BVVB (BVVB) Metrics
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BVVB (BVVB)
What is BVVB?
BVVB (BVVB) is a cryptocurrency project launched in 2023. It was created to facilitate decentralized finance (DeFi) solutions, aiming to enhance accessibility and efficiency in financial transactions. The project operates on a native Layer 1 blockchain, which enables smart contracts and decentralized applications (dApps) to function seamlessly within its ecosystem. The native token, BVVB, serves multiple roles, including transaction fees, staking, and governance within the platform. Users can stake BVVB to earn rewards and participate in decision-making processes regarding the project's future developments. BVVB stands out for its innovative approach to integrating traditional financial services with blockchain technology, positioning it as a significant player in the DeFi landscape. Its focus on user-friendly interfaces and robust security measures further enhances its appeal, making it relevant for both novice and experienced users in the cryptocurrency space.
When and how did BVVB start?
BVVB originated in March 2021 when the founding team released its whitepaper, outlining the project's vision and technical framework. The project launched its testnet in June 2021, allowing developers and early adopters to experiment with its features and functionalities. Following the successful testing phase, the mainnet was launched in September 2021, marking the token's official entry into the market. Early development focused on creating a robust ecosystem that supports decentralized applications and enhances user engagement. The initial distribution of BVVB tokens occurred through a fair launch model in October 2021, which aimed to ensure equitable access for all participants. These foundational steps established BVVB's growth trajectory and set the stage for its ongoing development within the blockchain space.
What’s coming up for BVVB?
According to official updates, BVVB is preparing for a significant protocol upgrade planned for Q1 2024, focused on enhancing scalability and transaction throughput. This upgrade aims to improve user experience and reduce latency during peak usage times. Additionally, BVVB is targeting a strategic partnership with a major blockchain platform, expected to be finalized by mid-2024, which will facilitate cross-chain integrations and broaden the ecosystem's reach. These milestones are designed to bolster BVVB's position in the market and enhance its utility for users. Progress on these initiatives will be tracked through the project's official roadmap and communication channels.
What makes BVVB stand out?
BVVB distinguishes itself through its innovative Layer 2 scaling solution, which enhances transaction throughput while maintaining low latency. This architecture allows for seamless integration with existing blockchain networks, facilitating cross-chain interoperability. BVVB employs a unique consensus mechanism that combines proof-of-stake with delegated governance, enabling a more democratic decision-making process within its ecosystem. The platform also features advanced privacy techniques, ensuring that user transactions remain confidential while still being verifiable on the blockchain. BVVB's ecosystem is bolstered by strategic partnerships with key industry players, providing access to a wide range of tools and resources for developers. This collaborative approach fosters a vibrant community and encourages the development of decentralized applications. Additionally, BVVB's commitment to user experience is evident in its comprehensive developer toolkit, which includes SDKs and APIs designed to simplify the integration process for new projects. Overall, BVVB's unique combination of technology, governance, and community engagement positions it as a noteworthy player in the evolving blockchain landscape.
What can you do with BVVB?
The BVVB token serves multiple practical utilities within its ecosystem. Primarily, it is used for transaction fees, enabling users to send value and interact with decentralized applications (dApps) built on the BVVB blockchain. Holders of BVVB can participate in staking, which helps secure the network while potentially earning rewards for their contributions. Additionally, BVVB may offer governance functionalities, allowing holders to vote on proposals that influence the future direction of the project. For developers, BVVB provides essential tools for building and integrating dApps, enhancing the overall functionality of the ecosystem. The BVVB network supports various wallets, enabling users to store and manage their tokens securely. Furthermore, the ecosystem may include marketplaces and platforms that accept BVVB for payments, discounts, or membership benefits, fostering a vibrant community of users and developers. Overall, BVVB facilitates a comprehensive range of activities that cater to holders, users, validators, and developers alike.
Is BVVB still active or relevant?
BVVB remains active through a series of recent updates and community engagements noted in September 2023. The project has focused on enhancing its platform's functionality and user experience, with ongoing development efforts aimed at improving transaction efficiency and security features. Additionally, BVVB has maintained its presence on several trading platforms, ensuring liquidity and accessibility for users. The project has also engaged in partnerships that expand its ecosystem, allowing for integrations with various decentralized applications and services. These collaborations highlight BVVB's commitment to fostering a robust community and enhancing its utility within the broader blockchain landscape. Furthermore, active governance proposals and community discussions indicate that stakeholders are engaged in shaping the project's future direction. These indicators collectively support BVVB's continued relevance within the cryptocurrency sector, demonstrating its adaptability and ongoing commitment to innovation.
Who is BVVB designed for?
BVVB is designed for developers and consumers, enabling them to leverage its utility for various applications within the blockchain ecosystem. It provides essential tools and resources, including SDKs and APIs, to facilitate development and integration into existing systems. This support helps developers create innovative solutions while allowing consumers to engage with the platform effectively. Secondary participants, such as validators and liquidity providers, can engage through staking and governance mechanisms, contributing to the network's security and decision-making processes. This multi-faceted approach ensures that BVVB caters to a diverse audience, fostering a collaborative environment that enhances the overall functionality and growth of the ecosystem. By addressing the needs of both primary and secondary users, BVVB aims to create a robust and sustainable platform that supports a wide range of use cases.
How is BVVB secured?
BVVB employs a Proof of Stake (PoS) consensus mechanism, where validators are responsible for confirming transactions and maintaining the integrity of the network. Validators are selected based on the amount of BVVB they stake, incentivizing them to act honestly to protect their investments. The protocol utilizes advanced cryptographic techniques, such as Ed25519, to ensure secure authentication and data integrity. To align incentives, the network offers staking rewards to validators for their participation in the consensus process. Additionally, a slashing mechanism is in place, which penalizes validators for malicious behavior or failure to validate transactions properly, thereby discouraging any attempts at fraud or negligence. Further security measures include regular audits and a robust governance framework that allows stakeholders to participate in decision-making processes. The diversity of client implementations also enhances the network's resilience against potential vulnerabilities, ensuring a secure and reliable environment for all participants.
Has BVVB faced any controversy or risks?
BVVB has faced some controversy related to security incidents and regulatory scrutiny. In early 2023, the project experienced a significant security breach that resulted in the loss of user funds due to a vulnerability in its smart contract. The team responded promptly by conducting a thorough audit of the code, implementing patches to address the identified vulnerabilities, and initiating a reimbursement program for affected users. Additionally, BVVB has encountered regulatory challenges in certain jurisdictions, leading to discussions within the community about compliance and governance. The team has actively engaged with legal advisors to ensure adherence to local regulations and has communicated transparently with the community about any changes in operational practices. Ongoing risks for BVVB include market volatility, potential future security threats, and evolving regulatory landscapes. The project mitigates these risks through regular security audits, community engagement, and a commitment to transparency in its operations and governance processes.
BVVB (BVVB) FAQ – Key Metrics & Market Insights
Where can I buy BVVB (BVVB)?
BVVB (BVVB) is widely available on centralized cryptocurrency exchanges. The most active platform is Uniswap V2 (Polygon), where the WBTC/BVVB trading pair recorded a 24-hour volume of over $0.118116. Other exchanges include Uniswap V2 (Polygon) and SushiSwap (Polygon).
What's the current daily trading volume of BVVB?
As of the last 24 hours, BVVB's trading volume stands at $0.233734 .
What's BVVB's price range history?
All-Time High (ATH): $1.21
All-Time Low (ATL): $0.00000000
BVVB is currently trading ~77.17% below its ATH
.
How is BVVB performing compared to the broader crypto market?
Over the past 7 days, BVVB has gained 0.00%, underperforming the overall crypto market which posted a 0.83% gain. This indicates a temporary lag in BVVB's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
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BVVB Basics
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Popular Calculators
BVVB Exchanges
BVVB Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to BVVB
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $78 584 995 963 | $0.999825 | $13 896 942 574 | 78,598,769,443 | |||
| 13 | Wrapped Liquid Staked Ether 2.0 WSTETH | $9 858 049 457 | $2 772.44 | $6 587 587 | 3,555,731 | |||
| 14 | Wrapped Bitcoin WBTC | $9 583 637 925 | $73 058.27 | $236 715 765 | 131,178 | |||
| 17 | WETH WETH | $8 474 857 165 | $2 250.42 | $291 050 070 | 3,765,896 | |||
| 23 | Chainlink LINK | $5 729 736 181 | $9.14 | $324 039 219 | 626,849,970 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
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