Compound is a cryptocurrency token that allows for the Compound exchange to function. Through the work of decentralized exchanges, tokens can be used to exchange cryptocurrencies. Compound functions in a specific protocol that allows for token holders to make decisions. The Compound exchange allows individuals to make decision if they the token and vote on any particular decision.
Compound has currently changed the way cryptocurrencies are used since it allows for the use of tokens to incentivize cryptocurrency holders the ability to lend and borrow cryptocurrencies while receiving tokens in exchange. There are some cryptocurrencies that are helping with the decentralized aspect of exchanges and allow for a more personal experience instead of having to have middlemen in the equation.
Compound is taken that has a current value of about $150. The cryptocurrency has a total supply of 2.5 million coins or tokens. The market cap is $407 million. The volume in the past 24 hours is $30 million.
* This is not investment advice. If you are going to buy or invest in cryptocurrencies, make sure you do your own research prior to making a decision.