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An Options Trading Protocol and AMM on Ethereum.
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Hegic is an Automated Market Maker (AMM) and exchange for on-chain crypto options trading on Ethereum.
HEGIC is the ERC-20 native utility token of the platform and has the following use cases:
Platform governance voting.
Rewards for liquidity mining and trading.
Staking in order to collect settlement fees from the platform.
Hegic currently allows WBTC and ETH options trading. Holders of supported assets can deposit and collateralize their assets to provide liquidity for options trading and earn rewards.
The HEGIC token was listed on the bonding curve contract via the Hegic website on September 9th 2020, with a start price of 0.0000069 ETH / HEGIC (~0.0027 USD) and a last price of 0.007537 ETH / HEGIC (~2.93 USD), selling 25.00% of the HEGIC total token supply to the public. The HEGIC token has a total supply of 3,012,009,888 HEGIC.