c0x to USD Price Chart

c0x Statistics

Market Rank	#1987
Market Cap	$ 3.5M
Volume 24h	$ 226.5
Circ. Supply	304.0M
Total Supply	304.0M
Max Supply	?

What Is the Current Price of c0x (CZRX)?

As of now, the price of c0x (CZRX) stands at $ 0.01137693. It has increased by +5.43% in the past 24 hours, reflecting the dynamic nature of cryptocurrency markets. Keep in mind that prices can fluctuate widely within short periods.

What Is c0x (CZRX)?

c0x, or CZRX, is a balance token associated with the Compound protocol. It functions within the decentralized finance (DeFi) ecosystem, representing a user's balance in a specific cryptocurrency within the Compound platform's lending and borrowing system. Essentially, it's a token that mirrors the value of funds supplied to the Compound protocol by its users.

Who Created the c0x (CZRX) Token?

c0x is created and managed by the team behind the Compound protocol. The Compound protocol itself is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.

How Does c0x (CZRX) Work?

When users supply assets to the Compound protocol, they receive cTokens like CZRX in return. These cTokens represent the individual's stake in the pool and accrue interest over time. This interest is accumulated through the lending activities that occur within the Compound protocol, and the cTokens can be redeemed for the underlying asset plus the accumulated interest at any time.

What Makes c0x Unique?

c0x is unique because it's integrated with the Compound protocol, which is a foundational block in the DeFi space. This protocol enables users to earn interest on their cryptocurrencies by contributing them to a lending pool. CZRX as a balance token provides users a proof of their contribution and allows them to interact with the protocol in a user-friendly way.

How Does the Compound Protocol Determine Interest Rates?

The interest rates within the Compound protocol are determined algorithmically, based on supply and demand for the assets within the protocol. As demand to borrow certain assets increases, or supply decreases, the interest rates adjust accordingly in real-time.

How Is the Compound Network Secured?

The Compound protocol, which issues CZRX, is built on Ethereum, which benefits from the security features of its blockchain. Ethereum is secured by a decentralized network of miners who validate and record transactions on the blockchain. On top of this infrastructure, Compound implements smart contracts that have been audited and tested for security.

How Much c0x (CZRX) Is in Circulation?

The current circulating supply of c0x (CZRX) is 304.0M tokens. The total supply relates directly to the amount of capital that users have supplied to the Compound protocol and can vary as new funds are added or withdrawn from the system.

What Is c0x’s Role Within the Compound Protocol?

c0x serves as a redeemable token that tracks a user's balance and their portion of the liquidity pool on the Compound protocol. This utility simplifies the process for users to earn passive income on their cryptocurrency holdings within the Compound ecosystem.

How Can Changes in c0x (CZRX) Values Affect Users?

As c0x (CZRX) is tied to the underlying asset in the Compound protocol, changes in the value can indicate a change in the interest rates or the overall supply and demand of that particular asset in the market. Holders of CZRX need to be aware that these tokens reflect both the value of their initial deposit and the accrued interest.

Where Can You Buy c0x (CZRX)?

You can purchase c0x (CZRX) on various cryptocurrency exchanges. The availability of CZRX might vary, so it is advisable to check the most recent listings on to see where it is currently traded.

How to Keep Your c0x (CZRX) Safe?

Keeping your c0x (CZRX) safe involves the same best practices as holding any other cryptocurrency. This includes using reputable wallets, employing strong passwords, enabling two-factor authentication, and being cautious about sharing your private keys or wallet information with anyone. Remember to conduct thorough research on wallet providers and consider using a hardware wallet for higher security.

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