Rank #577
12,003 people like this
sifchain  (EROWAN)

Sifchain (EROWAN)

$0.099692860814 6.6%
0.00000282 BTC 5.4%
0.00004082 ETH 5.0%
12,003 people like this
$0.093102972026
24H Range
$0.103483
Market Cap $48,721,344
24 Hour Trading Vol $3,273,442
Fully Diluted Valuation $124,344,919
Total Value Locked (TVL) $47,234,888
Fully Diluted Valuation / TVL Ratio 2.63
Market Cap / TVL Ratio 1.03
Circulating Supply 488,710,845
Total Supply 1,247,270,812
Max Supply 1,247,270,812
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EROWAN
USD
USD

Sifchain (EROWAN) Price Chart

Live Chart

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1h
24h
7d
14d
30d
1y
-0.8%
6.6%
-36.0%
-36.1%
-27.7%

EROWAN Price and Market Stats

EROWAN Price $0.099686550743
Market Cap $48,640,815
Market Cap Dominance 0.00%
Trading Volume $3,272,992
Volume / Market Cap 0.0672
24h Low / 24h High $0.093102972026 / $0.103483
7d Low / 7d High $0.091150475021 / $0.155488
Market Cap Rank #577
All-Time High $1.41 -92.9%
Mar 17, 2021 (10 months)
All-Time Low $0.090836299144 9.4%
Jan 22, 2022 (1 day)

Sifchain Coin Price & Market Data

Sifchain price today is $0.099692860814 with a 24-hour trading volume of $3,273,442. EROWAN price is up 6.6% in the last 24 hours. It has a circulating supply of 490 Million EROWAN coins and a total supply of 1.25 Billion. If you are looking to buy or sell Sifchain, Quickswap is currently the most active exchange.

What is Sifchain?

Sifchain aims to be the first Omni-Chain DEX, targeting 20–25 blockchains for cross-chain integration.

The targeted blockchains represent the overwhelming majority of all cryptocurrency trading volume, meaning that the whole cryptocurrencies liquidity can be accessed on-chain through the Sifchain DEX.

As a decentralized exchange, Sifchain combines liquidity pools and order books for optimal order execution, while implementing adaptive AMMs for limit orders and token swaps.

Traders will be able to place limit orders that are executed against the liquidity pool as the market price fluctuates. Sifchain will also allow traders to use margin on their trades by borrowing from the liquidity pool. The interest rate is set based on market demand and liquidity supply.

Liquidity providers are able to add liquidity into Sifchain’s liquidity pools symmetrically or asymmetrically, while front-running in order placements is prevented through a commitment-reveal scheme.

Sifchain allows coordinated deployment of capital by DAOs, and simplifies the process of blockchain integration by lowering the barriers for open-source communities.

What is ROWAN?

Rowan is both Sifchain’s decentralized governance token and settlement token.

Sifchain’s validators can participate in the SifDAO with voting power that is proportional to the amount of Rowan they hold.

Rowan is also the settlement token for each liquidity pool in the Sifchain DEX, meaning that each pool contains Rowan as one asset and an external asset as the other. This means that traders swapping two external assets will use ROWAN as a settlement token.

How does Sifchain work?

Consensus Mechanism

Sifchain is an application-specific blockchain built on top of the Cosmos SDK and uses Tendermint’s consensus mechanism, which provides finality guarantees. This is an important feature for cross-chain token swaps.

Peggy

To accomplish cross-chain support, Sifchain uses a concept called Peggy to create a pegged token model. These peg zones are what allow assets to be easily transferred between Sifchain and external chains. This model is described as a 2-way peg (2WP).

Validator Set

Sifchain validators stake their own Rowan and the Rowan that is delegated to them by other Rowan holders. Sifchain’s consensus set consists of the top 100 validators with the highest quantity of Rowan staked. This validator set is refreshed every block. so that the changes to a validator’s total stake and its participation in the set are reflected almost immediately. There is no explicit minimum stake amount required to be a validator on Sifchain, as the amount staked by the lowest validator in the set serves as an implicit minimum.

Delegation

Any Sifchain user can delegate their tokens to any number of validators on the network. Delegating to a validator entitles the user to gain block rewards by paying a commission fee to the validator. Delegating to a validator does not give that validator direct control over the delegator’s funds. However, the delegator does assume the risk of being slashed if the validator misbehaves.

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