Review on EOSDT by LUIS RIVERO R
Stable currency in the EOS chain.
Stablecoin developed on the Eos platform, linked to the price of the dollar 1: 1, the price guarantee is based on BTC and amounts of Eos that guarantee the price of EOSDT.
In general, this cryptocurrency works with a real token issuance backup in which the user can deposit to back up their assets and they are granted the Eosdt receiving the necessary amount according to the amount blocked.
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The entire process is carried out by the developers of this project so it has the full support of Eos and its community.
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Its main philosophy is a stable currency available to everyone, since there are other platforms that limit the use of stable currencies by location or prohibited countries.
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Pros
- Stablecoin backed with funds in Eos and BTC.
- 1: 1 with the dollar.
- Verifiable funds in Eos taking into account the number of tokens issued.
- You can earn EOS just by blocking as backup.
- Low fees and fast transactions.
- Holders of this asset can vote on decisions that affect the community.
- Compatible with various decentralized wallets.
Cons
- It currently has a lot of competition.
- It is not backed by real dollars.
