebase reward.

Additionally, the forum aims to offer two products, including Soft Hedge and Soft Leverage, created especially for token holders to manage their rewards and risks. A soft hedge is used to temporarily risk-off while maintaining the user’s holdings to capture the upside. Meanwhile, soft leverage is used to boost rebase rewards in addition to price appreciation.

ERP is the ecosystem’s native digital token. The token is utilized for liquidity mining rewards, contribution rewards, and airdrops. The token finds its primary utility in transactions like providing liquidity, and more. According to its tokenomics, 40% of the tokens are reserved for the community.

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FAQ

What is the current price of Entropyfi?

The price of 1 Entropyfi currently costs $0.0025.

What is the market cap of Entropyfi?

The current market cap of Entropyfi is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Entropyfi?

The all-time high of Entropyfi is $0.23. This all-time high is highest price paid for Entropyfi since it was launched.

What is the 24 hour trading volume of Entropyfi?

Over the last 24 hours, the trading volume of Entropyfi is $28.34.

What other assets are similar to Entropyfi?

Assets that have a similar market cap to Entropyfi include Favor, Blocto Token, Baskonia Fan Token, and many others. To see a full list, see our comparable market cap assets.

How many Entropyfi are there?

The current circulating supply of Entropyfi is 0.

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