Compound or COMP is the Ethereum Token that enables the community governance of the Compound protocol. The Compound Protocol is a decentralized interest rate market allowing all users to supply tokens for earning interest and also allowing them to borrow all types of Ethereum Tokens at variable interest rates.
Unlike traditional loans and banking, there is no application or individual to decide who is allowed to access the loan network. The decentralized compound protocol enables all customers to equally participate in finance ventures in a safe and secure manner.
Compound is an algorithmic and autonomous interest rate protocol built for and by developers to unlock an entire world of possibilities for new market entrants of the cryptocurrency finance world and to enable to possibilities to construct many folds of financial applications.
You will find Compound on major trading markets like Coinbase.com and Coinbase.com. You can also use the free Compound APP with your Coinbase.com holding account to make loans and receive interest.
If your interested in mining cryptocurrencies instead of directly purchasing them, consider joining a cloud mining site.
