DITTO

DittoDITTO

Rank #1428
Token
On 2,680 watchlists

Ditto Price (DITTO)

$0.9752
10.87%

0.00001767 BTC7.83%

0.0004565 ETH5.48%

Low:$0.9519
High:$1.11
24h
DITTO  Ditto DITTOPrice: $0.9752 10.87%
Market Cap
$2,506,332
10.87%
Fully Diluted Market Cap
$2,506,332
10.87%
Volume
24h
$316,389
25.54%
Volume / Market Cap
0.1262
Circulating Supply
2,570,142 DITTO
Max Supply
--
Total Supply
2,570,142

Ditto Chart

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DITTO Price Live Data

The live Ditto price today is $0.975173 USD with a 24-hour trading volume of $316,389 USD. Ditto is down 10.87% in the last 24 hours. The current CoinMarketCap ranking is #1428, with a live market cap of $2,506,332 USD. It has a circulating supply of 2,570,142 DITTO coins and the max. supply is not available.

What Is Ditto (DITTO)?

Ditto is a decentralized finance (DeFi) project that runs on the Binance Smart Chain (BSC). It is a fork of the Ampleforth (AMPL) protocol. The goal of the project is to maintain a stable price of $1. Ditto achieves this by altering the supply of the token based on the demand.

When a token has an elastic supply, the number of tokens in circulation can either decrease or increase depending on the situation. Hence, its supply is not limited, as it automatically changes relative to demand through a balancing process called Rebase.

Depending on the price target, a rebase can either be positive or negative. The rebase aims to adjust the token price to the price target, which in the case of DITTO is set at $1. If the price falls below the target, a negative rebase occurs. As a result, the supply drops and the price is expected to increase to the target value.

The opposite happens when the price is higher than the price target: a positive rebase occurs. The supply rises and DITTO price drops to the target.

Regardless of the current rebase, the ratio of the users’ funds to the total supply will always remain the same. The project offers two ways through which users can make profits. They can either earn when there is a positive rebase or when the market capitalization increases.

Who Are the Founders of Ditto?

Ditto is an open-source project that launched in December 2020. It was the second initial futures offering (IFO) on PancakeSwap. The Github account related to the project names two contributors, which are known as developerfred and chefchansey.

What Makes Ditto Unique?

The project’s uniqueness lies in the elastic supply. Through dynamic rebasing, DITTO can be adjusted towards the price target. The rebase remains active until DITTO reaches the peg price.

Rebasing can be activated up to 6 times per day. The idea behind the rebasing is that a token’s nominal price will move towards its target over time.

The flexible rebasing ensures that the token stays unaffected by the extreme price movements of other cryptocurrencies. The rebase configuration and admin functionality is stored on a smart contract called Ditto Master.

The fact that it is based on the Binance Smart Chain allows Ditto to support lower fees and faster transactions. Ditto does not rely on any external oracles to generate price feeds. Instead, it uses a time-weighted average price (TWAP) to generate on-chain price feeds. It also recently introduced cross-chain swaps on its network.

How Many Ditto (DITTO) Coins Are There in Circulation?

DITTO is an elastic supply token that runs on the BSC. As of March 2021, it has a circulating supply of 2,570,142 tokens. 70% of the DITTO supply was allocated to the public sale, 15% to liquidity providers’ (LP) staking rewards, 10% to the ecosystem fund and the remaining 5% to initial liquidity.

Learn more about tokenomics.

Learn more about proof-of-stake.

Learn more about mining Bitcoin.

How Is the Ditto Network Secured?

DITTO is a BEP-20 token. Unlike ERC-20 tokens, BEP-20 tokens run on the Binance Smart Chain.

Where Can You Buy Ditto Coins (DITTO)?

You can trade the DITTO token on the following exchanges:

Click here to learn more about how to buy Bitcoin and other cryptocurrencies.

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DITTO

Ditto

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USD

United States Dollar

DITTO Price Statistics

Ditto Price Today
Ditto Price$0.9752
Price Change24h$-0.119
10.87%
24h Low / 24h High
$0.9519 /
$1.11
Trading Volume24h$316,389.36
25.54%
Volume / Market Cap0.1262
Market Dominance0.00%
Market Rank#1428
Ditto Market Cap
Market Cap$2,506,332.07
10.87%
Fully Diluted Market Cap$2,506,332.07
10.87%
Ditto Price Yesterday
Yesterday's Low / High
$0.8866 /
$1.11
Yesterday's Open / Close
$0.8997 /
$0.9858
Yesterday's Change

9.57%

Yesterday's Volume$319,828.79
Ditto Price History
7d Low / 7d High
$0.8601 /
$1.05
30d Low / 30d High
$0.7746 /
$1.18
90d Low / 90d High
$0.4394 /
$2.88
52 Week Low / 52 Week High
$0.4394 /
$2.88
All Time High
Feb 11, 2021 (2 months ago)
$2.88
66.09%
All Time Low
Feb 12, 2021 (2 months ago)
$0.4394
121.94%
Ditto ROI
No Data
Ditto Supply
Circulating Supply2,570,142 DITTO
Total Supply2,570,142 DITTO
Max SupplyNo Data