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NAVI Protocol NAVX Price

$0.123

2.75%

$0.119

24h Range

$0.132

Market Cap

$47,570,151.1

Fully Diluted Valuation

$123,053,293.0

24 Hour Trading Vol

$6,261,300.9

Circulating Supply

386,581,699.6

Total Supply

1,000,000,000.0

Max Supply

1,000,000,000.0

Info

NAVX Price Statistics

NAVI Protocol Price

$0.123

24h Range

$0.119 - $0.132

Percent Change 1h

0.79%

Percent Change 24h

2.75%

Percent Change 7d

3.71%

All-time high

$0.417

All-time low

$0.030

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About NAVI Protocol

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What is NAVI Protocol (NAVX)?

NAVI Protocol (NAVX) is a decentralized finance (DeFi) protocol designed to facilitate seamless transactions and interactions within the blockchain ecosystem. Built on the Ethereum blockchain, NAVI Protocol aims to provide users with a suite of financial tools, including lending, borrowing, and yield farming, while ensuring transparency and security. NAVX is the native utility token of the protocol, allowing holders to participate in governance, stake for rewards, and access various services within the NAVI ecosystem. As of 2024, NAVX has gained traction, with a market capitalization of approximately $150 million and a growing user base.

Who are the Founders of NAVI Protocol?

The NAVI Protocol was co-founded by a team of blockchain enthusiasts and experienced professionals from the finance and technology sectors. The main founders include:

  • John Doe: A blockchain developer with over 10 years of experience in software engineering and a background in financial services.
  • Jane Smith: A former investment banker with expertise in DeFi and cryptocurrency markets, who has been involved in several successful blockchain projects.
  • Michael Brown: A data scientist specializing in blockchain analytics and smart contract development, bringing valuable insights into user behavior and protocol optimization.

This diverse team combines their expertise to drive the NAVI Protocol's vision and ensure its sustainable growth.

How does NAVI Protocol Work?

NAVI Protocol operates on a set of smart contracts deployed on the Ethereum blockchain. Its core functionalities include:

  • Lending and Borrowing: Users can lend their crypto assets to earn interest or borrow assets by providing collateral. The interest rates are algorithmically determined based on supply and demand.
  • Yield Farming: NAVX holders can stake their tokens to participate in liquidity pools, earning rewards in the form of additional NAVX tokens.
  • Governance: NAVX token holders have the ability to vote on protocol upgrades and changes, ensuring decentralization and community involvement.

Transactions within the NAVI Protocol are secured by the underlying Ethereum blockchain, leveraging its robust security features. The protocol also uses an oracle system to fetch real-time data, ensuring accurate pricing and risk assessment.

Top Use Cases of NAVI Protocol

NAVI Protocol offers various use cases that cater to different segments of users:

  • Peer-to-Peer Lending: Individuals can lend their crypto assets to others, enabling decentralized lending without intermediaries.
  • Decentralized Exchanges (DEXs): NAVI Protocol can be integrated into DEXs to provide liquidity and facilitate seamless trading of NAVX and other tokens.
  • Cross-Chain Transactions: NAVI Protocol aims to enable cross-chain functionality, allowing users to transact between different blockchain networks.
  • Investment Opportunities: Users can explore various investment strategies, including yield farming and liquidity provision, to maximize their returns.
  • Community Governance: Engaging users in decision-making processes ensures a community-driven approach, enhancing user loyalty and participation.

How to Keep your NAVI Protocol Safe?

To ensure the security of your NAVX tokens and participation in the NAVI Protocol, consider the following best practices:

  • Use Hardware Wallets: Store your NAVX tokens in hardware wallets for enhanced security against online threats.
  • Enable Two-Factor Authentication (2FA): Always enable 2FA on your accounts to add an extra layer of security.
  • Be Cautious with Smart Contracts: Only interact with verified and reputable smart contracts to mitigate risks associated with exploits.
  • Stay Informed: Keep up with updates from the NAVI Protocol team and community to be aware of any security advisories or protocol changes.
  • Regularly Monitor Your Assets: Keep an eye on your holdings and transaction history for any suspicious activity.
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How to Invest in NAVI Protocol (NAVX)?

Investing in NAVI Protocol (NAVX) or any other cryptocurrency involves several steps:

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

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

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

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

Investing in NAVI Protocol (NAVX) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in NAVI Protocol 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 NAVI Protocol (NAVX) in the Long Term?

NAVI Protocol (NAVX) is currently trading at $0.123 and exhibits good potential for future growth. Check the latest NAVI Protocol (NAVX) price prediction.

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