USDX Wallet announced the successful alliance with ExMarkets, in a historic move that will result in the listing of the company’s core coin, LHT.
USDX Wallet prides itself as a mobile-first instant transfers solution that is powered by blockchain technology.
Its main aim is to create a seamless and stress-free atmosphere for its users, the wallet targets crypto holders, allowing individuals to send and receive funds quickly with little or no fee involved.
The crypto wallet also covers the needs of an unbanked audience and those who don’t want to pay commissions within the fiat money transfer mobile applications.
Guaranteed Multi-Level Security
The security features of the new USDX wallet is one of its talking points. It guarantees multi-level security for all transactions and also an immediate transfer of assets by either QR Code, username or mobile phone number.
Its native blockchain is based on BitShares protocol and allows 100,000 transactions per second.
The Payment System
The payment system on the USDX Wallet has two basic cryptocurrencies at its core; they are the USDX token and the LHT Coin.
The USDX token is a stablecoin pegged to the dollar at 1.1 ratios via a smart contract. The USDX is collateralized by the system’s core cryptocurrency, LHT.
The LHT coin will not be released to the market all at once, but gradually, only 10% is expected to be issued per year, while half of it will be tradable, the other half will be locked on the blockchain to promote 200% collateralization.
Due to its large venture investments, USDX has not held any private sales or presales, at least for now.
Future profits of the project will come from business account fees.
The Airdrop that attracted thousands of participants from December 2018 to January 2019 signifies a very good outing for USDX, as the wallet now has well over 50,000 verified accounts.
Integration with crypto exchanges is one of the main objectives of USDX wallet and the first platform to align themselves with them is ExMarkets, while other exchanges are also eager to team up with the wallet.
On ExMarkets, LHT will be available in trading pairs with Bitcoin (LHT/BTC) and Ethereum (LHT/ETH).
More on ExMarkets
ExMarkets is a unique digital asset exchange platform that is powered by a state of the art trading engine developed in-house. ExMarkets provides a wide range of opportunities to users, as they can trade the most popular cryptocurrencies, while also gaining access to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) Launchpad.
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