Uquid is the world’s first smart shopping within the web 3.0
What Is Uquid Coin (UQC)?
Uquid is aiming to build a bridge between e-commerce and DeFi, something that has never been done before. In other words, they are creating a metaverse especially for merchants that can connect with customers all over the world, removing the geographical barriers. This would allow customers to benefit from new product releases, easier crypto payment options and less hassle.
A unique feature they will be providing is physical UQC cards, where customers can spend their digital assets anywhere in the world where the cards are accepted. Hence, the bridge between the real world and DeFi.
How Does Uquid Coin Work?
In order for the Uquid ecosystem to work they had to launch a decentralized currency called UQC, based on the ERC20 Ethereum Network. The aim with this currency is to continue the development of the Uquid ecosystem. The token holders would be able to cash out instantly, if needed.
Which brings us to the next point, shopping mining. Every time a customer buys an item new tokens would be generated through the smart contracts set up in place, that ensure they can be used in other future transactions. The process would work as a loyalty scheme, but is actioned immediately.
Uquid has also released automated shopping, which are pools of goods created by various suppliers. This would allow customers to enter the pool, track the availability of the products and their prices, so they could always find a better deal. Similar to how Ebay or Amazon works.
Here is a representation of how Uquid works:
The History Of Uquid Coin
The core team of Uquid includes Trun Hung, CEO, with 5+ years of expertise in the area of blockchain, Dang Hung, CTO, who previously worked as a software developer for different financial institutions, Hristo Margov, CBO, who was a Lead Engineer Contractor at Jaguar Land Rover, and many others.
UQC mainnet was only launched in December 2017.
Is Uquid Coin (UQC) A Good Investment?
Uquid are confident that its approach can transform global trade. Between collaborations and innovations, UQC can continue to grow in users and adoption, making it an attractive incentive to hold the coin for the long run.
As you can see on the graph below, the highest that UQC has ever reached is $33.02 back in May 2021, and then a few months later it dropped and is now sitting below $15. UQC is still at its infancy but it is definitely a project you want to keep an eye on, as it could reach another all-time high in the future.
To stay up to date with the current UQC price data, click here.
Should You Buy Uquid Coin (UQC)?
Every day you see brick-and-mortar businesses shutting down in high streets, as more people are shopping online. Something like Uquid can really shake up things.
If you have done research on the team, vision, whitepaper and you are satisfied with what Uquid Coin has accomplished so far, then potentially it could be a great investment for the long term. Perhaps invest small, and wait for market direction before buying more.
Cryptocurrencies can be risky, so invest wisely and be careful with your hard earned money. As a rule of thumb, never invest money you can’t afford to lose.
How Many UQC Coins Are There in Circulation?
UQC has a total supply of 40 million coins.
Where Can You Buy UQC Coins?
If you would like to purchase some UQC coins, below are a handful of cryptocurrency exchanges which list them.
- ProBit Global