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Drops

Drops DOP Price $ 0.131

Rank: 1806

134 Watchlists

DeFi

DOP Price

0.131
3.77%
(-$ 0.00512)
Price Range
LowHigh
$ 0.129$ 0.144

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

Description

Drops integrates NFT assets into a wider DeFi ecosystem, through fractionalization protocol, dNFT.

Drops (DOP) Chart

The Drops to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

DOP to USD Converter

Drops (DOP)DOP

IDO

21 May — 21 May 2021

Raised

$ 200.00K

Price:

$ 0.600

ROI:

0.22x  -78.2%

Platform:

N/A

ATH ROI:

8.24x  +724.4%

DOP Price Statistics

leaderboard

Market Cap

$ 1.75M

FDV

$ 1.96M

ATH Market Cap

$ 26.21M

24 Trade Vol.

$ 33.94K


Vol. (24h) / MCap

0.0194

Max Supply

DOP 15,000,000

Total Supply

DOP 15,000,000

Circulating Supply

DOP 13.43M

(89.5% of Max Supply)

Listing Date

21 May 2021

IDO Price

$ 0.600

21 May 2021

IDO ROI

78.2%

0.218x

All Time High

$ 4.95

21 May 2021


All Time Low

$ 0.049

23 Oct 2023


From ATH

97.4%

From ATL

166.5%

Drops Price Analysis

What is Drops (DOP)?

DeFi meets NFTs

Drops integrates NFT assets into a wider DeFi ecosystem, through our very own fractionalization protocol, dNFT.

In simple terms, the dNFT protocol enables NFT assets to be pooled and converted into representing ERC20 tokens. This functionality can be used for a variety of applications, including loans and yield farming — two very prominent DeFi use cases which are widely used for fungible assets.

Rather than letting assets sit idle, NFT holders will now be able to actively participate in the DeFi ecosystem and earn returns, all without having to sell their NFTs.

Via dNFT, Drops users will be able to:

  1. Obtain instant access to liquidity
  2. Fractionalize NFT assets while retaining their ownership
  3. Obtain trustless NFT loans
  4. Earn yield with NFT vaults.


HOW IT WORKS

STAKE NFT AND EARN DPOINTS

  • Put your NFT to work in vaults and earn dPoints which can be used as coupons for purchases at the platform.

PARTICIPATE IN DROPS ARTWORK RAFFLES

  • Buy a ticket and feel a thrill of winning the rarest artwork from the collection.

GET CASHBACK REWARDS

  • For each purchase you can get up to 5% cashback in DROP tokens.


The DOP token

As the official utility token of the Drops ecosystem, DOP will be accepted as the primary method of payment for buying and selling NFTs on the platform. It will also be used in a hybrid-governance model, in conjunction with the original Node Runners token (NDR).

The DOP token will also be used to pay users liquidity mining rewards and cashback rewards on Drops purchases. Users can stake these DOP tokens to earn dPoints — non-transferrable coupons which are redeemable for the purchase of NFTs within the platform.

Finally, the DOP token will be utilized in future functions and promotions on Drops, such as participation in NFT raffles.

Drops Price Today

Drops's current price is $ 0.131, it has dropped -3.77% over the past 24 hours.

Drops's All Time High (ATH) of $ 4.95 was reached on 21 May 2021, and is currently -97.4% down.

The current circulating supply of Drops is 13.43 Million tokens, and the maximum supply of Drops is 15.00 Million.

Drops’s 24 hour trading volume is $ 33.94 Thousands.

Drops's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 1.75 Million.

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