Review on USDX by Jemal A
Task went down because of absence of Investors
The essential idea basic the steady worth of the USDX token was to get it fixed to the USD and collateralize same with the LHX token. Why it's idea to make it a stablecoin through this strategy was inept is just because of the irrefutable certainty that the LHX token was very little of whatever could make Investors keen on purchasing. Indeed the token had it's own special Blockchain that considered exchanges to be executed without any expenses by means of it's wallet and a TPS higher than MasterCard and Visa consolidated, utility for the LHX was restricted and possibly, advertising wasn't sufficient to get individuals comprehend why LHX was significant (that is regardless of whether it was ever significant). With the declining worth of LHX came the finish of USDX as it's steady worth couldn't be kept up. The task is dead and shut fairly on the grounds that I can in any case see it's Android versatile wallet application on the Google Playstore while on its Telegram bunch, it has authoritatively expressed that the have finished help for the venture in entirety because of the low number of financial backers
Pros
- Geniuses and cons
- The task was exceptionally encouraging.
Cons
- The venture couldn't get a great deal of financial backers which prompted the demise of it
