About ARMOR
Armor is the first insurance aggregator for DeFi. Leveraging the underwriting capability of Nexus Mutual, it offers pay-as-you-go insurance products and the ability to buy insurance covers without KYC. It is the second iteration of the yInsure product from Yearn Finance. The first iteration of yInsure failed after the yInsure’s founders had a fallout. Yearn Finance chose to partner with COVER instead after the event and leave the yInsure product to Armor. During launch, there are four main products, arNXM, arNFT, arCORE and arSHIELD.
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Market Stats
Market Cap
$54,687.93
0.54%
FDV
$230,370.00
Circulating Supply
237,391,731.727 ARMOR
Max Supply
1,000,000,000 ARMOR
Total Supply
750,000,000 ARMOR
Diluted Valuation
$172,774.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$16.70
11.75%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.000231
Overall Price Change (1Y)
-0.91%
Additional info about ARMOR
Recent trends
The price of ARMOR has decreased by 0.17% in the last hour and increased by 0.54% in the past 24 hours. ARMOR’s price has also fallen by 0.97% in the past week. The current price is $0.000230 per ARMOR with a 24-hour trading volume of $16.70. Currently, ARMOR is valued at 0.48% below its all time high of $0.000231. This all-time high was the highest price paid for ARMOR since its launch. The current circulating supply of ARMOR is 237,391,731.727 ARMOR which means that ARMOR has as total market cap of $54,687.93.
Market details
ARMOR vs markets
↘ 92.51%
ARMOR vs BTC
↘ 93.22%
ARMOR vs ETH
↘ 82.65%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x1337DEF16F9B486fAEd0293eb623Dc8395dFE46a | |
Ethereum | 0xEa5eDef1287AfDF9Eb8A46f9773AbFc10820c61c |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000230 | ↗ 0.54% |
1 Day | $0.000229 | ↗ 0.54% |
1 Week | $0.000233 | ↘ 0.97% |
1 Month | $0.000283 | ↘ 18.47% |
1 Year | $0.0026 | ↘ 91.10% |
FAQ
TheArmor (ARMOR) is a protocol developed to provide protection to the users for the funds held on different DeFi protocols. The protocol aims to offer a solution for any type of hacking, thereby enabling a quick, self-regulating, and pay-as-you-go coverage for users’ funds. The Armor system claims to detect any types of changes in the balance on supported protocols and prompts users to adjust their plans accordingly. Besides, if the platform that holds the users’ funds is hacked and the claim is approved, they are entitled to get complete compensation for the losses.
DeFi applications are the most appealing targets for hackers. The open-source software can provide hackers with enormous, immediate payments that can easily be made untraceable. Considering this, users need the maximum protection feasible to protect their funds. Thus, Armor aims to ensure that whatever funds a user has on a hacked platform will be properly returned in the simplest way possible, ensuring that their funds are never at risk.
Even the Armor seeks to provide protection covers and insurance policies to the users due to such instances. The project works by establishing the NFTs in the users' accounts representing the taken cover amount. Consequently, it aims to track the accurate information of users’ account funds. If the account gets hacked during cover protection, then it can be instantly compensated after the claim approval.
As per the whitepaper of Armor, it has the governance token 'ARMOR.' The token operates on the Ethereum network. The token provides users with some voting rights on the platform.
The Armor (ARMOR) token was launched on January 23, 2021. Robert M.C. Forster is the cofounder of Armor-fi. The maximum total supply of the ARMOR is 750 million tokens.Moreover, the platform has Christopher Hearey (community manager), Rus Huges (CTO), Romke Jonker (development manager), and various other team members.
We update our ARMOR to USD currency in real-time. Get the live price of ARMOR on Coinbase.
The current market cap of ARMOR is $54.69K. A high market cap implies that the asset is highly valued by the market.
The all-time high of ARMOR is $0.000231. This all-time high is highest price paid for ARMOR since it was launched.
Over the last 24 hours, the trading volume of ARMOR is $16.70.
Assets that have a similar market cap to ARMOR include Mindscraft, Aave v3 LUSD, Celo (Wormhole), and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of ARMOR is 237 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#5595
Contributors
9,226
Posts
11,702
% About ARMOR
0%
Articles
12
Hold times
0 days
X (Twitter)
10.23% bullish
Sentiment
0.0 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
9,226 unique individuals are talking about ARMOR and it is ranked #5,595 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, ARMOR has an average sentiment score of 0 out of 5. Finally, ARMOR is becoming less newsworthy, with 12 news articles published about ARMOR.
On Twitter, people are mostly neutral about ARMOR. There were 38.22% of tweets with bullish sentiment compared to 273.72% of tweets with a bearish sentiment about ARMOR. 61.78% of tweets were neutral about ARMOR. These sentiments are based on 1038 tweets.
On Reddit, ARMOR was mentioned in 3412 Reddit posts and there were 288126 comments about ARMOR. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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ARMOR calculator
1 ARMOR (ARMOR) to Canadian Dollar (CAD)
CA$0.000319
1 ARMOR (ARMOR) to Real (BRL)
R$0.0013
1 ARMOR (ARMOR) to Euro (EUR)
€0.000202
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.