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About MIR

Mirror Protocol (MIR) is a cryptocurrency launched in 2020. MIR has a current supply of 370.58M with 77.74M in circulation. The last known price of MIR is 0.020128332397 USD and is -0.00264686602 over the last 24 hours. It is currently trading on active market(s) with $279,261.38 traded over the last 24 hours. More information can be found at https://mirror.finance.

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MIR Price Statistics
MIR’s Price Today
24h Price Change
-$0.0026468660211.62%
24h Volume
$279,261.3810.65%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.178461102137
Market Dominance
0.00%
Market Rank
#1679
MIR Market Cap
Market Cap
$1.56M
Fully Diluted Market Cap
$7.46M
MIR Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
MIR Supply
Circulating Supply
77.74M
Total Supply
370.58M
Max Supply
0
Updated Jul 05, 2024 7:08 pm
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MIR
Mirror Protocol
$0.020128332397
$0.00264686602(-11.62%)
Mkt Cap $1.56M
There's nothing here for now
The U.S. SEC asks the court to use the Terra case ruling in its lawsuit against Binance
The U.S. SEC asks the court to use the Terra case ruling in its lawsuit against Binance
The U.S. SEC submitted a supplementary basis notice to the court on January 3. The SEC asked the court to consider the ruling in SEC v. Terraform Labs in its lawsuit against defendants including Binance, Binance.US, and CZ because similar arguments exist in those cases. "This view is closely relevant to the court's consideration of defendants BAM Trading Inc and BAM Management US Holdings Inc's motion to dismiss," the SEC said in its filing. In addition, the SEC claimed that if it draws on the findings of the Terra case, the court should deny the above defendants. Seeking a motion to dismiss the lawsuit. The SEC said in the filing that the court defined “investment contract” in the Terra case to reject the defendants’ efforts to “throw aside decades of established law” and that an investment contract does not mean a contract, transaction or plan. In addition, the court also applied the "Howey test" to determine that UST, LUNA, wLUNA and MIR were investment contracts and therefore securities. The SEC said the ruling was related to Binance-related stablecoin BUSD, staking services, BNB Vault and Simple Earn programs. (CoinGape) Previously, in December 2023, Judge Jed Rakoff of the U.S. District Court for the Southern District of New York ruled in a summary judgment that Terraform Labs violated federal securities laws when selling its cryptocurrency to the public because it illegally sold unregistered cryptocurrency securities LUNA and MIR. Summary judgment could impact eventual trial over Terraform Securities violations. At the same time, the judge prevented two other defense witnesses from appearing, one of whom was to testify about the activities of Terraform’s custodial wallet, and the other who was to outline Terraform’s cryptoeconomic system to the jury.
Jan 04, 2024 4:12 pm
Judge Rules in Favor of SEC in Terraform Labs Case, Asserts LUNA and MIR Tokens as Unregistered Securities
Judge Rules in Favor of SEC in Terraform Labs Case, Asserts LUNA and MIR Tokens as Unregistered Securities
According to Blockworks, Judge Jed Rakoff, who is overseeing the US Securities and Exchange Commission's (SEC) case against Terraform Labs and former CEO Do Kwon, has granted a summary judgment in favor of the regulatory agency. The judgment states that both Kwon and Terraform offered and sold unregistered securities, focusing on LUNA and MIR tokens. The SEC argued that the defendants engaged in fraudulent schemes to mislead investors and conducted transactions in unregistered security-based swaps. Rakoff wrote that there is no genuine dispute that UST, LUNA, wLUNA, and MIR are securities because they are investment contracts. He further ruled that Howey's definition of an investment contract is a binding statement of the law. Rakoff found that UST, wLUNA, and the aforementioned LUNA and MIR are investment contracts under the Howey test. The trial will now focus on the fraud claims that the SEC brought against Terraform and Kwon. The SEC filed its charges in February. Rakoff said that Kwon's repeated statements led investors to believe that they could make a profit due to the efforts of Terraform to develop its blockchain. The SEC had asked for the judge to grant a judgment on the securities claims to prevent them from being decided by a jury when the case ultimately proceeds to the courtroom. The filing confirms that jury selection is set to begin on Jan. 24, with the actual trial beginning Jan. 29. Additionally, the court denied a motion from the defendants to exclude two SEC experts, and a motion from the SEC to exclude one expert for the defense. Judge Rakoff did, however, grant the SEC's motion to exclude two other defense experts: Raj Unny and Dr. Christine Parlour.
Dec 29, 2023 6:22 am

Frequently Asked Questions

  • What are Mirrored Assets?

    MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain.

    Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project.

    Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset.

    Mirrored assets provide the following advantages:

    • Global Accessibility: In most markets outside of Europe & North America, access to foreign equities and forex markets is highly limited. Crypto allows global accessibility without entry barriers.
    • Fractional Orders: In traditional finance, to execute a fractional order, multiple fractional orders are bundled together to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time. By utilizing the blockchain, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.
    • Nearly-Instantaneous Order Execution: Oftentimes due to the lack of liquidity (price-time-priority order book algorithm), orders can take up to a day to fully execute. Given the fact that Mirror relies on liquidity provided by each individual asset pool, orders can be executed as fast as the blocktime of the network (~ 6 seconds).
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  • What is the all-time high price of Mirror Protocol (MIR)?

    The all-time high of MIR was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Mirror Protocol (MIR) is 0. The current price of MIR is down 0% from its all-time high.

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  • How much Mirror Protocol (MIR) is there in circulation?

    As of , there is currently 77.74M MIR in circulation. MIR has a maximum supply of 0.

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  • What is the market cap of Mirror Protocol (MIR)?

    The current market cap of MIR is 1.56M. It is calculated by multiplying the current supply of MIR by its real-time market price of 0.020128332397.

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  • What is the all-time low price of Mirror Protocol (MIR)?

    The all-time low of MIR was 0 , from which the coin is now up 0%. The all-time low price of Mirror Protocol (MIR) is 0. The current price of MIR is up 0% from its all-time low.

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  • Is Mirror Protocol (MIR) a good investment?

    Mirror Protocol (MIR) has a market capitalization of $1.56M and is ranked #1679 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Mirror Protocol (MIR) price trends and patterns to find the best time to purchase MIR.

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