Buy Hegic
What is Hegic?
Hegic is a decentralised, peer-to-pool options trading protocol built on Arbitrum, an Ethereum layer 2 solution. It allows users to trade options in a decentralised manner, offering a platform for buyers to customise options parameters and for writers to sell options and earn premiums. Hegic also utilises the HEGIC token for governance and participation in decision-making processes.
How does Hegic work?
Hegic operates using smart contracts on the Ethereum blockchain, specifically harnessing Arbitrum for scalability. The protocol facilitates decentralised options trading through its liquidity pools and specialised contracts. This includes call and put options contracts which manage trading activities, and liquidity pool contracts that handle pooling funds, locking and unlocking assets, and settling transactions on-chain. Hegic is non-custodial, ensuring users retain control over their assets, and uses on-chain settlements to provide transparency and trustlessness in transactions.
What are the potential use cases for Hegic?
Potential use cases for Hegic include:
-
Decentralised Options Trading: Enables hedging against crypto investments and speculative trading on price movements of Ethereum-based assets like ETH and wBTC.
-
Liquidity Provision: Users can participate as liquidity providers, earning rewards such as premiums and fees, while retaining control of their funds.
-
Governance: Through the HEGIC token, users can engage in governance practices by voting on protocol changes and participating in the decision-making process.
-
Staking: By staking HEGIC tokens, users can benefit from fees and rewards, aligning them with the protocol’s growth and success.
What is the history of Hegic?
Hegic was founded in January 2020 by an anonymous developer known as Molly Winterminute. Its primary goal was to introduce transparency and on-chain settlement to options trading in the crypto space. Key milestones include the release of its whitepaper in February 2020, significant token distribution through a bonding curve smart contract, and integration with the DeFi ecosystem. Hegic also marked a breakthrough in permissionless token sales and has been evolving with community governance plans and expanding asset support.
Coin Contract Addresses
Related Assets
Learn More About Hegic
Frequently Asked Questions (FAQs)
What is the current price of Hegic (HEGIC)?
The Hegic price is $0.02534294 AUD, representing a -3.5% from the day prior.
Where is the best place to buy Hegic (HEGIC) in Australia?
The best place to buy Hegic (HEGIC) 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 Hegic (HEGIC) 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 Hegic (HEGIC)?
The trading volume of Hegic (HEGIC) is $106.3K AUD in the last 24hrs, representing a -3.5% from the day prior.
How can I buy Hegic (HEGIC)?
Hegic (HEGIC) 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 Hegic (HEGIC)?
The current market cap of Hegic (HEGIC) is $27.4M AUD.
Can I convert Hegic (HEGIC) to cash?
Yes - With Coinstash you can convert your Hegic (HEGIC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Hegic (HEGIC) are there?
The current circulating supply of Hegic (HEGIC) is 1.1B.
Is Coinstash a safe place to buy Hegic (HEGIC) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Hegic (HEGIC) 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.