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SAYVE aims to pioneer the language learning app in the Web3 era, by creating a world where users will be rewarded both financially and practically for their commitment to learning. Users equip their in-game characters with NFTs, allowing them to learn languages. SAYVE users will learn languages while participating in a Metaverse game taking place in the Vox galaxy. Here, an all-powerful AI has unleashed a chaotic language virus across thousands of planets. Players can either join a faction to stop the AI's malefic plans... or aid its efforts. With gaming fun and social interaction combined under the banner of blockchain technology, SAYVE aims to motivate millions towards improving their language, engaging in cultural exchange, and creating a global community.

Sayve Protocol (SAYVE) is a cryptocurrency launched in 2023. SAYVE has a current supply of 100.00M with 0 in circulation. The last known price of SAYVE is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.sayve.money/.

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SAYVE Price Statistics
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Updated Feb 27, 2024 9:21 am
Sayve Protocol
Mkt Cap $0
There's nothing here for now
Curve Finance Founder's Large Token Holdings Lead to Market Panic
Curve Finance Founder's Large Token Holdings Lead to Market Panic
According to Bloomberg, in the cryptocurrency industry, it's typical for founders to accumulate substantial amounts of their project's native token as a stake in the business. This approach, while promoting transparency and offering a more liquid exit strategy, can sometimes lead to complications. For instance, when executives and venture-capital backers hold significant portions of a token, market liquidity can become scarce when they sell. This has led some to resort to unconventional methods to liquidate their holdings. A recent incident involving Curve Finance founder Michael Egorov serves as a prime example. Egorov's trading of nearly $96 million in stablecoin loans was backed by approximately $140 million of his CRV holdings as collateral. This collateral was spread across several DeFi platforms, including Curve's own LlamaLend. However, when the price of CRV plummeted following the hack of a small DeFi lender this month, the value of Egorov's collateral also fell, forcing his positions into liquidation. This forced selling resulted in millions of dollars in bad debt for Egorov and Curve, and triggered widespread market panic among CRV investors. The value of the coin briefly hit a record low following the liquidation. Egorov subsequently sold more CRV tokens in an over-the-counter deal to cover most of Curve's bad debt. In a statement, Egorov confirmed that he personally repaid most of the bad debt and was committed to ensuring that all users could withdraw their deposits without any issues. This incident highlights the challenges faced by crypto founders and early backers when they attempt to realize the value of their holdings. The market's volatility and immaturity often mean that holdings are too dense for buyers to handle when sold in large quantities. This experimental nature of crypto markets allows for such situations, giving buyers, sellers, and builders the freedom to test the boundaries of finance without traditional rules.
Jun 24, 2024 3:33 am

Frequently Asked Questions

  • What is the all-time high price of Sayve Protocol (SAYVE)?

    The all-time high of SAYVE was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Sayve Protocol (SAYVE) is 0. The current price of SAYVE is down 0% from its all-time high.

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  • How much Sayve Protocol (SAYVE) is there in circulation?

    As of , there is currently 0 SAYVE in circulation. SAYVE has a maximum supply of 100.00M.

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  • What is the market cap of Sayve Protocol (SAYVE)?

    The current market cap of SAYVE is 0. It is calculated by multiplying the current supply of SAYVE by its real-time market price of 0.

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  • What is the all-time low price of Sayve Protocol (SAYVE)?

    The all-time low of SAYVE was 0 , from which the coin is now up 0%. The all-time low price of Sayve Protocol (SAYVE) is 0. The current price of SAYVE is up 0% from its all-time low.

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  • Is Sayve Protocol (SAYVE) a good investment?

    Sayve Protocol (SAYVE) has a market capitalization of $0 and is ranked #4055 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Sayve Protocol (SAYVE) price trends and patterns to find the best time to purchase SAYVE.

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