What is the circulation amount of Uquid Coin (UQC)?

The limited total supply of 3 billion UQC tokens provides stability and value to the Uquid ecosystem.

Dec 30, 2024 at 04:40 pm

Key Points:

• Uquid Coin (UQC) has a circulating supply of 1.3 billion tokens.
• The total supply of UQC is 3 billion tokens.
• UQC is an ERC-20 token that is used within the Uquid ecosystem.
• UQC can be used to purchase goods and services, pay for fees, and participate in governance.

Article Content:

Overview:

Uquid Coin (UQC) is the native cryptocurrency of the Uquid ecosystem, a platform that aims to provide a decentralized and user-friendly way to manage digital assets. Launched in 2018, UQC has gained popularity due to its versatility and utility within the Uquid ecosystem.

Circulating Supply:

The circulating supply of UQC refers to the number of tokens that are currently in circulation and available for trading. As of 2023, the circulating supply of UQC is approximately 1.3 billion tokens. This supply is constantly fluctuating as new tokens are mined and existing tokens are lost or burned.

Total Supply:

The total supply of UQC represents the maximum number of tokens that will ever be created. The total supply of UQC is capped at 3 billion tokens. This limit ensures that the supply of UQC will not inflate over time, providing stability and value to the token.

Functions of UQC:

UQC plays a vital role within the Uquid ecosystem, serving various functions, including:

• Medium of Exchange: UQC can be used to purchase goods and services within the Uquid ecosystem and from participating merchants.
• Payment for Fees: UQC is utilized to pay for transaction fees, staking rewards, and other services within the Uquid ecosystem.
• Governance: UQC holders can participate in the governance of the Uquid ecosystem by voting on proposals and influencing the direction of the platform.

Token Distribution:

The UQC token distribution was conducted through an initial coin offering (ICO) in 2018. During the ICO, 50% of the total UQC supply was sold to investors, while the remaining 50% was allocated to the Uquid team, advisors, and ecosystem development.

Mining:

UQC is not a mineable cryptocurrency. Instead, new tokens are generated through a process known as staking, where UQC holders lock their tokens to earn rewards. Staking helps secure the Uquid network and encourages long-term holding of UQC.

FAQs:

What is the current price of UQC?

The current price of UQC can vary depending on the cryptocurrency exchange. As of the time of writing, the average price of UQC is approximately $0.09.

Is UQC listed on major cryptocurrency exchanges?

Yes, UQC is listed on several major cryptocurrency exchanges, including Binance, KuCoin, and Gate.io.

Does UQC have a future?

The future of UQC depends on various factors, including the adoption and growth of the Uquid ecosystem. With its versatility, utility, and limited supply, UQC has the potential to remain a valuable asset within the cryptocurrency space.