![USDX [Kava]](https://price-coin.xxi2.com/uploads/currencies/usdx-kava.png)
| General information | |
|---|---|
| Global rank: | 438 |
| Name: |
USDX [Kava] |
| Symbol: | USDX |
| Current coin price (AUD): | 1.09 $ |
| Last hour: | arrow_downward-0.230 % |
| Last 24 hours: | arrow_downward-0.390 % |
| Last 7 days: | -10.34 %trending_down |
| Capitalisation (AUD): | 121 499 218.72 $ |
| Volume 24h (AUD): | 109 442.87 $ |
| Available supply: | 111 567 264.00 USDX |
| Total coin supply: | -1 USDX |
| Start date: | 2018-07-27 |
USDX [Kava]/Australian Dollar (USDX/AUD) price chart
USDX [Kava]/Australian Dollar (USDX/AUD) capitalisation and volume charts
The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT, which refers to Lighthouse Blockchain Technology, the company behind the app. The total supply of LHT is 1B coins, which will be released gradually to the market. Only 5% of the supply will be issued in the first year, while another 5% will be locked on the blockchain to provide 200% collateralization. The benefit of withholding coins is encouraging confidence in LHT owners and potential owners that the value won’t suddenly evaporate if the market becomes flooded.