Saturday, April 20, 2024
by Hideo Nakamura
Rank #1659
Voice (VOICE)

Voice VOICE

$ 177.86
0.00278651 BTC
Marketcap
$ 6,249,125
Volume (24h)
$ 450
Circulating Supply
35,134 VOICE
Total Supply
44,612 VOICE
All time high price: $ 562.52 68.38%
All time high date: January 2, 2022
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* Currency in USD
Historical Price for Voice
DateOpenCloseHighLowVolume
Voice Markets
#SourcePairVolumePriceChangeUpdated
VOICE

Voice (VOICE) price has decreased -1.06% today!

Voice (VOICE) is a cryptocurrency that operates on a blockchain. Currently, it is trading at $ 177.86 and a market capitalization of $ 6,249,125. The price of Voice has decreased -1.06% in the last 24 hours. Currently, Voice ranks #1659 among all cryptocurrencies by market capitalization and has a daily trading volume of $ 450.

VOICE is one of two tokens powering the Mute.io ecosystem, both of which have very distinct roles and benefits.

AMM style decentralised exchanges are a fantastic innovation and have opened up decentralized trading for the masses, but anyone who has traded on ETH based AMMs know they come with issues.

Gas fees – In the last 18 months we have seen an explosion of projects being developed on Ethereum blockchain, especially in the paradigm changing decentralised finance (DeFi) arena. The exponential growth of on chain traffic has also led to an exponential growth in transaction fees. With an average tx fee now being in excess of $20 it is becoming prohibitive to move around or trade small amounts of tokens.

• Privacy – Whilst many may not currently care about others being able to track their day to day trades and link transaction histories and wallets, this information shouldn’t have to be given up by default. You wouldn’t expect a cashier to be able to see what items you bought over the last year, or for a car park attendant to see your bank balance. Your trading history should come with similar privacy as your personal banking does.

Front running – Due to the requirement for blocks to confirm, it is possible for bots/pools to monitor large transactions in the mempool that will influence the price of an ERC20 asset and then place buy or sell orders in front of these transactions thus profiting greatly, and making the end user suffer from a worse trading price (selling for lower, or buying for higher)

 

Mute Switch – AMM L2 dApp Mute switch is our solution to these problems. Mute Switch is a Layer 2 AMM being developed using the latest generation of ZK proof technology. The initial release will utilise ZK rollups which will see gas prices reduced by 100x , making trading on ETH once again affordable for all. Later releases will also utilise a new implementation which will allow trades to be executed at fixed cost and enhanced privacy.

ZK proofs are naturally privacy preserving. All transactions carried out on L2 are invisible on L1 thus concealing your trading history. This also makes Mute Swich front running resistant -. Traders will no longer lose out to bots when placing large trades or trades requiring high slippage.

VOICE— a deflationary governance token

VOICE is the governance token for the whole ecosystem and works in tandem with MUTE to create a community governed DAO which will steer the permissionless ZK-Rollup DEX as well as the future direction of the wider ecosystem. Holders of 500 Voice can create and vote on proposals using the intuitive governance dApp Voice Control.

Users can earn additional VOICE by providing liquidity on Uniswap and then staking these LP tokens, with a minor tax on LP token withdrawals getting permanently locked in the liquidity pool, supporting an ever-increasing price floor.

The non-inflationary supply is complimented by an innovative economic model that includes the combination of buy backs, coin burns, a smart treasury and vaults.

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