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UXD Protocol

UXD Protocol UXP Price $ 0.00832

Rank: 811

115 Watchlists

DeFi

UXP Price

0.00832
0.24%
($ 0.0000198)
Price Range
LowHigh
$ 0.00829$ 0.00832

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

Wallets

No wallets found yet

Description

UXD is an algorithmic stablecoin, backed 100% by delta neutral position. UXP is a governance token of the protocol.

UXD Protocol (UXP) Chart

The UXD Protocol to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

UXP to USD Converter

UXD Protocol (UXP)UXP

IDO

12 Nov — 14 Nov 2021

Raised

$ 57.09M

Price:

$ 0.190

ROI:

0.04x  -95.6%

Platform:

N/A

ATH ROI:

0.49x  -50.6%

UXP Price Statistics

leaderboard

Market Cap

$ 33.08M

FDV

$ 58.26M

ATH Market Cap

$ 69.34M

24 Trade Vol.

$ 17.49K


Vol. (24h) / MCap

0.000529

Max Supply

UXP 7,000,000,000

Total Supply

UXP 7,000,000,000

Circulating Supply

UXP 3.98B

(56.8% of Max Supply)


Next Unlock

UXP 52.05M

(0.74% of Max Supply)

Listing Date

14 Nov 2021

IDO Price

$ 0.190

14 Nov 2021

IDO ROI

95.6%

0.0437x

All Time High

$ 0.0941

1 Feb 2022


All Time Low

$ 0.00406

16 Dec 2022


From ATH

91.2%

From ATL

105%

What is UXD Protocol (UXP)?

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.

UXD Protocol Price Today

UXD Protocol's current price is $ 0.00832, it has increased +0.24% over the past 24 hours.

UXD Protocol's All Time High (ATH) of $ 0.0941 was reached on 1 Feb 2022, and is currently -91.2% down.

The current circulating supply of UXD Protocol is 3.98 Billions tokens, and the maximum supply of UXD Protocol is 7.00 Billions.

UXD Protocol’s 24 hour trading volume is $ 17.34 Thousands.

UXD Protocol's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 33.08 Million.

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