Liquity Reaches Market Capitalization of $143.96 Million (LQTY)

Liquity (LQTY) traded 17.5% lower against the dollar during the one day period ending at 8:00 AM Eastern on December 20th. One Liquity token can now be bought for about $1.53 or 0.00001611 BTC on popular cryptocurrency exchanges. Liquity has a market capitalization of $143.96 million and $89.04 million worth of Liquity was traded on exchanges in the last 24 hours. In the last seven days, Liquity has traded down 37% against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 7.3% lower against the dollar and now trades at $94,117.94 or 0.99400008 BTC.
• SolvBTC (SOLVBTC) traded 8% lower against the dollar and now trades at $93,670.93 or 0.98927914 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Liquity Token Profile

Liquity’s launch date was October 15th, 2020. Liquity’s total supply is 100,000,000 tokens and its circulating supply is 94,358,645 tokens. Liquity’s official Twitter account is @liquityprotocol and its Facebook page is accessible here. Liquity’s official website is www.liquity.org. The Reddit community for Liquity is https://reddit.com/r/Liquity and the currency’s Github account can be viewed here. The official message board for Liquity is medium.com/liquity.

According to CryptoCompare, “Liquity is a decentralized borrowing protocol that allows users to take out interest-free loans using Ether as collateral. The loans are paid out in a USD-pegged stablecoin called LUSD, and borrowers must maintain a minimum collateral ratio of 110%. Loans are secured by a Stability Pool containing LUSD and by fellow borrowers acting as guarantors. Liquity is a non-custodial, immutable, and governance-free protocol. LUSD can be redeemed at any time against the underlying collateral. LQTY is the secondary token issued by Liquity, capturing fee revenue and incentivizing early adopters and frontends, with a total supply cap of 100,000,000 tokens. For more information on LQTY, see LQTY Rewards and Distribution.”

Buying and Selling Liquity

It is usually not currently possible to buy alternative cryptocurrencies such as Liquity directly using US dollars. Investors seeking to acquire Liquity should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Liquity using one of the aforementioned exchanges.

LQTY/USD price chart by TradingView