How much is 53933 MOT to SGD?

53933 Olympus Labs (MOT) is 66.108 Singapore Dollar (SGD).

updated 1 year, 2 weeks, 6 days, 2 hours, and 55 minutes ago
updated 1 year, 2 weeks, 6 days, 2 hours, and 55 minutes ago

Data source: CoinMarketCap

Olympus Labs (MOT) Price SGD

$0.00122575

24 Hour Change SGD

0.0%

24 Hour Volume

0 SGD

About Olympus Labs

Cryptocurrencies and crypto assets have emerged as a new asset class and are rapidly becoming more mainstream every day. But investors cannot leverage the full potential ofthis groundbreaking innovation yet because there is one crucial enabler for this financial ecosystem is still to be built. The total market capitalisation of cryptocurrencies was USD12.4 Billion in June 2016 but had grown to over USD 106.6 Billion by June 20111. At the time of writing this whitepaper, the total market cap for cryptocurrencies was touching USD350 Billion. However, this growth was unaccompanied by a supporting financial infrastructure that will facilitate financial activities that are backed by derivatives, market instrumentsand unified markets. Let us consider the example of a simple financial activity of applying for a loan in a traditional market. Traditionally, the lenders will estimate the borrower's capacity, acquirecollateral, cross-check for over-borrowing and cross-collateralization before proceeding with the loan. Once it is issued, then this loan can be refinanced on the market. However,we don’t have an efficient way to collateralise Bitcoin or other crypto assets for a crypto loan. This means that we cannot yet send the crypto assets to a multi-sig wallet which has atrusted signatory who serves as the prospective lender.

MOT to SGD Price History
Date MOT (Olympus Labs) SGD (Singapore Dollar) Change %
2019-09-23 11:23:33 -0700 53933 MOT 0.015795 -1655.41%
2019-03-13 22:34:18 -0700 53933 MOT 0.024792 -2655.35%
2018-12-31 05:42:37 -0800 53933 MOT 0.063732 -6983.19%