PieDAO BTC++ Price Today
The price of PieDAO BTC++ (BTC++) is $28,293.96 today with a 24-hour trading volume of -. This represents a - price increase in the last 24 hours and a - price increase in the past 7 days. With a circulating supply of 12 BTC++, PieDAO BTC++ is valued at a market cap of $352,572.
What is PieDAO?
PieDAO is a Decentralized Autonomous Organization (DAO) that manages indexes made up of different assets. PieDAO aims to bring market accessibility and economic empowerment to anyone on the Ethereum network through the Pie Protocol.
PieDAO allows anyone to create a tokenized portfolio allocation with exposure in digital or traditional assets (via synthetic assets) or both. In short, Pie DAO is similar to Index funds or Exchange-Traded Funds (ETF) in traditional finance with more flexible portfolio customization.
What is PieDAO BTC++?
PieDAO BTC++ is an index that comprises different representations of Bitcoin on Ethereum. Currently, the index consists of wBTC, pBTC, imBTC, and sBTC. These four types of tokenized Bitcoin are represented equally in this index.
The idea behind the BTC++ index is that it helps diversify the risk exposure on any particular type of tokenized bitcoin. Investors can minimize their losses if one of the tokenized versions gets hacked or experiences a smart contract failure.
How does PieDAO BTC++ work?
The PieDAO BTC++ smart contract is deployed on the Balancer Pool. BTC++ is minted through smart contracts whereby the underlying tokens would be purchased from decentralized markets or from users who are supplying liquidity to the pool.
Users who supply either WBTC, pBTC, imBTC, and sBTC can earn the liquidity provider fees of 0.2%. The reserves from the protocol back PieDAO BTC++. The Balancer pool is set to automatically rebalance the underlying assets to take up an equal proportion of the index. This ensures that the exposure to bitcoin is mitigated.
Where can I get PieDAO BTC++?
You can buy PieDAO BTC++ from an exchange such as Uniswap or Balancer. Alternatively, you can also mint PieDAO BTC++ by supplying WBTC, pBTC, imBTC, and sBTC.
Where can you buy PieDAO BTC++?
BTC++ tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade PieDAO BTC++ is Balancer (v1), where the most active trading pair BTC++/ETH has a trading volume of $82.49 in the last 24 hours.
What is the daily trading volume of PieDAO BTC++ (BTC++)?
The trading volume of PieDAO BTC++ (BTC++) is $82.30 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for PieDAO BTC++ (BTC++)?
The highest price paid for PieDAO BTC++ (BTC++) is $1,558,905, which was recorded on Dec 10, 2021 (over 1 year). Comparatively, the current price is - lower than the all-time high price.
What is the all-time low for PieDAO BTC++ (BTC++)?
The lowest price paid for PieDAO BTC++ (BTC++) is $6,483.25, which was recorded on Apr 15, 2020 (almost 3 years). Comparatively, the current price is - higher than the all-time low price.
What is the market cap of PieDAO BTC++ (BTC++)?
Market capitalization of PieDAO BTC++ (BTC++) is $352,572 and is ranked #2613 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BTC++ tokens (12 tokens are tradable on the market today).
How does the price performance of PieDAO BTC++ compare against its peers?
With a price increase of 0.00% in the last 7 days, PieDAO BTC++ (BTC++) is underperforming the global cryptocurrency market which is up 3.40%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of PieDAO BTC++ today?
There are no votes on PieDAO BTC++ (BTC++) today. Be the first to vote and share this with your community.
How to add PieDAO BTC++ (BTC++) to MetaMask?
Adding PieDAO BTC++ (BTC++) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import BTC++ as a token. You can copy BTC++’s contract address (0x0327112423f3a68efdf1fcf402f6c5cb9f7c33fd) and import it manually, or if you've installed MetaMask's chrome extension, add BTC++ to MetaMask with one click on CoinGecko.
Add BTC++ to MetaMask.