Lido DAO (LDO) Self Reported Market Capitalization Tops $930.71 Million

Lido DAO (LDO) traded down 1.5% against the US dollar during the twenty-four hour period ending at 12:00 PM ET on November 1st. In the last week, Lido DAO has traded down 3.2% against the US dollar. One Lido DAO token can currently be purchased for approximately $1.04 or 0.00001489 BTC on popular exchanges. Lido DAO has a market capitalization of $930.71 million and approximately $63.39 million worth of Lido DAO was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• 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.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1% against the dollar and now trades at $70,034.57 or 1.00362293 BTC.
• SolvBTC (SOLVBTC) traded down 1.3% against the dollar and now trades at $69,806.97 or 1.00036136 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Lido DAO Token Profile

Lido DAO was first traded on December 17th, 2020. Lido DAO’s total supply is 1,000,000,000 tokens and its circulating supply is 895,723,570 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 Twitter account is @lidofinance and its Facebook page is accessible here. The official message board for Lido DAO is blog.lido.fi. 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.”

Lido DAO Token Trading

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

LDO/USD price chart by TradingView