Details about 0xDAO cryptocurrency
€3
31,499,809
49.088
Unknown
https://www.oxdao.fi/
@0xDAO_fi
452701000x
€37614.9
0xDAO price charts
OXD exchanges
0xDAO, the crypto
0xDAO (OXD) is a decentralized autonomous organization (DAO) based on the Ethereum blockchain. OXD is the native governance token of the 0x Protocol, which is designed to make it easier to trade Ethereum-based tokens.
The point
The main point of 0xDAO (OXD) is to provide a decentralized governance mechanism for the 0x Protocol. Holders of OXD can submit proposals and vote on changes to the protocol, such as adding new features or modifying existing ones. This helps ensure that the protocol evolves to meet the needs of the community.
The problem
0xDAO (OXD) tries to solve the problem of trust in decentralized exchanges (DEXs). DEXs allow users to trade tokens without trusting a centralized intermediary, but they can be slow and expensive due to the high cost of executing trades on the Ethereum blockchain. The 0x Protocol solves this problem by allowing users to execute trades off-chain, reducing transaction costs and increasing speed. Additionally, the protocol is designed to be modular and extensible, allowing developers to add new features as needed.
Compare OXD and BTC performance
| Timeframe | OXD | BTC |
|---|---|---|
| 1h change | -0.454199 % | 1.00456 % |
| 24h change | 3.2 % | 0.313361 % |
| 7 day change | 22.68 % | 4.77707 % |
| 14 day change | 5.8 % | -8.09825 % |
| 30 day change | 8.48 % | -7.22448 % |
| 200 day change | -83.86 % | 127.217 % |
| Year change | -84.63 % | 133.126 % |