MIRROR PROTOCOL | MIRROR PROTOCOL PRICE PREDICTION | MIRROR PROTOCOL PRICE PREDICTION 2022
1If you’re interested in learning about the price of Mirror Protocol, look no further! In this video, we have summarized our detailed Mirror Protocol price predictions, from Mirror Protocol price today to minimum price, average price, maximum price, average trading price, market capital, current price, and beyond.
We also answer the ultimate question- is Mirror Protocol a good investment for the future? Let’s find out!
Mirror Protocol is a community-driven, decentralized blockchain protocol built by Terraform Labs. The project was created with the aim to provide newer ways to access finance and trading options and tackle the growing inequality issue in the cryptocurrency market. The Protocol enables the creation of synthetic assets that can track the price of actual crypto coins.
The Protocol empowers traders to trade equities anywhere, anytime, 24seven. It can do this by minting synthetic assets, also called Mirror Assets or mAssets. These assets are powered by smart contracts and run on the Terra Network. The assets are designed to mirror the price behavior of the underlying real world assets they represent, allowing traders to get limitless price exposure.
The mAssets bring a plethora of advantages to the Mirror Protocol network. They eliminate the need for intermediary procedures and provide global accessibility to anyone who wishes to trade. Even if traders don’t own the underlying asset, Mirror helps them participate in price speculation or direct investment without any restrictions.
The native token of the Mirror Protocol platform is called MIR. It is the governance token and is also used to reward liquidity providers and for staking. The token was designed to be fairly distributed, meaning there have never been any investor or pre-sale MIR coins.
MIR tokens are rewarded to investors who help maintain the stability of Terra and are derived from trading fees and the money paid for creating polls or closing positions on mAssets. There is a maximum supply of 370,575,000 MIR tokens released over 4 years.
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