$ 91.20 USD
$ 91.20 USD
$ 108.084 million USD
$ 108.084m USD
$ 0 USD
$ 0.00 USD
$ 6,004.75 USD
$ 6,004.75 USD
0.00 0.00 OHM
Issue Time
2021-12-17
Platform pertained to
--
Current price
$91.20USD
Market Cap
$108.084mUSD
Volume of Transaction
24h
$0.00USD
Circulating supply
0.00OHM
Volume of Transaction
7d
$6,004.75USD
Change
24h
0.00%
Number of Markets
25
Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
0.00%
1D
0.00%
1W
0.00%
1M
-11.54%
1Y
+17.66%
All
-78.76%
OHM, the native token of OlympusDAO, is a cryptocurrency aiming to be less volatile than traditional digital assets while not being pegged to fiat currencies. It's designed to float based on its treasury's assets and DAO-governed parameters. The token's value is managed through minting and burning mechanisms, with the ultimate goal of becoming a crypto-native currency alternative to fiats like the USD .
OHM operates on a rebasing mechanism, which adjusts the supply to maintain its value. When the market price of OHM exceeds its intrinsic value, more tokens are minted, and when it's below, tokens are bought back and burned. This process is governed by the community through a decentralized autonomous organization (DAO) .
The project has attracted attention for its high APY offered to stakers, which has been as high as 90,000%. This is due to the rebase mechanism that occurs multiple times a day, compounding the returns for token holders .
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