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Hermez Network

Hermez Network HEZ

token
Hermez Network Price (HEZ)
$4.08
1.28% Buy HEZ

0.0014 ETH

0.0000789 BTC

Low: $4.03
High: $4.09
24h
Market Cap
$19,193,901
1.28%
Fully Diluted Market Cap
$408,380,868
1.28%
Volume
24h
$30,992
30.97%
Volume / Market Cap
0.0016
Circulating Supply
4,700,000 HEZ
4.70%
Max Supply
100,000,000
Total Supply
100,000,000

Hermez Network (HEZ) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.00%

Joined at Aug 13, 2021

Following

0

Tweet count

1

0.00%

Hermez Network reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Hermez Network (HEZ) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Hermez Network telegram
Telegram Stats

Members

-

Title

-

Currently, official Hermez Network (HEZ) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

Hermez Network traffic
Website Traffic
Visit Website

Website Rating (DR)

54 / 100

0.00%

Ahrefs Rank

508,259

3.36%

Organic Traffic (mo.)

124

45.37%

Hermez Network github
GitHub Organization
Visit GitHub

Public repos

Created at Jun 26, 2020

Type

Organization

Hermez Network github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Hermez Network (HEZ) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.


Live HEZ Price Analysis

The current real time Hermez Network price is $4.08, and its trading volume is $30,992 in the last 24 hours. HEZ price has grew by 1.28% in the last day, and increased by 1.28% in the last 7 days. It’s important to note that current Hermez Network market capitalization is $19,193,901, and the maximum supply is 100,000,000 HEZ coins. Talking about circulating supply, HEZ has 4,700,000 coins. Currently, Hermez Network rank on the market is #713.

Hermez Network price today is 60.13% below all time high, and it is 68.31% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling HEZ are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Hermez Network (HEZ)?

The Hermez Network is a ZK-Rollup designed to provide secure, economical, and convenient token transactions on the Ethereum blockchain. It is seamlessly incorporated into the Ethereum environment, enabling low-cost token movements to benefit everyone. Besides, note that Hermez is a predecessor of Polygon zkEVM, which is a ZK implementation of the Ethereum Virtual Machine (EVM) that is still being developed as of writing this.

Hermez utilizes Zero-Knowledge Proof technology to increase the throughput and efficiency of the Ethereum blockchain by condensing mass transfer processing into a single transaction. The proof and compressed data of the batch of transfers are stored on the Ethereum blockchain, publicly verifying the validity of the rolled transfers. By utilizing zero-knowledge technology, token transfers and swaps can be executed in an efficient and cost-effective manner with high throughput.

Also, note that Hermez employs the Proof-of-Donation consensus mechanism, which incorporates charity donations into the operation of a blockchain.

The HEZ token is the platform’s native token. On the live Hermez Network price chart above, you can find the latest HEZ price.

HEZ Use Cases

HEZ tokens are used for placing bids in the Coordinators auction (an auction that elects new coordinators). Coordinators on the network act as block producers, taking care of the network's maintenance by verifying the accuracy of users' transactions via a zero-knowledge proof. Bidding in Coordinators auctions is done with HEZ crypto tokens. The participant who bids the highest amount of tokens becomes the winner. The minimum bidding price is set at 10 HEZ coins.

If you plan to acquire Hermez Network crypto assets, make sure to make a thorough HEZ price analysis beforehand. Use the aforementioned Hermez Network price chart for doing that. 

Who Founded Hermez Network?

The platform was founded in 2020 by Jordi Baylina, David Schwartz, and Antoni Martin. In 2021, Hermez merged with Polygon. As of writing this article, Hermez Network has fully integrated into the Polygon network and is now known as Polygon Hermez. The main founders of the network are still working on the project as well.

Jordi is driving the technical development behind the Hermez zkRollup, and he is actively working on the zkEVM as well. He is also a co-founder of the White Hat Group, Giveth, DAppNode, and Iden3. Besides, he is the creator of the MiniMe token contract, the elliptic curves Solidity library, and several other well-known Ethereum contracts. Moreover, Jordi is a highly respected auditor, having led teams to audit the MakerDAO Stable Coin system and Aragon project.

David is in charge of the planning and implementation of various projects for iden3 and Hermez. He has an extensive experience in the IT field garnered over the past two decades in engineering and managerial roles at telecom operators, consultancy companies, and tech suppliers.

Antoni is the head of business development and potential expansion plans for Hermez. He focuses on providing innovative solutions to address people's issues.

HEZ Tokenomics

The max and total supply of HEZ tokens is 100,000,000. The total supply, however, will become smaller when the mainnet is active and coordinators start bidding, due to the deflationary nature of the auction system.

The token allocation is separated into two tiers. Tier 1 has 5% of the total tokens released immediately, and then 0.104% of the total supply made available each day for about 2.5 years after the launch, until all tokens are released. Tier 2's initial release is 10%, and then 0.164% per day for 1.5 years, with a full unlocking at the end of the 2-year period. These unlocking schedules are designed to maintain HEZ price stability.

What's Hermez Network trading volume in the last 24 hours?

HEZ has a trading volume of $30,992 in the last 24 hours.

What's Hermez Network highest price ever?

HEZ has a highest price of $10.24, which was reached on Dec 27, 2021 (2 years 1 month ago).

What's Hermez Network lowest price ever?

HEZ has a lowest price of $2.43, which was reached on Oct 26, 2020 (3 years 3 months ago).

What are the best exchanges for buying and selling HEZ?

Currently, the most active and dominating exchanges for buying and selling Hermez Network are Binance, Kraken & Kucoin. The most popular Hermez Network trading pairs are WETH/HEZ (on Uniswap (V2) ), USDT/HEZ (on Uniswap (V2) ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping HEZ?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Hermez Network. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Hermez Network project's Circulating Supply has been verified and is equal to:

Circulating Supply

4,700,000 HEZ

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of Hermez Network is $4.08

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