Dow Blockchain Technology is launching new products which will be in favour of public interest. DBT is committed to provide cutting edge products which will be much more superior and would cross all the technological barriers with the existing technologies.
Dowcoin is an Ethereum Token which has been developed using Ethereum Blockchain. At the initial stage when the ICO was launched Dowcoin was an Avergae Token, But Now Dow has Split into DOW & Dow Average Token. And now Dowcoin is a share's of Dow Blockchain Technology. Once the Dow Blockchain is ready, Dowcoin will be used as a Gas for the transactions for all the products on DBT.
The value of this token is derived from the existing cryptocurrency assets and is expected to vary according to the values of the market assets. The index number and the index coin value indicate the status of the market based on the performance of the top 30 coins at any given time. Therefore, the coins in this index will vary over time, and can be replaced severally over each period. Average token will only feature coins in this index that have been in the market and exchanges for the last six months, and also have been among the top 100 coins in the market cap for at least 90 consecutive days. In addition, these coins should have an active and viable public project scope. Through this, Average token will be in a position to influence the decisions of investors, to feature coins that are less volatile and to ensure that investors are diversified for long-term market sustainability.Visit Site
BTCDOW is an internal exchanger of Dowcoin where you can buy or sell your Dowcoins as well as Bitcoins. Due to BTCDOW being an exchanger the rates will be derived from public exchange. The pairing in DOWBTC will be in the form of BTC/UST and DOW/UST.Visit Site
Dow Blockchain Technology(DBT) is launching a new cryptocurrency pegged against the US dollar reserves. The cryptocurrency, named Universal Standard Token (UST), will be an ERC20 token built on top of the Ethereum blockchain.
UST is being touted as a cryptocurrency that both tackles the volatility problem with other virtual currencies and ensures regulatory compliance. BDT says that UST will be particularly useful for cryptocurrency traders to hedge quickly out of trading positions by converting their assets to UST, which will be stable because of its backing by a fiat currency.
The currency will also be available as a primary trading pair on top exchanges.
It is worth noting that UST is not the first cryptocurrency aimed at stability, or to even be pegged against the US Dollar.
Tether, the 15th largest cryptocurrency at the moment with a market cap of over $2 billion, is another popular dollar-pegged cryptocurrency alternative.
According to DBT though, the key difference between UST and other fiat-based cryptocurrencies is that it plans to ensure regulatory compliance for its cryptocurrency.
DBT’s choice of using Ethereum’s blockchain for their cryptocurrency is also particularly intriguing.
Ethereum’s blockchain might be a popular choice for most ICOs due to the simplicity it has to offer, but it should hardly be the pick of such a well-funded project, given the scalability issues it continues to suffer from.
Another major concern with pegged currencies such as UST is that there’s no way to know if the number of coins they issue are in fact backed by liquid financial assets, according to Fortune.
Last November, Tether printed 50 million coins in less than a week without proof of backing from equivalent USD in the reserve — raising concerns over the actual value of the currency. It remains to be seen whether DBT can maintain a higher level of transparency with UST.
It is a borderless global currency system independent of exchange rates and political situations.
UST Gold hold's 100 percent of ownership in gold units, which can be redeemed with digital certificates. Most fiat currencies, however, aren’t backed at all. The US dollars, for instance, are “legal tender” in payments of debts.
UST Gold can be kept as investments. They can be used for various investment purposes among parties as well.
UST Gold can be exchanged through digital currency exchangers to be bought and sold. However, if necessary, owners can redeem the gold units and use them for transactions.
UST Gold transactions are final and can’t be reversed like in credit and debit card transactions. It allows transactions to occur without being able to be reversed in most circumstances. These characteristics allow digital gold currency platforms run without spending a large budget for dispute resolutions.
Due to the blockchain technology that supports digital currencies, transactions and exchanges can occur immediately with Smart contracts. Smart contracts are computer software that provides instant execution of agreement terms upon met conditions.
In conclusion, UST Gold is the modern digital format of gold bullion. Thus, they have the same advantages as the real gold, while also enjoy the convenience and immediacy of digital currencies.
Dow Blockchain University is an Institution where group of subject experts and enthusiasts who are evangelizing the Blockchain Research and Development, Use Cases and Products and Knowledge for educating individuals to make the world better. Dow Blockchain University will create an environment and raise awareness among businesses, enterprises, developers, and society by educating them in the Blockchain space. We are a private de-facto organization working individually and proliferating Blockchain technology globally
1. BLOCKCHAIN EXPERT
2. BLOCKCHAIN DEVELOPER
3. CRYPTOCURRENCY TRADER
4. CRYPTOCURRENCY EXPERT
5. SOLIDITY DEVELOPER
6. SMART CONTRACT DEVELOPER
7. ETHEREUM EXPERT
8. BLOCKCHAIN EXPERT
.9. BLOCKCHAIN DEVELOPER BITCOIN EXPERT