Both USDX and LHT cryptocurrencies are issued by Lighthouse Blockchain Technology GmbH. The LHT is a digital asset with a limited supply. Its price is subject to fluctuation depending on the demand for it on exchanges and within the USDX Wallet app. LHT is an altcoin, or simply a coin as it is based on the native Lighthouse Blockchain. USDX is a token that is issued on top of Lighthouse Blockchain. Smart contract ensures each USDX token is collateralized with at least 200% worth of LHT coins according to LHT’s current market price. At least 200% backing of each USDX by LHT is steady: if the price of LHT drops, Lighthouse Blockchain will add more LHT to comply with the terms of the smart contract. If the price of LHT rises, it means that collateralization of USDX becomes more that 200%.
Articles in this section
- What is USDX? Is it a token or a coin? Does it have a limited supply and if yes then how is it limited?
- How is USDX token used in the project’s ecosystem?
- Why is USDX pegged to U.S. Dollar, not some other international currency?
- How does USDX differ from other cryptocurrencies?
- What is LHT? Is it a token or a coin? Does it have a limited supply and if yes then how is it limited?
- How is the market price of LHT calculated?
- Are USDX and LHT cryptocurrencies mineable?
- How USDX and LHT currencies are connected?
- Why your cryptocurrencies are considered liquid assets?
- Why can't I send transactions from one exchange to another?