Everything about COMP (Compound) cryptocurrency :
Compound
Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset.
1. Project introduction
Compound is a decentralized application (DApp) that works on top of the Ethereum network. The platform works by letting users contribute or deposit crypto funds into a liquidity pool in order to earn interest on their assets. Users can currently use 14 different cryptocurrencies and the top three markets in Compound are USD Coin, Dai and Ether.
Compound allows users to seamlessly lend, borrow, and earn interest in cryptocurrency. If users lock in their crypto funds with the platform, users can pocket increasingly lucrative returns with compounding interest. Compound automates the process of matching lenders and borrowers by combining crypto funds into pools of liquidity. This automated process is possible thanks to smart contracts that are built into Compound’s native cTokens.
2. Team introduction
Founder: Robert Leshner
Linkedin: https://www.linkedin.com/in/rleshner/
CTO & Founder: Geoffrey Hayes
Linkedin: https://www.linkedin.com/in/geoffrey-hayes-a0b0952a/
3. Investment institution
A195 Capital, Hack VC, Infinite Decentralization Capital, New Form Capital, Rockaway Blockchain Fund
4. Application and distribution
Total supply: 10,000,000
Token application:
COMP acts as the native crypto and governance token for the Compound platform
Token distribution:
Shareholders of Compound Labs, Inc., which created the protocol: 2,396,307 COMP
Founders & team, and subject to 4-year vesting: 2,226,037 COMP
Future team members: 372,707 COMP
Reserved for users of the protocol: 4,229,949 COMP
Community: 775,000 COMP
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