Contentos price is up over 30% today, currently trading at $0.029. With a market cap of $99.48 million and a 24-hour trading volume of $102 million, Contentos is making big moves today. This article looks at Contentos and see why the price is rising.
What Is Contentos?
Contentos describes itself as a decentralized global content ecosystem. According to its official website:
“The vision of Contentos is to build a “decentralized digital content community that allows content to be freely produced, distributed, rewarded, and traded, while protecting author rights”. Contentos strives to incentivize content creation and global diversity and return the rights and value of content to users.”
Contentos features include a P2P Revenue distribution system, which keeps the value of creation open, transparent and returns rewards directly to its users.
In addition, Contentos includes a decentralized traffic distribution network, trackable copyright transactions, and immutable credit systems.
One of Contentos’ biggest apps is Cos.TV, the first video platform powered by the Contentos blockchain. Cos.TV allows users to watch videos, share content, and get rewarded with COS.
COS is the native cryptocurrency to the Contentos platform that operates on the Binance Chain (BEP2)
Why Is Contentos Price Rising?
In recent news, Contentos Co-Founder & CEO Mick Tsai had an AMA with Coin Mühendisi, a Turkish community. The founder introduced Contentos to the community, mentioning their NFT and Metaverse plans.
It seems the AMA went well as Contentos price registered a sharp increase shortly after.
In other news, Contentos announced on Twitter their partnership with the Japanese NFT Entertainment and Experience project called HUG HUG COIN.
We are excited to announce our partnership with Japanese #NFT Entertainment and Experience project @HUGHUG_coin!
Together we will explore more decentralized content possibilities on Web 3.0 with https://t.co/TjYXETNpNN and HUGHUG! pic.twitter.com/3JoWdfxRyt
— Contentos (@contentosio) December 2, 2021
According to their tweet, the partnership will help develop Web 3.0 possibilities for COS.TV and HUG HUG.
Contentos Price & Tokenomics
At the time of writing, COS is trading at $0.02796, up 34.98% in the past 24 hours. Contentos has a market cap of $102 million, with a 24-hour trading volume of $122 million.
COS has a total supply of 9.9 billion, with a circulating supply of 3.64 billion. You can purchase COS on Binance, Bithumb, Gate.io, Binance DEX, and more.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.