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Compcoin are transferable and divisible, and exhaust when used to activate the ART trading technology at a rate of 0.5% each quarter. Once a coin is exhausted, it may no longer be used or traded and new Compcoin must be acquired. Following the screenshot provided, ensure the conversion is from USD Stablecoins to Bitcoin . Enter the amount of USD you’d like to convert and click “Convert” to proceed. You can obviously convert your USD to a wide range of cryptocurrencies on the platform if you’d rather hold something other than Bitcoin.
- Distributed to the projected 1,000 Compcoin stick miners added as part of the offering.
- There is no recent price data for this coin, because we don’t see trading activity currently.
- Upload a copy of your driver’s license or passport along with a copy of a recent bank statement or utility bill that shows your address.
- After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.
The lending protocol enables users to deposit cryptocurrencies and earn interest from distribution into a Compound pool. Users receive cTokens proportional to tokens in the pool, redeemable at any time to retrieve the original asset. The company hopes to raise up to $45 million, which will go toward the development of new investor technologies, customer acquisition and company growth. No ID verification is needed to use the platform, and no special terms or penalties apply to borrowers, except for the established minimum limit of the collateral. While their crypto is in the pool, they get the interest every time an Ethereum block is created .
