Price change (24h):
1.44%
High (24h):
$0.00575298
Low (24h):
$0.00566879
Volume (24h):
$14.22
Market Cap:
$91.27K
All Time High:
99.89% $5.33
Nov 18, 2024
All Time Low:
18% $0.00
Jun 23, 2026
91.78 %(1Y)
$0.00566894
Price change (24h):
1.44%
High (24h):
$0.00575298
Low (24h):
$0.00566879
Volume (24h):
$14.22
Market Cap:
$91.27K
All Time High:
99.89% $5.33
Nov 18, 2024
All Time Low:
18% $0.00
Jun 23, 2026
42DAO (FTD) is a cryptocurrency launched in 2024. It functions as the native governance token for a decentralized autonomous organization anchored in the DeFi sector, yet commodity taggers also classify it as a meme-adjacent asset within the BNB Chain ecosystem.
The token's raison d'être orbits the Balance Protocol, a mechanism that mints Balance Coin (BLC), a USD-pegged stablecoin built for frictionless movement across decentralized finance rails. 42DAO replaces centralized operators with a voting collective that adjusts the protocol’s collateral baskets, stability fees, and reserve strategies. This structure directly attacks the brittle, opaque governance that has fractured earlier stablecoin experiments. Community ratification of every material change ensures no single engineer or foundation can unilaterally alter the rules.
42DAO operates on the BNB Smart Chain network. The token inherits the BEP-20 standard, bypassing the need for a bespoke consensus layer and instead leaning on the chain’s existing validator infrastructure. This dependency tethers the DAO to the broader Binance-aligned liquidity pools and transaction throughput.
The smart contract, resident at a BSC address beginning 0x653062e3, enforces token balances, vote escrow mechanics, and delegation logic natively. BEP-20 compliance grants immediate compatibility with mainstream wallets, swap aggregators, and yield-bearing DeFi primitives embedded in the BNB Smart Chain fabric. The launch on March 10, 2024 distributed an initial fraction of the 100 million fixed supply into the open market.
The BCH Ecosystem Fund acted as a founding institutional backer, providing capital, strategic channels, and resource coordination from the project’s inception. This connection binds 42DAO to the Bitcoin Cash utility layer, with documentation framing the DAO as an accelerant for BCH’s DeFi relevance. A coalition of wallet developers, BCH evangelists, and stablecoin architects shaped the early governance framework, seeking to reverse the chain’s deficit of native, fully collateralized dollar instruments.
The long horizon objective orbits around injecting structural resilience into the Bitcoin Cash economy through a non-custodial stablecoin governed by dispersed stakeholders. Rather than chasing speculative volume, the protocol targets a persistent, decentralized monetary layer that insulates BCH users from the volatility that degrades its medium-of-exchange proposition. In its own literature, the DAO aims to summon what it calls “persistent vigor and innovative attraction” for the aging payments chain.
Holding FTD conveys exclusive proposal and voting power inside the 42DAO machinery. Token weight directly dictates influence over parameter shifts—collateralization ratios, oracle whitelisting, treasury disbursements, and even emergency pauses on the Balance Protocol. The token encodes no claim on protocol revenue or vault equity; it is a pure governance lever stripped of equity-like trappings.
A holder can vote to admit new reserve assets backing BLC, signal for a stability fee adjustment, or delegate tokens to a technical committee operating the multisig timelock. Whales may steer large liquidity directives, while organized retail blocs can veto changes that threaten the peg’s integrity. The same FTD tokens simultaneously trade on a single open market, fusing speculative price discovery with constitutional voting power.
42DAO has a maximum supply of 100,000,000 tokens. Currently, 16,100,000 are in circulation. With a market capitalization of $144,307.00, 42DAO ranks #5,290 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 11/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 10/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 09/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 08/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 07/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 06/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 05/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 04/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
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