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Swerve coin is the native token of the Swerve Finance protocol, a fork of Curve Finance. According to announcements, Swerve aims to be fairer in governance than Curve, and therefore the team behind the platform remains undisclosed.
In this article, we will cover the topics of “SWRV, where to buy SWRV coin, Swerve Finance coin, SWRV Token”.
What is Swerve Finance?
Swerve Finance is a fork of Curve Finance. In other words, Swerve was launched as a fork of a <a href="https://en.coin-turk.com/aave-coin-security-vulnerability-and-its-impact-on-the-market/”>DeFi project. According to Swerve Finance, the platform aims to solve governance issues found in Curve Finance. Therefore, Swerve Finance has launched a 100% community-owned fork of the popular stablecoin swapping platform, Curve Finance.
According to the platform, Swerve Finance does not have issues like fake distribution suspicion, pre-mining suspicion, a founder controlling the majority of governance votes, dubious team proposal, 30% allocation to shareholders, team allocation, and a long distribution period spanning decades. Hence, the platform claims to offer solutions to many problems.
In addition, SWRV token holders who provide liquidity to Swerve receive ySWRV tokens, which can be staked in the Swerve DAO to earn SWRV. To kickstart the protocol and encourage users to try Swerve, a larger than usual SWRV distribution was made in the first two weeks.
Furthermore, Swerve states they have created a more mature platform for open-source DeFi and have solved all major issues.
What is SWRV Coin?
SWRV coin, the native cryptocurrency of the Swerve Finance platform, is a token operating on the Ethereum Blockchain. According to CoinMarketCap, the SWRV token is ranked 479th with a small market cap of 9,950,654 USD and was trading at 1.22 dollars at the time of writing this article.
In addition, there are currently 8,131,921 Swerve Finance coins in circulation, and this number is expected to reach a total of 8,760,870 SWRV. It is also worth mentioning that Swerve Finance coin reached its highest level at 13.96 dollars on September 5, 2020, and its lowest at 1.22 dollars on September 22, 2020.
Swerve Coin Commentary
In fact, the Swerve token made a name for itself when the locked value in the project exceeded 400 million dollars in 3 days. The platform gained good momentum in a very short time and made its name known. However, SWRV quickly declined, seemingly failing to meet investor expectations.
Moreover, although SWRV once again surged following its Binance listing, it continued to decline afterwards. Thus, despite its promise to solve problems, investors seem to be approaching Swerve Finance coin with caution.
How to Buy SWRV Coin?
You can buy SWRV token quickly and securely with Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
