Constellation (DAG) Reaches Self Reported Market Capitalization of $36.09 Million

Constellation (DAG) traded down 2.2% against the US dollar during the 24 hour period ending at 10:00 AM Eastern on December 7th. One Constellation coin can now be bought for approximately $0.0126 or 0.00000014 BTC on cryptocurrency exchanges. Constellation has a market capitalization of $36.09 million and approximately $1.36 million worth of Constellation was traded on exchanges in the last day. During the last seven days, Constellation has traded 5.7% lower against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.5% lower against the dollar and now trades at $89,028.40 or 1.00061980 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Constellation Coin Profile

Constellation’s launch date was January 1st, 2018. Constellation’s total supply is 3,003,804,388 coins and its circulating supply is 2,873,448,318 coins. Constellation’s official Twitter account is @conste11ation and its Facebook page is accessible here. The Reddit community for Constellation is https://reddit.com/r/constellation and the currency’s Github account can be viewed here. The official website for Constellation is www.constellationnetwork.io. The official message board for Constellation is medium.com/constellationlabs.

According to CryptoCompare, “Constellation is a Horizontally Scalable Blockchain with mobile support. By “Horizontal Scalable”, is mentioned that Network capacity is proportional to the user adoption, which concedes the network the strength to have more and more users in a medium to far future. Constellation will work with its own smart contacts to support blockchain's microservices. In addition, the platform uses reputation-based incentives in order to remove the costs from transactions fees.The Constellation Network is composed of $DAG nodes, state channel nodes, and ‘hybrid’ nodes, which perform consensus for multiple state channels and $DAG. Each state channel can ‘license’ or share its data to accounts, either by granting access rights via payment in $DAG or a throughput allowance for validating data as a node operator (sole state channel node or hybrid). Hybrid nodes allow for direct license exchange via atomic commits from hybrid nodes.$DAG is the financial state channel of the Constellation Network. It allows for seamless exchange and interaction between the various state channels and nodes that make up the Network. $DAG binds the network components together so that they relate to one another.$DAG provides a second functional value as tokenized throughput or bandwidth on the network. At the same time, basic rate-limited functionality will remain free, allowing users to send single transactions for one-off P2P payments. For any serious data processing or data exchanges, more throughput is needed. This is acquired through $DAG micropayments or by contributing resources as a node operator to the network.The DAG token was  released first as an ERC20 cryptocurrency, now migrated to its own mainnet and become the Constellation native token.”

Buying and Selling Constellation

It is usually not presently possible to buy alternative cryptocurrencies such as Constellation directly using U.S. dollars. Investors seeking to trade Constellation should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Constellation using one of the aforementioned exchanges.

DAG/USD price chart by TradingView