Buy DerivaDAO (DDX)
What is DerivaDAO?
DerivaDAO is a decentralised finance (DeFi) project that creates a platform for trading and investing in derivatives using blockchain technology. The project operates as a decentralised autonomous organisation (DAO), which ensures transparency, fairness, and inclusivity in the platform's decision-making processes.
How does DerivaDAO work?
DerivaDAO governs DerivaDEX, a decentralised exchange (DEX) for derivative contracts built on the Ethereum blockchain. It employs a DAO model to manage its operations and decisions democratically. The platform features real-time price feeds, fast trade resolution, and a competitive fee structure. It also utilises off-chain price feeds, matching engines, and liquidation operators to offer efficient transactions.
What are the potential use cases for DerivaDAO?
Potential use cases for DerivaDAO include decentralised derivatives trading, liquidity provision, market-making, risk management, and hedging. It also supports decentralised governance and decision-making, as well as staking and yield farming. Industries that could benefit from DerivaDAO include financial services, cryptocurrency and blockchain, and trading and investing sectors.
What is the history of DerivaDAO?
While specific historical details are not included in the provided search results, DerivaDAO is known to govern DerivaDEX. It aims to address the intersection of trading and blockchain technology challenges. Significant milestones likely include the launch of DerivaDEX, the implementation of decentralised governance, and the introduction of various trading features and protocols.
For more detailed and accurate historical information about DerivaDAO, it is recommended to refer to their official website or other reliable sources.
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Frequently Asked Questions (FAQs)
What is the current price of DerivaDAO (DDX)?
The DerivaDAO price is $0.05834225 AUD, representing a -0.43% from the day prior.
Where is the best place to buy DerivaDAO (DDX) in Australia?
The best place to buy DerivaDAO (DDX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell DerivaDAO (DDX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of DerivaDAO (DDX)?
The trading volume of DerivaDAO (DDX) is $113 AUD in the last 24hrs, representing a -0.43% from the day prior.
How can I buy DerivaDAO (DDX)?
DerivaDAO (DDX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of DerivaDAO (DDX)?
The current market cap of DerivaDAO (DDX) is $3.0M AUD.
Can I convert DerivaDAO (DDX) to cash?
Yes - With Coinstash you can convert your DerivaDAO (DDX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many DerivaDAO (DDX) are there?
The current circulating supply of DerivaDAO (DDX) is 53.2M.
Is Coinstash a safe place to buy DerivaDAO (DDX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling DerivaDAO (DDX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.