- #1017
Backed GOVIES 0-6 months EURO BC3M Price
Backed GOVIES 0-6 months EURO Price Chart (BC3M)
BC3M Price
BC3M vs. Multi-Chain Platform
Backed GOVIES 0-6 months EURO Detailed Performance
BC3M shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods
BC3M to USD Converter
Price History
- All-Time High
- $151.451.08x to ATH
- All-Time Low
- $125.801.12x to ATL
- Trade Launch Date
- 26 Feb, 2025
618 days ago
What is Backed GOVIES 0-6 months EURO (tokenized bond)?
Backed GOVIES 0-6 months EURO (BC3M) is a real-world asset token that provides on-chain exposure to short-term Eurozone government debt. The protocol bridges traditional fixed-income securities with decentralized finance by wrapping these instruments into a digital format.
Which specific securities does the token track?
The BC3M token tracks the price and yield performance of Eurozone government bonds with remaining maturities between 0 and 6 months. This focus on ultra-short-term debt provides stability and liquidity compared to longer-duration fixed-income assets.
How are the underlying assets secured?
Independent Swiss third-party custodians hold the actual government bonds that back the token on a 1:1 basis. This custodial structure ensures the underlying assets remain bankruptcy remote and segregated from the issuer's corporate balance sheet.
Does the protocol use a fixed issuance model?
The protocol utilizes an elastic issuance model where authorized participants mint new tokens or redeem existing ones based on market demand. This continuous creation and destruction process ensures the token supply dynamically matches the underlying government bond reserves.
On which blockchains is the smart contract deployed?
Developers deployed the contract natively across seven networks: Ethereum, Polygon, Gnosis, Binance Smart Chain, Avalanche C-chain, Base, and Arbitrum One. The identical address 0x2f123cf3f37ce3328cc9b5b8415f9ec5109b45e7 is used on all supported chains and is verifiable on their respective block explorers.
Backed GOVIES 0-6 months EURO (BC3M) Price Live Data
The current price of Backed GOVIES 0-6 months EURO (BC3M) is approximately $140.67, reflecting a decrease of −0.64% in the last 24 hours. The BC3M trading volume in the last 24 hours stands at $0.00. Backed GOVIES 0-6 months EURO's market cap is currently $9.63 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of BC3M is 68,426.30.