Market cap
$191.19K
0.25 %
Volume (24h)
$23
0.25 %
Circulating supply
18,761,227 OPIUM
Total supply
100,000,000 OPIUM
Max. supply
100,000,000 OPIUM
Opium (OPIUM)
$ 0.01
0.25 %
Main info
News
Comments
Markets
Analytics
Key data
updated $0Market cap$191.19K
Volume 24h$23
Circulating supply18.76M19% of max 100M
All-time high$23.01-100% from peak · 2021-02-04
Opium (OPIUM) is a cryptocurrency token associated with the Opium Protocol, a decentralized finance platform built for trading derivatives — things like futures and options — without going through a bank or broker. The OPIUM ticker represents the token that powers this ecosystem, handling governance and utility functions within the protocol. In plain terms, it's a piece of the infrastructure that lets people create and trade financial contracts directly with each other on the blockchain.
Frequently asked questions
What is Opium and how is it different from Bitcoin?
While Bitcoin is primarily a digital currency for payments and storing value, Opium is a token tied to a derivatives trading protocol. Its focus is on financial instruments like options and futures built on Ethereum, rather than being a standalone currency. The two serve completely different purposes within the crypto ecosystem.
How does Opium's technology work?
Opium runs on the Ethereum blockchain as a smart-contract-based protocol, which means it inherits Ethereum's security and consensus mechanism rather than having its own separate chain. Smart contracts automatically execute and settle derivative trades without intermediaries. This removes the need to trust a traditional exchange or clearinghouse.
How is Opium's supply and emission structured?
OPIUM has a hard cap of 100,000,000 coins, meaning no more than that amount can ever exist. This fixed maximum supply is written into the token's code and cannot be changed by anyone. A capped supply is a common design choice meant to prevent unlimited inflation of the token.
How can I store and use OPIUM tokens?
Since OPIUM is an Ethereum-based token, it can be stored in any wallet that supports ERC-20 tokens, such as MetaMask, Ledger, or Trust Wallet. You'll need to keep some ETH in the same wallet to cover network transaction fees. Within the protocol, the token can be used for governance voting and interacting with the platform's features.