Lido DAO (LDO) Reaches Self Reported Market Cap of $1.95 Billion

Lido DAO (LDO) traded 1% higher against the US dollar during the twenty-four hour period ending at 21:00 PM E.T. on April 29th. One Lido DAO token can now be bought for about $2.19 or 0.00003417 BTC on popular exchanges. During the last week, Lido DAO has traded up 1.4% against the US dollar. Lido DAO has a total market capitalization of $1.95 billion and $117.35 million worth of Lido DAO was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded down 0.6% against the dollar and now trades at $0.30 or 0.00000461 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• BitcoinBR (BTCBR) traded down 83.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.1% lower against the dollar and now trades at $0.0096 or 0.00000015 BTC.

Lido DAO Token Profile

Lido DAO’s launch date was December 17th, 2020. Lido DAO’s total supply is 1,000,000,000 tokens and its circulating supply is 892,449,011 tokens. Lido DAO’s official Twitter account is @lidofinance and its Facebook page is accessible here. 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 website is lido.fi. Lido DAO’s official message board is blog.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 presently possible to buy alternative cryptocurrencies such as Lido DAO directly using US dollars. Investors seeking to acquire Lido DAO should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Lido DAO using one of the exchanges listed above.

LDO/USD price chart by TradingView