Equity Overview
Price & Market Data
Price: $0.0628
Daily Change: +$0.00463 / 7.37%
Daily Range: $0.0571 - $0.064
Market Cap: $20,744
Daily Volume: 95,945
Details
Float Protocol and the FLOAT stablecoin - a floating, low-volatility cryptocurrency designed to be true crypto money. Routine "Dutch auctions" maintain FLOAT's short-term market value and reduce volatility, while a basket of cryptocurrencies held by the Protocol support FLOAT's value over the long-term, allowing the currency to gradually change value over time. This enables users to maintain their purchasing power independent of the fiat market, while transacting freely without concerns of short-term speculation and market volatility, thus providing a crypto-native unit of account.