The technical launch of the CryptoHryvnia project – UAX token was carried out yesterday !
And on the 20th March 2020 at the enormous BlockchainUa Conference in Ukraine, Michael Chobanian will take to the main stage where he will present the project and announce all the details, developments and reasons for using Cryptohyrvnia.
UPDATE: Due to the quarantine, the presentation of Cryptohryvnia will be postponed until further notice.
Cryptohryvnia or UAX tokens are a type of cryptocurrency stablecoin, that is linked at a 1:1 ratio to the Ukranian Hryvnia.
The UAX token is created on and moves around the blockchain and gives users all the advantages of an established registry. It is created on the Ethereum blockchain and is supported by the ERC20 and ERC865.
To ensure the stability and security of the UAX token, we employ a method that allows for the support of a single reserve ratio between the UAX cryptocurrency token and the related fiat asset currency. This method is know as ‘Proof of Reserve’. The first release will consist of 1,000,000 UAX tokens. Further details can be found on https://xreserve.fund
We have launched an open beta-test, which will run until 20 March 2020. During this time we will be carrying out work with partners and limited users on Kuna.io. The main aims of the first stage of the UAX implementation will be the integration with market players, technical tests on DeFi platforms and research work in the sphere of the latest economic theory.
We will be happy to see you all at the project presentation on 20 March at the BlockchainUa conference.
We advise buying tickets in advance as spaces are limited:
Official BlockchainUA website: https://blockchainua.com
Tickets for BlockchainUA: https://numl.org/sWu
Don’t forget to use our exclusive promocode for a 20% discount – “KUNA2020”
Any questions regarding the project can be addressed here:
KryptoHryvnia Telegram Channel : https://t.me/xreserve_uax