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The current real-time price of MIMATIC is $0.3955. In the past 24 hours, MIMATIC has traded between $0.3955 and $0.3955, showing strong market activity. The all-time high of MIMATIC is $1.42, and the all-time low is $0.3178.
From a short-term perspective, the price change of MIMATIC over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is --. These figures provide a quick overview of the latest price trends and market dynamics of MIMATIC on LBank.-2.77%
The live price of MIMATIC today is $0.3955, with a current market cap of $0. The 24-hour trading volume is 1.34. The price of MIMATIC to USD is updated in real time.
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Before deciding whether to buy or sell MIMATIC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s MIMATIC 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 MIMATIC.
How much will MIMATIC be worth tomorrow, next week, or next month in ? What about your MIMATIC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! MIMATIC Price Prediction
To learn more about MIMATIC, consider exploring other resources such as the whitepaper, official website, and other published information:
MAI (MIMATIC) is a crypto-backed stablecoin designed to maintain a soft 1:1 peg with the US Dollar. It is issued through the QiDAO Protocol, an open-source and non-custodial decentralized finance (DeFi) protocol. This innovative stablecoin provides users with a stable digital asset within the broader Web3 ecosystem, offering a reliable medium for various DeFi activities while aiming for price stability against the highly volatile cryptocurrency market.
MAI utilizes an overcollateralization model, requiring users to deposit crypto assets like Polygon (MATIC) or Ethereum (ETH) into vaults, with the collateral value exceeding the minted MAI, typically at least 150%. This mechanism helps ensure stability. The protocol also leverages economic incentives, policy tools controlled by QI token holders, and a Peg Stability Module (PSM) that allows for 1:1 swaps between USD stablecoins and MAI, all contributing to its soft peg to the US Dollar.
The QiDAO Protocol is the decentralized lending platform that facilitates the creation of MAI stablecoins. It operates on a decentralized, community-governed basis, allowing users to obtain 0% interest loans by using their crypto assets as collateral. Established in 2021, QiDAO aims to provide liquid access to crypto holdings without needing to sell them, fostering a more accessible and efficient DeFi environment for its users.
MAI offers diverse applications in DeFi. Users can borrow MAI at 0% interest against their crypto collateral, gaining liquidity without selling assets. It's used for trading on various digital asset platforms, yield generation through lending or staking, and as a stable medium for payments and transfers. Additionally, MAI serves as a hedge against market volatility and integrates with numerous decentralized applications and smart contracts across its supported networks, enhancing its utility across the Web3 space.
MAI initially launched on the Polygon network in May 2021 and has since expanded significantly. It now operates across numerous blockchain networks, including Fantom, Avalanche, Optimism, Arbitrum, Metis, Ethereum, Base, BNB Chain, Gnosis, Linea, Moonbeam, and Moonriver. While it may be referred to in specific contexts like "MAI (Cronos)" for trading on platforms within that ecosystem, its core presence extends across many EVM-compatible chains, demonstrating its broad interoperability in the Web3 landscape.
Despite aiming for stability, MAI and other stablecoins carry risks. These include de-pegging, where MAI might deviate from its 1 USD peg due to market conditions. Collateral volatility is a concern, as underlying volatile assets can lead to issues. Smart contract vulnerabilities pose a risk, although audits are conducted. Users face liquidation risk if collateral values drop. Broader crypto market volatility and increasing regulatory scrutiny also present potential challenges for stablecoin operations and adoption.
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