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About MAP Protocol

MAP Protocol is a decentralized cross-chain interoperability system supported by a dedicated blockchain. The MAP Protocol intends to protect cross-chain assets and enables decentralized applications or DApps to reach their maximum potential. Chain interoperability explains that one blockchain (active chain) can read/write to another blockchain (passive chain). The MAP Protocol allows developers to create a wide range of cross-chain decentralized finance (DeFi) apps on the system. The DeFi apps seek to overcome the issues related to exchanging and using transaction information. Therefore, it enables flexible liquidity transfer throughout the blockchain ecosystem. 

According to its whitepaper, the MAP Protocol allows independent chains to exchange data, information, assets, and smart-contract instructions. The protocol has also built a network on many chains that permit consumers to utilize any interoperable cross-chain service without CEXes. Any blockchain system that supports the MAP protocol can communicate with other blockchain systems. As a result, an open blockchain interoperability environment is developed. Map protocol seeks to provide a safe end-to-end method for any blockchain user to transfer and trade assets.

The MAP Protocol has a dedicated blockchain called MAP Chain, which ensures the security mechanism of ledger and fund custody. The MAP chain is completely EVM compliant and is based on the Proof-of-Stake mechanism and the Byzantine Fault Tolerant consensus protocol. Byzantine Fault Tolerant consensus protocol provides the ability of a cryptocurrency to run normally even if some of the nodes don't function correctly. The MAP protocol also features a governance system managed by the DAO. The MAP token holders can participate in the governance system through proposals.

The Map Standard Chain's native token is termed MAP. The MAP tokens are used to reward system contributors that develop the MAP protocol, create DApps, and establish technological or user communities. Holders of the MAP token are also eligible to engage in on-chain governance and give their votes.

MAP protocol was released in 2019. The maximum supply of MAP protocol is ten billion MAP coins. 

Market

Market stats

Market cap

$82.6M

Volume (24h)

$6.7M

Circulating supply

4.4B MAPO

All time high

$0.25

Market performance

Price change (1h)

-0.06%

Price change (1d)

-0.59%

Price change (1w)

+1.08%

Price change (2w)

-21.94%

Price change (1m)

-39.02%

Price change (1y)

+36.43%

News about MAP Protocol

BeInCrypto • May 09, 24

Imminent Arrival of Stablecoins on Bitcoin, Hints Lightning Labs CEO

Lightning Labs is integrating stablecoins and tokenized assets into the Bitcoin network, supported by Bitcoin's Taproot upgrade, enhancing transaction efficiency and reducing costs.The post Imminent Arrival of Stablecoins on Bitcoin, Hints Lightning Labs CEO appeared first on BeInCrypto.

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The Block • May 09, 24

Solana-based tokenization platform AgriDex raises $5 million, plans token airdrop

AgriDex, a Solana-based platform focused on tokenizing agricultural commodities, has raised $5 million in a pre-seed funding round.

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CoinDesk • May 09, 24

Solana-Based Marketplace AgriDex Raises $5M to Tokenize Agricultural Industry

AgriDex brings agricultural commodities onto the blockchain by allowing crops to be bought on its marketplace with finalized deals backed by non-fungible tokens (NFTs).

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BeInCrypto • May 09, 24

Litecoin (LTC) Sees Breakout: Analyzing the Chances of a 27% Increase

Litecoin's price is noting a bullish breakout from the descending triangle reversal pattern which could send it at a 27% rally.The post Litecoin (LTC) Sees Breakout: Analyzing the Chances of a 27% Increase appeared first on BeInCrypto.

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BeInCrypto • May 09, 24

VanEck’s New MEMECOIN Index Soars by 195%, Outperforming Other Crypto Indices

VanEck launches MarketVector Meme Coin Index (MEMECOIN) Index tracking top 6 meme coins.The post VanEck’s New MEMECOIN Index Soars by 195%, Outperforming Other Crypto Indices appeared first on BeInCrypto.

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Blockworks • May 09, 24

AI has a monopoly on power and privacy. Blockchain fixes this.

Crypto and blockchain can provide a safer, fairer, more human-centric collaboration between AI and the rest of us

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MAP Protocol is on the rise this week.

The price of MAP Protocol has decreased by 0.06% in the last hour and decreased by 0.59% in the past 24 hours. MAP Protocol’s price has also risen by 1.08% in the past week. The current price is $0.0188 per MAPO with a 24-hour trading volume of $6.68M. Currently, MAP Protocol is valued at 92.46% below its all time high of $0.25. This all-time high was the highest price paid for MAP Protocol since its launch.

The current circulating supply of MAP Protocol is 4,391,627,765.364 MAPO which means that MAP Protocol has as total market cap of 4,391,627,765.364.

FAQ

What is the current price of MAP Protocol?

We update our MAP Protocol to USD currency in real-time. Get the live price of MAP Protocol on Coinbase.

What is the market cap of MAP Protocol?

The current market cap of MAP Protocol is $82.60M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of MAP Protocol?

The all-time high of MAP Protocol is $0.25. This all-time high is highest price paid for MAP Protocol since it was launched.

What is the 24 hour trading volume of MAP Protocol?

Over the last 24 hours, the trading volume of MAP Protocol is $6.68M.

How many MAP Protocol are there?

The current circulating supply of MAP Protocol is 4.4 billion.

Can I buy MAP Protocol on Coinbase?

Yes, MAP Protocol is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy MAP Protocol guide.