Convergence price
CONV
CONV

Convergence price

$0.00078936
+$0.0000060028
(+0.76%)
Price change for the last 24 hours
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USD
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Convergence market information
Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history

Market cap
$1.58M
Circulating supply
1,998,946,315 CONV
Market cap ranking
302
24h high
$0.00084139
24h low
$0.00077035
All-time high
$0.23700

Convergence price performance in USD

The current price of Convergence is $0.00078936. Over the last 24 hours, Convergence has increased by +0.77%. It currently has a circulating supply of 1,998,946,315 CONV and a maximum supply of 10,000,000,000 CONV, giving it a fully diluted market cap of $1.58M. At present, Convergence holds the 302 position in market cap rankings. The Convergence/USD price is updated in real-time.
Today
$0.0000060028
+0.76%
7 days
$0.000053363
+7.25%
30 days
-$0.00004
-4.67%
3 months
-$0.00005
-5.81%

About Convergence (CONV)

3.6/5
CyberScope
3.6
07/26/2024
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Convergence is a decentralized protocol allowing users to swap real-world assets and DeFi tokens. With its interchangeable and compatible asset protocol, Convergence unlocks liquidity, incentivizes token holders, and opens up new possibilities to support stablecoins and other protocols in the ecosystem.

CONV is the native ERC-20 token of the Convergence Protocol and can be used to pay for transactions, vote on governance proposals, and access early and private deals on Convergence Finance.

Unlike other decentralized exchanges (DEX), Convergence Finance creates a market for real-world assets on the blockchain using Wrapped Security Tokens (WSTs). Security tokens are tokens that represent a real-world asset like a stock, bond, or shares of a company. Owners of security tokens also have ownership of the asset the token represents and are overseen and regulated by governments, just like other financial markets.

On Convergence Finance, people can exchange their crypto utility tokens for WSTs, providing an affordable and straightforward way to own traditional financial assets. The protocol eliminates the need for intermediaries or central exchanges by connecting the WSTs with Unit Trusts (UTs) on a single network. Furthermore, unlike traditional markets, the Convergence protocol considers both on-chain and off-chain perspectives to help direct liquidity sources and allow accurate price discovery for users.

The main functionality of the protocol lies in its ability to wrap tokens. Convergence's token wrapping module creates a wrapping layer to convert a normal sheet into a wrapped asset. These converted tokens are introduced to the protocol's Automated Market Maker (AMM) infrastructure.

Convergence is built on Ethereum, and its infrastructure eases the whole process of asset exposure to the end user. As EVM is also compatible with chains like Binance Smart Chain, it can effortlessly release more liquidity into the network. The decentralization element of this protocol is its pools and DAOs. With a DAO, CONV token holders will get governance rights and can decide on future WSTs that should be added.

By integrating Convergence with Moonbeam, Convergence will be the first interchangeable AMM in the Polkadot ecosystem. For liquidity purposes, they partnered with 1inch network. To make the protocol more transparent, they announced to incorporate Chainlink VRF.

CONV price and tokenomics

The native token of the Convergence protocol, CONV, has a total supply of 10 billion. The Convergence team unlocked 60 million CONV tokens by hosting a public sale via an IDO. The platform used is Polkastarter, a cross-chain built on Polkadot. CONV tokens were priced at $0.005 per token, raising $300,000.

In token distribution and release, 40 percent of the total supply will go to the Convergence ecosystem, 10 percent to early supporters in the community, and 20 percent to maintaining liquidity and developing strategic sales. Additionally, founders and other advisors will get a combined 15 percent of the supply while the remaining is allocated to buyers who participated in the seed sale.

About the founders

Convergence Protocol is co-founded by Oscar and Ivan Yeung. Oscar started his career as a research analyst for hedge funds and global equity markets. Before starting Convergence, he was a co-founder at a company called Liquefy.

Ivan Yeung obtained his degree in Computer Science from Simon Fraser University. After working at IBM, he led product development roles at Axon Driver Solutions and Liquefy. In 2021, Ivan met with Oscar and started working towards building the Convergence protocol.

Soon after launching, an initial DEX offering (IDO) was held for the CONV token to make it available to the public and raise money for developing Convergence Finance. The IDO was held on Polkastarter, a decentralized exchange built on the Polkadot blockchain that focuses on helping new crypto projects hold auctions for their tokens.

This project is backed by several well-known backers, including NGC Ventures, Genesis Block Ventures, Alameda Research, CMS Group, Kinetic Capital, and Pantera's partner Paul Veradittakit. The seed round helped the team raise a total of $1.5 million.

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CONV FAQ

What is Convergence (CONV)?

Convergence Finance has a one-of-a-kind interchangeable asset protocol, mainly because the wrapped tokens are compatible with other DeFi protocols. Moreover, its AMM is designed to remove the complexity and give users economic exposure to previously inaccessible assets.

How does Convergence work?

The Convergence protocol helps swap real, value-driven assets with DeFi utility tokens. Its wrapping module and AMM enable this seamless exchange. The former adds wrapping features, while the latter deals with liquidity and price discovery. Convergence also offers the required flexibility for native token holders and others to create their own markets using pools.

What are security tokens?

Security tokens function as digital representations of assets in the real world on the blockchain. Security tokens can represent anything from stocks to a company's shares.

Can CONV tokens be mined?

No, they cannot be mined. The protocol creates and controls all CONV tokens, and there is no mining process.

Where can I buy CONV?

Easily buy CONV tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the CONV/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for CONV with zero fees and no price slippage by using OKX Convert.

How much is Convergence worth today?
Currently, one Convergence is worth $0.00078936. For answers and insight into Convergence's price action, you're in the right place. Explore the latest Convergence charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Convergence, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Convergence have been created as well.