Review on HonestCoin by Douglas Cachazo
HonestCoin (USDH): Stable momentum operating on two chains
Currently the cryptocurrency market is in turmoil for various reasons, prohibition in China and other attacks on bitcoin, everything has created that the market enters in low and with a state of very high volatility, it lends itself to speculators,
That is where stable currencies like the USDH which is equal to the US dollar, in relation 1 USDH is equivalent to 1 Dollar, with this volatility the best way to avoid losses is to pass our cryptos to stable currencies like this and wait for the recovery of the cryptocurrency market, as financial experts say, the crypto market always gives second chances, if you lost something in those low highs do not worry you can recover what you lost.
It is good for the cryptocurrency market the emergence of stable currencies like this, they create liquidity, avoid capital flight from the market, the important thing is that the funds or the asset that supports these stable currencies are untouchable, auditable and governed by legislations, in the case of the USHD is a currency that has approval in the United States, legal and auditable currency.
Pros
- USDH stable currency with a value of 1 dollar
- Available on the Bitcoin and Etheren chains.
- Enables exchange to the dollar
- Maintains liquidity in the cryptocurrency market
- USDH serves as a safe haven when the market becomes volatile
Cons
- Nothing against
