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DJED Price Today
The live Djed price today is $0.99730098 with a 24-hour trading volume of $14,887.53. Djed is -1.13% in the last 24 hours.The current MyToken ranking is #-- ,with a live market cap of $4,008,255.41 . It has a circulating supply of 4,019,107 DJED and a max supply of 1,000,000,000,000 DJED.
What Is Djed?
Djed is the first over-collateralized ADA-backed stablecoin contract on the Cardano network. It operates by reserving a base coin (ADA) and minting and burning stablecoins and reserve coins. The contract maintains the stablecoin’s peg to the target price by buying and selling the stablecoin, using the reserve, and collecting fees accumulated in the reserve.
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