GEAR

Gearbox price

GEAR
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2.4/5
TokenInsight
2.4
01/04/2023
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USD
USD
$0.012264
+3.10%
1h
24h
1W
1M
1Y
All

Gearbox price live data

The current price of Gearbox is $0.012264. Since 00:00 UTC, Gearbox has increased by +3.11%. It currently has a circulating supply of 5,712,960,446 GEAR and a maximum supply of 10,000,000,000 GEAR, giving it a fully diluted market cap of $70.10M. At present, Gearbox holds the 213 position in market cap rankings. The Gearbox/USD price is updated in real-time.

Gearbox price performance in USD

Time periodChange amount%Chg
Today$0.00036982 +3.10%
7 days-$0.00241 -16.41%
30 days-$0.00525 -29.96%
3 months-$0.00577 -32.00%

Gearbox market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.011145
Last price $0.012264
24h high$0.012604
Heat index ranking
258
Market cap ranking
213
Market cap
$70.10M
Favorited rate
Percentage of users who favorited this asset to all users
0.43%
All-time high
$0.037800
-67.56% (-$0.02554)
Apr 12, 2024 (2 months ago)
All-time low
$0.0037020
+231.28% ($0.0085621)
Sep 27, 2023 (9 months ago)
ICO date
12/19/2022
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
5,712,960,446 GEAR
Market cap at circulating supply
Market cap = Circulating supply × Last price
$122.70M

About Gearbox (GEAR)

As the decentralized finance (DeFi) ecosystem continues to experience rapid growth, it becomes evident that a lack of composability is hindering its full potential. Composability, the ability to seamlessly integrate and combine various components or protocols, is crucial for the efficient movement of assets across decentralized applications (dApps) and chains. Gearbox (GEAR) emerges as a project that aims to address this fundamental challenge and unlock new possibilities within the DeFi space.

What is Gearbox 

Gearbox is a blockchain-based protocol and DeFi brokerage that is set to disrupt the lending and borrowing landscape. With a strong focus on composability, Gearbox aims to revolutionize how assets are exchanged and leveraged across dApps. By integrating a wide range of tokens into its protocol, Gearbox enables users to seamlessly exchange and interact with diverse assets within the DeFi ecosystem.

One of the standout features of Gearbox is its leverage functionality. Gearbox allows users to utilize leverage not only within Gearbox but also across other platforms, opening up new possibilities for maximizing returns and diversifying strategies.

The Gearbox team 

The Gearbox team is comprised of a group of highly skilled and passionate individuals who are driving the vision and development of the protocol. Led by Mikhail Lazarev, Ivan, and Iigiz Gimaltdinov, the core team members bring a wealth of experience in technology, blockchain, and the internet industry to the project.

How does Gearbox work 

Gearbox addresses the problem of incompatibility among DeFi protocols, which leads to an oversupply of unused capital and assets. The protocol enables users to interact with multiple DeFi services in a seamless and interconnected way. It achieves this by incorporating credit accounts that can act as collateral for various activities, allowing users to conduct transactions across different platforms and protocols effortlessly.

Moreover, Gearbox offers the functionality of margin trading on centralized exchanges, providing users with the opportunity to trade on various platforms. By facilitating interoperability, the project aims to revolutionize the DeFi space and usher in a more integrated and versatile financial ecosystem.

Gearbox’s utility token: GEAR 

Gearbox's utility token, GEAR, follows the ERC-20 standard and plays a central role in the platform's ecosystem. 

GEAR tokenomics 

GEAR has a maximum supply of 10 billion tokens, with a circulating supply of over 1.1 billion tokens. 

GEAR use cases 

The GEAR token has multiple use cases within the Gearbox ecosystem. Firstly, it enables seamless transfer and exchange of assets across various dApps. Secondly, GEAR serves as a governance token, giving holders proportional voting rights on proposed projects and platform decisions through the project’s decentralized autonomous organization (DAO). Lastly, GEAR can be staked by users to earn additional rewards, providing an incentive for long-term participation and engagement in the Gearbox network.

Distribution of GEAR 

Gear is distributed as follows:

  • 46.71 percent: DAO fund
  • 20 percent: Founding team
  • 11.52 percent: Treasury
  • 9.20 percent: SAFT
  • 7.47 percent: Community
  • 2.77 percent: DAO Round 1
  • 1.28 percent: External contributors 
  • 1.06 percent: DAO Round 2

Gearbox’s expansion plans 

Gearbox has ambitious expansion plans in the DeFi lending and borrowing industry, focusing on three key areas: interoperability, GEAR use cases, and security. Through these expansion plans, Gearbox seeks to drive innovation, foster adoption, and establish itself as a leading player in the DeFi lending and borrowing industry while offering users enhanced functionality, security, and opportunities for financial growth.

GEAR FAQ

What is Gearbox? 

Gearbox is a cutting-edge composable DeFi leverage platform transforming the lending and borrowing landscape. It provides users with innovative tools and features to optimize their financial strategies and explore leverage opportunities in the decentralized finance space.

What are the utility and benefits of holding GEAR? 

Holding GEAR tokens offers a range of benefits and utilities within the Gearbox ecosystem. Firstly, GEAR holders enjoy exclusive voting rights, enabling them to actively participate in the platform's governance processes and influence decision-making. Additionally, GEAR holders can stake their tokens, allowing them to earn passive income and receive rewards. 

Where can I buy GEAR? 

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

How much is Gearbox worth today?
Currently, one Gearbox is worth $0.012264. For answers and insight into Gearbox's price action, you're in the right place. Explore the latest Gearbox charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Gearbox, 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 Gearbox have been created as well.