What is LDO coin? Introduction to the issue price, total amount and white paper of LDO coins

Lido's governance token, LDO, empowers holders to participate in protocol decisions, earn staking rewards, and contribute to the coin's deflationary mechanism.

Oct 04, 2024 at 06:17 am

What is LDO Coin?

1. Definition:

LDO is the native token of the Lido decentralized finance (DeFi) protocol, which allows users to stake various Proof-of-Stake (PoS) cryptocurrencies without giving up liquidity.

2. Issue Price:

Initial Exchange Offering (IEO) price: $0.50
Date: September 21, 2020

3. Total Amount:

Initial supply: 1 billion LDO coins
Max supply: 1 billion LDO coins

4. White Paper:

The Lido white paper was released on September 21, 2020, and provides detailed information about the protocol, its tokenomics, and its governance model.

Additional Details:

Ticker: LDO
Blockchain: Ethereum
Token Type: Governance and utility
Proof of Stake: Delegated Proof of Stake (DPoS)
Mainnet Launch: December 16, 2020

LDO Coin Use Cases:

Governance: LDO holders can participate in the Lido governance process by voting on protocol upgrades and changes.
Staking Rewards: LDO holders who stake their tokens within the Lido protocol can earn additional rewards in the form of staked asset tokens.
Deflationary Mechanism: A portion of the transaction fees generated by the Lido protocol are used to buy back and burn LDO coins, gradually reducing the circulating supply.

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

CAIR

$0.9408

891250.76%

Trade Now
LOFI

$0.0865

36.01%

Trade Now
SWFTC

$0.0296

32.50%

Trade Now
ZANO

$11.0833

32.07%

Trade Now
AIC

$0.4663

25.67%

Trade Now
JASMY

$0.0325

23.14%

Trade Now

Latest Crypto News

Dogecoin (DOGE): From Meme to Mainstream, Can It Become a Serious Financial Asset?
2025-01-31 21:40:54
The New Crypto Powerhouse Is Here: Forget Solana, 1Fuel (OFT) Is Surging in Demand and Forecast to 100x by 2025
2025-01-31 21:35:54
Revolution or Ruin? Understanding the Future of XRP Amidst Centralization Concerns
2025-01-31 21:30:55
Trump’s Presence Propelling Rexas Finance (RXS) to a $20 Price Tag
2025-01-31 21:30:55
Rollblock Is Disrupting A $450 Billion Industry
2025-01-31 21:30:55
Remittix (RTX) Might Outshine Solana (SOL) and XRP (XRP) as It Redefines Cross-border Payments
2025-01-31 21:30:55

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...