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LiteUSD

LITE
Launched On
2022-07-07
BSC:
0x4a846d300f793752ee8bd579192c477130c4b369
Price$0.026615092887325113
MarketCap$2,661,509.29

Live Price & Chart

What is LiteUSD (LITE)?

LITE is used as the initial token of the LUSD protocol to mint the decentralized stablecoin - LUSD and to balance the price fluctuations of LUSD.
LITE is the price counterpart of the stablecoin LUSD, and simply put, the amount of LUSD that can be minted in a single LITE is directly determined by the Token's price. LITE is issued on the Binance Smart Chain, with a total of 100 million units issued. 1million LITE will be taken out after issuance and added to the initial liquidity pool, with a ratio of 1 million USDT:1million LITE, and the remaining 99 million locked into the "Treasury" contract, which will be managed by Fist community members.
LITE minted LUSD stablecoin based on its own price. LITE uses a price minting mechanism that relies on algorithms to ensure flexibility of stablecoin is backed by LITE.

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Overall rank28853
Daily rank16
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