Djed (DJED)

$1.01

+2.28%

Track the latest movements of Djed (DJED) with real-time charts and instant updates. Get comprehensive insights into the DJED market, learn effective cryptocurrency trading strategies, and dive into the ever-evolving realm of digital finance. Stay informed with extensive news coverage and sharp market analysis to understand the factors driving DJED's price.

Djed (DJED) Price Real Time-Data

The live price of Djed (DJED)is $1.01 with a 24-hour trading volume of $16.11K. Its 24-hour peak value is $1.02, and its 24-hour low is $0.98. The current circulating supply is 3.29M DJED, out of a maximum of 1000B DJED, leading to a fully diluted market capitalization of $3.34M. Djed (DJED) to USD price is updated in real-time.

What is Djed (DJED)?

Djed (DJED) is an ADA-backed stablecoin on the Cardano network, designed to maintain its value through an over-collateralized system. It keeps a reserve of ADA coins and uses smart contracts to mint and burn stablecoins and reserve coins to stabilize its price.

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FAQ

Who are the founders of Djed (DJED)?

The Djed stablecoin was developed by the IOG team, including Joachim Zahnentferner, Dmytro Kaidalov, Jean-Frédéric Etienne, and Javier Roberto Diaz. The project is powered by the FinTech startup COTI.

How many Djed (DJED) are there?

The supply of Djed (DJED) is dynamic, regulated by the collateralization ratio which ranges between 400% to 800% with ADA, ensuring sufficient reserve to maintain its peg and stability.

What are the potential use cases for Djed (DJED)?

Djed (DJED) can be used in decentralized finance (DeFi) for stable transactions, as a medium for paying transaction fees on the Cardano network, and for general purposes requiring a stable value in the cryptocurrency market.

What is the history of Djed (DJED)?

Djed was introduced at the Cardano Summit 2021 by IO Global (IOG) and COTI Group. It uses smart contracts for price stabilization and was designed to be a formally verified algorithmic stablecoin, offering a robust solution to price volatility issues in the crypto space.