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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%

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