Constellation Self Reported Market Cap Hits $78.09 Million (DAG)

Constellation (DAG) traded 1.9% higher against the dollar during the 24 hour period ending at 17:00 PM E.T. on May 26th. One Constellation coin can currently be purchased for $0.0337 or 0.00000126 BTC on popular cryptocurrency exchanges. During the last week, Constellation has traded 0.5% lower against the dollar. Constellation has a market capitalization of $78.09 million and $314,440.34 worth of Constellation was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 0% higher against the dollar and now trades at $0.34 or 0.00001257 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded 1.7% lower against the dollar and now trades at $0.0017 or 0.00000006 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.4% against the dollar and now trades at $0.0004 or 0.00000002 BTC.
• Lego Coin (LEGO) traded 25.2% higher against the dollar and now trades at $0.0198 or 0.00000074 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.4% lower against the dollar and now trades at $0.0089 or 0.00000033 BTC.

Constellation Coin Profile

Constellation’s launch date was January 1st, 2018. Constellation’s total supply is 3,711,998,690 coins and its circulating supply is 2,320,488,685 coins. The official message board for Constellation is medium.com/constellationlabs. Constellation’s official Twitter account is @conste11ation and its Facebook page is accessible here. Constellation’s official website is www.constellationnetwork.io. The Reddit community for Constellation is https://reddit.com/r/constellation and the currency’s Github account can be viewed here.

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 currently possible to buy alternative cryptocurrencies such as Constellation directly using US dollars. Investors seeking to trade Constellation should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Constellation using one of the exchanges listed above.

DAG/USD price chart by TradingView