Decred price

Decred price

Price change from 00:00 UTC until now

Decred market information

Market cap
Circulating supply
16,196,784 DCR
Market cap ranking
24h high
24h low
All-time high

Decred price performance in USD

The current price of Decred is $13.0151. Since 00:00 UTC, Decred has decreased by -6.27%. It currently has a circulating supply of 16,196,784 DCR and a maximum supply of 21,000,000 DCR, giving it a fully diluted market cap of $210.72M. At present, Decred holds the 138 position in market cap rankings. The Decred/USD price is updated in real-time.
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About Decred (DCR)

The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Decred is an innovative blockchain-powered ecosystem that seeks to tackle transparency issues associated with existing governance models. The project's primary goal is to create an open and accessible voting system for all token holders.

What is Decred?

Decred is a decentralized ecosystem that prioritizes financial sovereignty. Within the Decred ecosystem, individuals who hold the native DCR tokens have a significant role in shaping the project's direction and design. Decred operates on a hybrid consensus mechanism, combining Proof of Work (PoW) and Proof of Stake (PoS).

The Decred team

Decred embraces open governance, creating a collaborative environment that blurs the lines between users and team members. The project was initiated in 2016 by Company 0, with involvement from developers within the Bitcoin community. Jake Yocom-Piatt, a renowned blockchain expert, played a key role in the founding team.

The current Decred team comprises various individuals contributing to the project's success. Andrew Fang assumes the role of acting CFO, while software developers Amir Massarwa and Tiago Alves Dulce contribute their expertise. Additionally, Samson Ehigiator serves as a Golang Developer.

How does Decred work?

Decred operates on a hybrid Proof of Work (PoW) and Proof of Stake (PoS) model. In this setup, miners solve complex puzzles to maintain network security through PoW, while PoS handles staking and governance participation. This hybrid approach is advantageous as it prevents any single group, miners or stakers, from exerting excessive control over the ecosystem.

Decred also features a decentralized exchange (DEX) that distinguishes itself from traditional order book systems. Instead, it matches trades using a pseudorandom order tallying strategy, eliminating the reliance on order books.

In addition, Decred includes the Politeia Platform, which serves as a platform for proposing and discussing governance-related changes.

DCR: Decred’s native token

DCR is the native token of the Decred ecosystem, designed to facilitate participation and decision-making within the network. Users can utilize DCR tokens in various capacities, such as staking, mining, or participating as a regular voter. Within the Decred ecosystem, DCR tokens serve multiple purposes.

The total supply of DCR tokens is fixed at 21 million. During the initial distribution, 8 percent of the tokens were pre-mined and distributed through an airdrop event, and the cost of acquisition was undertaken by Company 0.

As for the token distribution curve, new Decred blocks generate DCR tokens as rewards. Of these rewards, 10 percent is allocated to miners, 10 percent goes to the Decred treasury, and the remaining 80 percent is distributed among the PoS voters.

Distribution of DCR

DCR is distributed as follows:

  • Eight percent of the total DCR supply was pre-mined and airdropped to early supporters, as well as to cover acquisition costs by Company 0.
  • The remaining 92 percent of the DCR supply is allocated as block rewards. Of these block rewards, 10 percent is directed to the Decred treasury, 10 percent is allocated to miners, and PoS voters retain the remaining 80 percent.
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What is Decred?

Decred is a decentralized ecosystem powered by blockchain technology, designed to prioritize transparency and community involvement. At its core, Decred aims to revolutionize virtual voting by providing equal participation rights to native token holders.

What are the advantages of Decred?

Decred offers financial incentives to token stakers. The project also has a decentralized exchange (DEX) supporting atomic swaps. Additionally, users holding DCR tokens have a say concerning network proposals, helping define the future flow of the ecosystem. 

Where can I buy DCR tokens?

Easily buy DCR tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is DCR/USDT. You can also swap your existing cryptocurrencies, includingBitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for DCR with zero fees and no price slippage by using OKX Convert

How much is Decred worth today?
Currently, one Decred is worth $13.0151. For answers and insight into Decred's price action, you're in the right place. Explore the latest Decred charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Decred, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Decred have been created as well.