MIR (Mirror Token) is the governance token of the Mirror Protocol, a leading project promoting the utility of synthetic assets. The MIR crypto token is built on the Terra blockchain and aims to achieve financial inclusivity for every individual globally. The developers of MIR plan to do this by allowing anyone to trade in synthetic mirrored shares of any company. For example, Tesla(mTSLA), Amazon(mAMZN), e.t.c.
The mAssets created using the Mirror Protocol are synthetic versions of their real assets. As a result, they mimic their underlying assets on the secondary market. Currently, mAssets available mirror mostly U.S. stocks and ETFs, with more global assets scheduled to be gradually added in the future. In the meantime, you can add the central MIR DEFI governance token to your portfolio with Swapzone’s fast and reliable trade aggregator by following the guide below.
Table of contents
Adding MIR crypto token to your wallet is simple and cheap if you use the Swapzone aggregator service. First, head over to the exchange page and select the token you want to swap for MIR. You can trade MIR for Bitcoin (BTC), Ethereum (ETH), Monero (XMR), or any other coin of your choice – For example, we will use ETH in this guide.
2. Decide How Much MIR You Want
You’ll see two boxes on the exchange page; in the send box, you need to enter the amount of ETH you’re willing to swap, and the estimated amount of MIR you’ll receive will be displayed in the get-up to box.
Remember that the get up to box only displays an estimate of your returns, so expect this number to fluctuate slightly up or down once the transaction is complete.
3. Select The Best Exchange
Once you’ve selected the coin and amount to swap, Swapzone’s automatic system will scan the web for the best exchanges and present them to you in a neat list divided into fastest, best rating, and the best rate. Then you can choose the exchange that suits your needs and press the blue exchange button.
4. Wallet Details
After pressing the exchange button, you will be required to specify the wallet address page, here you can enter your MIR wallet address, a refund address in case the ETH transaction fails, and optionally your e-mail. Then, once you’ve double-checked that the details are correct, tick the terms and conditions box and press the blue proceed to exchange button.
5. Deposit ETH
It’s time to pay for the swap, which means transferring the amount of ETH you agreed to in step 2 into the deposit address displayed on your screen. Head over to your wallet and send the ETH to the address and make sure you copy the address accurately!
Entering the wrong crypto address when carrying out a transaction can result in the tokens being lost forever, so take your time to verify the transaction before proceeding.
6. Swap Completed
Once you’ve made the swap deposit, sit back and wait while the swap is completed; check your MIR wallet address to ensure the tokens have arrived safely. Using the Swapzone aggregator, you’ve just bought MIR at a competitive market rate, securely and without any know-your-customer (KYC) hassles.
Is MIR A Good Investment?
(Disclaimer: None of the information in this article should be considered investment advice; always do your research before investing.)
MIR promises several benefits for individuals who invest in its highly scalable technology. These benefits include; 24/7 global trading accessible to anybody, permissionless blockchain technology, trading fractions of underlying assets, access to cheap smart contracts, and comprehensive financial inclusivity. These benefits make MIR a viable investment choice for investors looking to put their money to work.
In addition, various price targets from reputable crypto prediction sites have forecasted a profitable future for the MIR governance token. PricePrediction puts the MIR price at a premium of $9.60 by 2030. While DigitalCoinPrice predicts a lowly $1.19 for MIR by 2030.
In sum, analysts expect MIR to continue growing in the crypto market and increasing its price point for the next ten years. Thus, to buy a Mirror token seems like a good investment choice. Add the high utility MIR token to your crypto portfolio here.