About UXD Protocol
Market Stats
Market Cap
$105,814,079.29
FDV
$105,814,079.31
Circulating Supply
6,999,999,999 UXP
Max Supply
7,000,000,000 UXP
Total Supply
300,000,000 UXP
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$16.70
7.33%
All time high
$48.63
Additional info about UXD Protocol
Networks and details
The price of UXD Protocol has decreased by 0.06% in the last hour and decreased by 0.05% in the past 24 hours. UXD Protocol’s price has also fallen by 2.45% in the past week. The current price is $0.0151 per UXP with a 24-hour trading volume of $16.70. Currently, UXD Protocol is valued at 99.97% below its all time high of $48.63. This all-time high was the highest price paid for UXD Protocol since its launch.
The current circulating supply of UXD Protocol is 6,999,999,999 UXP which means that UXD Protocol has as total market cap of $105,814,079.29.
Price history
Today | $0.0151 | ↘ 0.06% |
1 Day | $0.0151 | ↘ 0.05% |
1 Week | $0.0155 | ↘ 2.45% |
1 Month | $0.0152 | ↘ 0.83% |
1 Year | $0.0096 | ↗ 57.36% |
Market details
Performance against other markets | ↗ 50.15% |
Performance against BTC | ↗ 21.7% |
Performance against ETH | ↗ 186.71% |
Performance in the past year | ↗ 57.34% |
FAQ
As per the website, UXD is a vital algorithmic stablecoin, entirely supported by the delta neutral position. UXD Protocol is a decentralized system that does not include custody of user assets, and users can interact with any centralized commodity. The token aims to make sure that every user can transact without censorship. Furthermore, UXD Protocol is capital efficient and lets users issue 1 UXD with 1 USD worth of digital assets without demanding over-collateralization.
According to the whitepaper, users of UXP tokens can earn yield developed from the funding rate. Any individual can aim to issue and save the stablecoins for a decentralized cryptocurrency at a par value. Also, the users can seek to confirm that the funds equal the number of stablecoins in circulation by reviewing the blockchain. Cryptocurrency-backed stablecoins are fund inefficient and can be inconsistent during severe market volatility. Algorithmic stablecoins are liable to a collapse in trust by the holders of the stablecoin and are at threat of bank runs.
UXD Protocol aims to solve these problems by eradicating the necessity of converting to fiat currencies and becoming stable under market volatility. UXD Protocol aims to be comparatively more capital efficient than other cryptocurrency-backed alternatives because UXD Protocol does not need an excess of funds to support its stablecoin.
Furthermore, the users of UXD can acquire a part of the yield from the funding rate when the funding rate is favorable. By using smart contracts, token holders' balances seek to automatically grow by a certain amount of yield. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Later, the negative yield is paid out from the insurance fund when the funding rate is negative.
Besides being an algorithmic stablecoin, the token aims to have three prime qualities: censorship resistance, price stability, and capital efficiency. UXD seeks to obtain yield from the funding rate that makes UXD a unique store of value. Furthermore, individuals excluded from the banking system can also seek to hold and perform transactions in a stable currency without censorship.
We update our UXD Protocol to USD currency in real-time. Get the live price of UXD Protocol on Coinbase.
The current market cap of UXD Protocol is $105.81M. A high market cap implies that the asset is highly valued by the market.
The all-time high of UXD Protocol is $48.63. This all-time high is highest price paid for UXD Protocol since it was launched.
Over the last 24 hours, the trading volume of UXD Protocol is $16.70.
Assets that have a similar market cap to UXD Protocol include SafeSwap, KEYS, MetalSwap, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of UXD Protocol is 7 billion.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.