Currencies28783
Market Cap$ 2.56T+1.75%
24h Spot Volume$ 34.47B-11.4%
BTC Dominance51.78%-0.34%
ETH Gas4 Gwei
Cryptorank
Open report modalReport issue
Hegic

Hegic HEGIC Price $ 0.0187

Rank: 952

191 Watchlists

DeFi

HEGIC Price

0.0187
8.63%
($ 0.00148)
Price Range
LowHigh
$ 0.0172$ 0.0187

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

No funds found yet

Wallets

No wallets found yet

Description

Hegic is an on-chain peer-to-pool options trading protocol built on Ethereum.

Hegic (HEGIC) Chart

Hegic price Index provides the latest HEGIC price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

HEGIC to USD Converter

Hegic (HEGIC)HEGIC

HEGIC Price Statistics

leaderboard

Market Cap

$ 20.12M

Fully diluted value

FDV

$ 20.12M

ATH Market Cap

$ 230.60M

24 Trade Vol.

$ 31.49K


Vol. (24h) / MCap

0.00157

Max Supply

HEGIC 1,077,684,725

Total Supply

HEGIC 1,077,684,725

Circulating Supply

HEGIC 1.08B

(100% of Max Supply)

Listing Date

15 Sep 2020

All Time High

$ 0.645

13 Feb 2021


All Time Low

$ 0.00477

12 May 2022


From ATH

97.1%

From ATL

291.1%

What is Hegic (HEGIC)?

Hegic (HEGIC) is an Ethereum based options trading platform. It makes use of specialized smart contracts, hedge contracts, and liquidity pools to power its platform and was founded in 2020 by a developer using the pseudonym Molly Wintermute. 

The project aims to bring transparency, trustlessness, and direct on-chain settlements to crypto trading, in particular for Ethereum based assets. The platform allows traders to buy and sell put and call options for ETH and wBTC, amongst other assets.

HEGIC is the platform’s native token. To see the current price of HEGIC please view our live price chart above.

What are Hegic (HEGIC)’s key features and how does it work?

The Hegic platform uses hedge contracts. There are two main types of users who are part of the hedge contract process. These are buyers of hedge contracts and writers of hedge contracts. Contract holders, or buyers, are given the right to buy and sell an asset at a predetermined price (strike price), and obligate contract writers, or sellers, to buy or sell an asset during a certain time frame. As such, the Hegic model incorporates aspects from traditional finance with crypto options trading to increase its functionality.

Liquidity pools also form a key component of the Hegic Platform. These are designed especially to gather and accumulate liquidity from many liquidity providers, or writers of hedge contracts, in order to reduce potential risk and offer deep liquidity. Hegic liquidity pools are non-custodial, which means that no third party has access to funds except for the holders who have purchased the hedge contract.

Hegic’s native token is known as HEGIC, it is a utility token. It is an ERC-20 standard token that is predominantly used for distributing rewards. Users can earn HEGIC by holding the token.

Specific benefits of holding HEGIC include:

  • 30% discount when purchasing hedge contracts on the Hegic platform
  • Priority unlocks on liquidity for hedge contact writers
  • Liquidity providers can earn HEGIC, as well as premiums paid in ETH and wBTC

What is noteworthy about Hegic (HEGIC)?

For options traders, the move to DeFi offers various advantages over centralized trading platforms. Some of Hegic’s key advantages include:

  • No KYC
  • Censorship-resistant and non-custodial trading
  • Verifiable on-chain settlements
  • Yield earning

Additionally, Hegic plans to develop its range of products and expand its offerings to various assets in the Ethereum ecosystem, and further finetune its hedge contract functionalities.

Hegic Price Today

Hegic's current price is $ 0.0187, it has increased +8.63% over the past 24 hours.

Hegic's All Time High (ATH) of $ 0.645 was reached on 13 Feb 2021, and is currently -97.1% down.

The current circulating supply of Hegic is 1.08 Billion tokens, and the maximum supply of Hegic is 1.08 Billion.

Hegic’s 24 hour trading volume is $ 31.49 Thousand.

Hegic's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 20.12 Million.

You can find more details about Hegic on its official website and on the block explorer.

Trending Coins and Tokens Flame icon