About MIR
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Frequently Asked Questions
What are Mirrored Assets?
Read MoreMIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain.
Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project.
Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset.
Mirrored assets provide the following advantages:
- Global Accessibility: In most markets outside of Europe & North America, access to foreign equities and forex markets is highly limited. Crypto allows global accessibility without entry barriers.
- Fractional Orders: In traditional finance, to execute a fractional order, multiple fractional orders are bundled together to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time. By utilizing the blockchain, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.
- Nearly-Instantaneous Order Execution: Oftentimes due to the lack of liquidity (price-time-priority order book algorithm), orders can take up to a day to fully execute. Given the fact that Mirror relies on liquidity provided by each individual asset pool, orders can be executed as fast as the blocktime of the network (~ 6 seconds).
What is the all-time high price of Mirror Protocol (MIR)?
Read MoreThe all-time high of MIR was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Mirror Protocol (MIR) is 0. The current price of MIR is down 0% from its all-time high.
How much Mirror Protocol (MIR) is there in circulation?
Read MoreAs of
, there is currently 77.74M MIR in circulation. MIR has a maximum supply of 0. What is the market cap of Mirror Protocol (MIR)?
Read MoreThe current market cap of MIR is 1.21M. It is calculated by multiplying the current supply of MIR by its real-time market price of 0.015603728452.
What is the all-time low price of Mirror Protocol (MIR)?
Read MoreThe all-time low of MIR was 0
, from which the coin is now up 0%. The all-time low price of Mirror Protocol (MIR) is 0. The current price of MIR is up 0% from its all-time low. Is Mirror Protocol (MIR) a good investment?
Read MoreMirror Protocol (MIR) has a market capitalization of $1.21M and is ranked #1791 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Mirror Protocol (MIR) price trends and patterns to find the best time to purchase MIR.