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dopex

Dopex Price (DPX)

#479
$140.55
11.64%
฿0.00682321
9.43%
Market Cap

The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply (the total number of mined coins).

Market Cap = Current Price x Circulating Supply.
$41.3M
Volume 24h

Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.

$335.3K
Circulating Supply

Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available.

295,754
Total Supply

The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones.

Total supply = Onchain Supply - Coins Removed from Circulation
500,000
Fully Diluted Valuation

The fully diluted market value is referring to a cryptocurrency's market cap when/if its total supply is issued.

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Dopex Price Chart (USD)

24H Change

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Dopex Price Update

Dopex price is $140.55 , up 11.64% in the last 24 hours, and the live market cap is $41.3M . It has a circulating supply volume of 295,754 DPX coins and a max. Supply volume of 500,000 DPX alongside $41.3M 24h trading volume.
The addresses and transactions of Dopex can be explored in https://etherscan.io/token/0xeec2be5c91ae7f8a338e1e5f3b5de49d07afdc81 and https://ethplorer.io/address/0xeec2be5c91ae7f8a338e1e5f3b5de49d07afdc81 .
Dopex website is https://www.dopex.io/.

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About Dopex

Dopex Price


Dopex is a decentralized options protocol that provides maximum liquidity while minimizing losses for option writers and maximizing gains for option buyers.


The protocol uses a dual token system based on the native cryptocurrencies DPX and rDPX.


Check the DPX current price, market cap rank, circulating supply, trading volume, historical statistics, etc., along with in-depth information on several of the biggest and fastest-growing cryptocurrencies on CoinStats, one of the best crypto platforms around.


CoinStats is a cryptocurrency research and portfolio tracker app that provides investment advice and valuable information on cryptocurrencies, including their real-time prices, to help investors make better decisions.


Read on to learn everything you need to know about the Dopex protocol and the DPX token.


What Is Dopex


The word Dopex stands for "decentralized options exchange." Dopex is a decentralized protocol that allows users to earn passive income through option pools.  It offers advantages to both options buyers and sellers by delivering a permissionless and composable options product and ensuring fair, optimized, and competitive option pricing and a simplified trading experience. Users can provide base/quote for their respective pools, earn passive income by writing, and purchase discounted options through liquidity pools. Dopex offers a user-friendly platform, meaning that anyone can participate in an option pool.


Options are financial contracts that allow investors to predict the prices of underlying assets. In options trading, a call option means that the buyer bets on the underlying asset’s price increasing while the seller bets on the price decreasing.  A put option is the opposite, meaning that the buyer bets on the asset’s price decreasing, while the seller bets on the price increasing.


Options also have a premium that buyers pay upfront for the rights granted by the contract. Options contracts offer buyers an opportunity to hedge bets, short assets, or take on leverage. While sellers can take the other side of those trades and simultaneously earn passive income by collecting premiums.

Dopex provides a decentralized environment for traders to access deep liquidity, low prices, and capital efficiency in a simple way.


Dopex Founders


The founder of the Dopex protocol goes by the pseudonym TzTokChad, and the lead developer of the project is Witherblock. Identities of the team members aren't revealed.


Dopex was launched through a public sale, which took place in June 2021. As a result of the Initial Coin Offering (ICO), DPX raised $7.5 million. At the time, the DPX price was $134.


DPX has a total supply of 500.000 tokens. 15% of this amount (75.000 tokens) was distributed during the public sale. The rest of the supply was allocated for operational goals (17%), liquidity mining (15%), platform rewards (30%), and distributed between founders (12%) and early investors (11%).

DPX token has a market cap of over $190.6 million.


How Does Dopex Work


Dopex was launched on Arbitrum, an Ethereum Layer 2 scaling solution that leverages Optimistic Rollup technology to process high-speed transactions and reduce fees for options purchasing.


Dopex currently offers only one product called Single Staking Option Vaults, which represents a simplified way to buy and sell options by providing deep liquidity for option buyers and automated, passive income for option sellers.


The protocol has two tokens; Dopex (DPX) and Dopex Rebate Token (rDPX).


DPX is a governance token, which allows token holders to vote on proposals. Also, users pay protocol fees via DPX.


rDPX is a rebate token for options writers. In case of losses, the Dopex protocol issues rDPX tokens based on the net value of losses and distributes them to option pool participants, thereby sharing risks of option writing between all liquidity providers.


In comparison to DPX, the supply of rDPX isn't capped.


rDPX also has other use cases which increase the value of the token. rDPX is used as collateral for borrowing funds for margin and other utility purposes.

Among Dopex’s advantages is that all options contracts are ERC-20 tokens, meaning they’re liquid, transferable, and composable. Anyone building in DeFi on Ethereum can use Dopex’s options and integrate them into their protocols.


How To Buy Dopex


Some cryptocurrencies, like Dopex, can only be purchased with another cryptocurrency on decentralized exchanges. To buy Dopex, you’ll need first to purchase Ethereum (ETH) and then use ETH to buy Dopex. To proceed, you'll need a self-custody wallet such as the Coinbase wallet or the CoinStats wallet.


You can buy Dopex on crypto exchanges Hotbit, Bilaxy, and XT.com. Also, you can purchase the token on decentralized exchanges OpenOcean, Uniswap, and SushiSwap.


Buying rDPX is possible on Uniswap and SushiSwap.

No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on it. Trading is a highly risky activity that can lead to major losses; please, therefore, consult your financial advisor before making decisions. No content on our site is meant to be a solicitation or offer.

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