Market Data & Token Stats
| Fully Diluted Valuation | $4.02M |
|---|---|
| 24H Trading Volume | $7,257 |
| 24H Low / High | $0.9890 / $1.01 |
| Circulating Supply | 4.02M |
| Total Supply | 4.02M |
| Max Supply | ∞ |
Key Project Information
| Categories | Stablecoins 4 more |
|---|---|
| Founder | Joachim Zahnentferner 3 more |
| Website | djed.xyz Whitepaper |
| Socials | |
| Chains | Cardano Ecosystem |
| Explorer | Cardanoscan |
| Contracts |
8db26....55344
|
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
Djed (djed) Expert User Reviews
Is Djed safe or a scam? Read verified Crypto OG reviews about Djed
$djed Markets
| Name | Pair | OG Score |
|---|
About 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
Information in this section carefully collected and curated from publicly available data from official sources, including the Djed Official Website, Djed Whitepaper and Djed X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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