About Uquid Coin (UQC)
Uquid is a Web3 platform utilizing blockchain technology to create what Uquid calls "the world's first smart shopping in Web3." The Uquid platform is powered by the Ethereum ERC-20 token, $UQC. Post the Ethereum Merge, $UQC transaction blocks are validated using Proof-of-Stake consensus. The live price of UQC is live-tracked on Binance.
The Uquid platform has several products to power its web3 shopping platform, including an NFT marketplace, the Uquid shop, and a protocol bridging DeFi and shopping.
NFTD is an NFT market in the Uquid ecosystem. It enables creators to tokenize their content, such as Tiktok videos, music videos, music, art, and live stream content, without gas fees.
Uquid denominates certain use cases on its ecosystem to three different coins: DSS, DTO, and UQD.
Defito is the DeFi protocol on the Uquid platform utilizing the DSS token. Defito purportedly provides a DeFi solution to e-commerce through shopping mining, where shoppers receive rewards from successful transactions on the Uquid marketplace, including; shopping, staking, and automated shopping making.
In terms of the structured and calculated direction of the network, platform governance is managed through the DTO token and its holders. The DTO management token enables users to vote and provide feedback pertaining to the platform's growth and development.
UQC use cases include staking, a cashback option where orders paid in UQC are rewarded UQC in return by merchant and buyer incentives, and an installment-based payments system.
The mechanism works whereby UQC token holders are able to stake any portion of their UQC token in a DeFi pool and, in turn, earn DTO as well as DSS.
Additionally, Uquid Launchpad invests in and supports product development, operation scaling, and global growth for potential projects building on its platform.
Uquid partners include Binance, Arpa, 1inch, Hive, Crypto.com, NEAR, and HIVE.