1. QiAi QuestsHome
  2. Metaverse & Beyond

What is Sdt Coin (What Currency is Sdr)?

• Metaverse & Beyond • 108 views

Sdt Coin is a stablecoin based on Ethereum, similar to Bitcoin. It functions as

What is Sdt Coin (What Currency is Sdr)?

Sdt Coin is a stablecoin based on Ethereum, similar to Bitcoin. It functions as an exchange medium between cryptocurrencies and is implemented through the Lightning Network, allowing users to transfer, convert, and engage in other transactions in the digital world. According to the data from sdtcoin.com, as of July 30, 2019, the project has issued 100 million tokens (equivalent to approximately 500 million USD). These tokens are divided into two types: one is “fiat” SDT, and the other is ERC-20Token on Ethereum. The maximum supply of sdt is 21 million, meaning that there are 1 million tokens available to support sdt payment services. Technically, these tokens are minted 1:1, but they do not have any liquidity or reserve assets.

Currently, most tokens in the market use a basket of tokens anchored to the US dollar as support. Due to the lack of a fixed amount of collateral, it is difficult to purchase sdt coins with US dollars, as they may exist within a range where they cannot be traded on an exchange. Additionally, the price of these tokens will increase with growing demand.

What currency is Sdr?

Sdr is a decentralized protocol based on Ethereum, developed by the blockchain development team Parity Technologies. The project incentivizes network participants to engage in mining activities through token rewards and uses the forked native token SDR to pay for gas fees. According to the official description, “This will make the network more secure and competitive.”

It is worth noting that sdr is an ERC20Token issued on Ethereum. It can be used to store, exchange, and trade digital assets (e.g., in-game currency) in various applications. (Medium)

According to reports, the current market value of sdr is approximately 4 million USD.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/23522.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/12/2023 07:36
Next 08/12/2023 07:59

Related recommendations