Price
$0.0045
11/30/2022, 7:32:17 PM
diamondHands

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HyperDAO can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$15.3M

Volume (24h)

$20,849.50

Circulating supply

3.4B HDAO

All time high

$0.49

Price change (1h)

-0.54%

Price change (24h)

+3.97%

Price change (7d)

+4.88%

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HyperDAO is on the rise this week.

The price of HyperDAO has risen by 4.88% in the past 7 days. The price increased by 3.97% in the last 24 hours. In just the past hour, the price shrunk by 0.54%. The current price is $0.0045 per HDAO. HyperDAO is 99.08% below the all time high of $0.49.

The current circulating supply is 3,399,999,999.908 HDAO.

About

What Is HyperDAO (HDAO)?

The website says HyperDAO (HDAO) is an entirely decentralized IDO launchpad that allows token holders to govern the project's growth and partake in decision-making via a decentralized autonomous organization (DAO). An initial DEX offering (IDO) is a fundraising strategy that pools investment worth from retail investors. HyperDAO is made on the PolygonEthereum, and Binance Smart Chain network. It enables the leading crypto projects to launch their tokens and provide initial liquidity through their existing users. 

As per the whitepaper, the coin aims to build a capable, transparent, and feasible autonomous digital asset economic ecosystem that acts as a one-stop forum for all financial requirements. 

With the help of blockchain technology, HyperDAO desires to make specialized investment products with better transaction data, asset tokenization, and smart contracts. Smart contracts are similar to regular contracts; however, instead of being drafted on paper, these contracts operate in the form of protocols on the blockchain. However, the idea is to build a platform that enables users to place their knowledge for testing and participate in predictions happening for different topics, like future expenses of cryptocurrencies, with variable parameters and precision degrees required. Furthermore, HyperDAO seeks to transform the current centralized business model into a decentralized one that the community members can control. 

HyperDAO leverages a stablecoin approach, which, unlike the existing stablecoins, provides immense flexibility concerning collateralization. Collateralization is the usage of a worthy asset to ensure a loan. Also, the token permits individuals to collateralize virtual holdings in exchange for the Hyper that can be pegged to various other currencies, like the HyperDAO SC system. The HyperDAO SC system can mint Hyper-USD, Hyper-CNY, Hyper-EUD, etc. HyperDAO has also built out the architecture capable of sustaining Hyper, including a wallet and dedicated exchange that lets users purchase, withdraw, deposit, and trade Hyper. 

In the Hyper stablecoin forum, HDAO holders hold a vital role in the management of the system and voting procedure to perform several risk-management activities:

  • Nominate Safety Nodes 

  • Modify Hyper Interest Rate 

  • Create Governance Suggestions to Be Voted 

  • Trigger Shutdown Protocol 

  • Nominate Price Oracles 

HyperDAO offers users investment options in different high-quality blockchain projects as a skilled blockchain incubator. Also, HyperDAO makes sure that entry obstacles are pretty low so that everyone can partake. Users of the platform can also gain passive income through staking even if they decide not to experience any project launches. 

With economic inclusivity as the priority, HyperDAO desires to give users who are in financially limited situations a chance to receive necessary financial services in an unbiased and beneficial atmosphere.

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FAQ

What is the current price of HyperDAO?

The price of 1 HyperDAO currently costs $0.0045.

What is the market cap of HyperDAO?

The current market cap of HyperDAO is $15.27M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of HyperDAO?

The all-time high of HyperDAO is $0.49. This all-time high is highest price paid for HyperDAO since it was launched.

What is the 24 hour trading volume of HyperDAO?

Over the last 24 hours, the trading volume of HyperDAO is $20.85K.

What other assets are similar to HyperDAO?

Assets that have a similar market cap to HyperDAO include Viberate, PARSIQ, MATH, and many others. To see a full list, see our comparable market cap assets.

How many HyperDAO are there?

The current circulating supply of HyperDAO is 3.4 billion.