Crypto Academy Week #7 || Homework Post for @yohan2on || TrueUSD (TUSD) by @janemorane
Hello lovely people!
Today is a another beautiful day and i have attend one more class of professor @yohan2on and attending his each lecture increases my knowledge about crypto world.
Today here i will discuss TrueUSD as my homework task for week #7.
STABLE COIN
We have discuss stable many times but since it is my home work task again so stable coin is a coin which price is stable and it is not volatile like other coins and hence they are categorized as stable coins.
What is TrueUSD (TUSD)
TrueUSD is a stable coin which price is stable which is backed by US dollar. TUSD is supported by TrustToken and trust token is a platform which support and handle all the tradings of TUSD. TrustToken is great place for exchanging and also provides many others coins their support. TrueUSd can be liquidize easily and hence it is easily withdraw and many users get them because of the non-volatile price and because of its stability. For me investing in non-volatile coin is far better than that of the volatile because it can give better profit than volatile coin.
Market Detail
Rank # 140
Price # $1.00
24 hrs low/ 24 hrs high value :
$0.9996 /$1.01
24 hours trading volume : $104,315,240.04
Changes In Price
We can check out its price changes through out and it can be seen from the chart below which i have taken from coin market cap shows that its price is stable and does not change that much high or too low but stay stable and changes occur only about .04 or .05 etc and i think it is not that big change and for stable coin this is the normal variations in stable coin price.
Current Value
Current value of TrueUSD is equal to $1.0. Now this chart down here is the market values and shows that how many are liquidize and and the volume of trading for True USD.
Here are the list of sources from where you can buy and sell i mean to say the trading markets for TrueUSD are Bittrex and Binance which are well known trading platforms for crypto assets.
How To Get TrueUSD?
There are various methods to get TrueUSD some are:
You can buy and sell TrueUSD from the following markets, Coinsbit, Binance, Bitfinex
, Poloniex
, Bittrex and Hotbit are top trading markets for TrueUSD.
Other way to get TrueUSD is by minting and you can mint TrueUSD in the TrustToken App and there you can get TUSD by minting yourself.
Just simply go to Trust token site and there you will the list of all the true coins we will click on the Mint and redeem button of TrueUSD and than this signup page will appear now here you can make your own account and start minting TrueUSD.
By minting it means that you will have to send wire transfer to trust token banking account and and after they get it they will mint the TrueUSD and will send you back and by this method your TrueUSD will be mint easily without following many difficult steps.
Thanks For Your Time
This was my homework task for professor @yohan2on.
Special Mentions To @steemcurator01 and @steemcurator02 for Their support.
Hi @janemorane
Thanks for attending the 7th -Crypto course on stable coins and for your effort in doing the given homework task.
Feedback
Fairly done. More effort was needed in your research study. You should also endeavour to proofread your work in order to correct any mistakes in it.
Homework task
6