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Currently trading at $ 0.002625 , which has not changed over the last 24 hours . Market capitalization is not available .
| Date | Price | % Change |
|---|---|---|
| Now | $ 0.002625 | - |
| 1 Hour | $ 0.002625 | 0% |
| 1 day | $ 0.002625 | 0% |
| 7 days | $ 0.002625 | 0% |
| 30 days | $ 0.002625 | 0% |
| 60 days | $ 0.002625 | 0% |
| 90 days | $ 0.002485 | -5.33% |
| Rank | #8678 |
| Price | $0.00 |
| Market Cap | - |
| Trading Volume (24h) | - |
Envelop (NIFTSY) is ranked #8678 based on its market cap of $0.00. NIFTSY is trading at $0.00 where the total trading volume in the last 24h was $0.00.
Envelop is a decentralized finance (DeFi) platform that enables users to create, manage, and trade synthetic assets on the Ethereum blockchain. Envelop uses a native utility token called ENV to facilitate transactions and incentivize users to participate in the network.
ENV is an ERC-20 token that can be used to pay for transaction fees, staking rewards, and trading fees on the Envelop platform. ENV holders can also participate in governance by voting on proposals and decisions related to the platform's development and direction.
Envelop's synthetic assets are created using a collateralization mechanism, where users lock up a certain amount of ETH or ENV as collateral to mint a synthetic asset that tracks the price of an underlying asset, such as Bitcoin, gold, or a stock index. These synthetic assets can be traded on Envelop's decentralized exchange (DEX) or used as collateral to borrow other assets on the platform.
Envelop's platform aims to provide a more efficient and accessible way for users to trade synthetic assets without the need for intermediaries or traditional financial institutions. With ENV as the native token of the platform, users can benefit from reduced fees, increased liquidity, and governance rights within the Envelop ecosystem.
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