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Locus Chain LOCUS Price

$0.018

-0.15%

$0.018

24h Range

$0.018

Market Cap

$37,954,978.9

Fully Diluted Valuation

$127,667,869.6

24 Hour Trading Vol

$104,902.0

Circulating Supply

2,081,062,787.3

Total Supply

7,000,000,000.0

Max Supply

7,000,000,000.0

Info

LOCUS Price Statistics

Locus Chain Price

$0.018

24h Range

$0.018 - $0.018

Percent Change 1h

-0.06%

Percent Change 24h

-0.15%

Percent Change 7d

-0.85%

All-time high

$0.753

All-time low

$0.00003026

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About Locus Chain

What is Locus Chain (LOCUS)?

Locus Chain (LOCUS) is a blockchain platform designed to facilitate decentralized applications (dApps) and services with a focus on scalability, interoperability, and security. Launched in 2020, Locus Chain employs a unique consensus mechanism known as the Locus Consensus Protocol, which allows for high transaction throughput and low latency. The network aims to provide a reliable environment for developers to build various applications, ranging from finance to supply chain management, while ensuring that users have control over their data.

Who are the Founders of Locus Chain?

The Locus Chain project was co-founded by a group of experienced professionals in the fields of technology and finance. The key figures include Mr. Kyung-Soo Kim, who has extensive experience in IT and blockchain technologies, and Ms. Jin-Sook Park, a veteran in financial services and digital transformation. Their combined expertise has helped shape Locus Chain into a robust platform that addresses real-world challenges in the blockchain space.

How does Locus Chain Work?

Locus Chain operates on a decentralized network of nodes that leverage the Locus Consensus Protocol to process transactions efficiently. This protocol is designed to support a high volume of transactions per second (TPS), exceeding 15,000 TPS in optimal conditions. The architecture employs a layered system, separating transaction processing and smart contract execution, which enhances performance and scalability. Furthermore, Locus Chain incorporates cross-chain functionality, allowing for seamless interactions with other blockchains, thereby expanding its usability and reach.

Key Features of Locus Chain:

  • Scalability: Utilizing sharding techniques to enhance transaction capacity.
  • Interoperability: Enabling communication with various blockchain ecosystems.
  • Security: Employing advanced cryptographic methods to ensure data integrity and protect user information.

Top Use Cases of Locus Chain

Locus Chain is designed to cater to a variety of applications across different sectors. Some of the top use cases include:

  • Decentralized Finance (DeFi): Providing a platform for decentralized exchanges, lending, and borrowing protocols.
  • Supply Chain Management: Enhancing transparency and traceability of products through blockchain tracking.
  • Gaming: Enabling the development of blockchain-based games that incorporate token economies and NFTs.
  • Healthcare: Facilitating secure and efficient sharing of medical records among authorized parties.
  • Identity Verification: Offering a decentralized solution for identity management and verification processes.

How to Keep your Locus Chain Safe?

Ensuring the security of your Locus Chain assets involves a combination of best practices and tools. Here are several essential tips:

  • Use Hardware Wallets: Store your LOCUS tokens in hardware wallets to protect them from online threats.
  • Enable Two-Factor Authentication (2FA): Always activate 2FA on your accounts associated with Locus Chain to add an extra layer of security.
  • Keep Software Updated: Regularly update your wallet and any related software to ensure you have the latest security features.
  • Be Wary of Phishing: Always double-check URLs and avoid clicking on suspicious links to prevent phishing attacks.
  • Backup Your Wallet: Create a backup of your wallet’s recovery phrase and store it in a secure location.

How to Invest in Locus Chain (LOCUS)?

Investing in Locus Chain (LOCUS) or any other cryptocurrency involves several steps:

1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4. Buy Locus Chain: Once your account is funded, you can purchase Locus Chain directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Locus Chain (LOCUS) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Locus Chain using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Locus Chain (LOCUS) in the Long Term?

Locus Chain (LOCUS) is currently trading at $0.018 and exhibits good potential for future growth. Check the latest Locus Chain (LOCUS) price prediction.

FAQs

The current price of Locus Chain (LOCUS) is $0.018. It has decreased by 0.147% over the past 24 hours.
The current market cap of Locus Chain (LOCUS) is $38.0M. It has decreased by 0.147% over the past 24 hours.
The current daily trading volume of Locus Chain (LOCUS) is $104.9K. It has decreased by 49.40% over the past 24 hours.
The all time high for Locus Chain (LOCUS) happened on Jul 10, 2019. It reached a value of $0.753. The percentage change to today's price is -97.58%.
The all time low for Locus Chain (LOCUS) happened on Jan 29, 2020. It reached a value of $0.00003026. The percentage change to today's price is 60,171.9%.
The current fully diluted valuation of Locus Chain (LOCUS) is $127.7M. It has decreased by 0.147% over the past 24 hours.
One Locus Chain (LOCUS) is $0.018
The Locus Chain (LOCUS) Fear and Greed Index currently indicates a bullish market sentiment. Given the inherent volatility and uncertainty within the cryptocurrency market, it is strongly advised to conduct thorough research before making any long-term investment decisions.

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