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What Is Convergence?

## What Is Convergence (CONV)?

Convergence Finance aims to provide access to quality projects and IDO by creating a robust DeFi ecosystem in a secure and compliant environment utilising infrastructure built on its native CONV tokens, enabling cross-chain compatibility to maximize liquidity across different chains so users can interact with private-sale token projects and transact beyond the ERC20 standard.

Convergence Finance is the first AMM to make private tokens interchangeable in the [DeFi] (https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) space by fractionalizing them using a single easy-to-use interface and composable with other DeFi protocols.

Convergence Finance combines the edge of a lowered investment entry barrier with the liquidity, automation, and transparency features of DeFi to bring exclusive investment exposure to all DeFi users.

CONV is a multi-chain protocol utility token on Ethereum and Moonbeam Network with the following utilities
* Access premium launchpad subscription pool
* Earn AMM pool staking rewards
* Provide Governance rights for future protocol DAO
* Serve as the base token to facilitate future cross-chain swaps 

### What Makes Convergence Unique?

Supported by institutional and individual investors like Hashed, Alameda Research, OKX, Pantera, Divergence Ventures and Kenetic, Convergence has attracted a lot of attention and aims to democratize investment by making private markets public. Convergence also enables cross-chain compatibility to maximize liquidity across different chains so users can transact beyond the Ethereum ERC20 standard.

Convergence Finance has extended its product suite from Ethereum to the Moonriver and Moonbeam ecosystem recently for an optimized cross-chain AMM and launchpad experience with fast confirmation and low transaction fees.

### Who Are the Founders of Convergence?

[Oscar](https://www.linkedin.com/in/oscar-yeung/) and [Ivan Yeung](https://www.linkedin.com/in/ivan-yeungtt/) are the co-founders of Convergence. Oscar Yeung graduated with a degree in finance and international business from NYU Stern and immediately started a career in finance. In 2014, he took a position as a global markets analyst at Deutsche Bank. In 2016, Oscar Yeung founded KidHop, an educational platform banking on technological advancements to bring ease of use to parents looking for various activities for their kids. In 2021, Oscar teamed up with Ivan Yeung to found Convergence.

Ivan Yeung is the other half of the co-founding duo behind Convergence. He graduated with a degree in computer science from Simon Fraser University. In 2016, he became an information technology analyst for IBM and spent two years with the tech giant. In 2018, Ivan Yeung joined Axon Driver Solutions as a product development lead. Later on, in 2019, he joined Liquefy as a senior product manager. Since the beginning of 2021, Ivan Yeung has been actively working on Convergence and the protocol launch.

## Where Can You Buy Convergence (CONV)?

CONV is currently listed on centralized exchanges like [OKX] (https://coinmarketcap.com/exchanges/okx/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [MXC](https://coinmarketcap.com/exchanges/mxc/), 
[AscendEX(Bitmax)](https://coinmarketcap.com/exchanges/ascendex/) etc. while CONV is also available for swapping on decentralized exchanges like [Uniswap](https://coinmarketcap.com/exchanges/uniswap-v3/) on Ethereum and [Convergence Swap AMM](https://convx.conv.finance/) on Ethereum and Moonbeam.

### How Many Convergence (CONV) Coins Are There in Circulation?

Convergence has a total supply of 10,000,000,000 CONV tokens. The upcoming ICO will feature about 60,000,000 CONV tokens, or about 0.6% of the total supply, released for public sale. Convergence (CONV) currently has a circulating token supply of 448,000,000 tokens. 

Out of the total token supply, about 40% will go directly into the Convergence ecosystem. Another 10% will be distributed among prominent members of the Convergence community. About 20% of CONV tokens will be dedicated to strategic sales and liquidity guarantees. The founding team and advisors will receive 10% and 5% of the total token supply, respectively. Last but not least, 4% of the total supply has been distributed among investors during the seed sale for Convergence.