Buy CANTO
What is CANTO?
CANTO is an EVM-compatible layer-1 blockchain that focuses on making Decentralized Finance (DeFi) accessible and free to use. As a part of the Cosmos ecosystem, it aims to provide decentralised public infrastructure for financial services.
How does CANTO work?
CANTO operates as a permissionless general-purpose blockchain running the Ethereum Virtual Machine (EVM), utilising a Proof of Stake (PoS) consensus mechanism. It is built using the Cosmos SDK and Ethermint for EVM compatibility. Notably, it implements the CYCLONE Stack, a Parallel Execution EVM, which enhances speed and scalability. This enables support for smart contracts and includes features like a zero-fee Decentralized Exchange (DEX) and the Canto Lending Market (CLM), a pooled lending platform based on Compound v2.
What are the potential use cases for CANTO?
The potential use cases for CANTO include:
- DeFi Applications: Offering decentralised financial services with enhanced accessibility.
- Liquidity Provision: Zero-fee incentives for liquidity providers.
- Staking: Users can participate in staking for validator rewards and governance roles.
- Payment for Gas Fees: Utilisation of CANTO tokens in transactions on the blockchain.
- Real-World Applications: Such as the Canto DEX and Canto Lending Market, which provide financial services without traditional fees.
Additionally, CANTO's interoperability allows engagement with various sectors like cryptocurrency trading, lending, and stablecoin management.
What is the history of CANTO?
CANTO was founded by a decentralised group of DeFi enthusiasts, including Scott Lewis, who also founded DeFi Pulse. It officially launched in August 2022, gaining attention for its mission to make DeFi free to use. The project has achieved significant milestones with the implementation of its Free Public Infrastructure, including a zero-fee DEX and a pooled lending market. It has also developed the NOTE token, an over-collateralised stablecoin-like currency. CANTO's technological evolution includes integration with the Cosmos ecosystem and ongoing efforts to enhance interoperability with other blockchains.
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Frequently Asked Questions (FAQs)
What is the current price of CANTO (CANTO)?
The CANTO price is $0.03429508 AUD, representing a -1.8% from the day prior.
Where is the best place to buy CANTO (CANTO) in Australia?
The best place to buy CANTO (CANTO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell CANTO (CANTO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of CANTO (CANTO)?
The trading volume of CANTO (CANTO) is $356.3K AUD in the last 24hrs, representing a -1.8% from the day prior.
How can I buy CANTO (CANTO)?
CANTO (CANTO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of CANTO (CANTO)?
The current market cap of CANTO (CANTO) is $20.3M AUD.
Can I convert CANTO (CANTO) to cash?
Yes - With Coinstash you can convert your CANTO (CANTO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many CANTO (CANTO) are there?
The current circulating supply of CANTO (CANTO) is 608.5M.
Is Coinstash a safe place to buy CANTO (CANTO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling CANTO (CANTO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.