dHedge DAO (DHT) is a governance and utility token for a decentralized, non-custodial asset management protocol. It enables investors to mimic top-performing managers and empowers managers through unique asset pool mechanisms. The token facilitates decentralized governance, incentivizes investors and managers, and is built on Ethereum Layer 2 blockchains.
The dHedge DAO (DHT) token is the native cryptocurrency of the dHedge platform, a decentralized, non-custodial asset management protocol built on Ethereum Layer 2 (L2) blockchains. The primary use cases of DHT tokens include:
Governance: DHT holders have the ability to make decisions on the protocol, such as modifying fees and administrative charges. This ensures that the platform is run in a decentralized manner, with the community having a say in its development and operations.
Staking Rewards: DHT holders can earn rewards in DHT and sUSD by staking their tokens. This incentivizes users to participate in the governance and maintenance of the platform.
Administration Fees: DHT holders can decide on administrative fees charged on the platform, which are used to cover operational expenses such as infrastructure maintenance and transaction processing.
Incentivizing Managers: DHT tokens can be used to incentivize top-performing managers to earn greater returns, which in turn attracts more users to the platform.
Access to Advanced Trading Tools: DHT tokens grant users access to advanced trading tools and strategies on the dHedge platform, enhancing their trading experience.
Overall, the DHT token plays a crucial role in maintaining the decentralized nature of the dHedge platform and ensuring that users have control over their assets while benefiting from the expertise of top-performing managers.
To store dHedge DAO (DHT) tokens, you can use any ERC-20 compatible wallet. This allows you to buy, store, and sell trust minimized vault tokens at any time without lock-up periods. The dHEDGE protocol is built on Ethereum Layer 2 (L2) blockchains, ensuring a decentralized, non-custodial, and verifiable environment for managing your DHT tokens.
To buy dHedge DAO (DHT) tokens, you can follow these steps:
Choose a Centralized Exchange (CEX): Select a reliable and trustworthy crypto exchange that supports dHedge DAO (DHT) purchases. Consider factors such as ease of use, fee structure, and supported payment methods. Examples of exchanges that support DHT include Gate.io and Binance.
Create an Account: Enter the required information and set a secure password. Enable two-factor authentication (2FA) using Google Authenticator and other security settings to add an extra layer of security to your account.
Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may vary based on your nationality and region. Passing KYC verification will grant you access to more features and services on the platform.
Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method. The information you need to provide may vary depending on your bank's security requirements.
Buy dHedge DAO (DHT): Once your account is set up, you can buy DHT using fiat currency if supported. Alternatively, you can do a crypto-to-crypto exchange by first purchasing a popular cryptocurrency like USDT and then exchanging it for DHT.
Additionally, you can also use decentralized exchanges (DEXs) like Uniswap or non-custodial wallets like KuCoin Wallet or MetaMask to buy and store DHT.
