George Droyd (DROYD) Token: A Comprehensive Market Overview

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The George Droyd token, known by its ticker DROYD, is a digital asset operating on the Ethereum blockchain as an ERC-20 standard token. This article provides a detailed look into its key market statistics, technical specifics, and essential information for potential investors and enthusiasts.

Key Token Specifications

DROYD functions as a standard token within the Ethereum ecosystem. Here are its fundamental technical details:

Live Market Data and Performance

Staying informed with real-time data is crucial for understanding any cryptocurrency's market position. The following metrics offer a snapshot of DROYD's current market activity.

The token's liquidity is reported to be approximately $2,056.90, which is a critical factor for assessing how easily the token can be bought or sold without significantly affecting its price.

Understanding Key Metrics

Where to Trade George Droyd (DROYD)

For those interested in trading DROYD, it is accessible on several decentralized exchanges (DEXs). These platforms allow users to swap cryptocurrencies directly from their wallets without the need for a traditional intermediary.

Some of the exchanges where trading pairs are listed include ParaSwap (Ethereum network), Uniswap (both V2 and V3), Saddle, and Pionex. Always ensure you are using the correct contract address when making any transactions to avoid scams.

The Ethereum Blockchain and ERC-20 Tokens

DROYD is built on the Ethereum network, which is a decentralized, open-source blockchain system that features smart contract functionality. The ERC-20 standard is a technical guideline used for all smart contracts on the Ethereum blockchain for token implementation. It provides a list of rules that all Ethereum-based tokens must follow, ensuring compatibility across the diverse ecosystem of wallets and exchanges.

This foundation allows tokens like DROYD to be seamlessly integrated into a wide array of decentralized applications (dApps) and financial services.

Smart Contract and Security

The official smart contract address for George Droyd (DROYD) is 0x61e350edbaa3997bcbb12927b0a9ede8f80dade5. It is paramount to verify this address meticulously through official channels before engaging in any transactions to prevent sending funds to a fraudulent contract.

Potential investors are encouraged to conduct their own due diligence. While smart contract audits are a standard practice to identify vulnerabilities, the presence or results of a formal audit for DROYD should be independently verified by users. 👉 Explore advanced security practices for token investments

Holder Distribution and Trading History

A unique aspect of this token is its holder distribution. With only three holders, the ownership is highly concentrated. This level of concentration can significantly impact the token's price volatility and market dynamics, as large holders (often called "whales") can influence the market with single transactions.

Detailed trading history, including the number of daily transactions and the balance between buys and sells, provides insight into market sentiment and activity levels.

Analyzing Price Charts and Future Perspectives

For technical analysts and traders, studying price charts is essential. Charts visualize the token’s historical price movements, helping to identify trends, patterns, and potential support or resistance levels. Analyzing data over different time frames—from 24 hours to the maximum available—can offer valuable perspectives on its market behavior.

Forecasting involves examining current market data, project developments, and broader cryptocurrency trends. However, all investments in cryptocurrencies carry inherent risk due to market volatility.

Frequently Asked Questions

What is the current price of one DROYD token?
As of the latest data, one DROYD token is valued at approximately $0.000000005146. Prices on cryptocurrency exchanges can fluctuate rapidly, so it's best to check a live price feed for the most current rate.

How can I purchase George Droyd (DROYD) tokens?
You can acquire DROYD tokens by using a decentralized exchange (DEX) like Uniswap or ParaSwap. Connect a compatible Web3 wallet, ensure you have ETH for gas fees, and use the correct contract address to swap for DROYD.

What is the official DROYD smart contract address?
The official Ethereum smart contract address for George Droyd is 0x61e350edbaa3997bcbb12927b0a9ede8f80dade5. Always double-check this address on multiple official sources before any transaction to avoid scams.

What is the market capitalization of DROYD?
The current market cap for DROYD is approximately $2,165.21. This is a relatively small market cap, which is typical for newer or more niche tokens.

How many people are holding DROYD tokens?
There are currently three unique wallet addresses holding DROYD tokens. This includes one large holder, often defined as a wallet containing a significant portion of the total supply.

What was the trading volume for DROYD in the last 24 hours?
The 24-hour trading volume data is currently not available. Trading volume is a key indicator of market activity and liquidity for a token.