Item: COMP
Rating: 3.00

Related information

Issue Time

2020-06-16

Platform pertained to

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0.00

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$0.00USD

Volume of Transaction

24h

$0.00USD

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0.00COMP

Volume of Transaction

$0.00USD

Change

24h

-0.71%

Number of Markets

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WikiBit Risk Alerts

Previous Detection 2024-09-19

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

COMP Price Chart

Introduction

Markets

+0.16%

-0.71%

+1.26%

+1.14%

+6.62%

All

-76.72%

Compound (COMP) is a decentralized finance (DeFi) protocol that operates on the Ethereum blockchain, allowing users to lend and borrow cryptocurrencies. It functions similarly to a bank, but with the added benefits of blockchain technology, such as higher interest rates and no intermediaries. Users can deposit their tokens to earn interest or borrow against their deposits, which are overcollateralized for safety. The platform uses an algorithm to set lending and borrowing rates based on supply and demand for each asset.

The Compound protocol has gained significant traction in the DeFi space, with a substantial amount of value locked in its markets. It has also introduced its governance token, COMP, which allows holders to participate in the governance of the protocol. This token distribution mechanism has further incentivized users to engage with the platform, contributing to its growth and adoption.

For investors interested in Compound, it's essential to understand the project's fundamentals, the technology behind it, and the risks associated with DeFi investments. Compound's innovative approach to lending and borrowing in the cryptocurrency space makes it a notable player in the DeFi ecosystem.

User Reviews

12 ratings

Participate in evaluation

Vithusan Vijeyaratnam

The tokenomics of COMP lacks sustainability and fails to address long-term value creation. The inflationary model poses risks to investors and undermines economic stability, hindering the token's potential for growth.

2024-04-22 14:13

Johny Wang

The competition differentiation factors of this cryptocurrency project are lacking innovation and fail to stand out from similar projects in the market.

2024-03-21 16:31

Kennethng

The team's reputation lacks credibility and transparency, leaving much to be desired. It's disappointing and concerning.

2024-03-01 08:12

Sam Siswoyo

The team behind this project shows moderate experience and a decent reputation, but lacks transparency. While there is room for improvement, there is potential for growth and development in the future. Exciting times ahead.

2024-05-26 13:15

Kenny Cheong

The technology behind COMP offers a secure and scalable consensus mechanism, providing potential solutions to real-world problems. However, it faces competition in the market and needs to address issues related to security and regulatory concerns. Overall, the project shows promise but requires further development and community support.

2024-05-24 13:00

Prananda

The utility of COMP is impressive, offering innovative solutions to real-world problems with great potential. Exciting prospects ahead!

2024-07-25 12:46

Pontana Na Lampang

The real-world use cases of COMP are groundbreaking, addressing pressing issues and meeting market demands. The team's expertise, transparency, and track record are impressive. COMP's tokenomics, security, and community engagement are all strong, setting it apart from competitors. Its potential for long-term growth and rewards make it a promising investment.

2024-07-16 09:11

Chong Shih Siang Delvin

The adoption of COMP by merchants is promising, with potential for practical use and market demand. Team experience and transparency are strong, while token economics and security show steady progress. Community engagement is high, but regulatory challenges remain. Overall, COMP shows potential for long-term growth.

2024-05-20 07:34

fer

Highly impressive technology, strong team with transparent records, active community engagement, and potential for real-world applications. Exciting volatility and rewards, but cautious about regulatory impact.

2024-05-21 16:59

s.wei_elys

Innovative blockchain technology, scalable and secure with strong consensus mechanisms. Real-world applications and market demand drive adoption. Experienced team with transparent track record. Growing user and developer base. Sustainable token economics with fair distribution. Solid security measures and trusted by the community. Adapting to regulatory environment for future success. Unique features set it apart from competitors. Active and supportive community with high engagement. Historically volatile but shows long-term potential. Valuable market cap and liquidity, fundamentals over speculation.

2024-04-18 16:42

KL JF

This project stands out in a crowded field for its innovative approach and strong community support. With a solid track record, it's a top contender in the space.

2024-04-01 16:39

Carl Tane

Great potential with strong security and active community. Team's transparency and solid track record add to the project's credibility. Competitive edge in addressing real-world problems and market demand. Exciting future prospects and strong tokenomics make COMP a promising investment option.

2024-03-25 09:20

News

TokenCOMP Down 6.7% after Supposed 'Governance Attack' on Compound DAO

A group called the 'Golden Boys' has pushed through a proposal, after three prior attempts, to direc

2024-07-29 13:05

COMP Down 6.7% after Supposed 'Governance Attack' on Compound DAO

ExchangeRobinhood adds trading support for SHIB, AVAX, and COMP for New York users

Robinhood has added support for three new tokens for traders in New York.An update the stocks and cr

2024-04-25 01:02

Robinhood adds trading support for SHIB, AVAX, and COMP for New York users

Exchange$21 Million In Compound (COMP) Transferred to Coinbase: Price Impact

Polychain Capital, a heavyweight in the venture capital sphere, transferred a staggering 229,468 Com

2024-03-14 23:00

$21 Million In Compound (COMP) Transferred to Coinbase: Price Impact

Defi Finance Redefined: Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24

Both good and bad news filled the DeFi sector this week. Finance Redefined documents the biggest stories of the past seven days.

2021-12-24 16:00

Finance Redefined: Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24

NewsBybit re-opens ‘Deposit Blast-Off,’ earn up to $3,000 in reward

The event runs from now until Jan. 3, 2022, with huge prizes for users.

2021-12-13 16:08

Bybit re-opens ‘Deposit Blast-Off,’ earn up to $3,000 in reward

NewsBybit announces ‘Deposit Blast-Off,’ $3,000 in rewards for those depositing DOGE, BTC, AXS, and more

The event runs from Oct. 18, 2021, to Nov. 18, 2021, with huge prizes for users.

2021-10-31 13:42

Bybit announces ‘Deposit Blast-Off,’ $3,000 in rewards for those depositing DOGE, BTC, AXS, and more

NewsBitcoin, Ethereum and Altcoins Trim Gains

Bitcoin price extended its downside correction below USD 48,000. Ethereum traded below USD 3,200, XRP declined below the key 1.20 support. AVAX and QNT are up over 8%.

2021-08-25 13:01

Bitcoin, Ethereum and Altcoins Trim Gains