Utility Token [USGT]
Last updated
Last updated
USGT (Utility Stable Game Token) is a vertical domain token issued by BeingFi for GameFi users. It is a stablecoin issued based on the DeFi mechanism, with on-chain assets as anchors.
USGT is an asset-backed cryptocurrency soft-pegged to the U.S. dollar, and its issuance is decentralized and fair. USGT will be issued on Ethereum, TRX, and some other popular blockchains. Holding USGT requires a cryptocurrency wallet or crypto asset platform.
eUSGT ( electronic USGT ) is inssued by BeingFi.The value of eUSGT and USGT is 1:1. eUSGT is not a token issued on the blockchain but rather a community point that can be used within BeingFi.
Users can deposit any supported currency into the FuniBox wallet as a collateral asset, and then lend the corresponding value of USGT. Mortgage rates are 150%.
Users can also directly exchange assets for USGT through swap, the exchange rate is 100% of the current market price.
When the above two situations occur, the smart contract will issue new USGT.
When the user repays the loan and gets back his on-chain assets, the USGT is burned.
The market price of staking rate and swap is provided by the top 5 exchanges.