Buy Enreach (NRCH)
What is Enreach?
EnreachDAO is a community-governed decentralised finance (DeFi) platform. It seeks to tokenise traditional financial assets or the utility of real-world projects across any blockchain, providing tools for holders or market makers to hedge risk. EnreachDAO aims to play a significant role in the adoption and development of DeFi by providing a toolkit to realise better financial outcomes and unleash DeFi capabilities globally.
How does Enreach work?
Enreach operates on Ethereum Virtual Machine (EVM) compatible blockchain networks and leverages technologies like fungible and non-fungible tokens to integrate real-world assets onto the blockchain. It employs a unique consensus mechanism called Proof of Underwriting (PoU) to assess and manage the risks and rewards of investments or activities. EnreachDAO uses smart contracts, such as the Yaggr protocol, to enable deposits and automated yield generation. This protocol enhances risk management through financial instruments like derivatives. The platform's functionalities are documented in detail in the EnreachDAO whitepaper, providing insights into its technical framework.
What are the potential use cases for Enreach?
EnreachDAO's use cases are diverse across several sectors:
- Finance and Banking: It tokenises trade receivables using stablecoins, aiming to improve market efficiencies and transparency.
- Telecommunications: By tokenising telecom company receivables, Enreach provides new financial avenues within the sector.
- DeFi Yield Aggregation: The Yaggr protocol facilitates yield aggregation and risk management in DeFi, enabling users to act as venture capitalists and market makers.
- Real-World Asset Tokenisation: Enreach offers an index for tokenising assets like stocks and commodities, bridging the gap between crypto and traditional finance.
- ERC-4626 Standards: By adopting this standard, EnreachDAO ensures compatibility with other projects, reducing smart contract risk and streamlining development.
What is the history of Enreach?
The history of EnreachDAO, while distinct from similar-sounding organisations, revolves around its focus on decentralised finance and community-driven governance. While specific details about its founding team are limited, EnreachDAO is noted for its focus on DeFi 2.0 tools and its aspiration to accelerate growth in the DeFi landscape, analogous to the impactful growth strategies seen in enterprises like Y Combinator. Significant milestones include its presence on major cryptocurrency exchanges and its adoption of Proof of Stake for governance. The DAO has built its technological base on blockchain innovations, promoting decentralised community participation and governance.
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Frequently Asked Questions (FAQs)
What is the current price of Enreach (NRCH)?
The Enreach price is $0.766427 AUD, representing a +0.1% from the day prior.
Where is the best place to buy Enreach (NRCH) in Australia?
The best place to buy Enreach (NRCH) 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 Enreach (NRCH) 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 Enreach (NRCH)?
The trading volume of Enreach (NRCH) is $31 AUD in the last 24hrs, representing a +0.1% from the day prior.
How can I buy Enreach (NRCH)?
Enreach (NRCH) 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 Enreach (NRCH)?
The current market cap of Enreach (NRCH) is $0 AUD.
Can I convert Enreach (NRCH) to cash?
Yes - With Coinstash you can convert your Enreach (NRCH) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Enreach (NRCH) are there?
The current circulating supply of Enreach (NRCH) is 0.
Is Coinstash a safe place to buy Enreach (NRCH) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Enreach (NRCH) 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.