| General information | |
|---|---|
| Global rank: | 2253 |
| Name: |
Float Protocol (Bank) |
| Symbol: | BANK |
| Current coin price (ERN): | 8.75 ERN |
| Last hour: | arrow_upward0.620 % |
| Last 24 hours: | arrow_downward-0.060 % |
| Last 7 days: | -1.90 %trending_down |
| Capitalisation (ERN): | 2 604 510.00 ERN |
| Volume 24h (ERN): | 120.00 ERN |
| Available supply: | 297 739.00 BANK |
| Total coin supply: | -1 BANK |
| Start date: | 2021-02-05 |
Float Protocol (Bank)/Eritrean Nakfa (BANK/ERN) price chart
Float Protocol (Bank)/Eritrean Nakfa (BANK/ERN) capitalisation and volume charts
Float Protocol and the FLOAT stablecoin - a floating, low-volatility cryptocurrency designed to be true crypto money. Routine "Dutch auctions" maintain FLOAT's short-term market value and reduce volatility, while a basket of cryptocurrencies held by the Protocol support FLOAT's value over the long-term, allowing the currency to gradually change value over time.
This enables users to maintain their purchasing power independent of the fiat market, while transacting freely without concerns of short-term speculation and market volatility, thus providing a crypto-native unit of account.