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Thrupenny

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Discover Thrupenny's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Thrupenny?

Thrupenny (TPY) is a decentralized finance (DeFi) protocol that offers a smart investment system and a derivatives decentralized exchange on a lending platform. It aims to transform the DeFi space by providing features such as flash loan arbitrage, yield farming, fixed interest rates, and active risk management. The platform is designed to be user-friendly, catering to both experienced and new users, and offers high-yield staking opportunities.

How is Thrupenny used?

Thrupenny (TPY) is a cryptocurrency that operates within a decentralized finance (DeFi) ecosystem. It is designed to transform the DeFi space with its smart investment system and an in-built Derivatives Decentralized Exchange on the lending platform. This allows users to invest, lend, and borrow in a decentralized manner, providing a new way to manage financial assets.

How do I store Thrupenny?

To store Thrupenny (TPY) tokens, you have several options:

  1. Exchanges' Wallets: You can store your TPY tokens on the wallets provided by crypto exchanges such as Binance Wallet. This is a convenient option, but it is considered a "hot wallet" and is connected to the internet, making it more vulnerable to security risks.

  2. Crypto Wallets: You can also store your TPY tokens on crypto wallets like Trust Wallet. These wallets are more secure than exchange wallets but are still connected to the internet, making them "hot wallets."

  3. Cold Wallets: For long-term storage, it is recommended to use "cold wallets" that are totally offline. Cold wallets are the safest way to store your coins or tokens, as they are not connected to the internet and are less susceptible to hacking and other security threats.

How to buy Thrupenny?

To buy Thrupenny (TPY) tokens, you need to follow these steps:

  1. Choose an Exchange: Select a cryptocurrency exchange that operates in your country and supports Thrupenny trading. You can choose from exchanges like Binance, MEXC, or other decentralized exchanges (DEX) that support the blockchain where Thrupenny resides.

  2. Purchase a Base Currency: You cannot buy Thrupenny directly with fiat currency. Instead, purchase a base currency like USDT, BTC, ETH, or BNB that can be easily bought with fiat. This can be done through exchanges that support over-the-counter (OTC) trading services for USDT or other base currencies.

  3. Transfer Base Currency: Transfer the purchased base currency to the exchange that supports Thrupenny trading. Ensure the exchange supports the trading pair you need, such as TPY/USDT.

  1. Buy Thrupenny: Use the transferred base currency to buy Thrupenny tokens in the spot market.

  2. Store Thrupenny: After purchasing, store your Thrupenny tokens securely in a wallet that supports TPY trading, with the expectation that the value will increase.

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History of Thrupenny

Thrupenny (TPY) is a cryptocurrency launched in 2022 and operates on the Ethereum platform. It is designed to be a part of a DeFi ecosystem, featuring a smart investment system and a decentralized derivatives exchange on a lending platform. This project aims to transform the current DeFi space by providing innovative financial tools and services.

Historical Performance

Thrupenny's price history is available from 2022 to the present day. The all-time high for TPY was $3.15, which was reached on January 11, 2024. On the other hand, the all-time low was $0.04072, recorded on June 18, 2024. This significant price fluctuation indicates the volatility of the cryptocurrency market.

Market Data

As of recent data, Thrupenny has a market capitalization of $3,896,638 and a 24-hour trading volume of $3,018,765. The circulating supply of TPY is 87,595,731, with a total supply of 981,831,108 and a maximum supply of 1,000,000,000. The fully diluted market capitalization stands at $44,484,338.

Community and Popularity

Thrupenny is listed on several cryptocurrency exchanges and has a dedicated community following. It is currently ranked #1435 in terms of market capitalization and is included in 957 watchlists, indicating a moderate level of interest among investors.

Investment and Trading

Historical price data for Thrupenny is available for download from various sources, allowing investors to analyze and make informed investment decisions. The cryptocurrency can be traded on multiple exchanges, and its price is updated in real-time to reflect market changes.

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How Thrupenny works

Thrupenny (TPY) is a cryptocurrency designed to revolutionize the decentralized finance (DeFi) sector. It operates on a smart investment system, offering a range of DeFi solutions to the crypto community. Here are the key aspects of how TPY works:

Liquidity Pools and Staking

Users can deposit and stake their TPY and USDC in liquidity pools. The more assets they contribute, the higher the rewards they can earn. By staking, users help maintain the platform's liquidity and receive a share of transaction fees and trade spreads as a reward.

Lending and Borrowing

Thrupenny's lending and borrowing protocol allows users to tap into funds while earning interest on their digital holdings. This protocol stands out by accommodating a variety of mainstream assets and ensuring transparent transactions.

Governance and Voting

TPY holders can participate in the governance system by submitting proposals and voting. This gives them a say in the direction of the platform and its future developments.

Premium Features and Access

TPY holders gain exclusive access to premium features such as higher lending and borrowing limits, community incentives and rewards, and increased reputation and trust within the Thrupenny community. They also have access to exclusive products and services.

Trading and Exchanges

TPY can be traded on various exchanges such as XT.COM, LBank, and MEXC. Users can buy and sell TPY using different order types like Market, Limit, and Stop-limit orders.

Token Utilities

TPY has multiple utilities across the Thrupenny ecosystem. It can be used as collateral for lending and borrowing, for staking to earn rewards, and for participating in yield farming pools. Additionally, TPY holders can access premium features and services within the platform.

Decentralized Exchange (DEX)

Thrupenny has an integrated Decentralized Exchange (DEX) for derivatives, allowing users to trade and manage their assets in a decentralized manner.

Token Supply and Price

The maximum supply of TPY is 1,000,000,000. The price of TPY is expected to rise as demand increases, with predictions suggesting it could reach various levels in the coming years.

Overall, Thrupenny aims to create a decentralized financial universe where individuals and communities have control over their monetary assets, fostering financial inclusion and democracy.

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Thrupenny's strengths

Thrupenny (TPY) has several strengths that contribute to its resilience and growth in the cryptocurrency market:

  1. Strong Fundamentals: Thrupenny has a solid foundation, which includes a decentralized financial infrastructure that offers transparency, accessibility, and trustlessness. This foundation has helped the project weather market challenges and outperform other top tokens like Cardano (ADA) and Polygon (MATIC).

  2. Supportive Community: The community backing Thrupenny is highly supportive, which has played a significant role in its success. This community support is crucial in maintaining investor confidence and driving the token's value forward.

  3. DeFi Solutions: Thrupenny offers a wide range of DeFi solutions, including Flash Loan Arbitrage, Yield Farming, Fixed Interest Rates, Mitigate Overcollaterization, and Active Risk Management. These solutions have helped the project gain traction and attract investors interested in decentralized finance.

  1. Token Utilities: The TPY token has various utilities within the Thrupenny ecosystem. It can be used as collateral for loans, for staking to earn rewards, and for participating in yield farming pools. Additionally, TPY holders can submit proposals and vote in the governance system, giving them a sense of ownership and control.

  2. Premium Features: TPY holders gain access to premium features such as higher lending and borrowing limits, community incentives and rewards, and increased reputation and trust within the Thrupenny community. This adds value to the token and incentivizes users to hold and invest in TPY.

  3. Exchange Listings: Thrupenny has secured listings on several exchanges, including XT.COM, LBank, and MEXC, making it easily accessible to traders and investors.

These strengths have contributed to Thrupenny's ability to withstand market challenges and demonstrate significant price increases, making it an attractive investment opportunity for those interested in decentralized finance and cryptocurrency markets.

Thrupenny's risks

Thrupenny (TPY) is considered a high-risk investment. The risk gauge rank for TPY indicates that it is a high-risk investment, which is particularly important for traders who focus on risk assessment. This means that investors should be cautious and carefully evaluate their risk tolerance before investing in TPY. It is recommended to consult an independent financial adviser prior to making any investment decisions.

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Did Thrupenny raise funds?

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Thrupenny's ecosystem

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Thrupenny’s team

  • Daniel Leong: Co-Founder of Thrupenny (TPY).

Whalee AI

The fundamental analysis assistant for crypto value investors.

Thrupenny NEWS REPORT

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