mQQQ

Mirrored Invesco QQQ TrustmQQQ

Rank #911
Token
On 0 watchlists

Mirrored Invesco QQQ Trust Price (mQQQ)

$316.56
2.80%

0.008701 BTC

0.2532 ETH

Low:$307.27
High:$326.92
24h
mQQQ  Mirrored Invesco QQQ Trust mQQQPrice: $316.56 2.80%
Market Cap
$3,672,420
2.80%
Fully Diluted Market Cap
- -
Volume
24h
$129,209
15.22%
Circulating Supply
11,601 mQQQ
Total Supply
11,601

Mirrored Invesco QQQ Trust Chart

 

How do you feel about Mirrored Invesco QQQ Trust today?

Vote to see community results

About Mirrored Invesco QQQ Trust

Mirrored Invesco QQQ Trust price today is $316.56 USD with a 24-hour trading volume of $129,209 USD. Mirrored Invesco QQQ Trust is down 2.80% in the last 24 hours. The current CoinMarketCap ranking is #911, with a market cap of $3,672,420 USD. It has a circulating supply of 11,601 MQQQ 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

converter-coin-logo

mQQQ

Mirrored Invesco QQQ Trust

converter-coin-logo

USD

United States Dollar

mQQQ Price Statistics

Mirrored Invesco QQQ Trust Price Today
Mirrored Invesco QQQ Trust Price$316.56
Price Change24h$-8.87

2.8%

24h Low / 24h High
$307.27 /
$326.92
Trading Volume24h$129,208.65

15.22%

Market DominanceNo Data
Market Rank#911
Mirrored Invesco QQQ Trust Market Cap
Market Cap$3,672,419.65

2.8%

Fully Diluted Market CapNo Data
Mirrored Invesco QQQ Trust Price Yesterday
Yesterday's Low / High
$315.70 /
$334.50
Yesterday's Open / Close
$319.06 /
$325.61
Yesterday's Change

2.05%

Yesterday's Volume$72,095.43
Mirrored Invesco QQQ Trust Price History
7d Low / 7d High
$307.27 /
$335.07
30d Low / 30d High
$252.04 /
$335.07
90d Low / 90d High
$0 /
$335.07
52 Week Low / 52 Week High
$0 /
$335.07
All Time High
Jan 14, 2021 (4 days ago)
$335.07

5.52%

All Time Low
Dec 18, 2020 (a month ago)
No Data
Mirrored Invesco QQQ Trust ROI
No Data
Mirrored Invesco QQQ Trust Supply
Circulating Supply11,601 MQQQ
Total Supply11,601 MQQQ
Max SupplyNo Data

Mirrored Invesco QQQ Trust Markets

#

Source

Pairs

Price

Volume

Volume %

Liquidity

Confidence

Updated
No Data

Mirrored Invesco QQQ Trust News

Read more