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Overview
HairDAO is a community-led project focused on research into hair loss. Its token, HAIR, gives holders a role in choosing which studies receive support and how the organization manages its research assets. HairDAO belongs to the decentralized science, or DeSci, movement, which uses online communities and blockchain tools to organize scientific work. (hairdao.xyz)
The basic idea is that people affected by hair loss can help guide research alongside scientists and clinicians. Researchers can propose studies, community members can discuss them, and HAIR holders can vote on funding decisions. The project also invites people to share their treatment progress through its app. Together, these activities connect patient experience with laboratory research and community governance. (hairdao.xyz)
Price, Market Position, and Liquidity
As of 11/11/2026 08:00 UTC, HairDAO (HAIR) trades at $28.19 with a +11.73% move over the last 24 hours.
The market capitalization stands at $20M, placing it at rank #810 by market value.
Daily trading volume is $41K. HairDAO (HAIR) has moved +45.95% over the past seven days and +67.31% across the last 30 days.
History & Team
From a research idea to a community
HairDAO’s community began in 2021. Andrew Bakst and Andrew Verbinnen are named on its February 2022 white paper and identified as co-founders in the project’s announcement of its first funded study. That announcement, made in December 2022, described a study led by hair researcher Dr. Ralf Paus. It examined the effects of the thyroid hormones T3 and T4 on human scalp skin grown in a laboratory setting. HairDAO said its community had voted to fund the work. (uploads-ssl.webflow.com)
The project has since brought together people with different skills. HairDAO describes working groups for research and development, business development, content, software, and legal and regulatory work. Its wider community includes researchers, doctors, engineers, designers, funders, and people interested in hair loss. This mix matters because a research project needs more than a scientific idea: it also needs funding, coordination, clear records, and a way to share results. (hairdao.xyz)
Technology & How It Works
Voting, records, and research rights
HAIR is a token used to govern the organization. HairDAO describes voting rights over its treasury, research funding, and the management of its intellectual property portfolio. A treasury is the pool of resources an organization uses to support its work. Under HairDAO’s token-based voting model, one HAIR represents one vote, so a holder’s voting power reflects the number of tokens they hold. (hairdao.xyz)
HairDAO’s early plans describe a process in which members discuss proposals before token holders vote. Blockchain records can make token holdings and transfers visible, while researchers carry out studies in the physical world. This creates two connected parts of the system: digital coordination for the community and scientific work performed by people, labs, and clinical partners. (uploads-ssl.webflow.com)
Another tool in this model is the IP-NFT, short for intellectual property non-fungible token. It links an on-chain record to legal agreements about research rights. HairDAO’s white paper describes legal documents and blockchain records that refer to each other, allowing the organization to track rights tied to work it funds. The scientific findings, patents, and contracts still depend on research and legal processes beyond the blockchain. (uploads-ssl.webflow.com)
Tokenomics & Utility
How HAIR is allocated
HairDAO’s published distribution divides its stated supply of 1,533,338 HAIR among several groups and purposes. The largest shares are unallocated tokens at 35.5%, over-the-counter purchasers at 24.7%, and the core team at 20.5%. Other allocations include a fair-launch auction at 10.7%, open-market distribution at 4.6%, community distributions called Hair Cuts at 3%, and strategic partners at 1%. HairDAO says unallocated tokens are reserved for community members or future funders, or may be burned. (hairdao.xyz)
The token’s main practical use is governance. Holders can help decide what research to fund and how the DAO manages its assets. HairDAO also describes rewards for people who contribute treatment data through its app. Its token page says holders can receive a discount on HairDAO products and describes access to research information for holders who use its staking feature. These uses connect participation in the community to the token, rather than treating HAIR as a research result in itself. (hairdao.xyz)
One important feature of the economic model is its ability to change through governance and token issuance. The HAIR contract has a minting function controlled by its owner, and HairDAO says token holders govern the supply it has allocated. That makes the published distribution a useful picture of the project’s approach, while future decisions can shape how tokens reach contributors and other participants. (coingecko.com)
Ecosystem & Use Cases
Research and patient participation
HairDAO’s research page shows work on several approaches to hair loss. These include topical use of thyroid-related compounds, a delivery method for dutasteride, and studies involving proteins called Twist-1 and YAP-1. Some projects are marked as funded, while others are marked as having patent filings. The page also offers access to data for several studies. Its descriptions of effects in isolated hair follicles or scalp tissue refer to laboratory findings. (hairdao.xyz)
The HairDAO app gives patients another way to participate. According to the project, members can record treatment progress, choose whether to share it privately or publicly, read findings shared by others, and earn HAIR through participation. This creates a record of experiences that can help the community ask better research questions. It also gives people who are affected by hair loss a direct role in the project’s discussions. (hairdao.xyz)
HairDAO links from its website to Anagen, an online service offering hair-loss plans and treatments. Anagen describes personalized plans, progress tracking, and formulas including Precision Dutasteride and MINXSmooth. It names clinicians and researchers involved in its treatment development. This connection shows how HairDAO’s broader ecosystem reaches from early research and patient input toward products and care services. (hairdao.xyz)
Advantages & Challenges
HairDAO’s clearest strength is its narrow focus. Instead of asking a broad community to choose among unrelated scientific fields, it brings patients and specialists together around hair loss. Token voting gives members a defined way to take part in funding decisions. The project’s working groups offer paths for people to contribute research, software, communications, and legal skills as well as funds. (hairdao.xyz)
Its model also faces practical challenges. A vote can choose a study, but scientists must still design it, collect useful evidence, and interpret the results. Work with patents and research rights calls for legal agreements as well as blockchain records. Patient-reported treatment data can add useful context, though its value depends on how consistently information is collected and studied. Finally, token-weighted voting means people with more HAIR have more voting power, which can make broad participation an ongoing governance goal. (uploads-ssl.webflow.com)
Where to Buy & Wallets
HAIR is available on Uniswap V3 and Uniswap V4 on Ethereum, and on Aerodrome SlipStream. These are decentralized exchanges, where a user connects a compatible wallet to swap tokens. The Ethereum HAIR contract address is 0x9ce115f0341ae5dabc8b477b74e83db2018a6f42; HAIR also has a token address on Base. (coingecko.com)
MetaMask can hold HAIR on Ethereum. Users can import the token using its Ethereum contract address if it does not appear in the wallet automatically. Because HAIR is shown on both Ethereum and Base, the wallet network and token address need to match the version being used. That distinction also matters when connecting a wallet to an exchange or governance tool. (coingecko.com)
Regulatory & Compliance
HairDAO’s activities touch several areas of law. In the United States, the legal treatment of a token offering depends on the rights attached to the asset and the circumstances of its sale. The U.S. Securities and Exchange Commission explains that some transactions involving crypto assets can fall under securities laws when they are offered through an investment contract. HairDAO describes HAIR chiefly as a governance token, while its research and product work operates alongside that token system. (sec.gov)
Research involving people and the development of treatments follow a separate set of rules. In the United States, the Food and Drug Administration sets requirements for clinical investigations of drugs, including processes for studying a proposed treatment in human participants. HairDAO also has terms for its app and policies covering user content and personal information. In the European Union, the Markets in Crypto-Assets regulation sets rules for many crypto-asset offerings and service providers; the rules that apply depend on an asset’s features and how it is offered. (fda.gov)
HAIR has no established project-specific Shariah classification on the Securities Commission Malaysia’s published list of assessed digital assets. The commission’s Shariah framework examines how funds raised by a digital token are used and what rights or benefits the token gives its holders. For HAIR, an assessment would therefore consider its governance role, rewards, discounts, and the activities those features support, rather than judging the token by its research mission alone. (sc.com.my)
Future Outlook
HairDAO’s future work centers on turning research questions into stronger evidence and usable treatments. Its existing project page shows a range of laboratory studies and delivery ideas, giving the community several directions to evaluate. Continued progress will depend on the quality of study results, the decisions members make about funding, and the work needed to develop findings beyond the lab. (hairdao.xyz)
The token’s role may also grow as the organization develops. Governance already gives holders a voice over research and the treasury, while app contributions, holder benefits, and the Anagen connection show other ways the ecosystem can involve participants. HairDAO’s lasting contribution will be measured by how well it brings these pieces together: patient input, careful science, clear rights, and decisions the community can understand. (hairdao.xyz)
Summary
HairDAO uses HAIR to give a community a role in funding and guiding hair-loss research. It combines token voting, patient participation, scientific studies, and records linked to intellectual property. Within the DeSci ecosystem, it offers a focused example of how people affected by a condition can help organize the search for better treatments. (hairdao.xyz)
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Uniswap V3 (Ethereum) | 43K | 13K/13K |