Description
Espento Is A Synthetic Stablecoin System And Algorithmic Money Market Created Solely On Binance Smart Chain (BSC).
The Protocol Brings To The Decentralised Finance (DeFi) Ecosystem A Simple Crypto Asset Swap, Bridge, Stake And Lending-Borrowing Solution. Allowing Users To Borrow Directly Against Collateral At Rapid Speeds While Incurring Less Transaction Costs. In Addition, Espento Allows Users To Bridge Cross-Chain Assets To EUSD Stablecoins On-Demand Within Seconds By Posting Needed Assets To The Espento Bridge Smart Contract.
EUSD Tokens Are BEP-20 Token Assets That Are Pegged To The Value Of A Single US Dollar (USD), Whereas SPENT Tokens Are Likewise BEP-20-Based, But Are Used For Espento Protocol Governance And May Be Used To Vote On Updates. Includes New Collateral Types, Parameter Changes, And Product Improvement Organisation.
The Governance Of The Protocol Is Entirely Controlled By Espento DAO Community Members, Since The Espento Founders, Team Members And Other Advisors Do Have Any SPENT Token Allocations.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Espento has established itself as a formidable player. It is currently ranked #6,348 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Espento as a viable digital asset.
Tokenomics
The tokenomics of Espento consist of a total supply of 51,000,000 tokens, out of which 50,407,837 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your Espento tokens, you can use a variety of wallets such as Trust Wallet, MetaMask, SafePal, Coin98. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade Espento, you can use various popular exchanges such as ArkenSwap, Trader Joe. These platforms offer a seamless experience and allow you to manage your investments in Espento with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
