OPIUM

OpiumOPIUM

Rank #894
Token
On 3,107 watchlists

Opium Price (OPIUM)

$2.14
0.63%

0.00005919 BTC0.63%

0.0009595 ETH0.63%

Low:$2.13
High:$2.18
24h
OPIUM  Opium OPIUMPrice: $2.14 0.63%
Market Cap
$8,895,082
0.63%
Market Cap / TVL Ratio
16.83
Fully Diluted Market Cap
$213,762,228
25.01%
Total Value Locked (TVL)
$528,413
Volume
24h
$68,218,246
0.94%
Volume / Market Cap
7.67
Circulating Supply
4,161,204.00 OPIUM
4%
Max Supply
100,000,000
Total Supply
--

Opium Chart

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OPIUM Price Live Data

The live Opium price today is $2.14 USD with a 24-hour trading volume of $68,218,246 USD. Opium is down 0.63% in the last 24 hours. The current CoinMarketCap ranking is #894, with a live market cap of $8,895,082 USD. It has a circulating supply of 4,161,204 OPIUM coins and a max. supply of 100,000,000 OPIUM coins.

If you would like to know where to buy Opium, the top exchanges for trading in Opium are currently Gate.io, Hoo, MXC.COM, Uniswap (V2), and 1inch Exchange. You can find others listed on our crypto exchanges page.

What Is Opium (OPIUM)?

Opium is a new platform for launching and trading cryptocurrency derivatives.

Having begun operations in May 2020, Opium uses Ethereum to run a decentralized derivatives marketplace in which any cryptocurrency owner can participate.

The aim of the platform is to democratize access to financial derivatives while using the benefits that decentralization affords traders over legacy alternatives.

Opium’s in-house token, OPIUM, launched in January 2021 and will fulfil various roles mostly centered around platform governance. Active users will be able to vote on some of the most important decisions involved in the platform’s operations.

Who Are the Founders of Opium?

Opium has a team involved in the creation of decentralized finance (DeFi) tools since 2017. These include three products built on top of the Opium protocol.

The platform’s CEO and co-founder is Andrey Belyakov. A member of the Chartered Financial Analyst (CFA) Institute, Belyakov’s experience lies in the professional derivative trading and fund management sectors, in which he has over 20 years’ experience with assets under management portfolios of €20 million and over. He has been involved in the cryptocurrency sector since 2015.

Arjan van der Kooij, Opium’s second co-founder, is a Dutch entrepreneur and private investor with a focus in IT and technology startups.

What Makes Opium Unique?

Opium in its official whitepaper states that it aims to become the “Bloomberg of decentralized derivatives.”

Built on the Ethereum network, its platform allows anyone with a wallet to begin trading crypto derivatives and build and launch associated contracts.

Begun before the DeFi movement appeared, a longer-term strategy has always been to attract traders away from traditional derivatives platforms. When the first Bitcoin (BTC) derivatives launched in the form of futures in late 2017, the floodgates were opened, but it took a long time for genuine interest to soar and for derivatives to become part of the cryptocurrency landscape. Opium intends to speed up the process by democratizing entry.

Trades on the Opium platform attract an optional derivative fee, which if implemented sees 90% go to the creator and 10% retained by Opium.

Future plans include the launch of a V2 exchange, as well as so-called Layer 2 functionality which will decrease the likelihood of users facing losses when Ethereum gas fees become overly high.

Read more about Uniswap (UNI) here.

Read more about Aave (AAVE) here.

Learn more about crypto derivatives markets here with Alexandria, CoinMarketCap’s dedicated education resource.

Interested in more information about crypto? Check out the CoinMarketCap blog.

How Many Opium (OPIUM) Coins Are There in Circulation?

The in-house token of Opium is OPIUM. Built as an ERC-20 token on Ethereum, OPIUM will be released according to a specific roadmap after launch.

Out of a total supply of 100 million, 60% of the tokens will go towards an active users fund, with users themselves deciding how many tokens will be available for release at set intervals. Users will also decide on what level of engagement constitutes being “active.”

Another 16% of the supply will go towards investors and advisors with a broad two-year vesting schedule.

The remaining 24% will be split — 14% will go to the Opium team, while 10% will form a so-called Governance Reserve Fund, once again under the control of users via decentralized autonomous organization (DAO).

How Is the Opium Network Secured?

Opium completed a professional independent audit of its operations using SmartDec, the results of which are publicly available online.

SmartDec offers a disclaimer that a single audit is not enough to be entirely certain of the security Opium’s code.

For everyday users, standard risks include those involved with derivatives more broadly. Without due diligence and a suitable strategy, it is possible to lose large amounts of money very quickly during times of market volatility.

CoinMarketCap has a dedicated introduction to crypto derivatives which offers more information.

Where Can You Buy Opium (OPIUM)?

OPIUM is not yet freely tradeable as of the time of writing this page (January 2021), as distribution has only just started. As of Jan. 28, 2021, OPIUM is available on Zerion. This situation will soon change and the information will be updated as the token becomes supported by more exchanges.

If you’re still a cryptocurrency newbie, read our easy guide to buying Bitcoin or any other cryptocurrency.

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OPIUM

Opium

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USD

United States Dollar

OPIUM Price Statistics

Opium Price Today
Opium Price$2.14
Price Change24h$-0.01365
0.63%
24h Low / 24h High
$2.13 /
$2.18
Trading Volume24h$68,218,245.55
0.94%
Volume / Market Cap7.67
Market Dominance0.00%
Market Rank#894
Total Value Locked (TVL)$528,413
Opium Market Cap
Market Cap$8,895,082.36
0.63%
Fully Diluted Market Cap$213,762,227.59
25.01%
Opium Price Yesterday
Yesterday's Low / High
$2.13 /
$2.31
Yesterday's Open / Close
$2.25 /
$2.16
Yesterday's Change

3.94%

Yesterday's Volume$68,268,113.11
Opium Price History
7d Low / 7d High
$2.05 /
$2.54
30d Low / 30d High
$2.02 /
$4.98
90d Low / 90d High
$2.02 /
$12.98
52 Week Low / 52 Week High
$2.02 /
$21.00
All Time High
Feb 03, 2021 (5 months ago)
$21.00
89.82%
All Time Low
Jun 12, 2021 (8 days ago)
$2.02
5.94%
Opium ROI
No Data
Opium Supply
Circulating Supply4,161,204 OPIUM
Total SupplyNo Data
Max Supply100,000,000 OPIUM