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CVGT
Convergent price

GEa9FU...PUMP
₺0.00016476
-₺0.00803
(-97.99%)
Price change for the last 24 hours
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CVGT market info
Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Market cap = Circulating supply × Last price
Network
Underlying blockchain that supports secure, decentralized transactions.
Circulating supply
Total amount of a coin that is publicly available on the market.
Liquidity
Liquidity is the ease of buying/selling a coin on DEX. The higher the liquidity, the easier it is to complete a transaction.
Market cap
₺1.65M
Network
Solana
Circulating supply
10,000,000,000 CVGT
Token holders
260
Liquidity
₺493.69K
1h volume
₺95.05M
4h volume
₺228.67M
24h volume
₺228.67M
Convergent Feed
The following content is sourced from .

看不懂的sol
What are the opportunities for the application of the US dollar stablecoin mechanism in the SOL ecosystem and the legislative context?
The US dollar stablecoin mechanism and the currency multiplier effect
The operating mechanism of stablecoins is to issue a $1 stablecoin (such as USDC) without destroying the original $1, allowing it to continue to flow in specific markets (such as the U.S. Treasury market), thereby achieving a currency multiplier effect and increasing market liquidity without triggering inflation or depreciation.
This mechanism is applied to the stablecoin USV in the Solana ecosystem, which mints USV by pledgeing SOL to improve capital efficiency by "one SOL becomes two SOL".
Users can earn income by staking SOL and use USV to participate in the DeFi ecosystem and earn additional returns.
Stablecoin legislation and the impact of the Crypto market
The United States is rapidly advancing the Stablecoin Legislation to activate the "currency rights" narrative, aiming to build it into a form of dollars in the crypto "parallel world" by controlling the issuance of stablecoins. Its core objectives include:
· Control Crypto Dollar Capital: Gain control over stablecoin issuance through legislation and compliance, guiding market asset prices.
· Expand US Dollar Liquidity: Enhance the global influence of the US dollar, prevent capital flight, and attract offshore capital.
· Short-term benefits: Legislation promotes capital flows and active markets, promoting rapid industry expansion, but we need to be vigilant against bubble risks.
The first stablecoin stock Circle (USDC issuance) U.S. stocks quadrupled in three days on the market, setting a new record for the highest three-day increase in a large IPO since 2020.
The differentiation between centralized and decentralized stablecoins
Stablecoin legislation will drive market differentiation, forming two camps:
· Centralized stablecoins: such as USDC, which are compliant, secure, and have strong endorsements, but are deeply bound to the US dollar interest system and are subject to US judicial supervision.
· Decentralized stablecoins: such as DAI, which are pegged to the US dollar but more flexible, have strong DeFi attributes, and are not subject to US regulations.
At present, decentralized stablecoins (such as DAI and LUSD) are mainly concentrated on the Ethereum (ETH) network, with a total of about $70 billion in ETH stablecoins, while Solana (SOL) is only about $4 billion, and more than 90% are centralized stablecoins such as USDT and USDC. The SOL ecosystem is less decentralized, but has great potential.
So what are the current opportunities in the SOL ecosystem?
Front-end time saw @CryptoPainter_X artists they shared a project@convergent_so This is a project to develop decentralized stablecoins in the Solana ecosystem, trying to create a native decentralized stablecoin USV through binding with Jito and Pyth to fill the market gap in the SOL ecosystem.
Convergent mechanism
· Core Process:
Users stake SOL → stake to mint USV → for JitoSOL → for DeFi scenarios (e.g., trading, LP).
USV lending has 0 interest rates, and users can earn staking income, MEV income, and USV DeFi income at the same time.
· Key links:
Jito: Provides SOL staking, with a current pledge of 18 million SOL (approximately US$3.2 billion) and an annualized return of up to 8%.
Nexus: USV is deposited into Nexus for arbitrage as a liquidity reserve to guarantee the solvency of the system. Users can receive liquidation yields (in the form of JitoSOL) and $CVGT token rewards, and can claim rewards without withdrawing USV.
· Advantage:
Bind to JTO and take advantage of its LST (Liquid Staking Token) advantages to increase liquidity.
Combined with Pyth oracle support, it ensures stable operation of DeFi.
Solve the compound interest needs of SOL holders and improve capital efficiency.
At present, this platform is the first to be issued
Convergent's Governance Token $CVGT (CA: B7zNKphr8fjczB71oi9uF9pCd5XSNJvBn78TVF7kpump)
· Overview: Convergent's governance token, with a market capitalization of about $2.5 million and 2,300 holders, has not yet been listed on the exchange, is in the early stages, and has experienced a long period of washing, and its current position can be said to be relatively ideal.
· Potential: Strongly bound to JTO, backed by SOL officials and Jito Labs, valuation growth space is large. If it can become the leader of SOL decentralized stablecoins, it may eat the increase in the LST market (the SOL pledge rate is only 4.5%, a 10-fold gap compared to ETH).
· Current situation: Marketing efforts are low, Twitter operations are relatively low-key, and project development is slightly conservative.
Ecological comparison between ETH and SOL
ETH:
Total stablecoin supply: $70 billion.
Ecology: High degree of decentralization, complete ecology, and concentration of mainstream decentralized stablecoins.
Centralized dependency: Medium.
SOL:
Total stablecoin supply: $4 billion.
Ecology: Primary decentralization, highly dependent on USDT and USDC.
Potential: High performance, low fees, suitable for DeFi development, but need to enhance the stock of decentralized stablecoins and LSTs.
If SOL wants to catch up with ETH, it needs to make efforts in the DeFi field, focusing on the development of decentralized stablecoins and LSTs to get rid of centralized dependence.
Opportunities and challenges
opportunity
· Legislative differentiation: If centralized stablecoins are strengthened under regulation, funds that do not want to be regulated may flow into the SOL ecosystem, increasing demand for decentralized stablecoins.
· LST potential: The SOL pledge rate is low, and the LST market has a lot of room for growth, and Convergent can use JTO's US$3.2 billion pledge to expand rapidly.
· DeFi demand: Although the popularity of DeFi is low in this cycle, the market demand is stable, and SOL's high-performance characteristics are suitable for carrying DeFi innovation.
· Convergent's Alpha Potential: Low market capitalization, early stage, strong background support (JTO, Pyth, SOL official), if developed smoothly, may become a benchmark for SOL decentralized stablecoins.
challenge
1. Legislative risks: If the United States promotes stablecoins to be backed by the US dollar, centralized stablecoins (such as USDT) may be impacted, and decentralized stablecoins need to deal with regulatory pressure.
2. Protocol depth: Whether Convergent's TVL and liquidation mechanism are sufficient to deal with the "black swan" event.
3. Incentive model: You may face arbitrage risks in the early stage, leading to wool being harvested.
4. JTO dependence: Over-reliance on JTO may form a single point of risk.
5. Competitive pressure: ETH stablecoins may grab SOL market share through bridging, and SOL needs to grasp the pace of development.
summary
The Stablecoin Legislation will reshape the Crypto market pattern, promote industry expansion in the short term, and observe the impact of differentiation in the long term. SOL ecosystem passed
Projects such as Convergent, with the help of infrastructure such as Jito and Pyth, are expected to fill market gaps and enhance DeFi competitiveness. As a low-cap alpha project, $CVGT has the potential for valuation growth, but it needs to deal with multiple challenges such as legislation, protocol design and competition.
In the next five to ten years, the SOL ecosystem is expected to achieve breakthroughs in the DeFi field with the advantages of high performance and low fees, and investors can pay attention to its development dynamics while maintaining vigilance against risks.
Show original
26.93K
61

看不懂的sol
What are the opportunities for the application of the US dollar stablecoin mechanism in the SOL ecosystem and the legislative context?
The US dollar stablecoin mechanism and the currency multiplier effect
The operation mechanism of US dollar stablecoins is to issue 1 US dollar stablecoins (such as USDC) without burning the original 1 US dollar, so that it continues to flow in specific markets (such as the US Treasury market), thereby achieving a currency multiplier effect and increasing market liquidity without triggering inflation or depreciation.
This mechanism is applied to the stablecoin USV in the Solana ecosystem, which mints USV by pledgeing SOL to improve capital efficiency by "one SOL becomes two SOL".
Users can earn income by staking SOL and use USV to participate in the DeFi ecosystem and earn additional returns.
Stablecoin legislation and the impact of the Crypto market
The United States is rapidly advancing the Stablecoin Legislation to activate the "currency rights" narrative, aiming to build it into a form of dollars in the crypto "parallel world" by controlling the issuance of stablecoins. Its core objectives include:
· Control Crypto Dollar Capital: Gain control over stablecoin issuance through legislation and compliance, guiding market asset prices.
· Expand US Dollar Liquidity: Enhance the global influence of the US dollar, prevent capital flight, and attract offshore capital.
· Short-term benefits: Legislation promotes capital flows and active markets, promoting rapid industry expansion, but we need to be vigilant against bubble risks.
The first stablecoin stock Circle (USDC issuance) U.S. stocks quadrupled in three days on the market, setting a new record for the highest three-day increase in a large IPO since 2020.
The differentiation between centralized and decentralized stablecoins
Stablecoin legislation will drive market differentiation, forming two camps:
· Centralized stablecoins: such as USDC, which are compliant, secure, and have strong endorsements, but are deeply bound to the US dollar interest system and are subject to US judicial supervision.
· Decentralized stablecoins: such as DAI, which are pegged to the US dollar but more flexible, have strong DeFi attributes, and are not subject to US regulations.
At present, decentralized stablecoins (such as DAI and LUSD) are mainly concentrated on the Ethereum (ETH) network, with a total of about $70 billion in ETH stablecoins, while Solana (SOL) is only about $4 billion, and more than 90% are centralized stablecoins such as USDT and USDC. The SOL ecosystem is less decentralized, but has great potential.
So what are the current opportunities in the SOL ecosystem?
Front-end time saw @CryptoPainter_X artists they shared a project@convergent_so This is a project to develop decentralized stablecoins in the Solana ecosystem, trying to create a native decentralized stablecoin USV through binding with Jito and Pyth to fill the market gap in the SOL ecosystem.
Convergent mechanism
· Core Process:
Users stake SOL → stake to mint USV → for JitoSOL → for DeFi scenarios (e.g., trading, LP).
USV lending has 0 interest rates, and users can earn staking income, MEV income, and USV DeFi income at the same time.
· Key links:
Jito: Provides SOL staking, with a current pledge of 18 million SOL (approximately US$3.2 billion) and an annualized return of up to 8%.
Nexus: USV is deposited into Nexus for arbitrage as a liquidity reserve to guarantee the solvency of the system. Users can receive liquidation yields (in the form of JitoSOL) and $CVGT token rewards, and can claim rewards without withdrawing USV.
· Advantage:
Bind to JTO and take advantage of its LST (Liquid Staking Token) advantages to increase liquidity.
Combined with Pyth oracle support, it ensures stable operation of DeFi.
Solve the compound interest needs of SOL holders and improve capital efficiency.
At present, this platform is the first to be issued
Convergent's Governance Token $CVGT (CA: B7zNKphr8fjczB71oi9uF9pCd5XSNJvBn78TVF7kpump)
· Overview: Convergent's governance token, with a market capitalization of about $2.5 million and 2,300 holders, has not yet been listed on the exchange, is in the early stages, and has experienced a long period of washing, and its current position can be said to be relatively ideal.
· Potential: Strongly bound to JTO, backed by SOL officials and Jito Labs, valuation growth space is large. If it can become the leader of SOL decentralized stablecoins, it may eat the increase in the LST market (the SOL pledge rate is only 4.5%, a 10-fold gap compared to ETH).
· Current situation: Marketing efforts are low, Twitter operations are relatively low-key, and project development is slightly conservative.
Ecological comparison between ETH and SOL
ETH:
Total stablecoin supply: $70 billion.
Ecology: High degree of decentralization, complete ecology, and concentration of mainstream decentralized stablecoins.
Centralized dependency: Medium.
SOL:
Total stablecoin supply: $4 billion.
Ecology: Primary decentralization, highly dependent on USDT and USDC.
Potential: High performance, low fees, suitable for DeFi development, but need to enhance the stock of decentralized stablecoins and LSTs.
If SOL wants to catch up with ETH, it needs to make efforts in the DeFi field, focusing on the development of decentralized stablecoins and LSTs to get rid of centralized dependence.
Opportunities and challenges
opportunity
· Legislative differentiation: If centralized stablecoins are strengthened under regulation, funds that do not want to be regulated may flow into the SOL ecosystem, increasing demand for decentralized stablecoins.
· LST potential: The SOL pledge rate is low, and the LST market has a lot of room for growth, and Convergent can use JTO's US$3.2 billion pledge to expand rapidly.
· DeFi demand: Although the popularity of DeFi is low in this cycle, the market demand is stable, and SOL's high-performance characteristics are suitable for carrying DeFi innovation.
· Convergent's Alpha Potential: Low market capitalization, early stage, strong background support (JTO, Pyth, SOL official), if developed smoothly, may become a benchmark for SOL decentralized stablecoins.
challenge
1. Legislative risks: If the United States promotes stablecoins to be backed by the US dollar, centralized stablecoins (such as USDT) may be impacted, and decentralized stablecoins need to deal with regulatory pressure.
2. Protocol depth: Whether Convergent's TVL and liquidation mechanism are sufficient to deal with the "black swan" event.
3. Incentive model: You may face arbitrage risks in the early stage, leading to wool being harvested.
4. JTO dependence: Over-reliance on JTO may form a single point of risk.
5. Competitive pressure: ETH stablecoins may grab SOL market share through bridging, and SOL needs to grasp the pace of development.
summary
The Stablecoin Legislation will reshape the Crypto market pattern, promote industry expansion in the short term, and observe the impact of differentiation in the long term. SOL ecosystem passed
Projects such as Convergent, with the help of infrastructure such as Jito and Pyth, are expected to fill market gaps and enhance DeFi competitiveness. As a low-cap alpha project, $CVGT has the potential for valuation growth, but it needs to deal with multiple challenges such as legislation, protocol design and competition.
In the next five to ten years, the SOL ecosystem is expected to achieve breakthroughs in the DeFi field with the advantages of high performance and low fees, and investors can pay attention to its development dynamics while maintaining vigilance against risks.
Show original
9.58K
0

anymose🐦⬛
Even the village chief is asking how to make money with stablecoins. Should we just buy USDT?
Today, Messari released a 128-page report titled "The State of Stablecoins," and the China Merchants Research Institute also published a similar report. Nowadays, if you don't mention stablecoins, you might feel embarrassed to greet someone.
I learned a lot from the report. Stablecoins can be divided into payment, trading, and yield types. Wow, there are so many kinds of stablecoins?
Let's dive in!
⬇️
The three types of stablecoins mainly differ in the types of assets they are pegged to and their pegging methods.
Most payment and trading stablecoins are still aimed at compliance, usually pegged 1:1 to endogenous assets like the former UST or permissioned assets like DAI and USDC. However, many people are not familiar with yield-type stablecoins.
What keeps yield-type stablecoins "stable"? The answer lies in arbitrage, redemption, and dynamic fees, driven by actual yield rates, and they are 100% decentralized. If we were to find a comparable concept, it would be akin to hedging spot leverage.
That sounds too abstract; let me give you an example.
▰ Users deposit SOL into Jito and receive JitoSOL.
▰ Users mint USV with 0 interest using JitoSOL.
This way, we get the DeFi native stablecoin $USV, which improves capital efficiency, generates real yields, is completely decentralized, and can effectively resist de-pegging. $USV is a yield-type stablecoin solution created by @convergent_so, powered by two absolute giants in the Solana ecosystem, @jito_sol and @PythNetwork.
Interestingly, $USV hasn't launched yet, but Convergent has already fairly launched a platform token $CVGT, with no pre-sale, no VC, and no lock-up, 100% fair launch, and the CA ending with pump:
B7zNKphr8fjczB71oi9uF9pCd5XSNJvBn78TVF7kpump
I thought it was a low-quality project, but after checking, both Jito and Pyth's official Twitter accounts have retweeted and interacted, confirming its legitimacy.
CVGT is a governance token for the platform and can be considered a cold start. I haven't seen it anywhere else, so I don't know if it's intentionally low-key or just the rhythm of the market. It rose to $8 million and has now fallen back to $2.4 million, having washed out. Currently, the official Twitter is active again, possibly indicating that USV is launching soon.
If the popularity of stablecoins doesn't wane, as a yield stablecoin supported by the two major giants in the Solana ecosystem, $USV should have some movements, and the platform token CVGT can benefit from the issuance and redemption fees of the stablecoin, which is undoubtedly a huge advantage.
However, all innovations are not easy. Compared to those stablecoins that everyone can understand at a glance, Convergent is worth paying attention to.
This is a soft-core popular science article. Through this article, you can gain a basic understanding of the following knowledge:
▰ What are yield-type stablecoins?
▰ How does Convergent create stablecoins?
▰ Projects without VCs are considered low-quality (not really).
Author: anymose | A soft-core popular science writer <End of full text>
* This article is for informational purposes only and does not constitute any investment advice. Always remember to DYOR!
Show original
26.12K
74

Henry_科崽
In the early morning of last night, Ke Cub's "Membership Contract Group" shouted $CFX
In the early morning, WeChat dog fighting second group allows everyone to move their fingers to participate in the interaction of $CVGT official push, and you can receive airdrops, with a single number of 40U💰
The wealth effect of the cub is in the small circle, if you want to get some gossip in the future, please interact with this tweet 🙏
Show original

12.3K
1
CVGT price performance in TRY
The current price of convergent is ₺0.00016476. Over the last 24 hours, convergent has decreased by -97.99%. It currently has a circulating supply of 10,000,000,000 CVGT and a maximum supply of 10,000,000,000 CVGT, giving it a fully diluted market cap of ₺1.65M. The convergent/TRY price is updated in real-time.
5m
-84.51%
1h
-87.64%
4h
-97.99%
24h
-97.99%
About Convergent (CVGT)
Convergent FAQ
What’s the current price of Convergent?
The current price of 1 CVGT is ₺0.00016476, experiencing a -97.99% change in the past 24 hours.
Can I buy CVGT on OKX TR?
No, currently CVGT is unavailable on OKX TR. To stay updated on when CVGT becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of CVGT fluctuate?
The price of CVGT fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
How much is 1 Convergent worth today?
Currently, one Convergent is worth ₺0.00016476. For answers and insight into Convergent's price action, you're in the right place. Explore the latest Convergent charts and trade responsibly with OKX TR.
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When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Convergent have been created as well.
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Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.