The current real-time price of SIMP is $0.0{5}3350. In the past 24 hours, SIMP has traded between $0.0{5}3320 and $0.0000034, showing strong market activity. The all-time high of SIMP is $0.0043, and the all-time low is $0.0{5}3320.
From a short-term perspective, the price change of SIMP over the past 1 hour is , over the past 24 hours is +0.00%, and over the past 7 days is +0.31%. These figures provide a quick overview of the latest price trends and market dynamics of SIMP on LBank.-29.40%
The live price of SIMP today is $0.0{5}3350, with a current market cap of $3,350. The 24-hour trading volume is 17.59. The price of SIMP to USD is updated in real time.
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Before deciding whether to buy or sell SIMP, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SIMP 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 SIMP.
How much will SIMP be worth tomorrow, next week, or next month in ? What about your SIMP assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SIMP Price Prediction
To learn more about SIMP, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
base | 0x05c5...806d63  | 631.717M | 63.17% |
base | 0x9f93...3ee12c | 120.648M | 12.06% |
base | 0x772f...5a1db9 | 52.166M | 5.22% |
base | 0xb191...c160ef | 43.421M | 4.34% |
base | 0xde10...1126b1 | 14.328M | 1.43% |
Other | 137.718M | 13.77% |
Simps (SIMP) is described as a new category of decentralized social network that integrates social media features with financial incentives and blockchain technology. It represents a fusion of user interaction and content sharing with economic systems, rewards, and tokens. The SIMP token aims to be the first currency created by the entertainment industry for creators and fans, providing a stable platform to share content without traditional financial institutions' interventions or high commission rates. It operates on the Binance Smart Chain.
The SIMP token allows creators to accept cryptocurrency as payment for premium content, tips, and recurring monthly or annual subscription charges. It also serves a crucial role as a governance token within the Simps protocol, granting holders the ability to participate in decisions and have a say in its future development and direction.
Ben Sansom is identified as a co-founder of the Simps platform. Other key individuals mentioned as part of the team include James Hague, who serves as the Chief Operating Officer, Thomas Sileghem, and Poppy Evans. The project's whitepaper, which outlines its vision and technical details, was initially released in December 2021.
Simps aims to address challenges within the traditional content creation and entertainment sectors by offering a decentralized solution. It seeks to empower creators and fans to share content and conduct transactions without the typical high commissions or interference from conventional financial institutions. By combining social and financial elements on the blockchain, it intends to create a new type of network with direct economic incentives for its participants.
SIMP is the liquid governance token of the project, meaning it is freely tradable. In contrast, veSIMP stands for vote-escrowed SIMP, which is a non-transferable token. veSIMP is obtained by locking regular SIMP tokens and primarily represents voting power. This mechanism grants veSIMP holders influence over the Simps protocol's governance, allowing them to shape its strategic direction.
While Simps has undergone audits by security firms, it's important to acknowledge that all decentralized finance (DeFi) protocols inherently carry risks. These include potential smart contract bugs and economic exploits. Users are advised to conduct their own thorough research before participating. When staking, users accept the inherent risk that their capital may be utilized to purchase liquidated collateral within the protocol.
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