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Convergence Stock

Convergence

CONV

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Convergence Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateCONV/USDT03.963.9682,992.290cex27/9/2025, 6:23 AM
MEXCCONV/USDT068.63662.5957,416.880cex1345/30/2025, 2:00 PM
XT.COMCONV/USDT07.412.0323,037.460cex17/9/2025, 6:21 AM
Gate.ioCONV/ETH00000cex14/8/2025, 6:32 AM
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Convergence FAQ

What is Convergence (CONV)?

Convergence Finance is dedicated to facilitating access to quality projects and Initial DEX Offerings (IDO) by establishing a robust decentralized finance (DeFi) ecosystem within a secure and compliant framework. Utilizing infrastructure powered by its native CONV tokens, the platform ensures cross-chain compatibility to optimize liquidity across various chains, allowing users to engage with private-sale token projects and conduct transactions beyond the ERC20 standard. Convergence Finance distinguishes itself as the first automated market maker (AMM) to render private tokens interchangeable within the DeFi space. It achieves this by fractionalizing tokens through a single, user-friendly interface that is also composable with other DeFi protocols. The platform merges the advantage of lower investment entry barriers with the liquidity, automation, and transparency inherent in DeFi, thereby offering exclusive investment opportunities to all DeFi users. CONV is a utility token designed for multi-chain operations on Ethereum and Moonbeam Network, offering the following functionalities: * Access to premium launchpad subscription pools * Eligibility to earn staking rewards from AMM pools * Governance rights in future protocol DAOs * Utilization as the base token for facilitating future cross-chain swaps

What Distinguishes Convergence?

Backed by both institutional and individual investors such as Hashed, Alameda Research, OKX, Pantera, Divergence Ventures, and Kenetic, Convergence has garnered significant attention and strives to democratize investment by transforming private markets into public ones. Convergence facilitates cross-chain compatibility to enhance liquidity across various blockchains, allowing users to engage in transactions beyond the Ethereum ERC20 standard. Recently, Convergence Finance has expanded its product portfolio from Ethereum to incorporate the Moonriver and Moonbeam ecosystems. This expansion is designed to provide an optimized cross-chain Automated Market Maker (AMM) and launchpad experience, featuring quick confirmations and reduced transaction fees.

Who are the Founders of Convergence?

Oscar and Ivan Yeung are the co-founders of Convergence. Oscar Yeung obtained his degree in finance and international business from NYU Stern and quickly embarked on a career in finance. In 2014, he began working as a global markets analyst at Deutsche Bank. By 2016, Oscar Yeung had established KidHop, an educational platform leveraging technological advancements to facilitate parents' search for various activities for their children. In 2021, Oscar collaborated with Ivan Yeung to establish Convergence. Ivan Yeung represents the other half of the co-founding team of Convergence. He holds a degree in computer science from Simon Fraser University. In 2016, he started his career as an information technology analyst at IBM, remaining with the tech giant for two years. In 2018, Ivan Yeung joined Axon Driver Solutions as a product development lead. Subsequently, in 2019, he became a senior product manager at Liquefy. Since the beginning of 2021, Ivan Yeung has been actively involved in Convergence and its protocol launch.

Where can you purchase Convergence (CONV)?

CONV is presently listed on centralized exchanges such as OKX, Gate.io, MXC, and AscendEX (Bitmax). Additionally, CONV can be swapped on decentralized exchanges, including Uniswap on Ethereum and Convergence Swap AMM on both Ethereum and Moonbeam.

What is the Circulating Supply of Convergence (CONV) Coins?

Convergence has a total supply of 10,000,000,000 CONV tokens. The upcoming Initial Coin Offering (ICO) will include approximately 60,000,000 CONV tokens, representing about 0.6% of the total supply, available for public sale. Currently, Convergence (CONV) has a circulating supply of 448,000,000 tokens. Of the total token supply, approximately 40% will be allocated directly to the Convergence ecosystem. An additional 10% will be distributed among key members of the Convergence community. About 20% of CONV tokens will be set aside for strategic sales and liquidity assurances. The founding team and advisors will receive 10% and 5% of the total token supply, respectively. Finally, 4% of the total supply was allocated to investors during the seed sale for Convergence.

Investors interested in Convergence are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.