Shadows Price (DOWS)

Shadows is a DeFi derivatives asset issuance and trading network built on the Binance and Polkadot ecosystem. Derivatives are financial assets whose value is derived through instruments such as currencies, commodities, stocks, and market indexes. The platform aims to develop a decentralized trading platform to bring derivates to the DeFi space. Also, the platform intends to offer a wide range of financial offerings to the crypto trading community.

According to its whitepaper, Shadows was designed to redefine derivatives staking and funding opportunities on the blockchain with the help of smart contracts. However, developing smart contracts for the derivatives market enables the DeFi community to issue and trade derivatives assets with a crypto exposure. Thus, the platform aims to allow users to synthetically hold currencies, stocks, and commodities and earn yield for participating in the trading market.

Further, the Shadows network aims to connect physical assets to the blockchain so that physical asset value can be implemented through the Shadows protocol, enabling free flow of asset value and privacy of transactions. Also, through consistent cooperation and a completely complimentary collaboration mechanism, the teams intend to work closely with DuckDAO. By doing so, the platform seeks to provide more application cases while promoting the development of decentralized applications (dApps), issuance and transaction protocols for synthetic derivative assets, etc., for users globally to trade in digital assets.

DOWS is the native token that defines the value for real-world assets mapped on the Shadows ecosystem. To access the Shadows network, users must first stake DOWS and mint the traditional stablecoin currency, ensuring liquidity in the Shadow’s pool to support price fluctuations. Besides this, DOWS token holders can vote on system governance, such as adding new features, upgrading and fixing protocols, etc.

Additionally, by using the Shadows dApp, users can enter into smart contracts to participate in issuing synthetized products by providing collateral without actually holding the real assets. Synthesized products are the assets available on the Shadow Network bound by native token DOWS and can be issued only by locking DOWS collateral into a smart contract. The platform aims to issue one hundred million DOWS tokens for staking and other trading cases.

We update our Shadows to USD currency in real-time. Get the live price of Shadows on Coinbase.

The current market cap of Shadows is $100.38K. A high market cap implies that the asset is highly valued by the market.

The all-time high of Shadows is $0.0061. This all-time high is highest price paid for Shadows since it was launched.

Over the last 24 hours, the trading volume of Shadows is $0.00.

Assets that have a similar market cap to Shadows include CryptoTycoon, Mrweb Finance (new), Creaticles, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Shadows is 27 million.