Review on Liquity Token: It is a fast rising coin in the cryptocurrency market today.
On this article, we will review the token by listing the pros and cons.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
LQTY is a token that captures the fee revenue generated by the Liquity Protocol via staking. Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD and need to maintain a minimum collateral ratio of only 110%.
There are 7,668,885.09 LQTY in supply.
Pros of Liquity
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
Cons of Liquity
- The coin is still under research and developments
- Multiple issues with its synchronizations between ledgers
Is Liquity Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear.
According to research and reviews, Liquity is not a scam coin. It has been listed on top cryptocurrency wallets.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Liquity on the comment section below. Don’t forget to rate and leave a review.