
LiteUSD
LITELive 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.
Frequently Asked Questions about LiteUSD
Where can I find more info about LiteUSD?
You can find more info about LiteUSD on the official website.
Where can I follow updates about LiteUSD?
You can follow updates about LiteUSD on their X account.
Where can I join LiteUSD community?
You can find LiteUSD community on Telegram.
What is the contract address of LiteUSD?
The contract address of LiteUSD is 0x4a846d300f793752ee8bd579192c477130c4b369 on Binance Smart Chain.
Where can I buy LiteUSD?
You can buy LiteUSD on PancakeSwap.
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