Description
Cerberus is a decentralized reserve currency protocol launching under the 3DOG (?,?,?) token. Each 3DOG token is backed by a basket of assets, starting with meme coins, e.g. Shiba Inu (SHIB), Ethereum (wETH), and, eventually, stablecoins (DAI), all held in the Cerberus treasury, giving the 3DOG token an intrinsic value below which it cannot fall.
Given that Cerberus is a fork of the OlympusDAO protocol, Cerberus features the same economic and game theory dynamics that were introduced into the market by OlympusDAO through staking and bonding. What sets Cerberus apart from Olympus and its forks is that it harnesses the limitless power of meme coins, starting with SHIB, rather than relying chiefly on stablecoins to fill its treasury.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Cerberus DAO has established itself as a formidable player. It is currently ranked #137 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Cerberus DAO as a viable digital asset.
Tokenomics
The tokenomics of Cerberus DAO consist of a total supply of 36,265,670 tokens, out of which 30,825,812 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your Cerberus DAO tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, MyEtherWallet, Ledger, Trezor. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade Cerberus DAO, you can use various popular exchanges such as ArkenSwap. These platforms offer a seamless experience and allow you to manage your investments in Cerberus DAO with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
