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UpStableToken (USTX)

UpStableToken (USTX)

Information:

Blockchain icon Blockchain: Tron
Ticker icon Ticker: USTX
Type icon Type: Token
Company icon Company: USTX Team
Asset or Contract address icon Asset or Contract address:
TYX2iy3i3793YgKU5vqKxDnLpiBMSa5EdV

Market Cap:

$308 623

Fully Diluted Valuation:

$500 277

Supply:

Circ icon Circ.: 12 466 308
Total icon Total: 20 207 853
Max icon Max: 20 207 853

Explorers:

* The circulating and total supply can be subject to changes. Always check the official website.

UpStableToken Price Chart

UpStableToken Price

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What is UpStableToken?

“The project is built around two pillars: the USTX token and the DEX. The token is a TRC20 contract, deployed on Tron blockchain, implementing the needed features to enable simple transactions at very low fees. The DEX is the core of the project. A smart contract actively manages all exchange transactions on the USTX/Stablecoin pairs (USDT, TUSD, USDJ, USDC), with the goal of keeping the internal stablecoins reserve at a certain level compared to the circulating market cap of the token. If the reserve is above the target level, the system allows price expansion during up-trends of the market and dampens price reductions during down-trends, reducing volatility. If the reserve is below the desired level, the system reduces the expansion and damping effect, to recover the reserve levels. All this is managed on-chain, without the intervention of the owner of the contract. The stablecoins reserve is locked inside the DEX contract and is verifiable on chain by any user. This provides intrinsic value to the USTX token. Being multiasset, the reserve guarantees resiliency. Also, since the price action is not based on oracles, it’s immune to avalanche effects in case of price fluctuations of the stablecoins. The smart contracts are audited and open source.”

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Where to trade UpStableToken (USTX)?

Rank Exchange Pair Volume (24h) Price Volume (24h) Price Volume (24h) Price Volume (%) Updated
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