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What is HEGIC coin and how does it work?

by Financial Economy

HEGIC Coin is the native cryptocurrency of Hegic, an options trading protocol built on the Ethereum Blockchain. Users can perform all option transactions using Hegic. Information about some topics that what is HEGIC coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about Yooshi coin.

What is HEGIC coin and how does it work?

Hegic (HEGIC) is a cryptocurrency that gives its owner both economic and management rights. In addition, fee payments on the platform can also be made with HEGIC coin.

On the other hand, as Ethereum’s DeFi space has become more diverse, a comprehensive solution for creating and trading options has become a necessity, and Hegic is trying to meet this need with built-in and verifiable options on the chain.

What does HEGIC token do?

Hegic is a decentralized options trading platform on Ethereum. With the token, put and call options can be bought for ETH and WBTC. Options in decentralized finance (DeFi) work best for those looking to speculate, hedge their positions, or provide liquidity. Hegic Protocol is an on-chain trading protocol powered by liquidity pools and hedging contracts.

HEGIC coin is Hegic’s native token. The token is an ERC-20 token that is primarily used to distribute rewards and as the platform’s general utility token. While users can earn rewards in the form of ETH and wBTC, liquidity providers and platform users can also earn HEGIC and receive special benefits by holding the token.

Which exchange is HEGIC coin on?

HEGIC coin is listed on some cryptocurrency exchanges such as OKX, MEXC, BingX, DigiFinex, KuCoin, etc.

How to buy HEGIC coins?

Hegic  coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

HEGIC coin supply!

Total and maximum supply of Hegic coin is HEGIC.

HEGIC coin price!

As of July 7, 2022, at the time of the writing, 1 Hegic coin price is around $0,00689 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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