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HERMES

HERMES HERMES Price N/A

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DeFi

HERMES Price

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General Info

Contracts/Explorers:

Avalanche C-Chain

0xb15...dd82c
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Tags (Sub-Categories):

#Inactive

Funds and Backers

No funds found yet

Wallets

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Description

HERMES is an algorithmic stablecoin on Avalanche C Chain, pegged to the price of 1 AVAX via seigniorage

Links

Website
X (ex-Twitter)

HERMES (HERMES) Chart

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

Additional Data

ATH Market Cap

$ 614.64K

Total Supply

HERMES 9,879

Listing Date

11 Jan 2022

All Time High

$ 572.78

13 Jan 2022

All Time Low

$ 0.0731

13 Oct 2023

What is HERMES (HERMES)?

HERMES is an algorithmic stablecoin on Avalanche C Chain, pegged to the price of 1 AVAX via seigniorage. HERMES token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain HERMES peg of 1 HERMES = 1 AVAX in the long run. Note that HERMES actively pegs via the algorithm, it does not mean it will be valued at 1 HERMES : 1 AVAX at all times as it is not collateralized. HERMES is not to be confused with crypto or fiat-backed stablecoin.

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