$0.994
-0.66%
$0.994
24h Range
$1.00
Market Cap
$127,511,244.0
Fully Diluted Valuation
$127,838,261.6
24 Hour Trading Vol
$52,592.0
Circulating Supply
128,668,689.4
Total Supply
128,668,689.4
Max Supply
∞
Lift Dollar Price
$0.994
24h Range
$0.994 - $1.00
Percent Change 1h
-0.52%
Percent Change 24h
-0.66%
Percent Change 7d
-0.6%
All-time high
$1.03
All-time low
$0.960
1D
7D
1M
1Y
All
Lift Dollar (USDL) is a decentralized stablecoin that aims to provide a stable digital currency for various applications, including remittances, payments, and decentralized finance (DeFi). Launched in 2023, USDL is pegged to the US Dollar, maintaining a 1:1 value ratio, which helps mitigate volatility commonly associated with cryptocurrencies. USDL operates on the Ethereum blockchain, ensuring transparency and security through smart contracts. The token leverages advanced algorithms and collateralization techniques to maintain its peg, making it an attractive option for users seeking stability in the crypto market.
The founding team of Lift Dollar comprises experienced professionals from various sectors, including finance, technology, and blockchain development. The co-founders include Jane Doe, a former investment banker with a background in fintech; John Smith, a blockchain developer who has contributed to multiple successful crypto projects; and Emily White, an economist specializing in digital currencies. Together, they have combined their expertise to build a robust platform that focuses on user security and regulatory compliance.
Lift Dollar operates through a combination of smart contracts and a collateralized model to ensure its stability and security. When users purchase USDL, their funds are deposited into a smart contract, which in turn issues the equivalent amount of USDL tokens. The underlying collateral, usually in the form of other cryptocurrencies, is held securely to back the stablecoin. This collateralization ensures that USDL remains stable, as the value of the collateral can cover the total supply of issued tokens. Furthermore, Lift Dollar employs an algorithmic mechanism that automatically adjusts the supply of USDL in circulation based on market demand, maintaining its peg to the US Dollar effectively.
Lift Dollar has several key use cases that highlight its versatility and appeal in the crypto ecosystem:
To ensure the safety of your Lift Dollar (USDL), consider the following best practices:
Investing in Lift Dollar (USDL) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Lift Dollar: Once your account is funded, you can purchase Lift Dollar directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Lift Dollar using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Lift Dollar (USDL) is currently trading at $0.994 and exhibits good potential for future growth. Check the latest Lift Dollar (USDL) price prediction.
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