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Mirrored Alibaba price today is $249.09 USD with a 24-hour trading volume of $9,655.61 USD. Mirrored Alibaba is up 1.05% in the last 24 hours. The current CoinMarketCap ranking is #966, with a market cap of $3,191,404 USD. It has a circulating supply of 12,812 MBABA coins and the max. supply is not available.
MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain.
Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project.
Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset.
Mirrored assets provide the following advantages:
The aim of mAssets is to mimic the price trends of real-world exchange-traded underlying assets and give investors access to not only home markets but also foreign markets as well. While tokenized stocks from Terra such as mAAPL tries to closely represent the movements of AAPL stock, users are not afforded any rights of the underlying asset and tracking errors may arise due to the imbalances in trading volume in the underlying markets, Uniswap markets and the Terraswap markets.
The Mirror Protocol's mechanism and incentive designs creates several forces in play: * mAssets must be covered by more collateral than their value, which limits minting * collateral can be liquidated when positions go under min. collateral ratio * liquidity providers ensure mAsset can be swapped against UST at market price * arbitrage with external market makers maintain the peg
|Mirrored Alibaba Price||$249.09|
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|Market Dominance||No Data|
|Fully Diluted Market Cap||No Data|
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|Yesterday's Volume||No Data|
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All Time High
Dec 21, 2020 (a month ago)
All Time Low
Dec 18, 2020 (a month ago)
|Mirrored Alibaba ROI||No Data|
|Circulating Supply||12,812 MBABA|
|Total Supply||12,812 MBABA|
|Max Supply||No Data|