About Proxy
Proxy (PRXY) is a cryptocurrency and operates on the Polygon platform. Proxy has a current supply of 6,574,565 with 0 in circulation. The last known price of Proxy is 0.00050038 USD and is up 0.05 over the last 24 hours. It is currently trading on 17 active market(s) with $25.02 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
Not enough data
FDV
$10.51K
Circ. Supply
Not enough data
Max Supply
21M PRXY
Total Supply
6.6M PRXY
Total Value Locked
$27.25M
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$25.01
-0.04%
Volume (7D)
$174.88
Volume (30D)
$780.35
All time high
$48.34
Price Change (1Y)
-97.52%
Additional info about Proxy
Recent trends
The latest PRXY price is $0.000500. Compared to Proxy's value of $0.00 from 24 hours ago, there's been a -0% decrease, while the current price is 0% up from $0.00 which was recorded one week ago. Proxy's all time high is $48.34, which was reached on November 18, 2021. This is a -100% change from its price today.
The fully diluted valuation of Proxy is $10.51K. The diluted valuation of Proxy is $10.51K.
Market details
PRXY vs markets
↘ 98.12%
PRXY vs BTC
↘ 98.37%
PRXY vs ETH
↘ 96.36%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Polygon | 0xab3D689C22a2Bb821f50A4Ff0F21A7980dCB8591 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000500 | ↘ 0.02% |
1 Day | $0.000500 | ↘ 0.02% |
1 Week | $0.000500 | ↗ 0.01% |
1 Month | $0.000500 | ↗ 0.01% |
1 Year | $0.0202 | ↘ 97.52% |
FAQ
Proxy, renamed BTC Proxy, is the institutional-grade Bitcoin DeFi bridge to the Polygon and Ethereum networks. The platform has a migrated contract address from Proxy to BTC Proxy. The BTC Proxy platform aims to provide a scalable layer-2 protocol to decentralized tokenization of Bitcoin, mainly for multinational institutions. Users can trade and manage their assets cross-chain (across different blockchains) on the platform utilizing the Proxy Relay. Proxy Relay is the bridge that Bitcoin holders can use to stake and transfer Bitcoin into another chain like Ethereum or Polygon without the need for a central exchange system.
As its whitepaper suggests, the platform faces some challenges with the current Ethereum ecosystem. For instance, the lack of a proper permissionless and decentralized bridge to transfer Bitcoin value to Ethereum/Matic; smart contracts dominate DEXs, digital swaps, and many other functions; and CEX and systems are exponentially increasing counterparty risks. Thus, to overcome these challenges, the BTC Proxy network aims to facilitate the features including minting, redemption, earning yield, custody (keeping funds safe with the help of regulated custodians), and PROXY governance.
BTC Proxy is a Bitcoin Liquidity Protocol that enables users to trade and transfer funds without price slippage. In addition, the protocol has independent liquidity that affects the exchange prices on centralized exchanges (CEX) and decentralized exchanges (DEX). The ecosystem also intends to help the users by providing financial freedom, supporting a decentralized bridge for securely and efficiently transferring funds, a flexible platform for redemption and standardizing Bitcoin for MRC20 and ERC20 formats.
The BTC Proxy ecosystem runs a community-governed DAO structure, with its two tokens, MATIC and PRXY, working in tandem. Here, MATIC is a reward token, and PRXY is a governance token that powers the ecosystem's growth. PRXY is the ERC20-based protocol token.
Further, using PRXY, users can submit proposals or funding requests to improve the ecosystem. PRXY can also be used for staking, Bitcoin farming, paying gas fees for the minting and redeeming BTCpx, liquidity mining, etc. BTCpx is the deposit to custody minted coin powering the BTC Proxy ecosystem. Also, users can earn PRXY by providing liquidity to BTCpx in the Automated Market-Making (AMM) pool and facilitates staking liquidity pool tokens into the staking contacts.
Donnie Kim is the founder and CEO of the BTC Proxy ecosystem. The team decided to launch the BTC Proxy platform with a maximum supply of 21 million PRXY tokens.
We update our Proxy to USD currency in real-time. Get the live price of Proxy on Coinbase.
The current market cap of Proxy is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Proxy is $48.34. This all-time high is highest price paid for Proxy since it was launched.
Over the last 24 hours, the trading volume of Proxy is $25.01.
Assets that have a similar market cap to Proxy include Skillchain, Intexcoin, Virgo, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Proxy is 0.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Proxy calculator
1 Proxy (PRXY) to Canadian Dollar (CAD)
CA$0.000685
1 Proxy (PRXY) to Real (BRL)
R$0.0028
1 Proxy (PRXY) to Euro (EUR)
€0.000439
1 Proxy (PRXY) to Singapore Dollar (SGD)
S$0.000645
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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