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      Djed DJED
      $1.00500 0.83%
      OG Score 0
      Reviews 0

      Djed DJED Price

      $1.00500 0.83%
      Low All Time High
      $0.725782 $1.28

      Introduction

       Djed (DJED) is an over-collateralized stablecoin on the Cardano network, backed by ADA. More

      OG Score 0
      Reviews 0
      Market Cap $4.07M
      Market Cap Rank # 2562

      Token Stats

      Fully Diluted Valuation $4.07M
      24H Trading Volume $245,734
      24H Low / High $0.99 / $ 1.02
      Circulating Supply 4.02 M
      Total Supply 4.02 M
      Max Supply 0.00

      Info

      Categories Stablecoins 4 more
      Founder Joachim Zahnentferner 3 more
      Website djed.xyz Whitepaper
      Socials
      Chains Cardano Ecosystem
      Explorer Cardanoscan
      Contracts 8db26....55344

      DJED/USD Price Chart

      24h 7d 1m All

      OG Evaluation

      OG Score

      OG Score Rank #NA
      Reviews 0
      Gem Score N/A

      OGAudit Coin Evaluation Metrics

      Innovation 0 .00
      Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
      Security 0 .00
      Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
      Community 0 .00
      Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
      Tokenomics 0 .00
      Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
      Team 0 .00
      Team Evaluates the experience,credibility of the founding and development team.
      Roadmap 0 .00
      Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

      Djed $djed User Reviews

      What Crypto OGs are Saying About Djed

      $djed Markets

      Name Pair OG Score

      About Djed $djed

      What is Djed (DJED)?

      Djed (DJED) is a stablecoin on the Cardano blockchain, created by Input Output Global (IOG) and supported by Coti. It aims to provide a stable value, around $1, by being backed by ADA, Cardano’s native cryptocurrency.

      How It Works

      Djed maintains its stability by holding a reserve of ADA. To use Djed, people send ADA to a smart contract, which then mints DJED. Users can also redeem DJED for ADA through the same contract. This system helps keep DJED’s value close to $1.

      Key Features

      Formally Verified: Djed is the first stablecoin with a formally verified protocol, meaning its stability and design are proven through mathematical methods.

      Stable Peg: It uses a reserve ratio between 400% and 800% to keep its value steady, even if ADA’s price changes.

      No Insolvency Risk: Djed avoids risks like insolvency and bank runs because it doesn’t rely on traditional banking.

      Incentives for Participation: Users who mint and hold $Shen reserve coins earn fees, helping to keep the system stable.

      Conclusion

      Djed (DJED) is an advanced stablecoin designed for stability and reliability. By using Cardano’s blockchain and a solid reserve system, it aims to offer a dependable digital currency for the DeFi world.

      What is unique about Djed (DJED)?

      Djed (DJED) is unique for being the first formally verified stablecoin protocol, ensuring its stability through mathematical proofs and maintaining its peg with a reserve ratio between 400% and 800%.

      Who are the founders of Djed (DJED)?

      Djed (DJED) was developed by the IOG team, including Joachim Zahnentferner, Dmytro Kaidalov, Jean-Frédéric Etienne, and Javier Roberto Diaz, and is powered by Coti.

      Who are the backers/investors of Djed (DJED)?

      Djed (DJED) is backed by Coti, a platform specializing in blockchain-based financial technology, in collaboration with Input Output Global (IOG).

      Where can I buy Djed (DJED)?

       Minswap, WingRiders

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