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BANK
Float Protocol
$0.2792
1.93%
Open
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Low
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1H
24H
7D
1M
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About Float Protocol
Float Protocol and the FLOAT stablecoin - a floating, low-volatility cryptocurrency designed to be true crypto money. Routine "Dutch auctions" maintain FLOAT's short-term market value and reduce volatility, while a basket of cryptocurrencies held by the Protocol support FLOAT's value over the long-term, allowing the currency to gradually change value over time.
This enables users to maintain their purchasing power independent of the fiat market, while transacting freely without concerns of short-term speculation and market volatility, thus providing a crypto-native unit of account.