Powerpool (CVP) is a cryptocurrency project created to address one of the biggest issues faced by Ethereum-based protocols. The PowerPool Coin and protocol aim to solve the management token issue of significant Ethereum-based DeFi projects such as COMP, BAL, LEND, YFI, BZRX, AKRO.
After investors obtain DeFi tokens from various liquidity pools through liquidity mining and yield farming methods, they decide how to use these tokens in potential changes in the network. CVP Coin holders have the largest say in significant changes in the ecosystem, such as adding new pools.
In other words, PowerPool is an entirely community-focused project and even grants authority to the community in liquidity mining. To have a say in these decisions, one must own CVP Coin.
CVP Coin holders can lend their governance tokens to earn more tokens. Later, they can lock these tokens to take out credit or use them for more voting rights in network-related surveys. Thus, CVP Coin has many uses and its price and volume are consequently continuously increasing.
How to buy CVP Coin? Binance stands out as the most popular platform for users in this regard. The liquidity and security offered by Binance are also reasons for investor preference. To buy CVP Coin, you first need to deposit a USD balance on Binance or purchase a cryptocurrency that can be used in its place. Then, simply click on the “Buy Crypto” option and the “Credit/Bank Card” tab on the Binance homepage. After setting your USD amount, you can buy BUSD and then complete your CVP purchase by selecting the CVP/BUSD pair from the “Classic” tab.