The current real-time price of SOCKS is $14,468.49. In the past 24 hours, SOCKS has traded between $14,198.46 and $14,468.49, showing strong market activity. The all-time high of SOCKS is $198.759K, and the all-time low is $0.0002.
From a short-term perspective, the price change of SOCKS over the past 1 hour is , over the past 24 hours is +0.75%, and over the past 7 days is +1.83%. These figures provide a quick overview of the latest price trends and market dynamics of SOCKS on LBank.-0.58%
The live price of SOCKS today is $14,468.49, with a current market cap of $4.325M. The 24-hour trading volume is 3.21. The price of SOCKS to USD is updated in real time.
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Before deciding whether to buy or sell SOCKS, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SOCKS technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SOCKS.
How much will SOCKS be worth tomorrow, next week, or next month in ? What about your SOCKS assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SOCKS Price Prediction
To learn more about SOCKS, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x22d8...29fca9  | 48 | 16.05% |
ethereum | 0x5624...2aaae8 | 15 | 5.02% |
ethereum | 0x7dc2...294893 | 14 | 4.68% |
ethereum | 0xb9fd...783f2d | 13 | 4.35% |
ethereum | 0x0c61...0d98f1 | 10 | 3.34% |
Other | 198.9909 | 66.55% |
Unisocks is an experimental project that tokenized a limited-edition physical product. It utilizes an ERC-20 token called SOCKS to bridge decentralized finance with physical goods. Each token entitles the holder to one real pair of branded socks that can be shipped globally. It represents a significant milestone in the movement where digital assets represent ownership of tangible, real-world items.
SOCKS uses a bonding curve, which is a mathematical formula that determines the cost based on supply rather than a traditional order book. In this model, every time a token is purchased from the liquidity pool, the cost for the subsequent token increases automatically. This creates an algorithmic pricing structure driven by scarcity and demand within the automated system.
To receive the physical item, holders must complete a redemption process. By connecting a wallet to the project’s interface and selecting the redemption option, the user initiates the burning of their SOCKS token. Once the token is permanently removed from circulation, the user provides shipping details to receive the physical pair. Additionally, a unique NFT is sent to the user as a digital certificate of redemption.
No. Once a token is redeemed for the physical product, it is burned and ceases to exist in the user's wallet. Following redemption, the owner is left with the physical socks and a unique NFT, which serves as a collector's trophy. The original ERC-20 token can no longer be sold or traded because the digital asset has been permanently retired from the blockchain.
The supply of SOCKS is extremely limited and deflationary. The project began with a small fixed supply of tokens. However, the total circulating supply decreases every time a holder chooses to redeem their token for the physical product. As more people claim their physical goods and the associated tokens are burned, the remaining digital tokens become increasingly scarce.
Yes, SOCKS is an ERC-20 token and is divisible, meaning users can purchase fractional amounts. However, it is important to note that a user must possess exactly one full token to participate in the redemption process for the physical socks. Fractional holdings remain tradable on supported platforms but do not grant the right to claim the physical item.
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