Buy Opium
What is Opium?
Opium is a decentralised protocol designed to create, settle, and trade derivatives and structured products. It focuses on bringing ownership and access to these financial instruments to individuals by leveraging blockchain technology.
How does Opium work?
Opium operates on the Ethereum blockchain, utilising smart contract capabilities to automate trading and settlement of derivatives. It features a user-friendly platform that doesn't require coding skills for setting up derivative products and executing trading strategies. The governance of the protocol is managed by Opium token holders who participate in a voting system to influence the growth and changes within the ecosystem.
What are the potential use cases for Opium?
- Liquidity Provision: Users can provide liquidity to structured product pools and earn yield.
- Risk Management: Entering into option strategies for risk management or exposure purposes.
- Custom Derivative Creation: Users can build customised derivative products with specific fee structures and functionalities.
What is the history of Opium?
The provided information doesn't contain specific historical details regarding the inception or timeline of the Opium cryptocurrency or its protocol development. To find more about its history, reviewing official resources such as the Opium Network's website or publically available whitepapers would be recommended.
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Frequently Asked Questions (FAQs)
What is the current price of Opium (OPIUM)?
The Opium price is $0.08149673 AUD, representing a -13% from the day prior.
Where is the best place to buy Opium (OPIUM) in Australia?
The best place to buy Opium (OPIUM) 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 Opium (OPIUM) 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 Opium (OPIUM)?
The trading volume of Opium (OPIUM) is $19.5K AUD in the last 24hrs, representing a -13% from the day prior.
How can I buy Opium (OPIUM)?
Opium (OPIUM) 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 Opium (OPIUM)?
The current market cap of Opium (OPIUM) is $1.3M AUD.
Can I convert Opium (OPIUM) to cash?
Yes - With Coinstash you can convert your Opium (OPIUM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Opium (OPIUM) are there?
The current circulating supply of Opium (OPIUM) is 17.5M.
Is Coinstash a safe place to buy Opium (OPIUM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Opium (OPIUM) 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.