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Royale auction: 10000 USDT

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Royale auction

Only remains bids to finish the auction.

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The ranking of users and their unique bids, ordered from highest to lowest, in the list appear the first 300 unique bids.

Auction information

The higher unique bid is the bid closest to 50.00kr that is not repeated, it means only you have placed a bid for that amount and no other user has placed the same bid.

1511 users already placed bids on this auction

The value of the winning bid will be the sale value of the item, the user who wins the auction will take the item paying only the amount of the winning bid.

Each user can place a maximum of 10 bids in the Royale auctions.

The user yalanis is winning the auction with the highest unique bid.
Place your bid between 50.00kr and 0.01kr
Auction data

Maximum price:

Remaining:

Bids to be placed:

50.00kr

2500

Auction info

Product value

Bids placed

Your placed bids

119,634.50kr

1685

The user yalanis is winning the auction with the highest unique bid.
Place your bid between 50.00kr and 0.01kr

Auction information

  • Bids needed to finish

    2500

  • Product value

    119,634.50kr

  • Auction ID

    293113

  • Auction type

    Royale auction

  • Bid value

    21 Daxdi coins

  • Minimum price

    0.01kr

  • Maximum price

    50.00kr

Statistics of the last 15 days

  • Average number of participants

    0 users

  • Average amount of bids done by the winners

    0 bids

  • Average published times in a week

    0 times

  • Average final price

    0.00kr

  • Average savings of the winners

    119,634.50kr

  • Average spending by winners

    0.00kr

Latest winners

There are not more finished auctions of this product on the last 30 days

Shipping

The product will be shipped within a maximum of 24 hours once you have won and paid for the auction.

The auctioned product is available to be exchanged for its cash value

For more information about the delivery of the products or their exchange for money value, you can consult the FAQs or open a support ticket

Buy product

You can buy this product in any moment, if you has placed bids in this auction the bids value will be deducted from the product final price.

10000 USDT

What Is Tether (USDT)? USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S.

dollar, issued by a Hong Kong-based company Tether.

The token’s peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulation.

Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT.

In addition to Bitcoin’s, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.

The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.

Stablecoins are increasingly used as an inflation hedge in recent times; compared to keeping fiat currency in a savings account averaging 0.06%, users can lend their stablecoins and earn yields ranging from 3% to as high as 20%.

However, keep in mind that regulatory, platform risks and more entail.

USDT’s unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S.

dollar.

According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents.

The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value.

USDT, on the other hand, is protected from these fluctuations.

This property makes USDT a safe haven for crypto investors: during periods of high volatility, they can park their portfolios in Tether without having to completely cash out into USD.

In addition, USDT provides a simple way to transact a U.S.

dollar equivalent between regions, countries and even continents via blockchain — without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.

However, over the years, there have been a number of controversies regarding the validity of Tether’s claims about their USD reserves, at times disrupting USDT’s price, which went down as low as $0.88 at one point in its history.

Many have raised concerns about the fact that Tether’s reserves have never been fully audited by an independent third party.

What Is the Tether FUD About? Tether has been the target of a lot of FUD due to its murky balance sheet and lack of a public audit.

The company has repeatedly been fined for misleading statements around the state of its books.

After Tether released a first breakdown of its balances, it came under even more scrutiny from regulators over its claims that all issued stablecoins are fully backed by dollar reserves.

Daxdi

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