What is Math (MATH) crypto and why is it falling?

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What is Math (MATH) crypto and why is it falling?

 What is Math (MATH) crypto and why is it falling?
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Highlights:

  • Math (MATH) is a one-stop crypto platform for deposits, loans, and creating portfolios.
  • Its utility token MATH was introduced in 2019. 
  • Math has a market capitalization of US$27.4 million, with 11,988 token holders. 

The Math (MATH) crypto price fell sharply on Friday morning, shifting opposite to the trends in the overall cryptocurrency market. MATH fell about 14% to US$0.2424, while the crypto market rallied over 3% to US$900 billion in the trailing 24 hours to around 5:00 am ET.

MATH has made several positive announcements recently. On Thursday, June 23, it was listed on the Coinbase crypto exchange. MATH also announced a vacancy for an outreach manager to collaborate with NFT creators this week.

Also Read: Why is layer-1 Stacks (STX) crypto grabbing attention?

Let's know more about the MATH token.

What Is MATH (MATH) crypto?

The project was founded by Eric Yu, Math’s chief technology officer, in 2018. Yu previously co-founded XunFang Tech and worked as CTO of a Chinese mutual aid platform Zhongtopia.

Math offers various applications, such as Math Wallet, Math DApp Store, MathStaking, MATH VPOS Pool, MathPay, and MathChain, to provide a one-stop crypto platform.  

Also Read: Why is The Sandbox (SAND) crypto rising?

The MATH platform allows users to create portfolios and invest using the quant trading option. They can also deposit cryptos, take loans, make payments in cryptos, and earn up to 30% annually (APR) on their digital assets at zero cost. MATH supports over 60 public blockchains. 

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MATH product offerings:

Math Wallet is an extension wallet to support multi-chain decentralized applications (DApps). 

The Math DApp store offers users access to Dapps, such as Math Cloud Wallet, Near Staking Tools, Binance Staking Tools, and Uniswap. MATH VPOS Pool allows users to stake and earn. On the other hand, MathChain is a second-layer Substrate blockchain. 

Also Read: Why is Trust Wallet token (TWT) rising?

MathPay is a cryptocurrency payment gateway, and MathSwap is an instant token exchange to build a crypto portfolio using its quant trading system. Furthermore, MathNews provides news about MATH and the public chains it supports. The Math DApp factory offers tools to create games and other decentralized applications. 

Also Read: What is Tellor (TRB) crypto and how does it work?

math crypto

Data Source: coinmarketcap.com

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MATH token:

MATH is an ERC-20 utility token used for staking and rewarding users. It was introduced in 2019. Its current circulating supply is 114.36 million, and the total supply is 200 million. Its market capitalization is US$27.4 million, with 11,988 token holders. It can be traded on exchanges like FTX, MEXC, Gate.io, Coinbase, and BingX.

Also Read: Why is Dogelon Mars (ELON) crypto gaining attention?

Bottom line:

The crypto market is going through a tough time. It sank around 57% YTD. As such, investors should exercise due diligence before investing in stocks.

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