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Nerve Finance (NRV) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $625,497. The current price of Nerve Finance is $0.0047261, which is -0.438% lower than yesterday. Prices have ranged between $0.0049166 and $0.00455304 over the past 24 hours. All prices are listed in US dollars and accurate as of January 27, 2023 12:01 UTC.
Nerve Finance is an application focused on the exchange of stablecoins. Stablecoins are any cryptocurrency that is pegged to an underlying asset.
The platform is facilitated by a Stable Swap automated market maker (algorithm). To avoid the high transaction fees associated with Ethereum, the protocol was built on top of the Binance Smart Chain (BSC) blockchain. According to Nerve Finance documentation, the application allows users to seamlessly trade a wide array of stablecoins as well as pegged synthetic assets. The platform’s signature 3Pool of dollar-pegged stablecoins was the first to be launched. This consisted of BUSD, USDT and USDC. The platform promises low slippage rates and offers little-to-no fees, making it extremely attractive to crypto investors looking to convert stablecoin assets.
The Nerve Finance Token, or NRV, is the native cryptocurrency of the protocol. It was designed to provide rewards to liquidity providers and stakers. Alongside rewarding participants, NRV also provides users with a wide array of governance-related options. Voting rights are distributed as per the number of tokens held by an individual. As the token was built on the BSC blockchain, the token conforms to the BEP20 token standard.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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