About Open Custody Protocol
Qredo is rearchitecting digital asset ownership and blockchain connectivity. A radical new approach to bring liquidity and capital efficiency to the blockchain economy, Qredo has pioneered the first decentralized trustless multi-party computation (MPC) custodial network. This advancement enables Qredo to offer decentralized custody, native cross-chain swaps, and cross-platform liquidity access.
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Trading Insights
Searched
7
Market Stats
Market Cap
$1.81M
FDV
$3.60M
Circ. Supply
1B OPEN
Max Supply
2B OPEN
Total Supply
1.2B OPEN
Diluted Valuation
$1.47M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$107.75
-0.01%
Volume (7D)
$757.32
Volume (30D)
$3.26K
All time high
$9.22
Price Change (1Y)
-93.47%
Additional info about Open Custody Protocol
Recent trends
The latest OPEN price is $0.000230. Compared to Open Custody Protocol's value of $0.00 from 24 hours ago, there's been a 5% increase, while the current price is 33% up from $0.00 which was recorded one week ago. Open Custody Protocol's all time high is $9.22, which was reached on November 20, 2021. This is a -100% change from its price today.
The current circulating supply of Open Custody Protocol is 1,005,381,863. This is 50% of its max supply of 2,000,000,000 OPEN and 81% of its total supply of 1,247,574,228. The market cap is currently $1.81M, which is a result of multiplying the current price of Open Custody Protocol($0.00) by the total supply(1,247,574,228 OPEN). The fully diluted valuation of Open Custody Protocol is $3.60M. The diluted valuation of Open Custody Protocol is $3.60M.
Market details
OPEN vs markets
↘ 94.96%
OPEN vs BTC
↘ 95.63%
OPEN vs ETH
↘ 90.56%
Tags
spartan-group
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x4123a133ae3c521FD134D7b13A2dEC35b56c2463 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000230 | ↗ 4.87% |
1 Day | $0.000229 | ↗ 4.87% |
1 Week | $0.0017 | ↗ 32.70% |
1 Month | $0.000294 | ↗ 1,000.96% |
1 Year | $0.0198 | ↘ 93.47% |
FAQ
The website says that Qredo is authorizing technology to make the digital asset business of the future and carry a stake in it. Any single party cannot hold Qredo protocol and code, as the token's core is a community. Qredo network is driven by an open and distributed web of Qredo validators that use multiparty computation (MPC) protocols. These protocols manage the market activity of users, authenticate transactions, and vote on the new blocks.
As per the whitepaper, Qredo's network is created to address the hurdles established financial firms face while joining the DeFi space and delivering an open protocol that continuously revises the capability with the help of its DAO and community. Qredo seeks to offer a Layer 2/Layer 3 decentralized infrastructure with programmable management to promote asset custodian acceptance or allow easy self-custody for digital asset dealers looking for good class digital asset control.
The critical point is that Qredo is not dangerous for digital assets' centralized custodian's business standards. Qredo aims to give an option for centralized custodians to expand the business and sustain relevancy as the world adopts the decentralized infrastructure. The centralized custodians use an existing architecture to handle Qredo clients, which develop custodian consent transactions and present customized programmable governance flows to the customers.
Furthermore, Qredo developers work with a 'network is the vault' layout ethos in mind. Instead of storing ownership data in a centralized database, the token's protocol aims to support asset ownership privileges on a decentralized ledger. Therefore, the conclusion is that a decentralized ledger seeks to ensure the data is stored in a safe and secured place and cannot be modified in any case.
The governance officers can seek to get operational confidence that business assets are secure because the compliance regulations that control trade flows are written into Qredo's blockchain. The action is similar to the ownership information, thereby seeking to provide more data integrity by utilizing an immutable and durable data store.
Anthony Foy is the CEO of the token. Foy is a serial entrepreneur and digital veteran with 20+ years of experience in VC- backed development companies.
We update our Open Custody Protocol to USD currency in real-time. Get the live price of Open Custody Protocol on Coinbase.
The current market cap of Open Custody Protocol is $1.81M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Open Custody Protocol is $9.22. This all-time high is highest price paid for Open Custody Protocol since it was launched.
Over the last 24 hours, the trading volume of Open Custody Protocol is $107.75.
Assets that have a similar market cap to Open Custody Protocol include Peng, 8-Bit Coin, Waves Enterprise, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Open Custody Protocol is 1 billion.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.