Canada Coin (CADAX)
Details about Canada Coin cryptocurrency
Canada Coin
CADAX
Unknown for now
€961
223,733,405,798,500,000
0
Unknown
https://canadacoin.world/
@thecanadacoin
Canada Coin price charts
CADAX exchanges
Canada Coin, the crypto
Canada Coin (CADAX) is a cryptocurrency that aims to be the digital representation of the Canadian dollar. It was created by a Canadian company called Blockchain Venture Capital Inc. (BVCI) and is traded on several cryptocurrency exchanges.
The point
The main point of Canada Coin (CADAX) is to provide a cryptocurrency that is backed by the Canadian dollar. This means that for every CADAX token in existence, there is a corresponding amount of Canadian dollars held in reserve. The goal is to make a cryptocurrency that is stable and reliable, with the added benefits of blockchain technology.
The problem
Canada Coin (CADAX) tries to solve the problem of volatility that is often associated with other cryptocurrencies. By being backed by the Canadian dollar, CADAX aims to maintain a stable value that is not subject to the extreme fluctuations that other cryptocurrencies can experience. This makes it a potentially attractive option for people who want to use cryptocurrency for transactions, but don't want to risk losing value due to market fluctuations.
Compare CADAX and BTC performance
Timeframe | CADAX | BTC |
---|---|---|
1h change | 0 % | -0.158584 % |
24h change | 0 % | 3.27017 % |
7 day change | 0 % | 9.29633 % |
14 day change | 0 % | 2.30959 % |
30 day change | 0 % | 24.6099 % |
200 day change | 0 % | 173.296 % |
Year change | 0 % | 160.06 % |