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Cryptocurrencies/Coins/Darma Cash (DMCH)
Darma Cash price, market cap on Coin360 heatmap

Darma Cash(DMCH)

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?
? SAT
Market Cap (Rank#462)
?
? BTC
Vol 24h
?
? BTC
Circulating Supply
218,094,331
Max Supply
460,000,000
127 days agocryptodaily
Disney & Tesla Tracking Token Issuer DeFiChain Brings Futures Contracts With the New Hardfork
In an announcement yesterday, the Singapore based Proof of Stake blockchain DeFiChain activated the long awaited hardfork which brings a slew of new features to the Bitcoin network based chain. Futures comes to DeFiChain DeFiChain, most popularly known for its dTokens which are crypto tokens that mimic the price of the actual stock they are based on, had already hinted about the hard fork. Named as The Fort Canning Road, this hard fork aims to fix one of the biggest issues with the dTokens at the moment. Currently these dTokens face a premium pricing issue due to which most of these tokens’ trading price is at 10% - 15% premium over the price of the underlying stocks it mimics. By solving this problem, DeFiChain intends to encourage investors to long on their dTokens. Iterating on the same, U-Zyn Chua, Lead Researcher at DeFiChain, said: “Bringing dTokens closer to their real world counterparts will make them significantly more attractive for investors and pave the way for the future adoption of DeFiChain. Additionally, the futures contracts offer lucrative arbitrage opportunities for traders.” But apart from this another huge development that The Fort Canning Road fork will bring to the blockchain will be the futures contracts. Unlike Futures and Options Trading, these futures contracts will be used to constrict the price of the dTokens within a +/-5% range of the price of the stock they follow. Since every week, the dTokens will be brought back within the said range, it will give the users a ‘low-risk, short term arbitrage’ opportunity. DeFiChain users who aren’t well versed with the actual Futures and Options Trading, can prepare themselves this way for when the latter services arrive this year. DeFiChain expands further While the blockchain already has a bunch of dTokens available, the chain continues to expand to add more options for its users. Just this week, four new tokens were added to the list of dTokens including $dDIS - Walt Disney Co, $dMCHI - iShares MSCI China ETF, $dMSTR - MicroStrategy Incorporated, and $dINTC - Intel Corporation. But as the blockchain grows the effect of the broader market continues to affect the price of DeFiChain’s native token DFI which witnessed a 6.66% fall yesterday. Consequently the Relative Strength Index (RSI) slipped into the bearish-neutral zone today. But if DFI recovers quickly, it could see its price rise from $4.2 at the moment to get closer to the all time high of $5.43 Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
131 day agocryptodaily
Disney, MicroStrategy, Intel & iShares MSCI China ETF Tracking Tokens Added by DeFiChain
Building on the back of Bitcoin's security, transparency, and decentralization and upgrading it with DeFi features DeFiChain intends on bringing Decentralized Finance to individuals around the world. Now, the crypto-ecosystem's services are being expanded to include four new dTokens. DeFiChain adds Mickey Mouse’s House and more With the Ticker Voting, the community agreed to add the new tokens that can be minted and traded on the DeFiChain platform. The four new tokens added are $dDIS - Walt Disney Co, $dMCHI - iShares MSCI China ETF, $dMSTR - MicroStrategy Incorporated, and $dINTC - Intel Corporation. As a solution to this problem, DeFiChain issues these dTokens, which give investors exposure to the asset they choose to invest in without actually investing. The dTokens basically track the price of the security without actually collaterizing it with the underlying security. Owning these dTokens, however, does not provide the user with an ownership stake in the company such as traditional shares do. These tokens are purely for investment purposes. Thus, By combining traditional finance with the decentralized capabilities of cryptocurrency, DeFiChain provides a hybrid solution for investors that like to keep a foot in both boats. Iterating the same, the Lead Engineer at DeFiChain, Prasanna Loganathar, stated, “DeFiChain is continuously expanding the dToken universe to give users a serious alternative to the traditional financial broker - all whilst offering the flexibility and benefits of decentralization.” The future of investment in securities? Since DeFiChain in many ways releases investors from the political and bureaucratic tether, it can be understood why there is so much demand for these tokens. Although, beyond just investment these dTokens can also be traded and transferred to anyone around the world. In fact by simply depositing Bitcoin, USDC, USDT, and other valid assets as collateral, DeFiChain users can liquidity mine on the DeFiChain DEX. Globally, this provides an entire new market for investors who would like to acquire tokens whose prices reflect securities such as Tesla, Apple, Alibaba, GameStop, Nvidia, Amazon, Microsoft, Netflix, Meta, and so on. However, while the prospect of DeFi is very appealing, the risks associated with it must not be taken lightly. Just last month, the Axie Infnity’s Ronin bridge witnessed an exploit of $625 million which became the biggest known hack in the history of crypto. Furthermore, the regulations around cryptocurrencies and investment in digital assets of all sorts also create hindrance for tokens such as dTokens. A few days after the EU’s ‘proof of work ban’ was defeated, the EU Parliament after the ECON-LIBE voting session passed the bill which will place self-hosted wallets at the brink of extermination. According to the bill, crypto service providers will be forced to reveal the identities of the wallets’ hosts. Hence, investors should always watch for any developments that could affect their investments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Darma Cash

The live price of Darma Cash (DMCH) today is ? USD, and with the current circulating supply of Darma Cash at 218,094,331 DMCH, its market capitalization stands at ? USD. In the last 24 hours DMCH price has moved 0.026752 USD or 0.10% while 53,147 USD worth of DMCH has been traded on various exchanges. The current valuation of DMCH puts it at #462 in cryptocurrency rankings based on market capitalization.

Learn more about the Darma Cash blockchain network and how it works or follow the price of its native cryptocurrency DMCH and the broader market with our unique COIN360 cryptocurrency heatmap.

Darma Cash Price? USD
Market Rank#462
Market Cap? USD
24h Volume? USD
Circulating Supply218,094,331 DMCH
Max Supply460,000,000 DMCH
Yesterday's Market Cap64,545,920 USD
Yesterday's Open / Close0.269247 USD / 0.295999 USD
Yesterday's High / Low0.296477 USD / 0.265371 USD
Yesterday's Change
0.10% ( 0.026752 USD )
Yesterday's Volume53,146.55 USD
Mining Info
Hashing algorithmCryptoNight
Pools (known)1
Pools Hashrate281.43 kH/s
Network Hashrate197.92 kH/s
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