Have you ever dreamt of creating and selling your own token based on existing tokens like a recipe? Look no further, Circuits Of Value ($COVAL) is here for you to combine tokens together.
1. What is Circuits Of Value ($COVAL)?
Circuits of Value ($COVAL) is an Ethereum token that powers Emblem, a platform where users can create custom combinations of ETH, ERC-20, and NFT tokens into a single, tradable token called a Vault. COVAL can be used to create Vaults and is issued as a reward to liquidity providers.
Multiple incredible use cases exists for COVAL:
This essentially looks like ETFs for stock markets and open the door to various applications.
Value Backed Digital Art: if you want to sell a token backed by crypto punks and BAYC.
Tradable Portfolios: If you want to trade your perfect portfolio of coins altogether, keeping the exact repartition of assets.
Portable Liquidity pools: You can basically create your own liquidity pool based on your aggregated tokens.
Transparent Funds: You can create a completely transparent funds with other investors.
Aggregate Token Creation: Let you take ownership of part of a shared vault.
To do all of this, you can use their app on the Ethereum Mainnet:
And to buy their token, it’s on Uniswap:
2. COVAL as an investment
In term of price, the COVAL token is cheap and volumes didn’t completely die with the bear market, a good sign:
The token is being used more and more, a proof is here:
The market cap of the project is 66 million USD, that’s very-high-risk-very-high-reward type of investment:
3. Conclusion
Circuits Of Value ($COVAL) is the type of investment that will absorb both the growth from DeFi and NFTs. This idea of bringing derivatives to the crypto space and combine tokens together is not new but Circuits Of Value achieved it with a usable app. The small market cap makes it a high risk investment with massive potential return (like Stepn). Also, the current price offers a slightly de-risked entry point. Eventually, the volumes didn’t drop to a no-return point asking the question: why not now?
Thanks for reading.
Disclaimer: this is not financial advice
