Qcash price is $0.08640000
As of the most recent update, the price of Qcash (QC) is $ 0.08640000, and it has increased by +0.00%% over the past 24 hours. Remember that the value of Qcash is intended to mirror the value of the Chinese Yuan (CNY), meaning 1 QC is equivalent to 1 CNY.
Qcash (QC) is a unique type of cryptocurrency known as a stablecoin. The defining feature of a stablecoin is that its market price is designed to remain constant, rather than fluctuating like many common cryptocurrencies. In the case of Qcash, its value is pegged to the Chinese Yuan (CNY), creating a 1:1 parity between the two. This currency stability makes Qcash a practical choice for traders who wish to exchange CNY with a range of other cryptocurrencies.
Qcash is developed and maintained by "QuickCash." The primary purpose for the creation of Qcash is to facilitate an easy exchange between CNY and various other cryptocurrencies like BTC, LTC, ETH and more. With Qcash, users can purchase 1 QC with 1 CNY and then use the QC to exchange for other crypto assets. In this way, Qcash operates as an intermediate currency.
Qcash's uniqueness lies in its stablecoin feature that anchors its value to Chinese Yuan. This offers a handle for Chinese users who want to participate in cryptocurrency trading without having to worry about the price volatility commonly associated with cryptocurrencies. This stability makes it a safe and efficient method for traders to convert Chinese Yuan into other cryptocurrencies quickly and easily.
As of our latest data update, the circulating supply of Qcash (QC) is , with a total supply of 10.0B. Remember, despite this supply, the market cap and value of Qcash is designed to mirror the value of the Chinese Yuan.
A stablecoin like Qcash is typically backed by a reserve of the asset it's pegged to, in this case, the Chinese Yuan. This reserve ensures that the currency maintains its 1:1 parity. The particular method of how Qcash secures its network is something the team behind it can provide more specific details about.
Qcash (QC) is available for purchase or exchange through the following cryptocurrency exchanges: . It's important to note that you should conduct your due diligence before transacting on any cryptocurrency platform. Always ensure that the platform is reputable and secure.
There are a few practices to ensure your Qcash and other cryptocurrencies remain safe. Firstly, it is advised to keep your assets in a secured and private wallet and not on the exchange platforms. Always remember to keep your private keys or recovery phrase safe and confidential. Lastly, always exercise caution when conducting transactions; do your due diligence and be cautious of unsolicited offers.
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