VNDC price is $0.00004217
| Market Rank | ? |
|---|---|
| Market Cap | ? |
| Volume 24h | $ 55.4 |
| Circ. Supply | ? |
| Total Supply | 385.7B |
| Max Supply | ? |
The current price of VNDC $ 0.00004217 reflects its latest market value. The cryptocurrency market is highly volatile, so this figure might change frequently throughout the day.
VNDC is a cryptocurrency that stands as a stablecoin pegged to the value of the Vietnamese Dong (VND). By design, VNDC aims to offer a digital currency that combines the benefits of blockchain technology with the stability of a fiat currency, namely the VND. This is often seen as an attempt to provide a more stable form of digital asset for transactions and savings, especially suited to those who wish to have minimal exposure to the extreme price volatility that characterizes many other cryptocurrencies.
VNDC operates as a stablecoin, which means it is designed to maintain a stable value as opposed to experiencing significant price fluctuations. It is typically pegged to the Vietnamese Dong at a 1:1 ratio, ensuring that for every VNDC token, there is an equivalent amount of VND backing it. This backing provides users with the confidence that the value of their VNDC tokens is stable and can be redeemed for the equivalent amount in fiat currency.
The coin operates on a blockchain network, enabling users to transfer and receive funds quickly, securely, and with transparency. The underlying technology also allows for the development of smart contracts and decentralized applications that can make use of the VNDC stablecoin.
As a stablecoin, VNDC relies on a blockchain platform that supports the creation and transaction of digital tokens. The team behind VNDC claims it adopts various mechanisms to ensure the stability and security of the coin, including maintaining reserves of the Vietnamese Dong to back the stablecoin and using advanced cryptographic methods to secure transactions.
The blockchain of VNDC allows for real-time confirmation of transactions, which not only improves the efficiency but also enhances the trust in its ecosystem. The integration of smart contracts enables automation in transactions, further extending the functionality of VNDC.
VNDC differs from many cryptocurrencies as it is a stablecoin, which is less prone to market volatility due to its fiat currency peg. This makes VNDC a potential option for users seeking to avoid the intense price swings of common cryptocurrencies, while still utilizing the advantages of blockchain technology for transactions and digital asset management.
Additionally, VNDC is focused on serving the Vietnamese market and those with an interest in transacting with the Vietnamese Dong, providing a digital avenue for VND-backed assets in the blockchain world.
Information about the founders or the team behind VNDC can usually be found on the cryptocurrency's official website. It is typically developed by a team that understands the financial landscape of Vietnam and is passionate about combining finance with blockchain technology to offer innovative solutions for digital transactions.
The circulating supply of VNDC is , which indicates the number of VNDC tokens that are currently being traded in the market. Since it is a stablecoin, the circulating supply should generally match the amount of the Vietnamese Dong held in reserves to back the tokens in circulation.
One can purchase VNDC on various that support the trading of the token. These might include popular cryptocurrency exchanges, and potentially, through the VNDC wallet platform, which usually allows users to exchange VNDC with other cryptocurrencies as well as fiat currency.
To keep VNDC tokens safe, it's essential to use reputable wallets that offer strong security measures. These might include hardware wallets, which are offline and thus less susceptible to online hacking, or software wallets with robust security features such as two-factor authentication and regular software updates.
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