What Does Decent Coin Mean (What is DECP Coin)

What does Decent Coin mean? What does Decent Coin mean?

Decentral is one of the companies behind Bitcoin. It is supported by a blockchain network and operates on Ethereum, serving as a digital currency for any purpose. These tokens are referred to as “completely decentralized” and their prices are measured based on their value and practicality.

As more and more projects adopt this payment technology based on encryption, the demand for this concept is increasing. “Completely decentralized” is a completely different virtual asset. It represents a new and creative design concept – creating new financial products and services using algorithms.

This means that users will be able to buy or sell goods with different uses without the need for third-party involvement or opening an account for themselves.

However, the fees for these products are actually similar to ordinary stock investors, and “completely decentralized” refers to the high commissions and profits charged by the company to retail investors. Since these products are issued by retail investors rather than companies, they do not necessarily need funds like banks to buy or sell securities, but hope to invest in some other categories of companies. (Bitcoinist)

What is DECP Coin

DECP Coin is an ERC20-based digital currency, which has different characteristics compared to public chain projects such as Bitcoin and Ethereum. DECP is a governance token issued by Compound, which can be used to manage assets in various DeFi protocols and decentralized applications.

It is reported that the total supply of DEP is 1 billion, and the current circulation is about 30 million. Among them, 50% will be used for community construction (such as development) and reward pool, 10% will be given to early participants and ecological contributors, and 15% will be repurchased and destroyed in the later stage (such as DEIP launched on Ethereum).