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What Is LDO Coin and How To Buy LDO Coin?

What Is LDO Coin

LDO coin is an Ethereum token that grants governance rights in the Lido DAO. The Lido DAO manages a set of liquid staking protocols, determines key parameters (such as fees) and performs protocol upgrades to ensure efficiency and stability. By holding LDO coin, one can gain voting rights in the Lido DAO. The more LDO coin locked in the user voting contract, the more decision-making power the voter gets. Lido DAO is a community building liquid staking services for Ethereum. Lido allows users to earn staking rewards without locking up assets or maintaining staking infrastructure.

 

The release date of is LDO coin 2021-01-05, and the maximum supply is 1,000,000,000. LDO coin allows you to stake tokens from many networks. Lido builds the most advanced liquid staking protocol to develop the staking economy. Lido allows users to stake their assets for daily staking rewards. Users can stake any number of tokens - there are no minimums. When staking Lido, the staked tokens you mint are pegged 1:1 to your initial stake. Your staked tokens can be used across the DeFi ecosystem to increase your earnings. Lido allows you to use your staked assets to earn on top of your earnings. The number of DAO participants is growing every day, with contributors working together to build Lido's future.

 

How Is LDO Coin Allocated?

Currently, founding members have LDO coin locked for 1 year, after which the tokens will vest for 1 year. This means that founding members will have the possibility to transfer some of their tokens after one year and get all tokens transferable within two years. The only unlocked LDOs in existence are in the DAO repository (~36% of the total supply) - anyone can suggest how to use them, including you. If you have any initiatives or you know how to benefit the Lido protocol, please share your thoughts with governance. In addition to this, the DAO may decide to issue additional tokens for fundraising, marketing or incentive purposes.

 

LDO coin is a defi project. To be a pledge service platform for Ethereum 2.0. Later, it expanded its business, such as the staking service of solana chain, matic chain, atom astro, luna, dot Polkadot, etc. It can be said that LDO coin is a non-custodial multi-chain liquidity staking solution.

 

How To Buy LDO Coin?

To trade LDO coin, you need a reliable exchange such as  Binance, Bitfinex, Coinbase and FTX. 

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Disclaimer: Cryptocurrency investment is subject to high market risk. TOPSINMETA is not responsible for any of your trading losses. The opinions and statements made above should not be considered financial advice.