Question 1

What is Hegic?

Accepted Answer

Hegic is an American-style, on-chain AMM options trading protocol on Arbitrum.

You can trade BTC or ETH call and put options with ATM (at-the-money) and OTM (out-of-the-money) strikes, as well as multiple one-click strategies depending on market sentiment (Bullish, Bearish, High or Low Volatility).

For more details and information about how Hegic works, what are all the options strategies you can acquire and what is the role of $Hegic inside the ecosystem, check out Hegic’s [Learn section](https://www.hegic.co/app#/learn/introduction).

Question 2

Who Are the Founders of Hegic?

Accepted Answer

Hegic was founded by a pseudonymous DeFi developer and Twitter personality known as Molly Wintermute, who became active on January 28, 2020. Molly Wintermute’s tweets focus on the developments and upgrades to the Hegic platform and the statistics that highlight the daily volume records on the derivatives trading platform.

Question 3

What Makes Hegic Unique?

Accepted Answer

Some of Hegic’s key features are its ETH and DAI pools.

The Hegic ETH pool is non-custodial, and the liquidity providers can earn a premium in ETH. All of the deposited ETH in this pool is used for selling ETH call options, and holders of these options can swap their DAI for ETH at the strike price after they expire. In exchange, the one who purchases the option pays a premium. This premium is distributed to liquidity providers on a pro-rata basis when the option expires within two days or up to four weeks.

The DAI pool is for DAI liquidity providers and is typically used for selling ETH put options. This pool is meant for traders that want to purchase puts where providers supply their share of DAI for writeDAI tokens.

Question 4

How Many Hegic (HEGIC) Coins Are There in Circulation?

Accepted Answer

Hegic (HEGIC) has a circulating supply of 357,703,899 tokens and a maximum supply of 3,012,009,888 HEGIC as of February 2021.

Question 5

How Is the Hegic Network Secured?

Accepted Answer

The HEGIC token is an ERC-20 token. The maintenance and execution of hedge contracts do not depend on external price feeds. This is used to guarantee the security of active hedge contracts and to protect oracles from price attacks and exploits.

Question 6

Where Can You Buy Hegic (HEGIC)?

Accepted Answer

Purchasing, trading, or selling Hegic (HEGIC) can be done on the following exchanges:

*   [Binance](https://coinmarketcap.com/exchanges/binance/)
*   [OKEx](https://coinmarketcap.com/exchanges/okex/)
*   [ZT](https://coinmarketcap.com/exchanges/zt/)
*   [MXC.com](https://coinmarketcap.com/exchanges/mxc/)
*   [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/)

If you are interested in learning how to buy Bitcoin ([BTC](https://coinmarketcap.com/currencies/bitcoin/)), see our in-depth, step-by-step [guide](https://coinmarketcap.com/how-to-buy-bitcoin/).

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About Hegic

What is Hegic?

Who Are the Founders of Hegic?

What Makes Hegic Unique?

How Many Hegic (HEGIC) Coins Are There in Circulation?

How Is the Hegic Network Secured?

Where Can You Buy Hegic (HEGIC)?

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