Mirror ChainPrice(MIR)
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Mirror Chain (MIR) Price information (USD)
The current real-time price of MIR is $0.0{5}3590. In the past 24 hours, MIR has traded between $0.0{5}3590 and $0.0{5}3590, showing strong market activity. The all-time high of MIR is $0.0020, and the all-time low is $0.0{5}3120.
From a short-term perspective, the price change of MIR over the past 1 hour is
Mirror Chain (MIR) Market Information
Mirror Chain (MIR) Today's Price
The live price of MIR today is $0.0{5}3590, with a current market cap of $3,549.131. The 24-hour trading volume is 1.45. The price of MIR to USD is updated in real time.
Mirror Chain (MIR) Price History (USD)
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When is the right time to buy MIR? Should I buy or sell MIR now?
Before deciding whether to buy or sell MIR, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s MIR technical analysis can provide you with trading references.
Future price trend of MIR
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for MIR.
How much will MIR be worth tomorrow, next week, or next month in ? What about your MIR assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! MIR Price Prediction
How to buy MIRROR CHAIN (MIR)
Convert MIR to local currency
MIR Resources
To learn more about MIR, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | 9Vpe1Q...iBHmbx  | 744.480M | 75.31% |
solana | AWrJcu...FbESHm | 77.799M | 7.87% |
solana | HLnpSz...aiTLcC | 41.888M | 4.24% |
solana | Hz31VJ...pVLJmv | 34.199M | 3.46% |
solana | 78tr7Y...pwMZhr | 14.436M | 1.46% |
Other | 75.811M | 7.67% |
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MIRROR CHAIN (MIR) FAQ
What is Mirror Protocol, and how does it work?
Mirror Protocol is a decentralized finance (DeFi) platform enabling the creation and trading of synthetic assets, known as mAssets. These mAssets are designed to mirror the price of real-world assets like stocks. Users participate by depositing collateral to mint these mAssets, effectively creating a tokenized representation of traditional assets on the blockchain.
What is the MIR token used for?
The MIR token is the native governance token of Mirror Protocol. Its primary uses include allowing holders to stake it to vote on protocol changes, propose new governance initiatives, and earn rewards. Specifically, MIR holders can receive rewards for providing liquidity to the protocol, aligning incentives with the platform's overall stability and growth.
How are mAssets priced and collateralized within the protocol?
mAssets maintain a soft-peg to the price of their real-world counterparts. This is achieved by receiving price data through decentralized oracles, which feed real-time pricing information into the protocol. To ensure stability and security, mAssets require over-collateralization, typically at a minimum of 150%, with arbitrage mechanisms further assisting in maintaining the price peg.
Can I stake MIR, and what are the associated rewards and risks?
Yes, users can stake MIR tokens to earn passive income and actively participate in the protocol's governance. While staking offers the potential for rewards, risks are involved. These include the inherent volatility of cryptocurrency prices, the possibility of borrower default within the system, and potential vulnerabilities or bugs in the underlying smart contract code.
How decentralized is Mirror Protocol?
Mirror Protocol was designed with decentralization as a core principle from its inception. Control over the protocol, including management of the on-chain treasury and implementation of code changes, is vested in MIR token holders through governance voting. This structure ensures that no single entity, including its creators, Terraform Labs, retains centralized control over the protocol.
What are the security risks, especially concerning smart contracts, and how does Mirror Protocol address them?
Smart contract security is a significant concern in Web3 due to the immutability of blockchain transactions. For Mirror Protocol, security is enhanced through regular smart contract audits designed to identify and mitigate vulnerabilities. Furthermore, its foundation on the Terra blockchain's Proof-of-Stake consensus mechanism contributes to its overall security posture, leveraging the underlying chain's robustness.
