What is the current price of Mirror Protocol (MIR)?

The current price of Mirror Protocol (MIR) is 0.02365819819265875 AUD, representing a -5.49 from the day prior.

Can I buy Mirror Protocol (MIR) on Coinstash?

Yes - you can easily buy and sell Mirror Protocol (MIR) on Coinstash. Simply login or sign up, to start buying Mirror Protocol (MIR) in minutes.

Where is the best place to buy Mirror Protocol (MIR) in Australia?

The best place to buy Mirror Protocol (MIR) 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 Mirror Protocol (MIR) 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 Mirror Protocol (MIR)?

The trading volume of Mirror Protocol (MIR) is 118.4K AUD in the last 24hrs, representing a -5.49 from the day prior.

How can I buy Mirror Protocol (MIR)?

Mirror Protocol (MIR) 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 Mirror Protocol (MIR)?

The current market cap of Mirror Protocol (MIR) is 3.7M AUD.

Can I convert Mirror Protocol (MIR) to cash?

Yes - With Coinstash you can convert your Mirror Protocol (MIR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Mirror Protocol (MIR) are there?

The current circulating supply of Mirror Protocol (MIR) is 156.1M.

Is Coinstash a safe place to buy Mirror Protocol (MIR) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Mirror Protocol (MIR) 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 here.

Buy Mirror Protocol (MIR)

What is Mirror Protocol?

Mirror Protocol is a decentralised blockchain-based protocol that allows users to create and trade synthetic assets known as Mirrored Assets (mAssets). These mAssets mirror the price of real-world financial assets such as stocks and commodities, providing exposure to the price movements of these assets without the need to own them directly.

How does Mirror Protocol work?

Mirror Protocol operates on the Terra blockchain using a Delegated Proof of Stake (DPoS) consensus mechanism. It utilises smart contracts to facilitate the creation, trading, and governance of synthetic assets. Mirror Protocol uses decentralised oracles to update price data, ensuring mAssets maintain their peg to real-world assets. The protocol includes various smart contracts like mirror_collector, mirror_factory, mirror_oracle, and more, to manage operations and ensure seamless interactions.

What are the potential use cases for Mirror Protocol?

The primary use cases for Mirror Protocol include:

Trading synthetic assets: Enables 24/7 trading of synthetic assets without owning the underlying real-world assets.
Lowering entry barriers: Provides global traders access to markets like US equities.
Liquidity provision: Users can provide liquidity and earn rewards.
Tokenised stock trading: Allows tokenisation of shares in major companies such as Amazon, Google, etc., enabling broader market participation.

What is the history of Mirror Protocol?

Mirror Protocol was launched by Terraform Labs in December 2020. It was founded by Do Kwon and Daniel Shin, who created Terra to enhance the adoption of blockchain technology. Key milestones include partnerships with UniLend, and the release of Mirror Protocol v2 in June 2021, which introduced new features and integrations to improve its functionality. The protocol faced challenges after the LUNA crash but has shown resilience with recovery signs in 2022.