Liquity Achieves Market Cap of $75.24 Million (LQTY)

Liquity (LQTY) traded up 1% against the dollar during the twenty-four hour period ending at 8:00 AM E.T. on October 11th. One Liquity token can currently be purchased for about $0.80 or 0.00001313 BTC on cryptocurrency exchanges. Liquity has a total market capitalization of $75.24 million and $16.67 million worth of Liquity was traded on exchanges in the last day. During the last week, Liquity has traded 1.3% lower against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 0.1% higher against the dollar and now trades at $0.0512 or 0.00000084 BTC.
• P2P Solutions foundation (P2PS) traded 1.4% higher against the dollar and now trades at $156.89 or 0.00256207 BTC.

Liquity Profile

Liquity’s launch date was October 15th, 2020. Liquity’s total supply is 100,000,000 tokens and its circulating supply is 93,556,083 tokens. Liquity’s official Twitter account is @liquityprotocol and its Facebook page is accessible here. Liquity’s official website is www.liquity.org. The official message board for Liquity is medium.com/liquity. The Reddit community for Liquity is https://reddit.com/r/Liquity and the currency’s Github account can be viewed here.

According to CryptoCompare, “Liquity is a decentralized borrowing protocol that allows users to take out interest-free loans using Ether as collateral. The loans are paid out in a USD-pegged stablecoin called LUSD, and borrowers must maintain a minimum collateral ratio of 110%. Loans are secured by a Stability Pool containing LUSD and by fellow borrowers acting as guarantors. Liquity is a non-custodial, immutable, and governance-free protocol. LUSD can be redeemed at any time against the underlying collateral. LQTY is the secondary token issued by Liquity, capturing fee revenue and incentivizing early adopters and frontends, with a total supply cap of 100,000,000 tokens. For more information on LQTY, see LQTY Rewards and Distribution.”

Liquity Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Liquity directly using U.S. dollars. Investors seeking to acquire Liquity should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Liquity using one of the aforementioned exchanges.

LQTY/USD price chart by TradingView