ARMOR

ARMOR

ARMOR
$0.002335716%-6.14

Key Metrics

Price$0.002335716
Real Volume (24H)$0
Marketcap$554,479.72
Fully Diluted Valuation$5,070,038
ATH$1.95
ATH Date2/4/2021, 10:03:09 AM
ATL$0.00438418
ATL Date10/21/2022, 2:01:45 AM
Circulating Supply237M
Total Supply750M
WebsiteN/A
WhitepaperN/A
Popularity Rank2607
Chart
What is ARMOR?

Armor (ARMOR) is a DeFi protocol designed to provide users with protection for the funds they hold on various DeFi protocols. The platform offers a quick, self-regulating, and pay-as-you-go coverage for users’ funds, with the aim of providing a solution for all types of hacking.

DeFi applications are becoming increasingly popular, but they are also becoming a prime target for hackers. The open-source nature of these protocols means that hackers can easily gain access to them, and the funds they hold, with enormous, immediate payments that can easily be made untraceable. This is where Armor comes in - the platform aims to ensure that users' funds are never at risk, even if the platform they are held on is hacked.

The Armor system is designed to detect any changes in the balance of supported protocols and prompt users to adjust their plans accordingly. If the platform holding the users’ funds is hacked and the claim is approved, they are entitled to complete compensation for their losses. This ensures that users have the maximum protection possible to protect their funds.

Armor also offers protection covers and insurance policies to users in case of such instances. The project works by establishing NFTs in users' accounts representing the taken cover amount, allowing for the accurate tracking of users’ account funds. If the account is hacked during the cover protection, the user can be instantly compensated after the claim approval.

The governance token of Armor is ARMOR, which operates on the Ethereum network. The token provides users with voting rights on the platform, as outlined in the whitepaper of Armor. The maximum total supply of ARMOR is 750 million tokens, and the platform has a team of experienced professionals, including Robert M.C. Forster as the cofounder of Armor-fi, Christopher Hearey as the community manager, Rus Huges as the CTO, Romke Jonker as the development manager, and various other team members.

Armor is an innovative solution for the DeFi ecosystem that provides users with the protection and security they need to safeguard their funds. The platform's unique approach and features make it stand out from the crowd and give users peace of mind when investing in DeFi protocols.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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