The current real-time price of CHFM is $1.3. In the past 24 hours, CHFM has traded between $1.3 and $1.31, showing strong market activity. The all-time high of CHFM is $1.38, and the all-time low is $0.5878.
From a short-term perspective, the price change of CHFM over the past 1 hour is , over the past 24 hours is -0.17%, and over the past 7 days is -0.12%. These figures provide a quick overview of the latest price trends and market dynamics of CHFM on LBank.+3.23%
The live price of CHFM today is $1.3, with a current market cap of $16,263.67. The 24-hour trading volume is 4K. The price of CHFM to USD is updated in real time.
Before deciding whether to buy or sell CHFM, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CHFM technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CHFM.
How much will CHFM be worth tomorrow, next week, or next month in ? What about your CHFM assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CHFM Price Prediction
To learn more about CHFM, consider exploring other resources such as the whitepaper, official website, and other published information:
The Celo Swiss Franc (cCHF) is a digital payment token and a stablecoin designed to track the value of the Swiss Franc (CHF). It operates as an ERC-20 token on the Celo blockchain. Centi, the issuer, positions it as a digital payment token that combines the benefits of cash with the ease of electronic payments, particularly suited for micropayments.
Centi states that it ensures cCHF's stability by offering a 1:1 exchange with CHF, though fees might apply. It is also backed by a Swiss bank guarantee. However, some documentation describes cCHF as a 'robocoin' that tracks the CHF price rather than being a direct 1:1 pegged stablecoin. This means accumulated interest rates can affect the token's value, suggesting cCHF and CHF might not maintain a perfect 1:1 peg over time as with some traditional stablecoins.
While Centi highlights a 1:1 exchange rate within its system and for merchants, cCHF's design as a 'robocoin' implies it tracks the CHF price rather than strictly maintaining a 1:1 peg like other stablecoins. To counter expectations of a direct 1:1 peg, a target ratio for CHF/cCHF is set at approximately 2.71828:1 (Euler's number) by youves.
The Swiss bank guarantee acts as a crucial security feature. It's part of a legally binding agreement between Centi Ltd and each cCHF holder. This contract is enforceable in Swiss courts, allowing holders to raise a claim against the bank guarantee if Centi defaults or if they are otherwise unsatisfied.
cCHF is primarily known as an ERC-20 token built on the Celo blockchain. There have also been mentions of it being issued on the BSV blockchain by Centi, with a specified fractional relationship to CHF. However, current and more prominent information consistently refers to cCHF as a Celo-based token.
cCHF is principally designed to facilitate micropayments and function as a versatile means of payment. Beyond its core payment utility, potential use cases extend to arbitrage trading, capitalizing on price differences, and participating in yield-generating activities like lending or other investment products within the decentralized finance ecosystem.
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