Review on USDA by Stephen Toluwani
USDA project couldn't complete it's bridging between economies of the Asian market
The USDA project started with the purpose of bridging fiat economies to the encryption of cryptocurrencies in the Asian Pacific market. Today, the project seems to have the aura of being abandoned. There is no working website for the project neither is there hardly any Liquidity in both of the exchanges for which it is listed on. I do not see the project as much of a stablecoin just as they had wanted. Checking through the price history chart on one of the exchanges to which USDA is listed, I could see that for as many years of its activity, there was hardly any stable value. In my efforts to know more of how they intended to embellish USDA with collaterals strong enough to give it a stable price pegged to the US Dollars, I was limited by the restrictions I got in trying to access the website.
Even though USDA is listed on two exchanges, the liquidity and price margin are low and high respectively and therefore makes no sense in buying. Even on the contract page of the token, there is hardly ever any transaction that goes through for the platform. It's best stated wise to stay off the project.
Pros
- There is no positive content about the project
Cons
- The project is dead and inactive
- There is hardly any transaction going through it's token
- Price differences between exchanges is very wide
- There is hardly any liquidity for the token
- It's not much of a stablecoin as the price has never been stable at a Dollar
