USDO Price today

USDO is a “Special Coin” built on the ONUS Chain ecosystem platform. This is a special project with increasing value according to the development of the ONUS Chain ecosystem, with the orientation to become “Better than stablecoin”.

USDO brings users a lot of potential in accumulating assets, promising to become one of the products that bring many opportunities for users of the ONUS Chain ecosystem.

How USDO works:

To generate (mint) USDO, users need to lock BUSD to receive USDO at the rate of 1:1, according to the ratio of total collateral to the total amount of USDO in circulation at the time of minting. Currently, the collateral for the value of USDO is 100% BUSD, and there is no fee for users to mint USDO.

Conversely, users can exchange ​USDO to receive back BUSD (Redeem) according to the ratio of the total collateral and the amount of USDO in circulation, with a redemption fee of 0.5% of the total trading volume.

With this mechanism, USDO has the following characteristics:

• Anyone can mint USDO or redeem collateral at any time.
• USDO value will always be guaranteed to be greater than or equal to 1 BUSD.
• In case there are no more holders, USDO will still guarantee a value greater than or equal to 1 BUSD to the last holder.
• USDO may grow fast after undergoing a sharp correction.

Specifications

• Name: USDO Token
• Symbol: USDO
• Platform: Ethereum
• Standard: ERC-20
• Smart Contract: 0x3D513abc13f53A1E18Ae59A7B5B0930E55733C87