What is dHedge DAO (DHT)?
DHT is the native token of dHedge, which is a social asset management platform. It provides users with such possibilities as earning on Polygon through farming, stable farming of dUSD stablecoins, and trading synthetic assets (or synths) on Ethereum without any slippage.
The trading on Ethereum is powered by Synthetix, which is a system used for issuing synthetic assets. The range of assets provided by Synthetix includes cryptocurrencies such as Bitcoin and Ethereum, commodities such as Gold and Silver, and even equities or indexes.
Besides that, dHedge allows users to create their own pools on Ethereum or Polygon and become the managers of these pools.
The dHedge DAO crypto organization and the DHT token serve as the driving forces behind the dHedge ecosystem. The DAO is in charge of development as well as ensuring that governance functions without a hitch. Check out the dHedge DAO price chart above to see the current DHT price.
Use Cases of DHT Tokens
The main use case of DHT tokens is acting as a governance token. DHT holders have the ability to make various decisions. For example, they can authorize modifications such as altering the protocol-level dHedge DAO price in order to enable higher value to be captured by DHT. Also, DHT holders can make decisions regarding the administrative fee, which is charge is used to cover the expenses of operating the dHEDGE network, such as maintaining the infrastructure and processing transactions.
Moreover, holding DHT also allows token holders to earn rewards from successful transactions on the platform.
Additionally, DHT tokens can be used by traders on the dHedge platform to access advanced trading tools and strategies. Take your time to analyze the dHedge DAO price chart mentioned before. It features the main trends in the DHT price fluctuation.
Who Founded dHedge?
Ermin Nurovic and Henrik Andersson are the co-founders of dHedge DAO. They started the company in early 2018.
Ermin Nurovic has a degree in computer science and has been working in the industry since 2009. He has experience with different crypto assets and is very particular about keeping the DHedge DAO price stable.
Henrik Anderssonare is an entrepreneur and investor who has been working in the tech industry since 2006. He is also a co-founder of G2A, the world’s largest digital gaming marketplace.
Overall, the team at dHedge is composed of experienced professionals in the field of finance, investments, and trading. The aim of the company is to provide a safe and transparent platform for its members to trade digital assets.
Tokenomics of DHT
The total supply of DHT tokens is fixed at 100 million. In addition to platform fees, the dHedge DAO also collects admin fees and direct investments from its members. These funds are held in a smart contract and can be used for platform development, marketing efforts, and community-building initiatives.
