Lido DAO Achieves Self Reported Market Capitalization of $1.79 Billion (LDO)

Lido DAO (LDO) traded 2.3% lower against the dollar during the twenty-four hour period ending at 23:00 PM E.T. on April 16th. Lido DAO has a total market capitalization of $1.79 billion and $68.94 million worth of Lido DAO was traded on exchanges in the last 24 hours. One Lido DAO token can now be purchased for approximately $2.00 or 0.00003136 BTC on major cryptocurrency exchanges. During the last seven days, Lido DAO has traded 23.5% lower against the dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 7.3% lower against the dollar and now trades at $0.33 or 0.00000510 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1.1% against the dollar and now trades at $0.0087 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Lido DAO Profile

Lido DAO’s launch date was December 17th, 2020. Lido DAO’s total supply is 1,000,000,000 tokens and its circulating supply is 891,732,126 tokens. The Reddit community for Lido DAO is https://reddit.com/r/lidofinance and the currency’s Github account can be viewed here. Lido DAO’s official message board is blog.lido.fi. Lido DAO’s official Twitter account is @lidofinance and its Facebook page is accessible here. Lido DAO’s official website is lido.fi.

According to CryptoCompare, “Lido DAO is an innovative decentralized autonomous organization that manages liquid staking on Ethereum 2.0. Its native asset, the LDO token, serves as the governance token, empowering holders to vote on key protocol parameters. The voting weight is proportional to the amount of LDO held, democratizing decision-making. Users stake ETH and receive stETH, a token that mirrors staked ETH while remaining liquid and earning staking rewards. Co-founded by Jordan Fish and Konstantin Lomashuk, Lido DAO balances centralization and decentralization, using an efficient mechanism, Easy Track, for routine governance. It reinvests service fees into research, development, liquidity mining incentives, and upgrades, fostering sustainable growth and flexibility.”

Buying and Selling Lido DAO

It is usually not possible to purchase alternative cryptocurrencies such as Lido DAO directly using U.S. dollars. Investors seeking to trade Lido DAO should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Lido DAO using one of the aforementioned exchanges.

LDO/USD price chart by TradingView