Buy 88mph.app (MPH)
What is 88mph?
88mph is a platform built on the Ethereum blockchain that allows users to earn a fixed yield rate on various cryptocurrencies, such as Bitcoin and Ethereum. Users are rewarded with MPH tokens linearly over the duration of their deposits. The aim is to offer a more predictable income generation method for cryptocurrency holders by mitigating the volatility often associated with crypto earnings.
How does 88mph work?
88mph functions as a non-custodial protocol acting as an intermediary between users and third-party lending platforms like Compound and Aave. It offers fixed-rate yield bonds by depositing user assets into these protocols to generate yields, which are then represented by non-fungible tokens (NFTs). These fixed yields are determined based on the 30-day exponential moving average of the variable yield rate of the underlying protocol. The platform uses smart contracts to manage deposits and yield generation, leveraging features such as Automated Market Makers (AMMs) for trading and transparent governance through MPH token holders.
What are the potential use cases for 88mph?
88mph serves several use cases including providing fixed-rate yield generation on cryptocurrencies and facilitating speculation on future yields. It also creates opportunities for arbitrage and supports various decentralised finance (DeFi) applications, including stablecoin investments. Real-world applications include acting as an intermediary with lending protocols and offering fixed-yield bonds denominated in stablecoins. The platform also incorporates transparent governance and risk mitigation strategies.
What is the history of 88mph?
Founded in 2020, 88mph was designed to address the volatility and unpredictability in cryptocurrency interest rates. Significant milestones include its launch in 2020 and integrations with major lending protocols like Compound and Aave. The development of its AMM model for stablecoin trading and the transparent governance system are key achievements. While specific details about the founding team are not readily available, 88mph has established its market presence by being listed on several cryptocurrency platforms.
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Frequently Asked Questions (FAQs)
What is the current price of 88mph.app (MPH)?
The 88mph.app price is $0.93070657 AUD, representing a -5.28% from the day prior.
Where is the best place to buy 88mph.app (MPH) in Australia?
The best place to buy 88mph.app (MPH) 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 88mph.app (MPH) 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 88mph.app (MPH)?
The trading volume of 88mph.app (MPH) is $2.2K AUD in the last 24hrs, representing a -5.28% from the day prior.
How can I buy 88mph.app (MPH)?
88mph.app (MPH) 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 88mph.app (MPH)?
The current market cap of 88mph.app (MPH) is $1.1M AUD.
Can I convert 88mph.app (MPH) to cash?
Yes - With Coinstash you can convert your 88mph.app (MPH) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many 88mph.app (MPH) are there?
The current circulating supply of 88mph.app (MPH) is 1.2M.
Is Coinstash a safe place to buy 88mph.app (MPH) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling 88mph.app (MPH) 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.