On November 7, 2019, weve launched the digital currency U-Dinar pegged by national currency, in Tunisia. The digital currency issues will be based on the Universa blockchain platform.
But tell me, how UTN tokens will be used here? How is stable coin on your blockchain will help liquidity UTN tokens and their usecase? Will your UTN tokens will be used as gas on every stablecoin transactions or... ?
it will not help a lot to increase the liquidity of UTN coin. That will be issued as a stable coin that will be used as tether. UTN just act like ethereum that already used as a fees to issue a new asset in the blockchain. It looks like the issuer must pay UTN as the fees to use the contract. Maybe this will not help a lot for UTN but at least of the company has proven what they have already created will be useful and it's a working product.
UTN being used in any transaction that happened in the universa blockchain.
Well. but this is advantages for CEO only. But he raised money o ICO and must provide liquidity for UTP token. If this stable coin built on Universa blockchain. so this means that every TX in stable coin network must use UTP tokens as gas?
CEO is so busy to trip all days lol. I hope that you can try to make a difference between asset and coin.
That stable coin is running on the universa blockchain and then that asset must use UTN to pay the gas nor issue a new asset or smartcontract.
I have tried to issue a new smartcontract and send my UTN to another UTN wallet, and that always requires UTN as a mandatory to pay the fees. But It's not still in UTN form consider about there was U coin. We must take a look at the case to determine which is coin needed to pay the gas fees.
It looks like this one is next dead coin.