Mirror Protocol (MIR) is an Ethereum token that allows creators to issue synthetic assets, that help track prices of real-world assets. The project aims to enable 24/7 equities trading by minting “synthetic” versions of the real assets. MIR tokens can also be used to propose and vote on important changes to the protocol.
In other words, mirrored assets are tokens that behave like a mirrored version of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access, and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the real asset.
Mirror was developed by Terraform Labs (TFL), the group that has built the Terra blockchain. The MIR blockchain was built to be dedicated to building out the Terra tooling and application ecosystem.
The Mirror token has two functions:
Use these three-step processes to buy your first MIR using the CoinDCX crypto app in India
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