Review on QCash by LUIS RIVERO R
stablecoin CNY, Chinese yuan
Utility token backed by quickcash, service based on smart smart contracts to issue each token that is equivalent to the Chinese yuan.
This project is in charge of being a mediator to make changes in stable currencies, avoiding directly the traditional methods.
In other words, when you use any stable currency, you can directly switch to the token that equals 1: 1 CNY. In other words, by keeping this asset you will have access to a stable currency that is listed on various exchanges as well as being compatible with multiple chains like etherium and Qtum. It has a good volume.
Pros
- Stable cryptocurrency backed
- Liquidation of assets in the etherium chain in real time.
- High security standards.
- It has a large amount of transaction volume and liquidity where it is listed.
- Stable cryptocurrency backed by etherium contracts and other stable currencies on the dollar.
- Also compatible with the Qtum network using the QRC20 standard
Cons
- Utility token that is backed by quickcash a fast exchange based on smart etherium contracts and price stability.
