DUO Network price is $0.00020125
The current price of DUO Network (DUO) is $ 0.00020125. Over the last 24 hours, the price has increased by +0.00%.
DUO Network is a decentralized platform built on the Ethereum blockchain, aiming to democratize finance by offering innovative decentralized finance (DeFi) products. The network's distinguishing feature is its dual-class token structure with Class A and Class B tokens, aimed at catering to specific financial needs of token holders - fixed income (Class A) or leveraged capital gains (Class B).
DUO Network was created by a team of experienced professionals in both the blockchain and financial technology industry, as per the information available on their official website. To date, they haven't disclosed the identities of individual team members.
DUO Network operates through a dual-class token structure, coupled with smart contracts and a market arbitrage mechanism.
The Class A Tokens, also known as Income Tokens, continuously accumulate interest based on their original net value at the last Reset event. They also receive token payments at each Reset event.
The Class B Tokens, also known as Leverage Tokens, give token holders the right to leveraged participation of the underlying digital assets held in the network.
The system's seamless operation is ensured by the Custodian smart contract which performs critical tasks such as the creation and redemption of DUO tokens, safekeeping of the underlying digital assets (like ETH), calculation of tokens' net values, and execution of Reset events.
The dual-class token structure of DUO Network is a novel financial design in the cryptocurrency space. It aims to provide token holders with an opportunity to earn fixed income (through Class A Tokens) without forgoing possible leveraged capital gains (through Class B Tokens).
What sets DUO Network apart is its distinctive approach to democratizing investment opportunities. It offers dual-class tokens that cater to different financial needs of investors, bridging the gap between decentralized finance and traditional financial products. This approach allows DUO Network to offer more flexible and diverse investment opportunities.
The current circulating supply of DUO Network tokens is 36.5M.
DUO Network tokens can be purchased on the following exchanges: BigONE, BitMax.
As with all cryptocurrencies, the safety of your DUO tokens depends on how securely you store them. For optimal security, it is advisable to use hardware wallets. Always make sure to store the private keys in a secure location. Remember not to share your private keys or wallet password with anyone.
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