COMPOSITE - CMST is a collateralized stablecoin for Interchain built on Comdex chain.
Inspired mainly by the robust and reliable model built by MakerDao for $DAI stablecoin, $CMST can be minted permissionless-ly as a debt against collateralized CDPs of interchain assets.
Composite can be minted on https://harborprotocol.one/home . Users can choose from a wide range of Cosmos ecosystem assets and interchain assets as collateral to mint $CMST. $CMST’s mechanism is designed to be the most reliable model for stablecoins, which is censorship-resistant, permissionless, and decentralized.
Composite is a stablecoin designed to be a stable representation of purchasing power and is therefore soft pegged to $1; however, as the global macro landscape develops, that may be subject to change in the future.
CMST and Harbor Protocol References
Website: https://harborprotocol.one/home
Mechanism Docs: https://docs.harborprotocol.one/
Code Audit Report: https://github.com/oak-security/audit-reports/tree/master/Comdex
Community Channels:
Harbor Protocol on Twitter - https://twitter.com/Harbor_Protocol
Composite Money (CMST) on Twitter - https://twitter.com/Composite_Money
Composite Money (CMST) Community Chat: https://t.me/Composite_Money
Forum: https://forum.comdex.one/
Blog: https://blog.comdex.one
Where is Composite available for purchase?
You can exchange CMST tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Composite is Shade Protocol, notably the CMST/CMST pair, which saw a trading volume of $ 1,093.19 in the past day. Additionally, Osmosis is popular alternative for trading tokens.
What is the highest value Composite (CMST) has ever reached?
Composite (CMST) reached its peak price at 1.15 $ on 27 October 2023, approximately 2 years ago ago. Presently, the current price is -90.25% lower than this all-time high.
What is the historical minimum price for Composite (CMST)?
The minimum price reached for Composite (CMST) was 0.08304 $, documented on 06 September 2024, more than a year ago. In comparison, the current price is 35.01%, it above this historical low.
What is the fully diluted valuation of Composite (CMST)?
The fully diluted valuation (FDV) of Composite (CMST) stands at $ 31,627. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of CMST tokens. The realization of this FDV might take several years depending on the emission schedule of CMST tokens.