Coin Explainer

Bitcoin (BTC)
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Ethereum (ETH)
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TRON (TRX)
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CELO
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Celo is a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users.
By using phone numbers as public keys, Celo hopes to introduce the world’s billions of smartphone owners, including those without banking access, to transacting in cryptocurrency.
The network also allows for the creation of smart contracts and decentralised applications (DApps) as part of decentralised finance (DeFi). Its main-net was launched in April 2020.
The platform has two native tokens. CELO is a proof-of-stake (PoS) token used for transaction fees, governance participation and related activities. In future, the platform aims to host various stable-coins, with one, the Celo Dollar (CUSD), already in use.
Celo Dollar (cUSD)
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The live Celo Dollar price today is $0.993733 USD with a 24-hour trading volume of $2,474,816 USD. We update our CUSD to USD price in real-time. Celo Dollar is down 0.33% in the last 24 hours. The current CoinMarketCap ranking is #430, with a live market cap of $100,686,120 USD. It has a circulating supply of 101,321,049 CUSD coins and a max. supply of 1,000,000,000,000,000 CUSD coins.
If you would like to know where to buy Celo Dollar, the top cryptocurrency exchanges for trading in Celo Dollar stock are currently KuCoin, Bittrex, Okcoin, Coinlist Pro, and Ubeswap.
Tether (USDT)
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USDT is a crypto-currency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like Bitcoins or any other crypto-currency.USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process. In the Tether Proof of Reserves system, the amount of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools provided at Omnichest.info, while the corresponding total amount of USD held reserves is proved by publishing the bank balance and undergoing periodic audits by professionals.
MUDA
Project basic information
Muda is a digital asset platform that consists of a fiat cryptocurrency exchange that helps users easily buy and sell crypto, a DeFi platform that will give users access to blockchain based financial services and NFT that will allow users to access, trade and create all sorts of digital assets that will represent value ranging from digital art all the way to real estate.
MUDA is launching a Token that will be used to power a number of applications such as the launch DeFi loans for P2P traders. We want to fill a gap and super charge the cryptocurrency ecosystem in the developing world especially in places where it is difficult to access crypto through the traditional payment rails.
The Defi loans will enable P2P sellers to get access to capital to process larger trades and serve more customers. MUDA’s vision is to provide a platform that will provide opportunities through crypto for the youth. Building inclusive financial products is a main component of that goal.
The token will work in the following way
- Pay for trading fees at a discount
- Collateral for loans
- Security for anchor endorsed sellers