$SCRT SCRT Coin, fully known as Secret Network, is a blockchain project focused on privacy protection. Below are some key information about SCRT Coin:
• Project Background and Introduction:
• Secret Network is the first blockchain with privacy-preserving smart contracts running on the mainnet, combining the best features of decentralized, open-source networks and blockchain, with advantages in data privacy and improved usability.
• Secret Network is built on the Cosmos/Tendermint framework, allowing various organizations and individuals to participate in the community and network of the platform.
• SCRT Token Usage:
• SCRT tokens exist for interactions with smart contracts on the Secret Network, minting default private tokens, encrypted to ensure anonymity and confidentiality. Viewing token balances, transaction details, and token metadata requires accessing the keys.
• Secret tokens can be used within the Secret Network ecosystem, more so in the fields of Secret Finance and Secret NFTs.
• Economic Model Analysis:
• The total supply of SCRT is 190 million coins, with token utilities including staking, governance token voting, and payment of network transaction fees.
• Secret Network employs inflation, block rewards, and staking to reduce the likelihood of system attacks under the PoS consensus mechanism. The target inflation rate for Secret is 15%, expected to rise to 20% if less than 67% of the supply is staked, and gradually decrease to 7% when staking exceeds 67%.
• SCRT Coin Trading and Circulation:
• SCRT tokens can be traded on Binance, Mandala Exchange, Huobi Global, Gate.io, and MEXC.
• The total circulating supply of SCRT is 291.28 million SCRT, with a total issuance of 307.385 million SCRT.
• SCRT Coin Market Value and Price:
• The price of SCRT today is 0.49124, with a 24-hour trading volume of 126.136 million. SCRT has increased by 124.08% in the past 24 hours.
• SCRT Coin's Privacy Features:
• Secret Network prevents validation nodes and blockchain analysis tools (such as block explorers) from viewing transaction data by hiding it, thereby preventing validation nodes from reordering transactions or conducting MEV attacks. Therefore, the metadata of transactions on the Secret Network is private by default.
