Hermez Network (HEZ) Reaches Market Capitalization of $16.60 Million

Hermez Network (HEZ) traded down 0.3% against the US dollar during the 1 day period ending at 15:00 PM Eastern on June 23rd. Hermez Network has a market cap of $16.60 million and $148,114.00 worth of Hermez Network was traded on exchanges in the last day. One Hermez Network coin can now be bought for about $3.53 or 0.00017058 BTC on exchanges. Over the last week, Hermez Network has traded up 0.7% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

  • Binance USD (BUSD) traded down 0.1% against the dollar and now trades at $1.00 or 0.00004833 BTC.
  • BITCOIN ADDITIONAL (BTCA) traded 2.4% lower against the dollar and now trades at $19,647.64 or 0.94911203 BTC.
  • Mammoth (MMT) traded 0.1% lower against the dollar and now trades at $1.78 or 0.00008622 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • Dai (DAI) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00004836 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • yOUcash (YOUC) traded up 0% against the dollar and now trades at $0.50 or 0.00002416 BTC.

Hermez Network Coin Profile

HEZ is a coin. Hermez Network’s total supply is 100,000,000 coins and its circulating supply is 4,700,000 coins. The official website for Hermez Network is hermez.io. The official message board for Hermez Network is blog.hermez.io. Hermez Network’s official Twitter account is @hermez_network.

According to CryptoCompare, “Founded on October 15th, 2020 and based in Zug, Switzerland, Hermez Network is a decentralized zk-rollup focused on scaling payments and token transfers on top of Ethereum. One of the most important things about Hermez is the way it decides who the next block creator should be, as block creators are selected via a burn auction, except rather than burning tokens, a 40% of the winning bid goes back to be reinvested in Ethereum public goods through Gitcoin quadratic funding grants. In the Hermez Network this mechanism is referred as proof-of-donation because a significant fraction of this bid is donated to the protocols and social services that run on top of Ethereum. Hermez Network is developed by idem3 “

Hermez Network Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Hermez Network directly using US dollars. Investors seeking to trade Hermez Network should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Hermez Network using one of the aforementioned exchanges.

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