USDX Protocol

USDX Protocol

Created using Figma
Created using Figma
USDX Protocol believes the future of cryptocurrencies is to create a widely-adopted token that the crypto-community will want to use for daily transactions in both the crypto and fiat worlds. USDX Protocol makes the blockchain economy more user-friendly and more convenient for the cryptocurrency community — investors, traders, and financial institutions alike. In doing so, USDX Protocol has developed a decentralized monetary policy ecosystem that takes Stablecoin to the next level of performance, offering a backbone infrastructure that serves as the key building block for the future blockchain economy.
Apr, 2018
Apr, 2018
100% completed
Raised funds - no Data
past
Token Details
Ticker
USDX
Company Details
Registered Country
Singapore
Additional Details
KYC
Yes
Categories
Cryptocurrency

About USDX Protocol

USDX is committed to developing the third generation Stablecoin ecosystem, to make the blockchain economy simpler and more convenient and to become the backbone infrastructure of the future blockchain economy.

Cryptocurrencies’ rapid rise and promising future has attracted great attention from speculators and, increasingly, from Wall Street. There are rising expectations among academics and investors that virtual currencies will revolutionize the current financial system. However, the high volatility associated with traditional cryptocurrencies like bitcoin has crippled their adoption as a public medium of exchange.

Stablecoin was invented to solve the high volatility problem of traditional cryptocurrencies. It is a special type of cryptocurrency that has its valued pegged to an index-most typically, the equivalent of one US dollar.

The first generation of Stablecoin, represented by Tether, relies on a centralized and collateral-based model where, in theory, one Stablecoin is issued only when one US dollar is deposited at the Stablecoin issuer. However, regulatory risk and moral hazard have rendered this model unsustainable.

The second generation of Stablecoin, such as Havven, also employs a collateral based model, where virtual currency instead of fiat is mortgaged on a decentralized blockchain network for the issuance of Stablecoin. While solving the regulatory and moral hazard problems, this model has created new issues with fluctuant collaterals and more complicated mechanisms.

The third generation of Stablecoin relies on an ’algorithmic central bank’ to automatically adjust the total quantity and velocity of Stablecoin to achieve a stable exchange rate. The implementation of elastic monetary policy is strictly data dependent and will not subject to the governance of any centralized party.

USDX is a third generation Stablecoin. Compared to other third generation Stablecoins, USDX differentiates itself in terms of its cuttingedge technology and robust algorithmic logics derived from economic principles. Specifically, USDX possesses the following 4 unique features:

1. USDX is a public blockchain based on ’Proof of Stake’ with high transaction speed.
2. USDX is compatible with existing blockchain infrastructures, such as cryptocurrency exchanges, wallets, and miners.
3. USDX has a sophisticated and systematic adjustment mechanism that can efficiently regulate price fluctuations.
4. USDX’s infrastructure was built with a goal in mind to serve as the center of the next generation blockchain-based financial system. We will build up a crypto-based financial system together with third-party developers.

USDX Protocol Roadmap

  • Q1, 2018

  • Stablecoin Begins. Setting up foundation in Singapore.Setting up community.
  • Q2, 2018

  • Setting up USDX fund. Expanding community scale. Starting to develop an independent public blockchain.
  • Q3, 2018

  • Setting up foundation branch in Korea. Landing on the Korean market.
  • Q4, 2018

  • Introducing protocol of main function on the independent public blockchain.
  • Read More
  • Q1, 2019

  • The Dark Knight. The test network being released.
  • Q2, 2019

  • Launching public chain mUSDY generation.
  • Q3, 2019

  • Building D-apps developer dplatform. Launching D-wallet.
  • Q4, 2018

  • Establishing an institution about making traditional assets
    up to the blockchain.
  • Q1,2020

  • The Dark Knight Rises.Improving the protocol performance.
  • Q2, 2020

  • Enriching the D-apps.Improving the speed of network.
  • Q3, 2020

  • Improving the scale and security and preparing for a broader ecosystem.
  • Q4, 2020

  • Establishing the decentralized exchanges. Enriching Stablecoins pegging to other indexes.

Activity

Followers:
216
VERY LOW
Tweets:
177
MEDIUM
30 Days Growth:
-4
Members:
275
VERY LOW
30 Days Growth:
-19
Year commits:
0
Watchers:
2
Stars:
0
Forks:
0
Open issues:
0

USDX Protocol Team

Verified 14%

Attention. There is a risk that unverified members are not actually members of the team

Richard Tiutiun
Chief Technology Officer
unverified
Dennis S. Lee
Chief Strategy Officer
verified
Nina Ni
Chief Public Relation Officer
unverified
Simon Nie
Lead Engineer
unverified
Vincent Deng
Engineer
unverified
Sam Lee
Engineer
unverified
Julie He
Legal Intern
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Xiahong Lin
Advisor
unverified
Alan Wunsche
Advisor
unverified
Patrick Dai
Advisor
unverified

USDX Protocol Interviews

Dennis S. Lee
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
.

USDX Protocol Last News

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