Eidoo

EDOUSD denotes the market price of Eidoo (EDO) expressed in US dollars. It shows how many USD are required to buy one EDO and serves as the reference for trading, valuation, and settlement where EDO is paired against fiat currency.

Eidoo (EDO) is a blockchain-based cryptocurrency originally introduced in 2017 by the Eidoo team, a company that developed a multi-functional crypto wallet and related services. EDO is issued as an ERC‑20 token on the Ethereum network and was distributed at token launch with a predetermined supply. The token functions as a utility asset within the Eidoo ecosystem and is used for access to platform features and related services.

The EDOUSD rate is determined by market supply and demand across exchanges where EDO is listed. Order book dynamics, liquidity provision, trader sentiment, and news specific to the project influence short-term moves, while broader factors such as overall crypto market trends, USD strength, regulatory developments, and macroeconomic data drive medium- to long-term direction.

For traders and investors, EDOUSD provides a direct way to measure and trade Eidoo exposure in fiat terms, facilitating portfolio allocation, speculation, and arbitrage between venues. Pricing in USD also aids performance comparison with other assets and risk management.

Eidoo can exhibit heightened volatility and liquidity differs by exchange; market participants should monitor spreads and depth when executing larger orders.