
Y2K priceY2K
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
- Total supply
- 20M Y2K
- Self-reported circulating supply
- 2.18M Y2K
Y2K community
About Y2K
What is Y2K?
Y2K is a cryptocurrency token that functions within the Arbitrum ecosystem, a layer 2 scaling solution for Ethereum that aims to improve its scalability and reduce transaction costs. This token has a fixed supply of 20,000,000 units, indicating a cap on the number of tokens to be created, which can influence its scarcity and value. Y2K facilitates options trading for popular tokens, providing a platform for users to engage in more complex financial instruments within the cryptocurrency market. This aspect of Y2K introduces a level of financial sophistication, allowing users to speculate on future prices or hedge their investments in a decentralized environment.
The token's emission, valued at $605,865.02, reflects the total market value of all Y2K tokens in circulation. This figure is crucial for understanding the market capitalization of Y2K, helping investors gauge its size, stability, and growth potential within the broader cryptocurrency landscape. The trading pairs Y2K/WETH and Y2K/USDC, with respective prices of $0.4131 and $0.6605, show the token's current exchange rate against WETH (Wrapped Ethereum) and USDC (a stablecoin pegged to the US dollar), offering insights into its liquidity and market demand.
Investing in cryptocurrencies, including tokens like Y2K, involves careful consideration and research. The volatile nature of digital assets, along with the complexities of blockchain technology and the specifics of each token, require individuals to thoroughly understand the risks and opportunities before making investment decisions.