mMSFT

Mirrored MicrosoftmMSFT

Rank #922
Token
On 0 watchlists

Mirrored Microsoft Price (mMSFT)

$216.28
0.18%

0.005915 BTC

0.1718 ETH

Low:$214.73
High:$217.04
24h
mMSFT  Mirrored Microsoft mMSFTPrice: $216.28 0.18%
Market Cap
$3,507,321
0.18%
Fully Diluted Market Cap
- -
Volume
24h
- -
Circulating Supply
16,217 mMSFT
Total Supply
16,217

Mirrored Microsoft Chart

 

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About Mirrored Microsoft

Mirrored Microsoft price today is $216.28 USD with a 24-hour trading volume of not available. Mirrored Microsoft is down 0.18% in the last 24 hours. The current CoinMarketCap ranking is #922, with a market cap of $3,507,321 USD. It has a circulating supply of 16,217 MMSFT 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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mMSFT

Mirrored Microsoft

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USD

United States Dollar

mMSFT Price Statistics

Mirrored Microsoft Price Today
Mirrored Microsoft Price$216.28
Price Change24h$-0.3952

0.18%

24h Low / 24h High
$214.73 /
$217.04
Trading Volume24hNo Data
Market DominanceNo Data
Market Rank#922
Mirrored Microsoft Market Cap
Market Cap$3,507,321.22

0.18%

Fully Diluted Market CapNo Data
Mirrored Microsoft Price Yesterday
Yesterday's Low / High
$214.28 /
$217.02
Yesterday's Open / Close
$216.57 /
$216.17
Yesterday's Change

0.18%

Yesterday's VolumeNo Data
Mirrored Microsoft Price History
7d Low / 7d High
$210.56 /
$229.24
30d Low / 30d High
$179.69 /
$230.58
90d Low / 90d High
$0 /
$230.58
52 Week Low / 52 Week High
$0 /
$230.58
All Time High
Jan 04, 2021 (14 days ago)
$230.58

6.2%

All Time Low
Dec 18, 2020 (a month ago)
No Data
Mirrored Microsoft ROI
No Data
Mirrored Microsoft Supply
Circulating Supply16,217 MMSFT
Total Supply16,217 MMSFT
Max SupplyNo Data

Mirrored Microsoft Markets

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Source

Pairs

Price

Volume

Volume %

Liquidity

Confidence

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Mirrored Microsoft News

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