Details about Mirrored Amazon cryptocurrency
€53,334 ( -0.07485%)
€4,261
640
640
23.317
Unknown
https://mirror.finance
@mirror_protocol
9904030x
€825105000
Mirrored Amazon price charts
MAMZN exchanges
Mirrored Amazon, the crypto
Mirrored Amazon (MAMZN) is a synthetic asset that is built on the Terra blockchain. It is pegged to the price of Amazon (AMZN) stock and tracks the price movements of the stock in real-time through the use of smart contracts. MAMZN can be traded and held in a similar way to other cryptocurrencies, allowing investors to gain exposure to Amazon's share price without having to buy actual Amazon shares.
The point
The main point of Mirrored Amazon (MAMZN) is to provide investors with a way to gain exposure to Amazon's share price through a decentralized, open-source platform. MAMZN leverages the security and speed of the Terra blockchain to offer a transparent and efficient way to track the price movements of Amazon shares without owning the underlying assets.
The problem
Mirrored Amazon (MAMZN) tries to solve the problem of limited access to the stock market for certain investors. Many investors are unable to invest in stocks like Amazon due to regulatory restrictions or high minimum investment requirements. By offering a synthetic asset that tracks the price movements of Amazon shares, MAMZN provides a way for investors to gain exposure to Amazon's stock price with a lower barrier to entry.
Compare MAMZN and BTC performance
| Timeframe | MAMZN | BTC |
|---|---|---|
| 1h change | 0 % | -0.360343 % |
| 24h change | -0.26 % | -1.34653 % |
| 7 day change | -96.24 % | -8.00126 % |
| 14 day change | -52.3 % | -4.44299 % |
| 30 day change | -97.14 % | -5.81283 % |
| 200 day change | -97.37 % | 128.847 % |
| Year change | -96.9 % | 116.885 % |