USDX is the native stablecoin of Kava DeFi platform. It is a crypto-backed stablecoin, meaning all USDX must be backed by crypto assets. To mint USDX, you need to deposit more crypto assets in USD value than the amount of USDX you wish to mint. Accor...Moreding to Kava, “Anyone in the world can deposit digital assets as collateral on Kava and use that balance to mint USDX tokens."
A quick snapshot of USDX ROI (return on investment) over different time periods.
A successful project is based on a foundation of a well experienced team. Take a closer look into USDX's team.
Projects with a public Github account have more transparency and reliability. It's best to invest in projects with multiple contributors and commits (code developed and pushed to Github).
We have not found any community for this project on social media platforms. Projects with no community will have a difficult time to become successful. If you think this is wrong please report to email@example.com.
Projects with low liquidity and smaller market cap are generally more risky. As the projects become more popular and traded with more people, they are less volatile and considered better investments.
Check the historical data and price changes on Coingecko.com
We do not have any data on the market cap and liquidity of this project.
A project backed by well-known investors is a strong signal for success. Take a closer look into USDX's investors.
Project announcements and news have a significant impact on the price. Below are live updates from USDX's Twitter and Reddit accounts.
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