UXD Protocol UXP ICO (Token Sale) Review And UXP Token Analysis | CryptoRank.io
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UXD Protocol [UXP]

 
On 3 watchlists
Token:
Solana
Ended 14 Nov
Token Sale
$ 57.09M
Fundraising Goal
Not Rated
Interest Rate

UXD is an algorithmic stablecoin, backed 100% by delta neutral position.

UXD Protocol UXP IDO Review

IDO is ended: 12 Nov — 14 Nov 2021

IDO price

$ 0.190

Raised

$ 57,086,132

Tokens For Sale

300,000,000

UXD Protocol [UXP] Moon Spreadsheet

UXD Protocol [UXP] trading levels.

Token economics

Total Raised

$ 57,086,132

Initial values

FDMC: $ 1,902,871,000

Token allocation

Total supply:
10,000,000,000
Public sale:
300,000,000
(3.00%)

Additional links

About ICO UXD Protocol

UXD Protocol is an algorithmic stablecoin backed 100% by a delta-neutral position using perpetual swaps. The protocol intends on solving the stablecoin trilemma, which is decentralization, stability, and capital efficiency. Current stablecoin iterations can only achieve 2 out of 3. The UXD intends on creating a stablecoin that achieves all 3.

UXP token holders will be able to vote on proposals that increase the value of UXD Protocol. Cash flow from the delta-neutral position can be distributed to UXP token holders. (This has to be decided by a vote by UXP token holders). UXP tokens will be the last reserve to back the insurance fund, if the insurance fund runs out of funds.

UXD Basics:

  • 1=1 means that Anyone can always mint 1 UXD for 1 USD;
  • Mint/Redemption process is instant;
  • The funding rate of the delta-neutral position will be distributed automatically to UXD holders;
  • Censorship Resistant - Transact with anyone, anywhere and anytime.