What is LDO coin? Introduction to the issue price, total amount and white paper of LDO coins

Lido's governance token, LDO, empowers holders to participate in protocol decisions, earn staking rewards, and contribute to the coin's deflationary mechanism.

Oct 04, 2024 at 06:17 am

What is LDO Coin?

1. Definition:

LDO is the native token of the Lido decentralized finance (DeFi) protocol, which allows users to stake various Proof-of-Stake (PoS) cryptocurrencies without giving up liquidity.

2. Issue Price:

• Initial Exchange Offering (IEO) price: $0.50
• Date: September 21, 2020

3. Total Amount:

• Initial supply: 1 billion LDO coins
• Max supply: 1 billion LDO coins

4. White Paper:

The Lido white paper was released on September 21, 2020, and provides detailed information about the protocol, its tokenomics, and its governance model.

Additional Details:

• Ticker: LDO
• Blockchain: Ethereum
• Token Type: Governance and utility
• Proof of Stake: Delegated Proof of Stake (DPoS)
• Mainnet Launch: December 16, 2020

LDO Coin Use Cases:

• Governance: LDO holders can participate in the Lido governance process by voting on protocol upgrades and changes.
• Staking Rewards: LDO holders who stake their tokens within the Lido protocol can earn additional rewards in the form of staked asset tokens.
• Deflationary Mechanism: A portion of the transaction fees generated by the Lido protocol are used to buy back and burn LDO coins, gradually reducing the circulating supply.