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Euphoria

WAGMI

Price
$0.0364
11/29/2022, 5:45:57 PM
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Market

Market stats

Market cap

-

Volume (24h)

$0.0659

Circulating supply

-

All time high

$5,007.51

Price change (1h)

-0.69%

Price change (24h)

-5.89%

Price change (7d)

+34.63%

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Euphoria is on the rise this week.

The price of Euphoria has risen by 34.63% in the past 7 days. The price declined by 5.89% in the last 24 hours. In just the past hour, the price shrunk by 0.69%. The current price is $0.036359 per WAGMI. Euphoria is 100.00% below the all time high of $5,007.51.

The current circulating supply is 0 WAGMI.

About

What Is Euphoria (WAGMI)?

Euphoria functions as an algorithmic reserve currency protocol on the Harmony network. Harmony refers to a fast and open blockchain designed for decentralized applications (Dapps). The Euphoria platform provides economic and game-theoretic dynamics via staking and purchasing bonds. The purpose behind creating the Euphoria ecosystem is to optimize the Harmony network for its growth and wealth.

Forked out of Wonderland, the Euphoria ecosystem has WAGMI tokens at its core, and a hamper of various assets that backs WAGMI. These assets can be DAI, UST, and more available in the Euphoria treasury to give WAGMI an essential value that it can’t fall below. According to the platform docs, Euphoria aims to operate the same as Wonderland and Olympus platforms. Olympus is an algorithmic floating cryptocurrency with a stable purchasing power along with a market-driven value.

In addition to this, Euphoria also wants to bridge the gap between DeFi 1.0 and DeFi 2.0. DeFi 1.0 is nothing but DeFi (Decentralized Finance) protocols launched in 2020 or earlier, and DeFi 2.0 was developed to solve the issues of the DeFi 1.0 protocol.

As mentioned earlier, Euphoria utilizes staking and purchasing bonds to grow the platform economy. Staking for Euphoria is the main value accrual strategy. Users can stake their WAGMI tokens to earn rebase rewards, which are directly generated through bond sales. Rebase refers to a mechanism when staked WAGMI balance automatically increases.

Staking WAGMI also helps outpace any fall in the token price by converging the constantly falling cost base on zero. Euphoria locks WAGMI when staked in turn for an equal amount of sWAGMI tokens. sWAGMI is a transferrable token of Euphoria and is composable with various DeFi protocols.

Bonding is the next value accrual strategy of the Euphoria platform. Bonds are designed to incentivize users with an attractive reward profile by locking liquidity. As per the platform docs, buying a bond simply means purchasing WAGMI at a discounted rate. For users, minting WAGMI means selling their assets in turn for a protocol bond.

WAGMI is the native token of Euphoria, and the supply of WAGMI is not hard-capped, which means the token supply keeps increasing through multiple platform operations.

History of Euphoria (WAGMI)

According to the platform docs, Euphoria is a fork of Wonderland on the Harmony network. The Euphoria is a part of VenomDAO, and 0xViper plays the role of Euphoria’s lead developer.

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FAQ

What is the current price of Euphoria?

The price of 1 Euphoria currently costs $0.0364.

What is the market cap of Euphoria?

The current market cap of Euphoria is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Euphoria?

The all-time high of Euphoria is $5,007.51. This all-time high is highest price paid for Euphoria since it was launched.

What is the 24 hour trading volume of Euphoria?

Over the last 24 hours, the trading volume of Euphoria is $0.07.

What other assets are similar to Euphoria?

Assets that have a similar market cap to Euphoria include DOGEFOOD, Mafia World Cup, Liquid Collectibles, and many others. To see a full list, see our comparable market cap assets.

How many Euphoria are there?

The current circulating supply of Euphoria is 0.