mBABA

Mirrored AlibabamBABA

Rank #966
Token
On 0 watchlists

Mirrored Alibaba Price (mBABA)

$249.09
1.05%

0.006815 BTC

0.1980 ETH

Low:$245.55
High:$249.88
24h
mBABA  Mirrored Alibaba mBABAPrice: $249.09 1.05%
Market Cap
$3,191,404
1.05%
Fully Diluted Market Cap
- -
Volume
24h
$9,656
0.00%
Circulating Supply
12,812 mBABA
Total Supply
12,812

Mirrored Alibaba Chart

 

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About Mirrored Alibaba

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.

What are Mirrored Assets?

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:

  • Global Accessibility: In most markets outside of Europe & North America, access to foreign equities and forex markets is highly limited. Crypto allows global accessibility without entry barriers.
  • Fractional Orders: In traditional finance, to execute a fractional order, multiple fractional orders are bundled together to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time. By utilizing the blockchain, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.
  • Nearly-Instantaneous Order Execution: Oftentimes due to the lack of liquidity (price-time-priority order book algorithm), orders can take up to a day to fully execute. Given the fact that Mirror relies on liquidity provided by each individual asset pool, orders can be executed as fast as the blocktime of the network (~ 6 seconds).

What are tokenized stocks?

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.

How do mAssets keep their peg to real assets?

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

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mBABA

Mirrored Alibaba

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USD

United States Dollar

mBABA Price Statistics

Mirrored Alibaba Price Today
Mirrored Alibaba Price$249.09
Price Change24h$2.62

1.05%

24h Low / 24h High
$245.55 /
$249.88
Trading Volume24h$9,655.610
Market DominanceNo Data
Market Rank#966
Mirrored Alibaba Market Cap
Market Cap$3,191,403.95

1.05%

Fully Diluted Market CapNo Data
Mirrored Alibaba Price Yesterday
Yesterday's Low / High
$244.06 /
$247.18
Yesterday's Open / Close
$246.66 /
$246.21
Yesterday's Change

0.18%

Yesterday's VolumeNo Data
Mirrored Alibaba Price History
7d Low / 7d High
$227.21 /
$251.37
30d Low / 30d High
$190.62 /
$263.19
90d Low / 90d High
$0 /
$263.19
52 Week Low / 52 Week High
$0 /
$263.19
All Time High
Dec 21, 2020 (a month ago)
$263.19

5.36%

All Time Low
Dec 18, 2020 (a month ago)
No Data
Mirrored Alibaba ROI
No Data
Mirrored Alibaba Supply
Circulating Supply12,812 MBABA
Total Supply12,812 MBABA
Max SupplyNo Data

Mirrored Alibaba Markets

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Source

Pairs

Price

Volume

Volume %

Liquidity

Confidence

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No Data

Mirrored Alibaba News

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