Buy UX Chain (UX)
What is UX Chain?
UX Chain is a cross-chain decentralised finance (DeFi) hub built on the Cosmos SDK. It functions as an interconnecting platform between various blockchains, enabling bridge technology for cross-chain borrowing, lending, and improving capital efficiency through liquid staking.
How does UX Chain work?
UX Chain operates as a base layer blockchain leveraging the Cosmos SDK. It uses the Tendermint Proof of Stake (PoS) consensus protocol, which is known for its Byzantine Fault Tolerance (BFT) capabilities. This setup facilitates secure and efficient cross-chain interactions by using the Inter-blockchain Communication Protocol (IBC). Additionally, UX Chain supports smart contracts for decentralised applications and DeFi protocols.
What are the potential use cases for UX Chain?
The primary applications of UX Chain include functioning as a cross-chain DeFi hub for borrowing and lending across various blockchains, collateralising staked assets for borrowing, enhancing capital efficiency via liquid staking, and ensuring seamless asset flow through multi-chain bridging. These capabilities position UX Chain as a versatile tool in the Decentralised Finance and blockchain interoperability sectors.
What is the history of UX Chain?
Originally known as Umee, UX Chain was established as a Cosmos-based DeFi hub. It has received significant funding, notably raising $50 million through private rounds and additional funding from prominent investors like Polychain Capital and Coinbase Ventures. Its Token Generation Event took place around February 2022. UX Chain continues to evolve with a focus on enhancing cross-chain interactions and providing decentralised infrastructure for borrowing and lending.
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Frequently Asked Questions (FAQs)
What is the current price of UX Chain (UX)?
The UX Chain price is $0.00143716 AUD, representing a +0.1% from the day prior.
Where is the best place to buy UX Chain (UX) in Australia?
The best place to buy UX Chain (UX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell UX Chain (UX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of UX Chain (UX)?
The trading volume of UX Chain (UX) is $116.4K AUD in the last 24hrs, representing a +0.1% from the day prior.
How can I buy UX Chain (UX)?
UX Chain (UX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of UX Chain (UX)?
The current market cap of UX Chain (UX) is $6.2M AUD.
Can I convert UX Chain (UX) to cash?
Yes - With Coinstash you can convert your UX Chain (UX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many UX Chain (UX) are there?
The current circulating supply of UX Chain (UX) is 4.4B.
Is Coinstash a safe place to buy UX Chain (UX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling UX Chain (UX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.