What kind of currency is LDO coin? Where to trade LDO coins?

LDO Coin, the native cryptocurrency of the Lido Finance platform, empowers holders with governance influence and offers rewards for staking Ethereum.

Oct 06, 2024 at 03:54 am

LDO Coin: An Overview

1. Understanding LDO Coin

Lido Coin (LDO) is the native cryptocurrency of the Lido Finance platform, a decentralized staking solution for Ethereum and other proof-of-stake (PoS) blockchains. LDO represents a governance token that grants holders influence over the Lido protocol's development and decision-making processes.

2. Trading LDO Coins

LDO coins are available for trading on several major cryptocurrency exchanges, including:

Binance
Coinbase Pro
FTX
Kraken
Uniswap

3. Functions of LDO Coin

LDO coin serves several functions within the Lido ecosystem:

Governance: Token holders have the right to vote on platform updates and make decisions regarding the Lido protocol's direction.
Staking Rewards: Users who stake their ETH through the Lido protocol receive LDO tokens as rewards for participating in the staking process.
Liquidity Provision: LDO can be used as a collateral asset and for providing liquidity on decentralized finance (DeFi) platforms.
Passive Income Generation: LDO holders can earn passive income through staking or participating in liquidity provision.

4. Understanding the LDO Tokenomics

The total supply of LDO coins is limited to 1 billion tokens. The token distribution is as follows:

Team and advisors: 22%
Pre-sale: 17%
Ecosystem development: 17%
Reserve: 16%
Community: 11%
Early contributors: 6%
Future rewards: 6%
Community treasury: 5%

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

OBT

$0.0185

80.36%

Trade Now
WHITE

$0.0...08159

71.57%

Trade Now
PIXEL

$0.0442

43.96%

Trade Now
AUDIO

$0.0837

31.05%

Trade Now
KEEP

$0.1073

30.62%

Trade Now
GFI

$0.8224

29.15%

Trade Now

Latest Crypto News

Meteora Labs sued by investors over alleged M3M3 token price manipulation
2025-04-22 09:40:12
This is a published version of our weekly Forbes Crypto Confidential newsletter. Sign up here to get Crypto Confidential days earlier free in your inbox.
2025-04-22 09:40:12
Trump Token Unlocks Are When a Group of People—Usually Project Team Members, Early Investors or Advisors—Receive Their Allocated Tokens
2025-04-22 09:35:14
Meme cryptocurrency Dogecoin is currently trading at an important support level against Bitcoin
2025-04-22 09:35:14
Dogecoin (DOGE) Price Broke Out of Two Technical Patterns, Setting the Stage for a Bullish Run
2025-04-22 09:30:12
Mutuum Finance (MUTM) Presale Raises Over $7M From 8400+ Buyers
2025-04-22 09:30:12

Related knowledge

What are the investment prospects of Stargate Finance (STG) coin?

Dec 01,2024 at 09:45pm

What are the investment prospects of Stargate Finance (STG) coin?Stargate Finance is a decentralized liquidity transfer protocol that allows users to transfer assets across different blockchains without the need for a centralized exchange. The STG coin is the native token of the Stargate Finance protocol and is used to pay for gas fees and to incentiviz...

Does Stargate Finance (STG) coin have 10,000 times potential?

Nov 29,2024 at 05:01pm

Does Stargate Finance (STG) Coin Have 10,000 Times Potential?IntroductionStargate Finance (STG) is a decentralized cross-chain liquidity transfer protocol that facilitates the seamless transfer of assets between different blockchains. Its innovative design and robust infrastructure have captured the attention of the cryptocurrency community, leading man...

Does Stargate Finance (STG) coin have a thousand-fold potential?

Nov 30,2024 at 11:35am

Does Stargate Finance (STG) Coin Have a Thousand-Fold Potential?Stargate Finance (STG) is a decentralized exchange (DEX) protocol that facilitates cross-chain token transfers. It allows users to swap tokens between different blockchains without the need for intermediaries or wrapped assets.Factors Influencing STG Coin's PotentialThe following factors co...

Does Stargate Finance (STG) coin have a hundredfold potential?

Dec 01,2024 at 04:27am

Does Stargate Finance (STG) Coin Have a Hundredfold Potential?IntroductionStargate Finance (STG) is a decentralized and interoperable liquidity transfer protocol that enables seamless transfer of assets across different blockchains. Launched in September 2021, STG quickly gained traction due to its innovative cross-chain liquidity solution. The platform...

What is the historical highest price of Stargate Finance (STG) currency?

Nov 29,2024 at 02:49pm

What is the Historical Highest Price of Stargate Finance (STG) Currency?Historical Highest Price of Stargate Finance (STG) CurrencyThe historical highest price of Stargate Finance (STG) currency was $4.57, reached on November 8, 2021.Factors Contributing to the Historical Highest Price of STGStrong fundamentals: Stargate Finance is a decentralized liqui...

What wallet is good for Stargate Finance (STG) currency?

Dec 02,2024 at 03:10pm

What Wallet is Good for Stargate Finance (STG) Currency?stargate's goal is to securely and cheaply transfer assets between different blockchains. They enable fast, low-cost transfers between 10 different chains (Arbitrum, Avalanche, Binance Smart Chain, Ethereum, Fantom, Gnosis Chain, Harmony, Optimism, Polygon, and xDai) in just a few short minutes.The...