How to buy and sell COMP coins in bitcoiva?

compound news

To buy and sell and trade any cryptocurrency the first and foremost step is to create an account with us in bitcoiva here: https://bitcoiva.com/register

Once you have registered to Bitcoiva you can log in to it and can trade whenever and wherever you want here: https://bitcoiva.com/login

To buy and sell (COMP coin) in Bitcoiva:

To trade INR: https://bitcoiva.com/trade/COMP_INR

To trade USDT: https://bitcoiva.com/trade/COMP_USDT

An overview on COMP:

The compound is a piece of Ethereum software that tries to motivate a distributed network of computers to run a conventional money market.

Compound, one of a growing number of decentralized finance (DeFi) protocols, combines several crypto assets to offer this service, allowing lending and borrowing without the need for a financial middleman such as a bank.

Simply said, Compound allows users to deposit cryptocurrencies into lending pools that borrowers may access. Lenders are then paid interest on the assets they have deposited.

When a deposit is made, Compound rewards the lender with a new cryptocurrency called a token (which reflects the deposit). tokens such as cETH, cBAT, and cDAI are examples of tokens.

Each token can be transferred or swapped freely, but it can only be redeemed for the cryptocurrency that was initially locked in the system. Because the entire procedure is automated and controlled by the Compound code, lenders can withdraw money at any moment.

Compound employs another coin unique to its service, COMP, to incentivize this behavior. When a user interacts with a Compound market (by borrowing, withdrawing, or returning an asset), they are rewarded with more COMP tokens.

While the approach is complicated, it has so far been effective in attracting users and encouraging other DeFi cryptocurrencies to follow it. According to the statistics portal DeFi Pulse, about $500 million in assets were locked in the Compound protocol as of 2020.

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